Courts Financial News

Mexican officials say companies have pledged $20 billion in new foreign direct investment in Mexico

Joe Biden's student debt relief agenda is taking a series of setbacks. A year-long reprieve for borrowers lapsed and a program to assist those in default ended. Adding insult to injury, a federal judge recently blocked Biden's Plan B for broader student loan forgiveness, leaving the uncertainty of millions of borrowers. While there has been some temporary relief through smaller programs like «borrower defense,» legal battles still prevent more significant changes, as per a report.

Supreme Court has sought a response from the government and the Central Board of Direct Taxes on vaccine maker Serum Institute of India's appeal challenging a 2015 amendment to the Income Tax Act that made subsidy, grant, waivers, concessions or reimbursements by Centre or states or incentives in cash or kind taxable. The amendment had inserted sub-clause (xviii) to Section 2(24), which defines taxable “income”. A Bench led by Chief Justice D.Y. Chandrachud on Monday issued notice to the government and asked it respond in four weeks.

Delhi court has refused to cancel a lookout circular (LOC) against real estate company ATS Infrastructure Limited's promotor Geetamber Anand and his wife Poonam Anand in connection with multiple FIRs lodged against the builder. The FIRs include those lodged by the Economic Offence Wing (EOW) of Delhi Police for allegedly defrauding homebuyers, and another a money laundering case filed by the Enforcement Directorate. Judicial Magistrate Yashdeep Chahal, in an order passed on September 13, said the accused had appeared to join the investigation as and when required, however, «the LOC appeared to be a safeguard to ensure that judicial process is not frustrated in any manner». «Even if the applicants are directed to obtain prior permission of the court before travelling abroad, the accused could always travel without obtaining any such permission and there would be no way for the court to enforce a condition of that nature,» he said.

Donald Trump loses the US Presidential elections again? Will US witness another January 6 Capitol violence? These are the questions that have left US election officials worried. Election officials and experts have apprehensions that Trump and his supporters will not accept the outcome if Democrat nominee Kamala Harris wins the elections. Trump and his supporters could again try to overturn his loss, like he did previously, according to a report in The Washington Post. When the former US President lost the 2020 presidential election, Donald Trump not only refused to acknowledge his defeat but also spread unproven claims about widespread voter fraud and attempted to overturn the results in swing states. Trump also pressured Vice President Mike Pence to aid him in remaining in power while rioters stormed the US Capitol on January 6. Though many of those strategies can’t be used again because Trump no longer occupies the White House, and state and federal officials have since strengthened election laws, making it more challenging to disrupt the electoral process. But certain risks still remain.

The Arkansas Supreme Court has rejected part of a lawsuit challenging a ballot measure that would revoke the license for a planned casino

Supreme Court on Tuesday said mere existence of a benchmark disability of 40 percent does not bar a person from pursuing medical education unless there is an expert report that the candidate was incapacitated from pursuing MBBS. A bench of Justices BR Gavai, Aravind Kumar and KV Viswanathan gave detailed reasons for its September 18 order where it allowed a candidate to take admission in MBBS course after the medical board opined that he can pursue medical education without any impediment. The bench said the capacity of a candidate suffering from disability to pursue the MBBS course has to be examined by the disability assessment board. It said, «Mere existence of benchmark disability will not disqualify a candidate from being eligible for the MBBS course. The disability board assessing the disability of the candidate must positively record whether the disability of the candidate will or will not come in the way of the candidate pursuing the course.»

Supreme Court on Tuesday refused to stay the ongoing panchayat elections in Punjab on grounds of alleged irregularities in the nomination process, saying there will be «chaos» if courts start staying elections on polling day. The polling for panchayats began at 8 AM on Tuesday in Punjab and the petitions, seeking a stay of the ongoing electoral process, were mentioned before a bench headed by Chief Justice DY Chandrachud. «If polling has started today, how can we intervene at this stage? Probably the high court realised the gravity of it and vacated the stay on the elections,» the bench, which also comprised justices JB Pardiwala and Manoj Misra, said.

A federal appeals court revived a lawsuit filed by one Native American tribe over another’s construction of a casino on what they said is sacred land

Lilly Ledbetter, a former Alabama factory manager whose lawsuit against her employer made her an icon of the equal pay movement and led to landmark wage discrimination legislation, has died at 86

A federal appeals panel has temporarily halted two permits needed to begin construction on a pipeline that will supply a natural gas plant planned in Tennessee

Check out what's clicking on FoxBusiness.com.

The stabbing death of Cash App founder Bob Lee in San Francisco last year stunned the tech community

Kanye West is being accused by his former assistant Lauren Pisciotta of sexually assaulting her and drugging her at a Diddy studio session, as per a report.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Brazil on Friday started blocking over 2,000 gambling websites designated as irregular, part of a push by the government to regulate the sector, after concern rose about gambling addicts, especially vulnerable people

Two Georgia election workers have reached a settlement in their defamation lawsuit against a Missouri-based website that falsely accused them of fraud in the 2020 presidential election

Some 400 pro-establishment electors are set to approve the sole candidate for Macao’s chief executive job on Sunday, making him the Chinese casino hub’s first leader born in mainland China

Bombay High Court has declared ank of India’s decision to declare Pune Buildtech Pvt Ltd ‘fraud’ as null and void and also the inclusion of the realty firm’s name in any such list/communication blacklisting the company from availing of institutionalised credit as null and void. In another separate order, the court has also directed the lender to remove the company’s name from the list of ‘wilful defaulters’ and has also directed the bank to recall any information sent by it to any Credit Information Company declaring Pune Buildtech as wilful defaulters. “It is not in dispute that the entire settlement amount as mentioned in the Consent Terms (Rs 703.35 Crores) has been paid by the petitioners to Bank of India sometime in June 2024,” observed the division bench of Justice BP Colabawalla and Justice Somasekhar Sundaresan in its order of October 8. “Despite this, and after receiving the entire amount, we fail to understand how Bank of India could continue with the proceedings initiated for declaring the Petitioners as wilful defaulters after issuing a ‘No Dues Certificate’ to the petitioners (Pune Buildtech).”

Subscribe to enjoy similar stories. Class actions are gaining prominence in India following recent cases against Ola Electric Ltd and Jindal Poly Films Ltd. Earlier this year, minority shareholders of Jindal Poly Films filed a class action lawsuit – the first in India – against the company’s promoters, claiming fraudulent conduct.

Canaccord Genuity Group Inc. hired former Royal Bank of Canada executive Nadine Ahn as deputy chief financial officer, with plans to move her into the CFO role next year.