Business Standard
๐ Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
๐ Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
๐ Defence Ministry forms high-level panel to speed up Tejas jet deliveries
๐ CEAT Specialty expands globally, targets 70-30 export-domestic split
๐ India's IT sector must revamp biz, create own language models: HCLTech CEO
๐ Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
๐ DBS Bank to cut 10% workforce in 3 years as AI transforms operations
๐ Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
๐ India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
๐ Several APAC economies like India, Korea could face higher US tariffs: S&P
๐ India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA
Economic Times
๐ Indiaโs IT industry to hit $300-billion revenue mark in FY26: Nasscom report
๐ India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
๐ Apple plans Texas factory for AI servers, 20,000 research jobs
๐ Dabur India plans to invest Rs 550 crore in Madhya Pradesh
๐ Parle, Rasna anticipate double-digit growth this summer season
๐ Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
๐ Indiaโs GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
๐ India sets strategic path for AI growth with nuclear energy investments
๐ India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
๐ 26% equity mutual funds outperformed respective benchmarks in January
๐ Ashok Leyland targets โน2,000 crore in savings with focus on leaner financial structure and profit growth
Mint
๐ Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
๐ Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
๐ India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
๐ Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
๐ Canadian banks expected to build reserves to cushion tariff uncertainty
๐ Byjuโs insolvency: NCLT approves new resolution professional
๐ Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
๐ ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
๐ Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
๐ Amid global risks, Indian retail investors increase allocation to bonds, FDs
๐ EaseMyTrip to invest โน200 cr for manufacturing electric buses in MP, says CEO.
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โน๏ธ ๐ ๐๐๐ฅ๐๐ฆ ๐๐๐๐ ๐๐ข๐จ๐ฅ๐ง ๐๐ก ๐ง๐๐ ๐๐๐ฆ๐ ๐ข๐ ๐ ๐ฒ๐๐ฎ๐บ๐ผ๐ฟ๐ณ ๐๐ป๐๐ฒ๐ฟ๐ถ๐ผ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ถ๐ด๐ป๐ฒ๐ฟ๐ ๐ฃ๐๐. ๐๐๐ฑ ๐ฆ๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐ณ๐ฐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐๐ฆ๐ง ๐๐ฐ๐, ๐ฎ๐ฌ๐ญ๐ณ
โ
The petitioner challenged the order dated 25.04.2024, alleging a lack of sufficient opportunity to file a reply and attend a personal hearing.
โ
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.
โ
The petitioner became aware of the notice only after the hearing date had lapsed, leading to the impugned order being passed without due consideration.
โ
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.
โ
The rapid timelineโnotice on 22.04.2024, hearing on 23.04.2024, reply submission by 24.04.2024, and order on 25.04.2024โwas deemed unreasonable.
โ
๐๐ผ๐๐ฟ๐โ๐ ๐๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ป:
โ
The impugned order dated 25.04.2024 is set aside.
โ
The matter is remanded for reconsideration.
โ
The petitioner may file a manual reply within two weeks.
โ
The respondent must provide a 14-day notice for a personal hearing and decide the matter per law.
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