Justice Financial News
22.03 / 17:51
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Investigations
Six people have gone missing from Sadhguru's Isha Yoga Centre since 2016: Tamil Nadu police
Sadhguru Jaggi Vasudev in 1992 near Tamil Nadu's Coimbatore. The foundation host the Isha Yoga Centre. It is run "almost entirely" by volunteers.
22.03 / 15:43
UPS
security
community
Justice
reports
Courts
ASI starts court-ordered survey of disputed Bhojshala complex in MP's Dhar district
Archaeological Survey of India (ASI) on Friday conducted survey of the controversial Bhojshala/Kamal Maula Mosque complex situated in the tribal-dominated Dhar district of Madhya Pradesh and made preparations for using carbon-dating equipment, officials said here. A 15-member ASI team along with senior local police and district administration officials readied the site for scientific assessments following a Madhya Pradesh High Court directive to conduct a 'scientific survey' within six weeks. The high court, on March 11, directed the ASI to carry out a 'scientific survey' within six weeks of the Bhojshala complex, a medieval-era monument that Hindus believe is a temple of Goddess Vagdevi (Saraswati), while the Muslim community calls it Kamal Maula Mosque. During the first day of the survey, members of the Muslim community gathered to offer Friday prayers amidst tight security arrangements, the officials said.
22.03 / 14:37
Bill
Justice
rap
information
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DMK leader Ponmudy sworn in as Tamil Nadu minister by Governor Ravi day after Supreme Court rap
M K Stalin. In December, due to Ponmudy's conviction his portfolios were reshuffled. The swearing-in of Ponmudy as Minister in the Tamil Nadu cabinet is believed to be the end of a face-off between the Chief Minister and the Governor.
22.03 / 14:37
markets
Strategy
Apple
Cycling
Justice
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Department
Apple’s Business Model Getting Hit From All Sides Now
Apple didn’t need any more trouble, but trouble has had a way of finding the iconic tech giant lately. The Justice Department sued Apple on Thursday, accusing the company of monopolistic behavior over the way it runs its iPhone business. “We allege that Apple has employed a strategy that relies on exclusionary, anticompetitive conduct that hurts both consumers and developers," Attorney General Merrick Garland said in announcing the case.
22.03 / 14:15
UPS
Airlines
WhatsApp
Justice
Courts
SpiceJet clears dues, no longer in default, SC notified
Supreme Court on Friday took note of Swiss financial services firm Credit Suisse submission’s that SpiceJet has cleared its outstanding dues and is no longer in default as on date. A Bench led by Justice Hima Kohli while posting the matter for further hearing in July noted the submissions made by senior counsel Liz Mattews, appearing for Credit Suisse, that “matter should be taken up after three months to ensure that they (Spicejet) don’t default as they have been doing in the past,” The court was hearing a contempt petition filed by Credit Suisse against Singh over the non-payment of dues despite a court-approved commercial settlement arrived at between the Swiss firm and the low-cost airline in 2021. The dispute arises from SpiceJet's alleged failure to honour invoices raised by Credit Suisse.
22.03 / 13:17
UPS
students
Justice
reports
Department
Courts
UP Board of Madarsa Education Act 2004 ‘unconstitutional’, declares Allahabad HC
Hindustan Times. The bench also directed the Yogi Adityanath-led State government to accommodate students studying in Madarsas in other schools. The Lucknow bench comprised Justice Vivek Chaudhary and Justice Subhash Vidyarthi.
22.03 / 13:05
markets
Manufacturing
Apple
Tesla
Justice
reports
Department
FedEx soars premarket; Nike, Lululemon and Tesla fall
Investing.com — U.S. futures edged higher Friday, ending the week on a positive note after the Federal Reserve reaffirmed its plans to cut interest rates this year, potentially as soon as June.
