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Supreme Court to hear challenge to MDR on UPI merchant payments above ₹2,000

• The Supreme Court will hear the plea on Monday
• The challenged MDR framework for UPI merchant payments above ₹2,000 is set to take effect October 15
• The outcome may affect Indian payment firms and merchants handling higher-value UPI transactions

Fortis distances itself from Daiichi-Singh dispute as Supreme Court permits forensic audit

• Fortis said it had no involvement in the Daiichi Sankyo-Singh brothers dispute
• The Supreme Court allowed the forensic audit to proceed
• Fortis shareholders may watch for any fallout from the audit despite the company denying involvement

US jury orders Apple to pay Taction Technology $5.7 billion in patent case

• Jury found Apple infringed two patents covering haptic technology used in iPhones and Apple Watches
• Apple plans to appeal the verdict

Why is Som Distilleries stock rising today? Ace investor Prashant Jain-backed liquor share jumps 7% on this key update

• Shares rose nearly 7% after the Madhya Pradesh High Court quashed the state's rejection of its excise licence renewal application
• A licence renewal win supports Som Distilleries’ operating outlook

Supreme Court allows independent forensic audit of Fortis transactions in Daiichi dispute

• The Supreme Court declined to interfere with Delhi High Court orders allowing the audit
• The dispute is linked to a ₹3,500 crore arbitral award in Daiichi Sankyo’s favour
• Audit scrutiny may affect Fortis Healthcare investors and the company’s governance outlook

Fortis says independent audit will establish non-involvement in Singh brothers’ share transfers

• Supreme Court cleared the way for an independent forensic audit of the share transfers
• The court said the Delhi High Court’s earlier observations were provisional
• The audit outcome may affect Fortis Healthcare’s governance and investor confidence

Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reason

ED attaches ₹442 crore in RummyCulture case; total assets reach about ₹2,843 crore

• Latest attachment is valued at ₹442 crore
• Total assets attached, frozen and seized reach about ₹2,843 crore
• The enforcement action raises regulatory risk for Indian real-money gaming companies

₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine gifts

• Chennai ITAT deleted a tax addition of ₹85.30 lakh on cash gifts
• Taxpayer produced gift deeds, donors’ ITRs and financial statements
• The ruling may guide Indian taxpayers facing scrutiny of family gifts

Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits

• An 89-year-old retired principal said ₹20.33 lakh in deposits were hostel fees collected for an education society
• He said only ₹2,251 was his own income

Fortis confident of clean chit from audit in Singh brothers’ dispute

• Fortis expects a clean chit from the audit in the Singh brothers’ dispute
• The Supreme Court allowed the audit to proceed while clarifying the Delhi High Court’s observations against Fortis
• The audit outcome may affect Fortis Healthcare’s governance and valuation

UK police arrest men on explosives act offenses after air base security stepped up-Sky