Courts Financial News

Subscribe to enjoy similar stories. Imagine Reinhold Messner reaching the summit of Everest only to look back at the trail of climbers behind him, and thinking: I’m going to go a little further. With that, he leaps off the top of the highest peak in the world into the vast, icy vacuum below.

Subscribe to enjoy similar stories. New Delhi: Armed with a favourable Supreme Court decision, India’s tax authority plans to proceed with caution while reopening assessment against Tiger Global Management LLC’s 2018 stake sale in Flipkart Pvt., respecting the company’s right to appeal, according to two officials familiar with the matter.

Subscribe to enjoy similar stories. The Supreme Court judgement in the case of Tiger Global’s tax liability has, contrary to expectations, gone against the assessee and in favour of India’s revenue authorities. The brief facts are as follows.

Subscribe to enjoy similar stories. A Karnataka high court order on 13 January has effectively “locked" a block of Aakash Educational Services Ltd's (AESL) shares allegedly linked to Byju Raveendran, creating fresh compliance and legal questions around the coaching firm’s recently concluded rights issue.

Subscribe to enjoy similar stories. Iran signaled Wednesday it was preparing to conduct swift trials and the execution of antigovernment protesters, defying a warning from President Trump as it intensifies a crackdown on nationwide demonstrations. Iran’s judiciary chief, Gholamhossein Mohseni-Ejei, said that the courts should act quickly against protesters.

Subscribe to enjoy similar stories. NEW DELHI : Amid a rising number of complaints over botched hair transplants, the Centre plans to reclassify the procedure from the ‘cosmetic salon’ category to a strictly regulated ‘surgical practice' to rein in malpractices in the $252 million industry, according to three government officials and documents reviewed by Mint.

Subscribe to enjoy similar stories. DETROIT—President Trump said the U.S. economy was poised for solid growth this year, pointing to steadying inflation data as he sought to address one of Republicans’ biggest vulnerabilities ahead of this year’s midterm elections.

Subscribe to enjoy similar stories. In his second term, President Donald Trump has attacked Federal Reserve Chair Jerome Powell and his underlying institution with little impact on the markets. That may soon change as investors digest the administration’s criminal investigation into Powell for allegedly lying to Congress.

Subscribe to enjoy similar stories. The U.S. will put a 25% tariff on any country that does business with Iran, President Trump said on Monday, raising pressure on the Middle Eastern nation after days of protests against the government.

Subscribe to enjoy similar stories. The criminal investigation into Federal Reserve Chair Jerome Powell isn’t ultimately about the Fed’s headquarters, or Powell, or even interest rates. It’s about power.

Subscribe to enjoy similar stories. NEW DELHI : Parliament in December cleared the Repealing and Amending Act, 2025, which has removed a long-standing procedural hurdle in inheritance by deleting Section 213 of the Indian Succession Act, 1925. The change means that beneficiaries in Mumbai, Chennai, and Kolkata no longer have to mandatorily get a probate and can now act on a valid Will.

Subscribe to enjoy similar stories. NEW DELHI : The central government has accepted all recommendations, barring one, of a Parliamentary select committee of the Lok Sabha led by MP Baijayant Panda on proposed changes to India’s bankruptcy law, according to two people aware of the development.

Subscribe to enjoy similar stories. The U.S. dollar hovered near a one-month high on foreign exchange markets Friday as investors looked to both a key reading of the domestic labor market and a crucial ruling on tariffs to define the greenback’s direction into the coming months.

Subscribe to enjoy similar stories. If trade deficits are a national emergency, they are an emergency of a peculiar sort. America began to run them consistently in the mid-1970s.

Insolvency and Bankruptcy Code (IBC), 2016, for insolvency resolution—work in tandem rather than at cross-purposes, while also seeking to harmonize debt recovery rules with other laws, the people added.“The annual financial statement may classify special situation funds (SSFs), a new class of alternative investment funds (AIFs), as financial institutions (FIs) for debt resolution, and give banks greater autonomy by removing the clause that requires borrowers’ approval to withdraw debt recovery proceedings,” the first of the two persons said.Additionally, the government may change the rules of the SARFAESI Act—Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act—to prevent the redemption of securities by borrowers once creditors have finalized the sale, the first person added.Redemption of securities has been a major contributor to the rising volume of litigation in DRTs. As of late 2025, around 178,000 cases were pending before 39 functional DRTs and five Debt Recovery Appellate Tribunals (DRATs) across the country.

India’s telecom regulator has ramped up penalties on operators, but its crusade to improve service quality, compliance and contain spam is stalling. Hamstrung by limited powers and litigation, 97% of these fines have gone unpaid.The Telecom Regulatory Authority of India (Trai) imposed penalties worth ₹45 crore in the fiscal ended March 2025 (FY25), according to data flagged by the Comptroller and Auditor General’s (CAG's) audit of the regulator’s financial statements.

In relief to Vedanta Ltd, the Delhi High Court has ordered status quo on the Union government’s direction asking the company to stop operations and hand over the CB-OS/2 offshore oil and gas block in Gujarat to the Oil and Natural Gas Corp. (ONGC).A single judge bench of Justice Amit Sharma passed the interim order on Tuesday, and released today.The order effectively puts the government’s takeover plan on hold while Vedanta’s legal challenge is examined.

legal battles between domestic generic drug manufacturers and global innovators, reigniting the debate over striking a balance between innovation protection and broader drug accessibility.Looking ahead to another year of patent challenges, Mint examines who ultimately benefits from these challenges.New drugs or methods of making them are typically protected by patents under intellectual property (IP) rights. The patent grants the innovator exclusive rights to market the drug for a set period, typically 20 years.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] Bollywood star Salman Khan to cricket legend Sunil Gavaskar, and from Nutella to Taj Hotels, 2025 saw celebrities and brands alike rush to court to protect their identity from digital misuse.

Generative AI is trained on vast amounts of information to “understand” and generate human-like language. In simple terms, it functions like a super-intelligent research assistant for tax departments.One of its most immediate applications is document summarization.

The KG‑D6 oil and gas block in the Bay of Bengal has been at the centre of two disputes involving its operator Reliance Industries, India’s most valuable company, after failing to live up to its potential. Reuters reported earlier this week that the Indian government is seeking a multi-billion-dollar compensation from the Mukesh Ambani-led company.