22.03 / 13:05
markets
COST
Apple
Justice
Department
Courts
5 analysts discuss the outlook for Apple stock in light of the DoJ lawsuit
Apple (NASDAQ:AAPL) stock closed 4% lower at $171.3 after the Department of Justice (DOJ) unveiled its long-anticipated lawsuit against the iPhone maker for violating antitrust regulations. AAPL remains one of the Magnificent Seven laggards in 2024, losing 11% year-to-date, while the broader S&P 500 gained roughly 10% during that period.
22.03 / 05:21
Target
Action
President
Justice
Courts
rights
'Unlawful, decay of democracy', From Shashi Tharoor to MK Stalin, opposition slams BJP over Arvind Kejriwal's ED arrest
Arvind Kejriwal's arrest by the Enforcement Directorate in an excise policy-linked money laundering case on Thursday, calling it 'violative of the spirit of democracy". Congress leader Shashi Tharoor called upon to take suo moto cognizance of Kejriwal's arrest by the ED in excise policy case. “The court has every right to take imminent action against anything that has a material effect on the elections…," he told ANI. He also said, “This is fundamentally violative of the political rights of every Indian citizen...
21.03 / 21:59
markets
Google
Apple
Software
Justice
Department
Courts
Apple accused of monopolizing smartphone markets in US antitrust lawsuit
By Stephen Nellis, Andrew Goudsward and David Shepardson
21.03 / 18:53
Provident
Election
Opinion
community
Justice
social
rights
NCBC flags OBC quota for Muslims in Karnataka
Karnataka's reservation policy for backward classes has come under the scanner with the National Commission for Backward Classes (NCBC) red-flagging Other Backward Classes (OBC) reservation given to Muslims on the basis of religion. NCBC has raised objections following a field visit in July 2023 and detailed examination of Karnataka's reservation policy for OBCs in educational institutions and government jobs. According to Karnataka government's reservation policy (based on the order issued in March 2002), backward classes are grouped as Category I, Category IIA, Category IIB, Category IIIA and Category IIIB and provided 32% reservation. The entire Muslim community is treated as socially and educationally backward under Category IIB. At the same time, the state government is providing reservation to 17 socially and educationally backward communities of Muslims under Category I and 19 communities under Category IIA. NCBC has flagged that if the entire Muslim community is provided reservation under Category IIB, why are certain communities being provided in the other two categories.
21.03 / 18:03
markets
Digital
Google
Apple
Justice
innovations
Department
Justice Department sues Apple, alleging it illegally monopolized the smartphone market
Apple says a Justice Department antitrust lawsuit accusing it of engineering an illegal monopoly in smartphones in the U_S_ is “wrong on the facts and the law.”
21.03 / 17:15
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Justice
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boating
EU legal adviser backs cancellation of EU-Morocco fishing agreement over disputed Western Sahara
A legal adviser to the European Union’s top court has recommended that it annul Europe's fishing agreement with Morocco, which would have allowed European boats to fish for valuable catch off the coast of the disputed Western Sahara
21.03 / 15:43
markets
Google
Platform
Apple
Meta Platforms
Justice
innovations
Department
Apple sued by US DOJ on iPhone monopoly claims
Apple (NASDAQ:AAPL) stock fell Thursday after it was confirmed the Department of Justice (DOJ) has officially sued the iPhone maker in an antitrust case for monopolization of smartphone markets.
21.03 / 15:07
FIVE
Pool
Election
Justice
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SC questions Centre over procedure adopted in appointment of new election commissioners
Supreme Court on Thursday questioned the Centre over the procedure adopted for the appointment of election commissioners and asked how six names were shortlisted from 200 within a few hours. A bench of Justices Sanjiv Khanna and Dipankar Datta said the selection committee should have been given more time to apply its mind on the appointment of the election commissioners. «For one vacancy, there were five names. For two, you send six names. Why not 10? This is the language of the statute — for one vacancy, five names have to be recommended. This appears from the record,» the bench told Solicitor General Tushar Mehta, appearing for the Centre. «They (the search committee) can consider 200 names, but what is the time given, maybe two hours? Two hundred names to be considered in two hours? You could have been transparent,» it said.
