New India News

HDFC Bank’s board has concluded its internal review into the bank’s arrangement with the Maharashtra State Road Development Corporation (MSRDC) for garnering deposits in 2017 and 2021, holding that the actions of employees involved amounted to “business overreach” rather than any mala fide conduct, personal enrichment or improper motive. “Based on the findings and recommendation…

The Delhi High Court on Friday dismissed Asian News International’s interim injunction application against OpenAI, holding that Open AI’s use of ANI’s content for training ChatGPT did not amount to copyright infringement The court said that OpenAI’s act of storing ANI’s original literary works for training large language models underlying ChatGPT falls within Section 52(1)(a)…

The government has presented its account of the Insolvency and Bankruptcy Code’s decade-long performance, but the same data that showcases its achievements also reveals significant volatility in the recovery rates. “The resolution time and recovery data varies from case to case depending upon the quality of the insolvent asset,” said the Ministry of Corporate Affairs…

Wipro Ltd reported a sharp increase in legal and professional expenses during the first quarter of FY27, with the expenditure rising 67.3% year-on-year to ₹316.1 crore, according to the company’s audited consolidated financial results for the quarter ended June 30, 2026. The IT services major had incurred ₹188.9 crore under legal and professional charges in…

India Power Corporation Ltd (IPCL), which is currently undergoing the corporate insolvency resolution process (CIRP), on Thursday said the Serious Fraud Investigation Office (SFIO) has sought information from the company as part of an investigation ordered by the Ministry of Corporate Affairs (MCA) into the affairs of Srei Infrastructure Finance Ltd and other entities. “The…

A US federal court has rejected a motion by a third party seeking to intervene in the Securities and Exchange Commission’s (SEC) civil enforcement action against billionaire Gautam Adani and his nephew Sagar Adani, ruling that the applicant failed to establish any legally protectable interest in the proceedings. In a memorandum and order dated July…

Artificial intelligence should be viewed as an enabler of judicial efficiency rather than a substitute for judges, as public confidence in courts depends upon the assurance that disputes are resolved through fair procedures and considered judgment, Delhi High Court Chief Justice Devendra Kumar Upadhyaya said during the presidential valedictory address at The AI-Driven Legal Ecosystem:…

Cyril Amarchand Mangaldas is advising Cult.Fit on its proposed initial public offering of equity shares consisting of a fresh issue of INR 950 crore and an offer for sale of 178,609,200 shares by the selling shareholders. Trilegal is advising the book-running lead managers, including Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JM Financial, and…

Chitra Rentala, partner, Trilegal and Sr. Adv. Amit Desai Companies facing regulatory and enforcement investigations must recognise that the strongest defence is built long before an agency notice, search or summons arrives, Senior Advocate Amit Desai said at ETLegalWorld’s India White Collar Crime Forum 2026. Speaking on regulatory investigations, he said corporates must invest in…

Global geopolitics is reshaping Indian banking and finance law by turning transaction assessment into a wider question of sanctions exposure, data control, cloud resilience and regulatory readiness, Nilanjan Sinha, General Counsel, ICICI Bank, said, while delivering the Chairperson address at ETLegalWorld’s Banking and Finance Law Summit 2026. The summit’s third edition focused on the reset…