10+ min ago (249+ words) The show cause notices pertained to "some differences observed in taxable turnover and amount of ITC for the AY 2019-20 and 2022-23. In the adjudication proceedings, the Department has dropped the proposed demand." In a relief to Dalmia Cement (Bharat) Ltd, a wholly-owned subsidiary of Dalmia Bharat, the Tamil Nadu-based tax authority has dropped the demand of tax and penalties totalling "266.3 crore from the company. In a regulatory filing, Dalmia Bharat said, Dalmia Cement (Bharat) Ltd, had earlier received show cause notices under Section 74 of the Central Goods and Services Tax Act, 2017, Tamil Nadu Goods and Services Tax Act, 2017, from the Sales Tax Officer, Lalgudi, Tiruchirapalli, Tamil Nadu. The Tamil Nadu tax department had issued notice for Assessment Year 2019-20, where it had demanded a tax of "128.39 crore along with a penalty of "19.25 crore. While for AY 2022-23, the department has demanded a tax…...

1+ hour, 13+ min ago (345+ words) The Securities and Exchange Board of India (SEBI) is considering a proposal that could increase margin requirements for single-stock derivatives by 30-60 per cent on expiry days, as the regulator looks to align stock-derivative rules with index contracts, according to people familiar with the matter. The potential rise mirrors the margin offsets traders typically receive for calendar spreads. Clearing data shows that these offsets often reduce effective margins by one-third to over half for many stock-futures spreads. Removing the benefit on the day the contract expires would therefore require traders to post substantially more capital during market hours, instead of carrying the lower margin until the 3:30 pm close. Market participants say this could tighten expiry-day liquidity. Traders who run leveraged spread positions may need to unwind earlier in the session if they cannot bring in additional margin, leading to thinner order…...

2+ hour, 8+ min ago (226+ words) Under his leadership, Nippo'has'become'the country's'second-largest dry-cell'manufacturer producing'nearly 800'million batteries annually India Post rolls out "My Stamp" in honour of Nippo batteries founder P Obul Reddy Under his leadership, Nippo has become the country"s second-largest dry-cell manufacturer producing nearly 800 million batteries annually India Post has released a customised commemorative "My Stamp" honouring the birth centenary of industrialist and Nippo Batteries founder Pottipatti Obul Reddy. The stamp was unveiled by Manoj M., IPoS, Director of Postal Services, Chennai, in the presence of Prathap C Reddy, Founder & Chairman, Apollo Hospitals Group, during a special centenary celebration in Chennai. Obul Reddy was behind the Indo-Japanese collaboration with Matsushita (Panasonic) in 1972, leading to the founding of Indo National Ltd (Nippo Batteries). Under his leadership, Nippo became the country"s second-largest dry-cell manufacturer, producing nearly 800 million batteries annually. "P Obul Reddy"s work at Indo National…...

2+ hour, 56+ min ago (420+ words) The IMD on Sunday said cyclone Ditwah, positioned over the southwest Bay of Bengal, is likely to intensify rainfall across several districts of Andhra Pradesh. The system moved almost northwards during the past six hours and remained centred at latitude 11.4 degrees north and longitude 80.6 degrees east, close to the north Tamil Nadu-Puducherry coasts. "Cyclone Ditwah, currently located over the southwest Bay of Bengal, is expected to significantly enhance rainfall activity across multiple districts of Andhra Pradesh," the India Meteorological Department said in a release. The name 'Ditwah' suggested by Yemen, refers to a lagoon and likely comes from Detwah Lagoon, a large saline lagoon on Socotra's northwest coast. The cyclone is expected to continue moving along and off the Tamil Nadu-Puducherry coastline, remaining 30 to 70 km offshore and enhancing rainfall over Andhra Pradesh. North Coastal Andhra Pradesh (NCAP) and Yanam are…...

3+ hour, 31+ min ago (277+ words) As many as 11 persons were killed and over 25 injured on Sunday near here after two state-run buses collided head-on, police said. According to a senior district police official, all the 11 persons --8 women, 2 men and a child-- were killed on the spot in the accident that happened in the evening. The injured were rushed to state-run facilities for treatment, the senior official told PTI. Chief Minister MK Stalin expressed shock and grief over the accident and the loss of lives. The CM said he has directed the District Collector and Minister KR Periyakaruppan, the minister in-charge for the district, to render all help to the affected persons and ensure appropriate treatment to the injured. He also announced ex-gratia of Rs 3 lakh each to the families of the victims and Rs 1 lakh to those with serious injuries. The CM announced Rs 50,000 to…...

