Courts Financial News

A federal judge has struck down a Missouri rule requiring disclosure of “social objectives” in investment decisions

TikTok has pushed back on arguments that the popular social media platform is not shielded by the First Amendment

Court of Arbitration for Sports' (CAS) verdict, Vinesh Phogat might have hinted at a comeback and a larger goal of 2032 Olympics through a social media post on Friday. Phogat shared an emotional message two days post CAS dismissing her appeal for a joint silver medal at the Paris Olympics 2024 after being disqualified for being 100 grams overweight moments before her gold medal bout. Following a disheartening disqualification from the wrestling final, Vinesh announced her retirement from the sport, citing a loss of strength and the inability to continue.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Kolkata Police Commissioner Vineet Goel on Friday asserted that the force was not trying to shield anyone and it tried to be as transparent as possible in the probe into the alleged rape and murder of a doctor at a state-run hospital here. Addressing a press conference, Goel also admitted that despite «sufficient security presence», the police did not expect the protesting crowd to turn violent outside RG Kar Hospital premises in the early hours of August 15, and were initially caught off-guard when a deputy commissioner-ranked officer got injured. The CP said that Kolkata Police has handed over all evidence, including videographed post-mortem to the CBI, which is investigating the case upon orders of the Calcutta High Court. «We are not shielding anyone, and police tried to be as transparent as possible in our probe. We have handed over all evidence related to the case to the CBI. Have faith in the central probe agency,» he said.

BRUSSELS—Apple has long kept a tight grip on its iPhone ecosystem. In Europe, its hold is starting to weaken. “Fortnite" maker Epic Games on Friday said it is launching an alternative app store for iPhone users in Europe.

A tribal leader and conservationists urged state officials to reject plans to relocate part of an aging northern Wisconsin pipeline, warning that the threat of a catastrophic spill would still exist along the new route

CBI that a few interns and physicians of the same medical establishment were involved in the crime, an officer said on Friday. The parents also provided the central agency, which is conducting the probe into the case on an order of the Calcutta High Court, with names of those who they suspect to be associated with their daughter's killing in the state-run hospital. «The parents told us that they suspect the involvement of multiple persons behind the sexual assault and murder of their daughter. They have given us names of a few interns and doctors working with their daughter at the RG Kar Hospital,» the CBI officer said.

WFI in its present form and prevent it from undertaking any activity as a national federation for the sport. While passing the interim order on the plea by celebrated wrestlers Bajrang Punia, Vinesh Phogat, Sakshi Malik and her husband Satyawart Kadian, Justice Sachin Datta said it was open to the Indian Olympic Association (IOA) re-constituting the committee. The wrestlers, who were at the forefront of last year's protest at Jantar Mantar demanding the arrest of outgoing Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh for alleged sexual harassment of seven women grapplers, had moved the high court earlier this year for setting aside and declaring as illegal the elections held to elect the office bearers of the federation held in December. Sanjay Singh, a Brij Bhushan loyalist, was elected the new WFI chief in the polls held on December 21, 2023.

Srinagar Assembly Elections 2024: Jammu and Kashmir will be holding its first assembly elections since the BJP-led central government abrogated Article 370, which gave the union territory a special status. The Election Commission is likely to announce dates for the assembly elections on Friday.

Taking Odisha's dues into account, the total arrears for mineral-rich states since 2005 are expected to exceed the industry estimate of Rs 1.5 lakh crore. This figure includes financial impacts for both public sector undertakings, estimated at Rs 70,000 crore, and private industries. Starting in April 2026, Odisha will receive these pending dues in installments spread over 12 years. Additionally, the state will collect an annual tax of approximately Rs 12,000 crore under the Orissa Rural Infrastructure and Socio-Economic Development (ORISED) Act, 2004, according to government sources. Odisha enacted the ORISED Act in February 2005, but it was struck down by the Odisha High Court later that same year. However, the Supreme Court's recent verdict overturned the High Court's decision. This law permits Odisha to levy up to 20% of the annual value of mineral-bearing land. Tata Steel, in a July 31 exchange filing, disclosed that it would owe Rs 17,300 crore in mineral tax to Odisha under the Supreme Court's ruling.

