Courts Financial News

Supreme Court on Wednesday delivered its judgment on a cluster of petitions seeking an 'independent investigation' into allegations, levelled by US short-seller Hindenburg Research, related to stock manipulation and accounting fraud against the Adani group of companies. By refusing to transfer the ongoing Sebi probe to a special investigation team (SIT), the apex court has backed the domain authority of the markets regulator and reposed faith in it to see the matter to a conclusion. Any closure, as the court reminded, to the ongoing investigation would come after Sebi completes its investigations, for which it has now got an extended deadline by three months.

Supreme Court imposing a stay on an office memorandum issued by the Environment Ministry allowing ex post facto environmental clearance, Congress general secretary Jairam Ramesh on Wednesday said it is only a partial relief and the government decision should be struck down completely. The top court has imposed a stay on the government decision allowing ex post facto environmental clearance, which permits projects to carry out operations without getting environmental clearances.

Employees' Provident Fund Organisation (EPFO) on Wednesday said it has extended the last date for employers to upload wage details for higher pension by five months. The extension of time for the employers to upload the wage details online is till May 31, 2024, said the Ministry of Labour and Employment in a statement. Earlier, the deadline to upload wage details for higher contributions was December 31, 2023.

arson, robbery and rioting, saying the charges were proved beyond a reasonable doubt. The court also held another accused guilty of dishonesty and receiving stolen property. Additional Sessions Judge Pulastya Pramachala was hearing a case against Noor Mohammad alias Noora and Nabi Mohammad.

marriage. The divorce filing was made by Abasolo at the Los Angeles County Superior Court on Tuesday, citing «irreconcilable differences» as the reason for their separation. The couple, who had been living separately since Sunday, made the announcement through Abasolo's Instagram statement. He expressed, «After more than 4 years of marriage, Rachel and I have made the difficult decision to part ways and start anew. Sometimes loving yourself and your partner means you must let go.» Lindsay, on the other hand, has not directly addressed the matter on her social media platforms but hinted at a challenging year in a New Year's Eve post.

Salman Rushdie's plans to publish a book about a 2022 attempt on his life may delay the trial of his alleged attacker, which is scheduled to begin next week, attorneys said Tuesday. Hadi Matar, the man charged with repeatedly stabbing Rushdie as the author was being introduced for a lecture, is entitled to the manuscript and related material as part of his trial preparation, Chautauqua County Judge David Foley said during a pretrial conference. Foley gave Matar and his attorney until Wednesday to decide if they want to delay the trial until they have the book in hand, either in advance from the publisher or once it has been released in April. Defense attorney Nathaniel Barone said after court that he favored a delay but would consult with Matar.

₹5,000 crore, through a public issuance of non-convertible debentures. These debentures, each with a face value of Rs. 1,000, are set to be issued in one or more tranches, the company informed the exchange houses.

Delhi High Court Wednesday refused to put a stay on the bail order passed by a lower court, releasing the three Vivo executives, including its Interim chief executive, after the enforcement directorate appealed against it on Tuesday. The court, while hearing the matter, observed that there are now sufficient safeguards in place to prevent the three executives that includes Chinese national and chief executive Hong Xuquan, chief financial officer Harender Dahiya and tax consultant Hemant Munjal from absconding. Further, to allay the apprehension of the ED, the court ordered the three to appear at the ED office everyday till the high court hearing comes up.

V Senthil Balaji, arrested by the Enforcement Directorate (ED) last year in a money laundering case, on Wednesday moved a city court seeking bail. Principal Sessions Judge S Alli, before whom the bail petition filed by Balaji came up for hearing, posted to January 8, further hearing of the case, after ED's counsel N Ramesh sought time to file a counter affidavit. In his petition, the DMK leader submitted that the Enforcement Directorate was not able to identify and cannot identify the ill-gotten sources of income as the same remain unavailable or the petitioner has no other source of income than the disclosed one.

Reuters, the Election Commission of Pakistan (ECP) initiated contempt proceedings against Khan and other former leaders of his Pakistan Tehreek-e-Insaf (PTI) party. The development came days after Khan's nomination for the February 8 general elections was rejected by the Pakistan's poll body.

