New India News

Simpson Thacher & Bartlett LLP and Gibson, Dunn & Crutcher LLP are advising opposing sides in Xerox Holdings Corporation’s proposed exchange transaction covering approximately $174 million of its senior notes due in 2028.Simpson Thacher is serving as legal adviser to Xerox, while Gibson Dunn is advising an ad hoc group of first-lien lenders anchoring the…

Anthropic’s accrued legal expenses rose 69% to $1.309 billion as of June 30, 2026, from $775 million at the end of 2025, according to the artificial intelligence company’s registration statement filed with the US Securities and Exchange Commission (SEC). Anthropic is gearing up for its IPO, aiming to go public on the Nasdaq The company’s…

The security incident involving Indian digital trust company eMudhra has raised questions about the extent of Indian regulatory oversight over globally trusted digital certificates, with legal experts calling for an independent assessment mechanism to evaluate the domestic impact of such incidents and strengthen accountability. The experts said the incident highlights a gap between India’s regulatory…

Meta Platforms’ three-member special committee considered resigning from the board during contentious negotiations with chief executive Mark Zuckerberg over a proposed restructuring of the company’s share capital, according to an information statement filed with the US Securities and Exchange Commission (SEC) on October 21. The filing describes the negotiations as “protracted and, at several points,…

Mumbai: The ownership dispute at electrical goods maker GreatWhite Global Pvt. Ltd. has ended with Mehul Jadavji Shah’s family acquiring the 50% stake held by his younger brother Hemang Jadavji Shah’s family for about Rs 862 crore. The deal ends Hemang Shah’s 15-year entrepreneurial association with the business, which he helped build into a significant…

The Odisha High Court has quashed a Rs 696.32 crore demand against JSW Steel over a shortfall in mineral dispatch from its Jajang iron ore block in FY21 and set aside a separate Rs 1,472.69 crore demand for FY25, referring the latter to the concerned authority for fresh consideration, the company said in a regulatory…

In a setback to the Centre and YES Bank, the Supreme Court on Thursday upheld the Bombay High Court‘s 2023 ruling quashing the write-off of the lender’s Additional Tier-1 (AT1) bonds worth Rs 8,415 crore. YES Bank had written off the bonds in March 2020 as part of a reconstruction scheme following its financial collapse….

FSSAI plans regulations for e-commerce and quick commerce food safety The Food Safety and Standards Authority of India (FSSAI) is considering formulating regulations specific to the ecommerce ecosystem, including quick commerce platforms and cloud kitchens, after cracking down on packaged foods and beverages, alcoholic beverages and retail stores, its chief executive Rajit Punhani said. “We’ve…

The 57th GST Council meeting has shifted focus from rate rationalisation to easing compliance, accelerating refunds, and reducing litigation, tax experts said, while flagging potential legal challenges to a proposed provision that would validate multi-year notices. The recommendations include scrapping GST officers’ arrest powers under Section 69, raising the prosecution threshold from Rs 1 crore…

New Delhi, Insolvency appellate tribunal NCLAT has sought separate timeline commitments for the completion of each of the 16 delayed Supertech projects that have been taken up by state-owned NBCC. A Supreme Court panel, which has been tasked to oversee the progress of these housing projects, has filed an affidavit in the NCLAT, proposing fresh…