Business Standard
📝 Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
📝 Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
📝 Defence Ministry forms high-level panel to speed up Tejas jet deliveries
📝 CEAT Specialty expands globally, targets 70-30 export-domestic split
📝 India's IT sector must revamp biz, create own language models: HCLTech CEO
📝 Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
📝 DBS Bank to cut 10% workforce in 3 years as AI transforms operations
📝 Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
📝 India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
📝 Several APAC economies like India, Korea could face higher US tariffs: S&P
📝 India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA
Economic Times
📝 India’s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
📝 India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
📝 Apple plans Texas factory for AI servers, 20,000 research jobs
📝 Dabur India plans to invest Rs 550 crore in Madhya Pradesh
📝 Parle, Rasna anticipate double-digit growth this summer season
📝 Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
📝 India’s GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
📝 India sets strategic path for AI growth with nuclear energy investments
📝 India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
📝 26% equity mutual funds outperformed respective benchmarks in January
📝 Ashok Leyland targets ₹2,000 crore in savings with focus on leaner financial structure and profit growth
Mint
📝 Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
📝 Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
📝 India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
📝 Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
📝 Canadian banks expected to build reserves to cushion tariff uncertainty
📝 Byju’s insolvency: NCLT approves new resolution professional
📝 Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
📝 ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
📝 Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
📝 Amid global risks, Indian retail investors increase allocation to bonds, FDs
📝 EaseMyTrip to invest ₹200 cr for manufacturing electric buses in MP, says CEO.
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ℹ️ 𝗠𝗔𝗗𝗥𝗔𝗦 𝗛𝗜𝗚𝗛 𝗖𝗢𝗨𝗥𝗧 𝗜𝗡 𝗧𝗛𝗘 𝗖𝗔𝗦𝗘 𝗢𝗙 𝗠𝗲𝘁𝗮𝗺𝗼𝗿𝗳 𝗜𝗻𝘁𝗲𝗿𝗶𝗼𝗿𝘀 𝗮𝗻𝗱 𝗗𝗲𝘀𝗶𝗴𝗻𝗲𝗿𝘀 𝗣𝘃𝘁. 𝗟𝘁𝗱 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟳𝟰 𝗼𝗳 𝘁𝗵𝗲 𝗖𝗚𝗦𝗧 𝗔𝗰𝘁, 𝟮𝟬𝟭𝟳
✅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.
✅𝗖𝗼𝘂𝗿𝘁’𝘀 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻:
✅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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