 "The NCLT reverses approval of the Zee-Sony merger as parties agree to withdraw due to unresolved disputes. Dramatic fallout ensues.")
The National Company Law Tribunal (NCLT) recently approved the withdrawal of its order regarding the merger between Zee Entertainment and Sony Pictures Networks India. This decision follows an agreement between the two companies to resolve their six-month dispute over a failed USD 10 billion merger. The NCLT recalled its earlier approval from August 10, 2023, ...
 "Congress alleges Sebi Chairperson Madhabi Puri Buch traded sensitive securities worth ₹36.96 crore, sparking a dramatic conflict of interest scandal.")
The Congress party has intensified its criticism of Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), claiming she traded nearly Rs 36.96 crore in securities while in her position, potentially violating ethical codes. Congress leader Pavan Khera raised concerns about Buch’s investments in foreign funds, including several Chinese ETFs, ...
 "Ford plans to revive its Chennai factory for exports, marking a dramatic return to the Indian market after its 2021 exit.")
Ford Motor Company has announced plans to reopen its Chennai factory, focusing on production for export markets. This move marks the company’s return to the Indian Market after it halted production in August 2022. Kay Hart, president of Ford’s international markets group, has submitted a letter of intent to the Tamil Nadu government, which is ...
 "In a dramatic test, the Indian Navy successfully launched a short-range missile, enhancing its defense capabilities off Odisha’s coast.")
On September 12, 2024, the Indian Navy and the Defence Research and Development Organisation (DRDO) successfully conducted a flight test of a new surface-to-air missile off the coast of Odisha. This Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM) was launched from a land-based system and effectively tracked and engaged a high-speed aerial target flying at ...
 "House of Hiranandani plans a dramatic Rs 3,200 crore redevelopment of five aging housing societies in Mumbai, transforming urban living.")
House of Hiranandani is set to invest Rs 3,200 crore to redevelop five housing societies in Chembur, Mumbai, which will involve a total of 459 tenants. The redevelopment projects include Maitri Park and the Shrinagar Society. This initiative is part of the company’s broader plan to explore the redevelopment of aging structures in Mumbai, addressing ...
 "In a dramatic antitrust trial, Google faces allegations of intent to monopolize advertising, showcasing internal ambitions to “crush” competitors.")
In its ongoing antitrust trial, Google faces allegations from the U.S. Department of Justice that it aimed to dominate the online advertising Market. Evidence presented includes statements from David Rosenblatt, Google’s former president of display advertising, who suggested the company’s goal in 2009 was to “crush” competing networks. Google argues it deals with significant competition ...
 "In a dramatic plea, Tamil Nadu CM MK Stalin urges Ford to revive production and strengthen ties during his U.S. visit.")
Tamil Nadu Chief Minister M K Stalin is currently on a visit to the US, where he met with Ford Motor officials in Chicago. During their discussions on September 10, 2024, Stalin urged Ford to renew its ties with Tamil Nadu and consider reviving car manufacturing while expanding their global technology and business center in ...
 "A Kenyan court halts Adani’s 30-year airport lease amid constitutional challenges, sparking dramatic controversy over public funds and governance.")
A Kenyan court has halted a government agreement that would allow India’s Adani Airport Holdings Ltd. to manage Nairobi’s main airport for 30 years. This legal decision comes as concerns arise over whether leasing Jomo Kenyatta International Airport (JKIA) to a private entity aligns with Kenya’s constitutional principles regarding good governance and accountability. Critics argue ...
 "The GST Council’s dramatic meeting addressed insurance tax reforms, foreign airline relief, and surging revenues from online gaming.")
During the 54th GST Council meeting in New Delhi, Finance Minister Nirmala Sitharaman announced several key decisions. The council is exploring a state panel to review the compensation cess and its future beyond March 2026. Discussions included potential exemptions for life and health insurance premiums from GST, although further deliberation is needed. To support foreign ...
One month after a judge ruled that Google’s search engine operates illegally as a monopoly, the tech giant is facing another antitrust lawsuit concerning its advertising technology. The U.S. Justice Department claims that Google maintains a monopoly by controlling both sides of the advertising transaction, which leads to higher fees for publishers and advertisers. As ...