Lawyers for Walt Disney World are attempting to dismiss a wrongful death lawsuit over claims that the husband of a woman who died as a result of an allergic reaction cannot sue the company because he signed up for a free trial of Disney+.

TikTok told a federal appeals court on Thursday that the U.S. Department of Justice has misstated the social media app's ties to China, urging the court to overturn a law requiring China-based ByteDance to sell TikTok's U.S. assets or face a ban. TikTok, which has sued to overturn the law, said the Justice Department has made factual errors in the case. The department's lawyers said last month that the app poses a national security risk by allowing the Chinese government to collect the data of Americans and covertly manipulate what content they see. TikTok said on Thursday it is undisputed that the app's content recommendation engine and user data are stored in the US on cloud servers operated by Oracle and that content moderation decisions that affect US users are made in the US.

Election Commission of India, is likely to announce the schedule for upcoming Assembly elections in three states at 3pm today. India's election authority on Friday morning announced in a release that it would hold a press conference «to announce the schedule for General Election to Legislative Assemblies.» Elections are expected to be held for the legislative assemblies of Maharashtra, Haryana and Jharkhand in 2024, with the five-year terms of these states coming to an end. The BJP currently governs Haryana independently and leads a coalition government in Maharashtra, with the support of the Eknath Shinde faction of the Shiv Sena. In Jharkhand, power rests with the Soren family-led Jharkhand Mukti Morcha-Congress alliance. The BJP is expected to announce the first list of assembly candidates for all three states later this month, sources informed ET. The party is reportedly preparing to reveal 30-35 candidates for Maharashtra, around 20 for Haryana, and 25 for Jharkhand.

Nevada gaming regulators have accused the Resorts World casino of turning a blind eye to illegal bookmaking

A wrongful death lawsuit against Walt Disney Parks and Resorts is serving as a reminder to consumers the importance of reading the fine print when signing up for a streaming service or smartphone app

Prosecutors say a Jordanian man living in central Florida caused hundreds of thousands of dollars in damage at a solar power facility and vandalized multiple private businesses over their perceived support for the state of Israel

A Florida insurance agent and his Georgia-based business built up a $300 million Ponzi scheme funded by more than 2,000 unwitting investors, the SEC said in charges filed this week.

US court has slapped Vedanta Group-backed optic fibre manufacturer Sterlite Technologies (STL) with damages of $96 million (around ₹806 crore) for trade-related rights infringements involving American rival Prysmian. STL, in a statement, said it will «aggressively» challenge the verdict. The company, in which mining group Vedanta led by Anil Agarwal holds a 25% stake posted a loss of ₹82 crore in the first quarter of fiscal 2025, on revenue of ₹1,140 crore. After a three-year battle, a South Carolina jury, on August 9, found that Sterlite was in illegal possession of Prysmian's trade secrets including customers, new products and manufacturing expansion plans.

Supreme Court's verdict on Wednesday enabling state governments to tax mining and related activities retrospectively with respect to transactions made after April 1, 2005, could have a far-reaching impact on input costs across the economic value chain and create stresses in federalism. The most affected area would be electricity, where the higher cost of mining coal would eventually feed into prices overall. If tariffs are deliberately suppressed for political reasons, as the historical record suggests, stress will grow in the power industry, affecting capacity building. Majority of the country's states are coal-deficient and will make a case for higher imports, thereby affecting the country's trade balance. Although most of these effects will show up over time, and can be mitigated with policy correction, retrospective tax on minerals could have a more immediate impact on the health of mining companies and supply-side inflation.

Mamata Banerjee said on Friday that 'Ram and Baam' (BJP-CPIM) were responsible for creating the mayhem at RG Kar Hospital on Wednesday night. «Whatever I have seen in the videos...some had the national flag, who are from the BJP, while someone was carrying a DYFI flag,» she said, speaking on the attack at the hospital. She added that fake videos were doing the rounds on social media and urged all to be cautious about such videos. «I am not blaming the students. Some outsider political party elements 'Baam and Ram' (Left and BJP) have come together to make the disturbance. The incident is unfortunate. We will hold a protest procession to demand capital punishment of the accused,» Banerjee said.