Articles for tag: Arrests, Ashneer, BharatPe, Disputes, Fund, Grover, Legal, Misappropriation, Related, settled, severing, Significant, Ties

September 30, 2024

Ashneer Grover and BharatPe settled legal disputes, following arrests related to significant fund misappropriation, severing all ties.

BharatPe’s former co-founder Ashneer Grover and the company have settled a long-standing legal dispute following recent arrests linked to financial misappropriation at the fintech firm. As part of the settlement, Grover will no longer have any involvement with BharatPe and will transfer certain shares to the Resilient Growth Trust. Previously, allegations arose when co-founder Bhavik ...

September 24, 2024

Market News

Business

Fans are outraged as Coldplay and Diljit Dosanjh concert tickets sell out rapidly, amid rampant scalping and legal controversies.

Fans of Coldplay and Indian singer Diljit Dosanjh faced major disappointment when ticket sales for their concerts crashed, with over 1.3 crore people trying to buy just 1.5 lakh tickets. Coldplay’s January 2025 concert in Mumbai sold out in under an hour, leading to an uproar on social media. Many ticket prices on resale platforms ...

September 23, 2024

Market News

Business

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

SpiceJet, the domestic airline based in Gurugram, aims to expand its fleet to 100 aircraft by 2026, following a successful fundraising of Rs 3,000 crore through a qualified institutional placement. Chairman Ajay Singh noted that past challenges, including the grounding of Boeing 737 Max planes and the Covid-19 pandemic, have impacted the airline’s performance. Although ...

September 22, 2024

Market News

Business

ZEE and Sony’s .5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

ZEE and Sony’s $10.5 billion merger collapses as NCLT recalls approval, ending a turbulent legal saga.

The National Company Law Appellate Tribunal (NCLAT) has allowed Axis Finance, IDBI Bank, and IDBI Trusteeship Services to withdraw their petitions against the merger of Zee Entertainment and Sony Pictures Networks India. This decision follows the Mumbai Bench of the National Company Law Tribunal (NCLT), which had previously approved the merger on August 10, 2023, ...

September 21, 2024

Market News

Business

Amul denies supplying ghee to Tirupati temple amidst a misinformation scandal, leading to legal action against seven social media users.

The Gujarat Cooperative Milk Marketing Federation (GCMMF), known for its Amul brand, clarified that it has never supplied ghee to the Tirumala Tirupati Devasthanams (TTD), which manages the Tirupati temple. This statement came in response to misinformation spreading on social media that claimed low-quality ghee used for temple laddus was sourced from Amul. The issue ...

September 19, 2024

Market News

Business

“Palworld,” a viral game blending Pokémon elements with gunplay, faces a legal battle after The Pokémon Company files for patent infringement.

Palworld, a survival adventure game that combines creature collecting with gun action, has become a viral sensation, often referred to as “Pokemon with guns.” However, its success has led to a legal dispute, as The Pokemon Company and Nintendo have sued the game’s creator, Pocketpair Inc., for patent infringement. The lawsuit, filed in Tokyo, seeks ...

September 17, 2024

Market News

Business

Arvind Kejriwal resigns amid legal turmoil, as Atishi steps up to lead AAP’s fight for justice and re-election in Delhi.

Delhi Chief Minister Arvind Kejriwal resigned following his recent arrest over alleged irregularities in the city’s liquor policy. This move came after he declared his intention to seek “justice from the people’s court” through upcoming elections. Aam Aadmi Party’s Atishi has been appointed as the interim Chief Minister until the elections, which are expected in ...

September 14, 2024

Market News

Politics

Supreme Court’s Bail Boost for Kejriwal: Is AAP’s Liquor Drama a Legal Farce or Justice Served?

In a significant win for the Aam Aadmi Party (AAP), the Supreme Court granted bail to Delhi Chief Minister Arvind Kejriwal on September 13, 2024, regarding a case linked to the now-abandoned liquor excise policy. Justices Surya Kant and Ujjal Bhuyan agreed on granting bail but disagreed about the legality of Kejriwal’s arrest by the ...

September 14, 2024

Market News

Business

Delhi CM Arvind Kejriwal visits Hanuman Temple for blessings after Supreme Court grants bail amidst ongoing legal troubles.

Delhi Chief Minister Arvind Kejriwal announced he will visit the Hanuman Temple in Connaught Place today at noon to express gratitude and seek blessings. His visit follows the Supreme Court granting him bail in the Delhi excise policy case, with certain conditions. These include a surety bond of Rs 10 lakh, a prohibition on entering ...

September 13, 2024

Market News

Business

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...