Courts Financial News

Subscribe to enjoy similar stories. MUMBAI : The Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees, marks a significant shift in how money invested in banking products can be managed and distributed after the account holder's demise. The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs (in the absence of a testamentary document).

Wayanad landslide survivors and carrying out «fake propaganda» against the union government. The saffron party said that the Narendra Modi government has provided sufficient funds to Kerala through the State Disaster Response Fund (SDRF) and the the National Disaster Response Fund (NDRF). «The Pinarayi government is sitting on available funds and blames the Centre,» senior BJP leader and Union Minister Prakash Javadekar alleged in a social media post. In a hard-hitting X post, he said the Centre has allocated over Rs 500 crore for this purpose through SDRF, which already has a balance of approximately Rs 700 crore.

Bhartiya Nagrik Surakhsha Sanhita 2023. The plea has been filed through advocate Vishal Tiwari, which oppose and challenge the constitutionality of some provisions in criminal laws passed in Lok Sabha on December 20, 2023. In the petition, advocate Vishal Tiwari has urged the Supreme Court to consider his representation and and declare the Provisions/Section 187(2) (3), 43(3), 173 (3) and 85 of the Bhartiya Nagrik Surakhsha Sanhita 2023 as Ultra vires/ Unconstitutional being Violative of Article 21 of the Constitution of India.

Bombay High Court has ruled that a father must continue to pay for his 19-year-old son’s accommodation in the UK, despite a rise in charges from the previous academic year. The decision came after the man refused to pay the increased costs, claiming his son had chosen a larger bedroom, which led to a higher price. The case stemmed from an ongoing dispute between the divorced parents regarding maintenance payments. The boy’s mother had approached the High Court after the father refused to cover the accommodation charges for the academic year 2024-25. The father, a prominent urologist, had already agreed to pay for the son’s university fees as per an earlier court order but balked at paying the increased accommodation charges.

Subscribe to enjoy similar stories. The margin trading facility (MTF) is a powerful financial instrument. It enables individuals to purchase stocks by paying only a portion of the total value while the broker funds the remaining amount.

Sambhal's Superintendent of Police (SP) Krishna Kumar Bishnoi said the video came to the notice of a police team. «The video falsely depicted acts of vandalism inside the mosque, potentially stoking communal tensions,» he added. «These videos could lead to increased animosity between communities. As a result, a case was filed under the relevant sections of the Bharatiya Nyaya Sanhita (BNS). We are trying to identify those behind the video and they will be arrested soon,» the SP said.

TikTok asked followers to subscribe to their channels on rival platforms like Meta-owned Instagram and Alphabet's YouTube after a federal appeals court ruled that the social media app could be banned if it is not sold to a US-based company by January 19. TikTok has become a major US digital force as it has grown to 170 million US users, especially younger people drawn to its short, often irreverent videos. It has sucked away advertisers from some of the largest US players and added commerce platform TikTok Shop, which has become a marketplace for small businesses. The US Congress, fearing TikTok's Chinese owners are gathering information about American consumers, has passed a law requiring its owner, Chinese-backed ByteDance, to divest its TikTok in the US or face a ban. On Friday, a federal appeals court upheld the law.

NCLAT) has declined to lift the stay on the NCLT order, barring amendment of the Articles of Association of Aakash Educational Services, a subsidiary of the debt-ridden edtech major Byju. Disposing the petitions moved by Manipal Health Systems and Aakash Educational Services, the Chennai bench of the National Company Law Appellate Tribunal on Friday asked them to file applications before the National Company Law Tribunal for vacating the order passed on November 20, 2024. A two-member bench granted them a week to file it and also directed the National Company Law Tribunal (NCLT) to decide it within three weeks thereafter. Moreover, the status quo would continue as directed by the Supreme Court in this matter, a 14-page-long NCLAT order said.

New Mexico environmental regulators have issued a $47.8 million fine on allegations of excess air pollution at a natural gas processing facility in a prolific oil production region

TikTok’s future in the U.S. appeared uncertain on Friday after a federal appeals court rejected a legal challenge the company brought against a law that requires it to cut ties with its China-based parent company or be banned by mid-January

Supreme Court will hear on December 12 a batch of petitions challenging certain provisions of Places of Worship (Special Provision) Act, 1991, that prohibit the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. A special bench of Chief Justice of India Sanjiv Khanna and Justices PV Sanjay Kumar and KV Vishwanathan will hear the case at 3.30 pm. The Act prohibits conversion of any place of worship and to provide for the maintenance of the religious character of any place of worship as it existed on the August 15, 1947.

