The Court reiterated that an 'intermediary' is one who merely 'arranges or facilitates' a supply, whereas the respondent was directly supplying marketing and consultancy services to the foreign universities, who were the recipients and payors of the commission

The Supreme Court dismissed the Rs. 244 crores service tax demand against Bharti Airtel, upholding the CESTAT ruling that employee call waivers under its internal scheme are not taxable

SEBI has eased IPO rules by allowing more anchor investors, reserving 40% of the anchor quota for Indian institutions like mutual funds, insurers, and pension funds, and clarifying their eligibility.