Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    IICA’s Meet the Legend Programme Explores ‘PMLA–IBC Interface’
    IICA hosts important session on ‘IBC as an Evolving Law Through the Amendments’,.
    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    US tariffs on Indian goods: A Chronology
    Graft case: Kerl BJP chief alleges 'fixed match' between Congress, CPM
    India's FTAs opening new career opportunities for youth: PM Modi
    AutomationEdge Launched Assist-Edge at Global Fintech Fest 2026, Redefining How Enterprises Build and Scale Automation
    BC.GAME's BC Engine Rewards Surpass $8.6 Million as Ecosystem Growth Accelerates
    NLMC’s 21st Board Meeting Reviews progress of monetisation programme; stresses on Accelerated Asset Monetisation;
    IDFC FIRST Bank introduces Zero Forex Markup across all its Credit Cards, existing and new.
    India's forex reserves drop by USD 4.924 billion to USD 780.782 billion: RBI data
    Govt eases sugar stockholding limit for bulk users to 30 days ahead of festive season
    25th Meeting of SCO Ministers Responsible for Economic and Foreign Trade Activities Held in Tajikistan
    India–Nepal Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to Control Unauthorised Trade Meets in New Delhi
    OnEMI Technology Solutions Limited’s Board Approves Fundraise of approximately ₹832 Crore through a Preferential Issue of Securities
    CGST Delhi South officers bust firm in fraudulent availment of ITC involving over Rs. 25.22 crore; proprietor arrested
    Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sep 17 on higher advance tax mop-up
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 20, 2026
Show AI Summary
Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
Show AI Summary
Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
September 19, 2026
Show AI Summary
Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
Show AI Summary
Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
Show AI Summary
Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
Show AI Summary
PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
Show AI Summary
Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
Show AI Summary
AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
Show AI Summary
Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
Show AI Summary
Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
Show AI Summary
Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
Show AI Summary
Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
Show AI Summary
Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
Show AI Summary
Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
Show AI Summary
Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
Show AI Summary
Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
Show AI Summary
Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
Show AI Summary
Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Rustomjee Group Partners with Mercedes-Benz India for a Celebration of Heritage and Craftsmanship at the Mercedes-Benz Classic Car Rally 2025

November 19, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Mumbai, 19th November 2025: Rustomjee Group, one of Mumbai’s leading real estate developers, partnered for the Mercedes-Benz Classic Car Rally (MBCCR) 2025, held on 15th and 16th November at the Taj Lands End, Mumbai. This two-day celebration brought together over 70+ vintage and classic Mercedes-Benz models, ranging from pre-war legends to modern classics, along with collectors, design connoisseurs, and cultural icons. The collaboration between Rustomjee, Autocar and Mercedes-Benz was not merely about luxury and elegance; it was about shared values and a mutual commitment to excellence, craftsmanship, and timeless beauty. Rustomjee’s philosophy has always centered around creating spaces that go beyond the ordinary, spaces that foster community, elevate lifestyles, and embody sustainability. Similarly, Mercedes-Benz, a global symbol of automotive engineering and innovation, crafts vehicles that transcend time, blending cutting-edge technology with aesthetic beauty. Autocar, with its legacy of shaping automotive culture through thoughtful storytelling and expert curation, mirrors this ethos by celebrating design, innovation, and experiences that leave a lasting impression.

This partnership speaks to a deep-rooted connection between brands that focus on more than just their products, they focus on creating experiences that resonate with those who appreciate the finer things in life. Mercedes-Benz has long been known for its iconic status in the world of automobiles, with each model representing a blend of art, engineering, and performance. Rustomjee shares this ethos, building homes and spaces that are not only built with precision but designed to stand the test of time. Together, they share a belief that true luxury is not just about exclusivity but also about creating something that will endure, elevate communities, and leave a lasting legacy.

Highlighting the spirit of the event, Mr. Chandresh Mehta, Executive Director, Rustomjee Group, said, “At Rustomjee, we believe that subtle luxury is rooted in enduring legacy, flawless craftsmanship, and reliable service to the communities we strive to delight. Our partnership with Mercedes-Benz India and Autocar for the Classic Car Rally 2025 reflects this shared commitment to experiences that endure. Having the opportunity to felicitate the Maharaja of Udaipur HH Lakshyaraj Singhji Mewar was a humbling reminder of India’s rich history and heritage which continue to inspire us. This weekend was more than a celebration of classic automobiles; it was a celebration of timeless values. And at Rustomjee, these values guide us as we continue to craft spaces designed to stand the test of time.” The weekend itself was a testament to this belief. It was not only a celebration of the enduring beauty of classic cars but also an opportunity for like-minded individuals to gather, share stories, and experience a world where legacy and quality are prioritized. The event began with ‘The Showcase,’ an open-air exhibition that transformed the lawns of Taj Lands End into a living museum of motoring art, followed by ‘Dine with the Stars,’ an exclusive evening where automobile enthusiasts, business leaders, and tastemakers came together to celebrate shared passions for design, culture, and innovation. The weekend culminated in the rally, where over 100 classic Mercedes-Benz cars cruised along Mumbai’s scenic coastline, offering a rare glimpse into the history of automotive artistry.

Reflecting on the partnership, Mr. Percy Chowdhry, Executive Director, Rustomjee Group, remarked, "The Mercedes-Benz Classic Car Rally 2025 was a truly remarkable celebration of heritage, craftsmanship, and timeless elegance. Witnessing over 70 iconic Mercedes-Benz classics grace Mumbai's landscape was a reminder that true luxury is built to endure. At Rustomjee, we resonate deeply with this philosophy, whether it is a vintage automobile or a thoughtfully crafted home, what we create today should stand as a testament to quality and vision for generations to come. It was an honour to partner with Mercedes-Benz and Autocar in bringing together a community of connoisseurs who appreciate the finer things in life. This event perfectly encapsulated what we strive for every day: creating experiences and spaces that leave a lasting legacy." Rustomjee’s partnership with Mercedes-Benz went beyond participation, it was an active embodiment of the brand’s core values. Rustomjee’s commitment to community-building was reflected in its involvement in the Community Table Dinner, a fireside conversation with global automotive thought leaders, and its presence at the flag-off ceremony of the rally. It was a symbol of Rustomjee’s unwavering belief in the importance of collaboration, vision, and purpose in shaping a future that respects heritage while continuously striving for progress.

The event was graced by eminent personalities, including Ashish Shelar, Cabinet Minister for IT & Cultural Affairs, Government of Maharashtra; Pratapsinh Gaekwad of the Royal Family of Baroda; and the Maharaja of Gondal, along with the Maharaja of Udaipur. The gathering of renowned business leaders such as Viveck Goenka, MD, Indian Express Group; Yohan Poonawala, Chairman & MD, Poonawala Engineering Group; Gautam Singhania, MD, Raymond Group; and Hormusji Kama, Chairman & MD, Mumbai Samachar, reinforced MBCCR’s stature as a premier celebration of legacy and timeless design. During the event, Chandresh Mehta, Executive Director at Rustomjee Group also felicitated Lakshyaraj Singh Mewar, the Maharaja of Udaipur, adding a distinguished highlight to the ceremony.

For Rustomjee, the collaboration with Mercedes-Benz was about more than just the event itself. It was a natural extension of its values, celebrating excellence, fostering community, and continuously striving to create enduring legacies. The rally flag-off was not just a ceremonial moment; it was a reflection of Rustomjee’s commitment to not only shaping the skyline of Mumbai but also shaping the future of those who choose to live, drive, and invest in luxury that lasts.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

Topics

Acts Income Tax