Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reason

The Reserve Bank of India’s latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability…

The Delhi High Court is reviewing Natco Pharma’s challenge to a breast cancer drug patent. Natco alleges Novartis and Astex secured two patents for the same invention. This action, Natco claims, unlawfully extends patent protection for the Ribociclib molecule. The court will first determine the petition’s maintainability after legal arguments. The case has been scheduled…

Coal India has offered additional coal to power plants amid critically low stocks, with prolonged rains disrupting mining and transportation. As rainfall eases, production and coal evacuation are expected to improve.