TikTok, which is owned by Chinese company ByteDance, have prompted the U.S. government to pass legislation banning the social media platform unless it is sold to a government-approved buyer. President Joe Biden signed into law legislation that gives ByteDance up to a year to divest from TikTok. The company lost its first legal effort to overturn the law on Friday, when a panel of three federal judges unanimously rejected TikTok's argument that the law violated the First Amendment. The company pledged to appeal the decision to the Supreme Court. TikTok, which boasts 170 million users in the United States, could be banned as soon as mid-January, unless it receives a court-ordered injunction that would pause the law from taking effect as the appeal proceeds. There is also a chance that President-elect Donald Trump will try to rescue the app.

Facebook, Instagram-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next year or face a ban. The decision is a devastating blow to ByteDance, whose social media app is used by 170 million Americans. It affirmed a law, which was passed by Congress with bipartisan support and signed by President Joe Biden, that gives the U.S. government sweeping powers to ban other foreign-owned apps that could raise concerns about collection of Americans' data. TikTok and ByteDance had argued that the law is unconstitutional and violates Americans' free speech rights.

The European Union has sent TikTok an urgent request for more information about Romanian intelligence files suggesting that Moscow coordinated influencers on its platform to promote an election candidate who became the surprise front-runner in the nati...

A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appe...

ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. Here is what will likely happen next for TikTok. TikTok and its parent ByteDance sued in federal court to block a US law passed in April that would force ByteDance to divest of TikTok. It argued that the law would harm free speech.

West Bengal Chief Minister Mamata Banerjee on Friday hailed a POSCO court in the state for awarding a death sentence to a man accused of the rape and murder of a minor girl in Joynagar. Taking to her X account, Banerjee said that the incident occurred 62 days ago and the conviction and punishment was announced within the two months of the crime. Further, the Chief Minister also congratulated the state police and officials involved in the sentencing of the accused in the case.

Lookout Circular (LOC) has been issued against YSRCP MP Vijaisai Reddy by the Andhra Pradesh police, which had booked him days ago in connection with the Kakinada Seaport and SEZ share transfer case. The senior leader said the action has been taken with an «ulterior motive.» Besides him, the Andhra Pradesh CID has issued LOC against Y Vikranth Reddy, son of another party member Y V Subba Reddy, Sarath Chandra Reddy, the Non-executive director of Aurobindo Pharma Ltd, highly placed government sources said on Friday. Earlier this week, besides Vijaysai Reddy, Vikranth Reddy and Sarath Chandra Reddy, PKF Sridhar & Santhanam LLP, Aurobindo Realty and others were booked by the Andhra Pradesh CID for allegedly using 'coercive' means to acquire stakes in Kakinada Seaport and kakinada SEZ, According to a complaint filed by Karnati Venkateswara Rao, Chairman and Managing Director of KSPL, his family-owned firms' stakes of 41.12 per cent in KSPL and 48.74 per cent in KSEZ estimated to be worth over Rs 3600 crore were acquired in 2020-21 for a little over Rs 500 crore by Aurobindo Realty (renamed as Auro Infra) at the behest of former Chief Minister and YSRCP supremo YS Jagan Mohan Reddy.

The supervisor overseeing the clerk's work approved the erroneous transaction without catching the mistake. She was later fired by the bank for failing to verify the transaction properly, sparking a legal battle that eventually landed in the German labour court.

As the public holidays are announced by the two state governments, will you be able to visit your local bank branch to do any banking transactions today.

Allahabad High Court has rejected the anticipatory bail plea of a school teacher who asked class 2 students to slap their Muslim friend, a lawyer said on Thursday about the incident that sparked widespread outrage last year. A bench comprising Justice Deepak Verma refused to grant the relief and directed the applicant to surrender before the court concerned within two weeks from the date of the order and apply for regular bail, the plaintiff's lawyer said. «The lower court had already rejected the anticipatory bail plea on October 16. Now, the high court has upheld that decision, rejecting the teacher's plea on November 23,» Kamran Zaidi, the lawyer representing the victim, said. According to the prosecution, police filed a charge sheet against Tripti Tyagi under several sections of the Indian Penal Code (IPC), including Section 323 (voluntarily causing hurt), Section 504 (intentional insult with intent to provoke breach of peace), and Section 295A (deliberate and malicious acts intended to outrage religious feelings).