4+ hour, 5+ min ago (205+ words) Last year, as an unusually long dry spell gripped Kashmir, villagers across rural areas spoke of a quiet crisis unfolding beneath their feet. A video showing an elderly woman crying and pleading with the Achabal spring in south Kashmir's Anantnag district " then dried up " went viral, capturing local anxiety over vanishing water sources. Springs that had flowed for generations, some sustaining entire villages and farmlands, began to thin, trickle and finally vanish, leaving behind hollowed-out basins. It was in the wake of these concerns that a new approach began to take shape. The project aims to expand water availability for agriculture by strengthening harvesting systems and irrigation infrastructure, encouraging farmers to cultivate more land for crop and orchard production. Authorities say it may directly benefit more than 30,000 people across the block. District Magistrate Shopian, Shishir Gupta, said the initiative could…...

4+ hour, 14+ min ago (277+ words) IMD maintained the cyclone has managed to retain its status despite the wind field getting compromised due to proximity to land features along the coat. It had also slowed down in terms of speed of lateral movement after it left Jaffna at the northern tip of Sri Lanka. The cyclone is very likely to move northwards parallel to North Tamil Nadu-Puducherry coasts until Monday. The distance from coastline to the storm centre will have been reduced to a minimum of 30 km." The 24 hours ending Sunday morning saw heavy to very heavy rainfall being recorded in some places over Tamil Nadu, Puducherry and Karaikal, with isolated extremely heavy rainfall. The heaviest of the rain fell over southern parts of the State, including the Delta region." The IMD has forecast isolated to scattered rainfall accompanied with thunderstorms and lightning over Tamil Nadu,…...

4+ hour, 22+ min ago (282+ words) Hamdan Mohammad Rashed Al Hassani (UAE Entrepreneur, CEO of Skyline Solutions Real Estate) and Sreejith Kuniyil (Capitaire Founder) unveil "True Legacy, the consultancy focused on succession planning for the Indian market. Business consultancy firm Capitaire has launched True Legacy, a pioneering brand in India dedicated exclusively to succession planning for individuals, families and business owners. Sreejith Kuniyil, founder, Capitaire said succession planning was an important aspect of wealth protection that was widely neglected and it should be approached with the same seriousness as regulatory compliance and tax obligations. Not making a succession plan is in reality a financial crime against the family and dependents. When there is no succession plan, the consequence is that the government then decides ones legacy based on inheritance laws, Sreejith said. True Legacy was focussed exclusively on providing structured and transparent succession planning solutions. He…...

4+ hour, 47+ min ago (412+ words) As the European Union's (EU) sanctions deadline approaches, Indian refiners have started scouting for markets in Africa and Latin America, with diesel exports resuming to Sudan after more than a year. The EU's 18th sanctions package bans import of refined products made from Russian crude oil even if it is processed in a third country. The sanctions come into effect on January 21, 2026. Global real-time data and analytics provider Kpler noted a significant shift in India's refined product strategy with gasoil and diesel cargoes resuming to Sudan after a major hiatus. Analysts and trade sources have been indicating that Indian and Turkish refiners will be forced to redirect diesel cargoes away from Europe, potentially flooding alternative markets such as Africa, Latin America or Southeast Asia. "Indian-origin gasoil and diesel cargoes have resumed deliveries to Sudan after a hiatus of more than one…...

4+ hour, 51+ min ago (439+ words) According to the BAC schedule, the Manipur Goods and Services Tax (GST) Bill and the Central Excise Bills will each be discussed for three hours. Similarly, the Supplementary Demand for Grants has been allotted three hours of debate. The Health Cess Bill, which is scheduled for introduction this week, has been allocated six hours for discussion. The government has also proposed a 10-hour debate on the 'Vande Mataram' issue, though the Speaker will take the final decision on this. The House Business Advisory Committee (BAC) recommends the time to be allocated for business in the House. This Committee has Members from the ruling and opposition parties. Opposition parties have collectively demanded comprehensive discussions on various urgent issues during the session, which they argue should also be prioritised by the BAC. These issues include: Special Intensive Revision (SIR) of Electoral Rolls,…...