Courts Financial News

Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations

With their push to end smoking in Atlantic City’s casinos going nowhere fast in either the courts or the state Legislature, casino workers have demonstrated outside a hotel where New Jersey’s governor was due to speak

International Criminal Court to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, the White House said Thursday. «We remain deeply concerned by the Prosecutor's rush to seek arrest warrants and the troubling process errors that led to this decision. The United States has been clear that the ICC does not have jurisdiction over this matter,» a National Security Council spokesperson said. The statement made no mention of an ICC arrest warrant also issued for Mohammed Deif, the military chief of Hamas.

U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade

Sean Diddy Combs' jail cell last month. Eleven pages and eight pages of a calendar book containing notes written by Combs, 55, in his Brooklyn cell at the Metropolitan Detention Centre were confiscated as part of a planned sweep to address contraband and drugs, according to NBC News' coverage of court proceedings on Tuesday, November 19, as quoted in a report by US Weekly. According to a report Diddy wrote about paying off witnesses and finding dirt on victims, according to prosecution assistant U.S. attorney Christy Slavik. Slavik was quoted as saying that a witness was paid off, and finding dirt on two different victims is not a privilege.

Life Insurance Corporation of India (LIC), which has stakes in seven Adani Group stocks, witnessed an erosion of Rs 8,683 crore in the overall holding value in a single session on Thursday after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. LIC holds stakes in Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Green Energy, Adani Energy Solutions, Adani Total Gas, ACC and Ambuja Cements.

Adani Group. Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines. This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.

BJP national spokesperson Sambit Patra on Thursday hit back at Rahul Gandhi after the Congress leader demanded a probe into allegations against Gautam Adani and SEBI chairperson Madhabi Puri Buch. Patra dismissed Gandhi’s statements, claiming they were a repetition of past tactics to level unfounded allegations against BJP and Prime Minister Narendra Modi.

Subscribe to enjoy similar stories. When tragedy strikes, the complexities of inheritance laws add another layer of hardship. This unexpected reality, often rooted in religious laws, underscores the importance of estate planning.

Aam Aadmi Party (AAP) on Thursday revealed its first list of candidates for the upcoming Delhi Assembly elections, expected to be held in early 2025. The list includes several former BJP and Congress leaders who recently joined AAP. Brahm Singh Tanwar, Anil Jha, and BB Tyagi from the BJP, along with Chaudhry Zubair Ahmad, Veer Dhingan, and Sumesh Shokeen from the Congress, have been given tickets for the elections.

Ajmal Kasab was given a fair trial in our country, the Supreme Court on Thursday remarked and indicated it may set up a courtroom inside Tihar Jail for the trial of Yasin Malik in a kidnapping case. A bench of Justices Abhay S Oka and Augustine George Masih was hearing a CBI plea against the September 20, 2022 order of a Jammu trial court that directed Malik, serving life term in Tihar jail, to be produced before it physically to cross-examine the prosecution witnesses in the kidnapping case of Rubaiya Sayeed, daughter of politician Mufti Mohammad Sayeed. The bench, however, remarked, «How will cross-examination be done online? There is hardly any connectivity in Jammu… In our country, a fair trial was given even to Ajmal Kasab and legal assistance was given to him in the high court.» The bench told Solicitor General Tushar Mehta, representing the CBI, to take instructions on the total number of witnesses in the case.

Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products.

A federal appeals court says it is ending a dispute over whether the state or the city will control the airport board in Mississippi’s capital of Jackson

One of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

Delhi High Court on Wednesday stayed trial court proceedings against former Union minister P Chidambaram in a money laundering case connected to the Aircel-Maxis deal. Issuing notice to the Enforcement Directorate (ED) on Chidambaram's plea, the court ordered that the proceedings against Chidambaram shall remain till the next date of hearing. Chidambaram petitioned the HC challenging the trial court order taking cognisance of the complaint moved by the ED against him and his son Karti Chidambaram in the Aircel-Maxis case.

National Company Law Tribunal (NCLT) on Wednesday passed an order refraining the Think & Learn subsidiary Aakash Institute from amending the company’s articles of association (AoA) which sought to remove the rights of minority shareholders. On Tuesday, the minority shareholders of Aakash filed a mismanagement and oppression petition against the current management of the entity. According to the counsel representing the minority shareholders, the extraordinary general meeting (EGM) which was to be held on Wednesday, sought to remove their rights while conferring special rights on the major shareholder Ranjan Pai’s Manipal Education and Medical Group which currently holds about 40% stake in Aakash.

Lava International managing director Hari Om Rai who was arrested in October last year in a money laundering case involving Vivo Mobile Communication China, and its Indian group entities. Noting that Rai had been in custody since October 10, 2023 and the trial was at the stage of documents and charges were yet to be framed, Justice Manoj Kumar Ohri said: “...the trial is not expected to end anytime in the near future and the delay is not attributable to the accused, keeping the accused in custody by using Section 45 PMLA(Prevention of Money Laundering Act, 2002,) a tool for incarceration or as a shackle is not permissible,” the HC said, adding liberty of an accused cannot be curtailed by Section 45 of the 2002 Act without taking all other germane considerations into account. The case has 48 accused persons, 527 witnesses and 80,000 pages of documents, and the trial was not expected to end anytime in the near future, the judge said, adding that out of the seven accused persons who were arrested, the arrest of three persons had been declared illegal by the trial court and the other three have already been released on bail, said the court.

A Spanish court has upheld a ruling that a supermarket worker was unlawfully fired for having eaten a croquette that was going to be thrown away after not having been sold from the store’s deli section

elevated corridor of approximately 34 kilometres in the Kaziranga National Park and that other stakeholders will provide full support to the wildlife-friendly measure. The Assam government informed the apex court that the elevated corridor was proposed for the National Park, which is famed for one-horned rhinoceros. It apprised a bench of Justices B R Gavai and K V Viswanathan that work on a detailed project report was in progress by the National Highways Authority of India (NHAI) and the Ministry of Road Transport and Highways (MoRTH) has placed the project as a priority (category one).

Himachal Pradesh Tourism Development Corporation with poor occupancy were ordered to be shut down by the high court on Tuesday. A single-judge bench of of Justice Ajay Mohan Goel said that HPTDC properties should be shut by November 25 and directed that the managing director of the corporation would be personally responsible to ensure the enforcement of the order. The properties were being closed as they are financially viable, the court said, adding that public resources should not wasted by the HPTDC in the upkeep of «these white elephants». The Palace Hotel (Chail), Hotel Geetanjali (Dalhousie), Hotel Baghal (Darlaghat); Hotel Dhauladhar, Hotel Kunal Dharamshala and Hotel Kashmir House (Dharamshala); Hotel Apple Blossom (Fagu), Hotel Chandrabhaga (Keylong), Hotel Devdar (Khajiar), Hotel Giriganga (Kharapatthar), Hotel Meghdoot (Kiarighat), Hotel Sarvan (Kullu); Hotel Log Huts, Hotel Hadimba Cottage and Hotel Kunzum (Manali); Hotel Lihagsa (Mcleodganj), The Castle (Naggar) and Hotel Shivalik (Parwanoo) will be closed by this Monday, as per the order.