Tuesday, 25 February 2025

25 February 2025 News

25th February 2K25

Business Standard

๐Ÿ“ Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
๐Ÿ“ Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
๐Ÿ“ Defence Ministry forms high-level panel to speed up Tejas jet deliveries
๐Ÿ“ CEAT Specialty expands globally, targets 70-30 export-domestic split
๐Ÿ“ India's IT sector must revamp biz, create own language models: HCLTech CEO
๐Ÿ“ Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
๐Ÿ“ DBS Bank to cut 10% workforce in 3 years as AI transforms operations
๐Ÿ“ Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
๐Ÿ“ India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
๐Ÿ“ Several APAC economies like India, Korea could face higher US tariffs: S&P
๐Ÿ“ India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA

Economic Times

๐Ÿ“ India’s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
๐Ÿ“ India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
๐Ÿ“ Apple plans Texas factory for AI servers, 20,000 research jobs
๐Ÿ“ Dabur India plans to invest Rs 550 crore in Madhya Pradesh
๐Ÿ“ Parle, Rasna anticipate double-digit growth this summer season
๐Ÿ“ Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
๐Ÿ“ India’s GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
๐Ÿ“ India sets strategic path for AI growth with nuclear energy investments
๐Ÿ“ India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
๐Ÿ“ 26% equity mutual funds outperformed respective benchmarks in January
๐Ÿ“ Ashok Leyland targets ₹2,000 crore in savings with focus on leaner financial structure and profit growth

Mint

๐Ÿ“ Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
๐Ÿ“ Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
๐Ÿ“ India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
๐Ÿ“ Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
๐Ÿ“ Canadian banks expected to build reserves to cushion tariff uncertainty
๐Ÿ“ Byju’s insolvency: NCLT approves new resolution professional
๐Ÿ“ Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
๐Ÿ“ ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
๐Ÿ“ Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
๐Ÿ“ Amid global risks, Indian retail investors increase allocation to bonds, FDs
๐Ÿ“ EaseMyTrip to invest ₹200 cr for manufacturing electric buses in MP, says CEO.
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โ„น️ ๐— ๐—”๐——๐—ฅ๐—”๐—ฆ ๐—›๐—œ๐—š๐—› ๐—–๐—ข๐—จ๐—ฅ๐—ง ๐—œ๐—ก ๐—ง๐—›๐—˜ ๐—–๐—”๐—ฆ๐—˜ ๐—ข๐—™ ๐— ๐—ฒ๐˜๐—ฎ๐—บ๐—ผ๐—ฟ๐—ณ ๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ถ๐—ผ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐——๐—ฒ๐˜€๐—ถ๐—ด๐—ป๐—ฒ๐—ฟ๐˜€ ๐—ฃ๐˜ƒ๐˜. ๐—Ÿ๐˜๐—ฑ ๐—ฆ๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐Ÿณ๐Ÿฐ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—–๐—š๐—ฆ๐—ง ๐—”๐—ฐ๐˜, ๐Ÿฎ๐Ÿฌ๐Ÿญ๐Ÿณ

✅The petitioner challenged the order dated 25.04.2024, alleging a lack of sufficient opportunity to file a reply and attend a personal hearing. 

✅Despite submitting a reply in Form DRC-06 on 15.02.2024, the respondent issued Reminder Notice No.3 on 22.04.2024, stating the reply was unclear and requiring a manual submission by 24.04.2024, with a hearing fixed on 23.04.2024. 

✅The petitioner became aware of the notice only after the hearing date had lapsed, leading to the impugned order being passed without due consideration.

✅The Court found that the respondent failed to provide a fair opportunity and should have issued a notice through RPAD or other accessible modes instead of merely uploading it online. 

✅The rapid timeline—notice on 22.04.2024, hearing on 23.04.2024, reply submission by 24.04.2024, and order on 25.04.2024—was deemed unreasonable.

✅๐—–๐—ผ๐˜‚๐—ฟ๐˜’๐˜€ ๐——๐—ฒ๐—ฐ๐—ถ๐˜€๐—ถ๐—ผ๐—ป:

✅The impugned order dated 25.04.2024 is set aside.
✅The matter is remanded for reconsideration.
✅The petitioner may file a manual reply within two weeks.
✅The respondent must provide a 14-day notice for a personal hearing and decide the matter per law.
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