Radico Khaitan Ltd has disclosed that the Directorate of Revenue Intelligence (DRI) has issued seizure memos covering goods valued at approximately ₹2.64 crore in connection with a customs tariff classification issue involving the India-UK Free Trade Agreement (FTA).In a regulatory filing dated November 10, the company said the seizure memos were issued on November 6…
The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India (SEBI) to conduct a fresh, independent and comprehensive investigation into the alleged diversion of ₹3,535 crore from seven subsidiaries of Coffee Day Enterprises Ltd (CDEL) to Mysore Amalgamated Coffee Estates Ltd (MACEL), an entity linked to the company’s promoters. In its…
Companies often delay escalating legal, regulatory and reputational risks because business teams prioritise growth targets and operational milestones, while employees may hesitate to report concerns for fear of being held accountable, general counsel said. Vasant Shelke, General Counsel at Emaar India, said risk escalation practices vary significantly across Indian organisations, with many continuing to operate…
AU Small Finance Bank has initiated an internal and external forensic investigation into a potential data leakage incident involving a third-party software-as-a-service (SaaS) platform used for onboarding vehicle loan customers. In a November 2 filing with the stock exchanges, the bank said it became aware of the potential incident on October 29, 2026. The platform,…
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…