NEW DELHI : The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be "extraordinarily generous" to SEBI and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue. In a relief to the Adani Group, the Supreme Court refused to transfer the probe into the allegations of stock price manipulation by the Indian corporate giant to a special investigation team and directed market regulator SEBI to complete its probe into two pending cases within three months.

AAP leader Sanjay Singh to pay Rs 1 lakh in damages to former Uttar Pradesh minister Mahendra Singh in a defamation case. In an order, Civil Judge (Senior Division) Kamla Kant Gupta directed the AAP MP to pay the damages within two months, following which an interest of six per cent will be imposed on the amount.

MenoLabs business, a leading women’s health and dietary supplement branded portfolio from Amyris through Chapter 11 bankruptcy proceeding in the US Bankruptcy Court for the District of Delaware for $3 million. Dr. Reddy’s acquired the entire MenoLabs supplements portfolio which includes seven branded products to treat perimenopause and menopause. Brands include MenoFit and MenoGlow probiotics, Happy Fiber and Well Rested dietary supplements, Athena’s Shield menopause support supplement, and Goodness Glow and Keep Glowing Gorgeous supplements for healthy aging support. The deal also includes the MenoLife health tracker app which supports the product line and provides community, education, and information to consumers regarding menopause. MenoLabs portfolio of products is sold in the United States, primarily through the brand’s own and other e-commerce marketplaces including Amazon and Walmart. “The MenoLabs acquisition will serve as a catalyst to accelerate growth in this space and build upon our aspiration to lead in the fast-growing women’s nutritional and wellness markets,” said Marc Kikuchi, CEO for Dr.

₹1,304 in the initial trading hours on January 3. This surge followed the company's announcement of acquiring an Israel-based firm. The acquisition of Libra Merger Ltd marks Sun Pharma's second venture in Israel, following the notable acquisition of Taro Pharma.

In a decision that may shape the future of artificial intelligence (AI) and patent law, the UK Supreme Court has ruled against Dr. Stephen Thaler in a landmark case concerning the role of AI in inventing. Dr. Thaler, who created the AI system DABUS (Device for the Autonomous Bootstrapping of Unified Sentience), sought to have DABUS recognized as the inventor of two patents — a food container and a light beacon​​​​.

LONDON (Reuters) — Fines imposed by Russian courts on Alphabet (NASDAQ:GOOGL)'s Google and YouTube, Meta, TikTok and Telegram appear to have been settled as the companies are no longer registered as debtors in the state bailiffs' database.

sexual harassment complaint against former WFI chief and BJP strongman Brij Bhushan Sharan Singh, a raft of cases related to the alleged excise policy scam involving Aam Aadmi Party (AAP) bigwigs, including Manish Sisodia and Sanjay Singh, the UAPA case against news portal NewsClick and the glaring breach in Parliament security, Delhi's district judiciary was a hive of activity in 2023. A special court dealing with the excise policy matters denied bail to former Delhi deputy chief minister Manish Sisodia in the alleged corruption and money laundering cases lodged by the CBI and the Enforcement Directorate, respectively.

Naresh Goyal being sent in judicial custody in a loan fraud case, two accused in the 2018 Elgar Parishad-Maoists links case getting bail, and actor Sooraj Pancholi's acquittal in the Jiah Khan suicide case were among the highlights of the court news from Mumbai in 2023. On January 2, the Bombay High Court refused to discharge Lt Col Prasad Purohit in the September 2008 Malegaon blast case, noting that he was not performing his official duty — as he claimed in his defence — when he allegedly attended the blast conspiracy meetings. The recording of evidence in the case was completed before a special NIA court later in the year.

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Supreme Court has acted as a «people's court» and citizens should not be afraid of going to courts or view it as the last resort, Chief Justice of India (CJI) D Y Chandrachud said on Sunday. Justice Chandrachud said just as the Constitution allows us to resolve political differences through established democratic institutions and processes, the courts system helps in resolving many disagreements through established principles and processes.

Central Board of Indirect Taxes and Customs (CBIC) has raised the threshold for filing of appeals before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) by ten times to Rs 50 lakh, as it looks to reduce the number of litigations. The thresholds for appeals in the high courts and the Supreme Court have been doubled to Rs 1 crore and Rs 2 crore, respectively.