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Instant Finance Updates

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we are providing instant updates related to finance, including , GST, Income Tax, Roc, IBC and various case laws of Income Tax and GST. Managed by - @teamIFU For any Suggestion, queries, PROMOTIONS Ping on @teamIFU

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Back from the brink of extinction, the GI-tagged Rasabale Banana is making a slow and sure comeback. It's grown in the Nanjan
Back from the brink of extinction, the GI-tagged Rasabale Banana is making a slow and sure comeback. It's grown in the Nanjangud belt of Mysuru district of Karnataka. (TOI)

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If you're walking, standing, sitting, or even sleeping on the pavement, and you get hit by a vehicle, it's the fault of the v
If you're walking, standing, sitting, or even sleeping on the pavement, and you get hit by a vehicle, it's the fault of the vehicle driver, says the Delhi High Court. (TOI)

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The cybercrimes continue... in different forms. A 28-year old woman fell to a fake loan scam that cost her ₹48.5 lakhs. (TOI)
The cybercrimes continue... in different forms. A 28-year old woman fell to a fake loan scam that cost her ₹48.5 lakhs. (TOI)

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Remember that $81 billion deal where Paramount Skydance beat Netflix to get Warner Bros. Discovery? Well, it's stalled till t
Remember that $81 billion deal where Paramount Skydance beat Netflix to get Warner Bros. Discovery? Well, it's stalled till the middle of next year! (WSJ)

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The crisis in West Asia is far from over. Both sides have been regularly striking a number of targets across the region. (WSJ
The crisis in West Asia is far from over. Both sides have been regularly striking a number of targets across the region. (WSJ)

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Measles cases in the US in the first seven months of 2026, have reached a decade high! MMR vaccination rates among kindergart
Measles cases in the US in the first seven months of 2026, have reached a decade high! MMR vaccination rates among kindergarten kids have been falling in some US States like Utah and South Carolina, contributing to a majority of these cases. (WSJ)

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Meet George Yancopoulous, co-founder and Chief Scientific Officer of the 4 decade old, Regeneron Pharmaceuticals. He has 1,00
Meet George Yancopoulous, co-founder and Chief Scientific Officer of the 4 decade old, Regeneron Pharmaceuticals. He has 1,000 patents to his name and has decided to give away the latest invention for free... a gene therapy that restores hearing to children born of a rare genetic disease.(WSJ)

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The EU has fined Alphabet's Google $1 billion for breaching its digital competition rule. It said Google unfairly favoured it
The EU has fined Alphabet's Google $1 billion for breaching its digital competition rule. It said Google unfairly favoured its own services on its search engine and also restricted app developers from steering users to go outside Google Play Store. (WSJ)

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The Manipal (Hospital group) IPO will be India's biggest in health care. Over half of the ₹9,275 crore being raised will go t
The Manipal (Hospital group) IPO will be India's biggest in health care. Over half of the ₹9,275 crore being raised will go towards repaying its borrowings. (BS)

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Credit Card spending crossed the ₹2 trillion mark, in June - the 2nd month in a row. HDFC Bank, the country's largest credit
Credit Card spending crossed the ₹2 trillion mark, in June - the 2nd month in a row. HDFC Bank, the country's largest credit card issuer posted a 16.2% y-o-y gain. (BS)

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How has India fared since the liberalisation of its economy in 1991? This is a neat comparison with its peers: South Korea, C
How has India fared since the liberalisation of its economy in 1991? This is a neat comparison with its peers: South Korea, China, Vietnam, Thailand, etc. Per capita GDP in USD current prices has increased nine-fold! (BS)

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There are Courts and then there are: Fast Track Courts and also Fast Track Special Courts. But the pendency in those "faster"
There are Courts and then there are: Fast Track Courts and also Fast Track Special Courts. But the pendency in those "faster" ones has also been increasing! There are 880 such fast courts, and the overall pendency is 1.33 million cases! UP accounted for 72% of pending cases. (BS)

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The Supreme Court has barred posting of its proceedings on social media, without prior permission. This comes after a video c
The Supreme Court has barred posting of its proceedings on social media, without prior permission. This comes after a video clip of a litigant throwing his legal papers and hurling abuses went viral. (BS)

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He ordered an iPhone online from Flipkart, and was delivered beard growth oil instead! The District Consumer Court awarded hi
He ordered an iPhone online from Flipkart, and was delivered beard growth oil instead! The District Consumer Court awarded him ₹2.14 lakhs as compensation. Flipkart didn't appear in the proceedings. (TOI)

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41 million Indian children are already overweight or obese! How much more junk food (ultra processed snacks, and sugary drink
41 million Indian children are already overweight or obese! How much more junk food (ultra processed snacks, and sugary drinks) are we going to keep feeding them? (TOI)

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Umbergaon in Gujarat received 1,064 mm of rainfall in 24-hours! That's like 10 times the highest rainfall received in Bengalu
Umbergaon in Gujarat received 1,064 mm of rainfall in 24-hours! That's like 10 times the highest rainfall received in Bengaluru (remember June 2024?) When Mumbai was flooded on 26th July 2005 (I was there!), it had received 944 mm. It's also the 3rd highest rainfall recorded in India. (TOI)

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Sandeep Kalra, CEO of Persistent Systems emerged as the highest paid CEO for FY26. ₹388.58 crore, up 162%! As Amitabh Bachcha
Sandeep Kalra, CEO of Persistent Systems emerged as the highest paid CEO for FY26. ₹388.58 crore, up 162%! As Amitabh Bachchan says in KBC, "Kya karenge iss dhan raashi ka?" He's right... it's what you do, with what(ever) you have that really matters! (FE)

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Oil prices and supply have not yet stabilised. Shipping routes are still choked. Risk is higher and Freight rates are up. Bra
Oil prices and supply have not yet stabilised. Shipping routes are still choked. Risk is higher and Freight rates are up. Brace yourselves for higher prices in coming months. (FE)

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British digital bank, Revolut, is boosting its valuation to $115 billion. The startup launched a secondary share sale at a pr
British digital bank, Revolut, is boosting its valuation to $115 billion. The startup launched a secondary share sale at a price of $2,017 per share. For context, UK's largest bank, Barclays, has a valuation of $95 billion. Your thoughts?? (WSJ)

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OpenAI is scaling up its data centre ambitions. Projected spending by 2030 has gone up to $750 billion! (WSJ)
OpenAI is scaling up its data centre ambitions. Projected spending by 2030 has gone up to $750 billion! (WSJ)