21.03 / 15:07
Digital
Apple
Justice
Department
prevention
Schools
Features
US sues Apple, accusing it of maintaining an iPhone monopoly
Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people. The government argued that Apple violated antitrust laws by preventing other companies from offering applications that compete with Apple products like its digital wallets, which could diminish the value of the iPhone. Apple’s policies hurt consumers and smaller companies that compete with some of Apple’s services, according to excerpts from the lawsuit released by the government, which was filed in the US District Court for the District of New Jersey.
21.03 / 09:45
UPS
security
Election
Justice
social
‘Disrespecting Indira, Rajiv Gandhi...’: Congress leader Anand Sharma's letter to Mallikarjun Kharge on caste census
Rajiv Gandhi. Bihar Chief Minister Nitish Kumar's caste census garnered national attention when the former was still part of the Opposition INDIA bloc. Congress has also been harping on the need for a caste census in India.
21.03 / 09:45
UPS
Justice
stage
social
information
Courts
SC stays govt's notification on setting up fact check unit
issued a notification on 20 March designating the Press Information Bureau (PIB) as the fact-checking unit. The top court also set aside the Bombay high court's 13 March interim order, which had refused to restrain the government from notifying the fact-checking unit.
21.03 / 09:33
UPS
Provident
security
Justice
Department
Courts
Cal HC directs Centre to file affidavit on PIL alleging deactivation of Aadhaar cards
Calcutta High Court on Thursday directed the Centre to file an affidavit on a PIL alleging deactivation of Aadhaar cards of people by the authorities concerned. Additional Solicitor General (ASG) Ashoke Chakrabarti questioned the maintainability of the PIL, stating that no individual case of any person affected by such a deactivation has been cited in the petition. A division bench headed by Chief Justice T S Sivagnanam directed the Centre to file the affidavit within three weeks stating its position on the allegation made in the PIL, which claimed that Aadhaar cards of people were being deactivated in an arbitrary manner using provisions under Section 28A of the Aadhaar Act. Directing the petitioner to file their affidavit a week after that, the bench, also comprising Justice Hiranmay Bhattacharyya, said that the matter will be taken up for hearing again on April 25.
21.03 / 08:35
Provident
Citizens
security
Justice
show
consequences
Courts
Banks should pass reasoned orders while declaring entity/person wilful defaulter, says Bombay HC
Bombay High Court has said banks and financial institutions should pass reasoned orders before declaring an entity or person a wilful defaulter under the Reserve Bank of India's Master Circular. A division bench of Justices B P Colabawalla and Somasekhar Sundaresan, in its order on March 4, noted that wilful defaulters are ostracized from access to the financial sector and hence, the discretion given to banks under the circular should be exercised with caution as mandated by the RBI. «Banks and financial institutions that seek to invoke the Master Circular to declare occurrence of wilful default, must share the reasoned orders passed by its Identification Committee and Review Committee,» the HC said. The bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challenging an order passed by the Union Bank of India in February 2023 declaring the firm and its promoters wilful defaulters under the 2015 Master Circular issued by the RBI.
21.03 / 08:13
Merit
Freedom
Justice
electronic
information
Courts
rights
SC stays Centre’s fact check unit, says it impacts fundamental right of freedom of speech and expression
fact check unit rules notification issued by the Union Government on March 20 till the Bombay High Court finally decides the challenges to the IT rules amendment 2023. The top court said that the validity of the rule involves serious constitutional questions and impacts the fundamental right of freedom of speech and expression. The Chief Justice of India said, «Till the disposal of the issue by the HC, we are desisiting to deal on merits which may foreclose assessment by the third judge. We are of the view that notification dated March 20, 2024, after rejection of application of interim relief, need to be stayed.»
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