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Australia sues Microsoft over AI-linked subscription price hikes

Australia’s competition regulator has sued Microsoft. The company is accused of misleading millions of customers. This happened after bundling its Microsoft 365 software with the AI tool Copilot. Customers were allegedly pushed to higher-priced plans. The regulator claims Microsoft did…

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‘May’ isn’t ‘shall’ penalty not the norm in black money law: ITAT

In a groundbreaking decision, the Income Tax Appellate Tribunal has opened doors for taxpayers, clarifying that penalties for unreported offshore assets are not a given. Tax officers now have the latitude to evaluate each case uniquely, allowing for leniency in…

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Uttarakhand to levy green tax on out-of-state vehicles from December

Uttarakhand will implement a green tax on vehicles entering the state starting in December to combat pollution and promote environmental protection. Different rates will apply to various vehicle types, with collection facilitated by ANPR cameras and automated deductions via the…

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Will RBI’s proposed M&A financing rules ignite a surge in domestic deal-making?

The entry of banks into the M&A financing space introduces increased competition, potentially leading to more favorable lending terms for borrowers, which could result in lower financing costs and more attractive deal structures.

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India faces challenges in local rare earth production amidst China’s export restrictions

While Germany and Japan offer alternatives, their equipment is considerably more expensive, potentially affecting project viability. The scheme is awaiting cabinet approval.

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SMBC to share its global learning with Yes Bank, help raise the bar: CEO

Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to their future. He conveyed a message of confidence regarding job security and anticipated growth, following SMBC’s recent acquisition of…

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UPI payment failed but money debited? Banks must refund and pay ₹100 per day compensation under RBI rules
The Reserve Bank’s framework on turnaround time and customer compensation for failed transactions sets clear deadlines. Here is all you need to know.
EPFO news: Opportunity to settle EPF damage cases at reduced rates with VISHWAS 2026 - check eligibility
VISHWAS 2026 is a one-time settlement scheme that lets employers resolve disputes over damages levied for delayed Provident Fund contributions. Several High Courts have directed or encouraged employers to use the scheme to close pending litigation.
Income Tax Form 141 covers property sales, rent, contractor payments and more: Details here
Form 141 is intended to streamline TDS reporting and payment for transactions involving immovable property, rent, payments to contractors or professionals, and transfers of virtual digital assets (VDAs).
Husband earning ₹85,000 a month to pay ₹36.25 lakh after divorce: Patna High Court cites ‘reciprocal cruelty’
A division bench of Justices Rana Vikram Singh and Bibek Chaudhuri passed the order on October 9. Along with upholding the divorce, the court directed the husband to pay his estranged wife ₹36.25 lakh as permanent alimony.
How return comparisons can mislead investors: Focused mutual funds hold just 30 stocks but benchmark against Nifty 500
Focused mutual funds hold up to 30 stocks but typically benchmark against the Nifty 500 TRI or BSE 500 TRI. Experts explain why this comparison can mislead investors, whether style-based benchmarks are needed, and how to assess returns, downside risk and stock selection.
Dhanteras shopping: A complete guide to buying gold, diamond jewellery safely
A BIS hallmark provides information about the purity of the gold in a jewellery article. It does not, by itself, certify the quality, authenticity or origin of every diamond or gemstone set in the piece.
New Form 141 replaces 4 TDS forms for property buyers, rent payments and VDAs: What changed under Income Tax Act 2025
The Income-tax Act, 2025, effective April 1, 2026, introduces Form 141 to consolidate four TDS forms. Applicable from Tax Year 2026–27, it covers specified property purchases, rent, contractor and professional payments, and virtual digital asset transfers. Here are the thresholds and filing rules.
Senior Citizen FD rates Oct 2026: Earn up to 8.5% interest | Public, private banks and SFB fixed deposit rates compared
Senior citizens can earn up to 8.5% interest on fixed deposits in October 2026. Small finance banks offer the highest rates, followed by private and public sector banks. Here is a comparison of top FD rates across banks for 1-year, 3-year, and 5-year tenures.
Insurance regulation: Reform must strengthen the market, not weaken its foundations
Proposed changes to insurance commissions could reshape distribution, jobs and access to protection. Reform must be backed by evidence of lower costs and better consumer outcomes.
Paid ₹1.15 lakh to move goods to Nagaland, got damaged TV and 23 missing items; what did consumer commission order?
After her belongings were delayed, damaged and partly lost during a Delhi-to-Nagaland move, Longchar sought compensation. The consumer commission held the movers deficient in service and rejected Urban Company’s claim that it was merely an intermediary.