Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
The Supreme Court will decide this question with regard to broadcast regulator TRAI's intervention in a contractual dispute between two cable TV service providers.
The bandh has been called by pro-Kannada and farmers' organisations, protesting the Mahadayi Water Dispute Tribunal's interim order rejecting the state's petition seeking 7.56 tmcft for drinking water projects.
China released a white paper against the UN-backed tribunal's verdict, insisting that Beijing has claims over the strategic region for 2,000 years.
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore
Amazon has moved the Supreme Court challenging the Delhi high court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it "illegal", "random", "inequitable and unfair". On March 22, a division bench of the Delhi high court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance.
The tax department is on a spree to ensure more taxpayers in the country use the PAN card.
Russia's disabled athletes will not be allowed to compete as neutrals at this month's Rio de Janeiro Paralympics after their country was banned because of a state-sponsored sports doping programme. The International Paralympic Committee (IPC) said in a statement on Thursday it had rejected more than 175 Russian athletes who filed individual cases to try to take part in the Brazil event. "The International Paralympic Committee ... will not allow individual Russian athletes to participate as neutral athletes at the Rio Games", the organisation said on its website (www.paralympic.org).
Russian former world number one Maria Sharapova was suspended for two years by the International Tennis Federation on Wednesday following her positive test for banned drug meldonium at this year's Australian Open.
A summary of sports events and sports persons, who made news on Friday
The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.
The Supreme Court on Wednesday rejected the Board Of Control For Cricket In India's plea against a tribunal order asking it to pay around Rs 18 crore as service tax for video graphing matches and selling the feed to private sport channels.
Vodafone pleaded in High Court that IT department had no jurisdiction in the transfer pricing case because the said transaction was not international and did not attract tax.
A Pakistani judge investigating the murder of Indian death row convict Sarabjit Singh has appealed to Indian nationals having information about the matter to file written submissions with relevant documents within seven days.
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
RIL has filed a petition before SAT against Sebi's rejection of its application for 'consent settlement' of a probe into alleged violation of insider trading norms in sale of shares of the company's erstwhile subsidiary RPL.
A bench comprising Justices N K Sodhi and Samar Ray observed that the appeal was 'premature' and dismissed it as 'infructious'. Deepak Mehra, a shareholder of Bharti Airtel who holds around 100 shares aggregating to around Rs 40,000, sought to overturn an informal guidance issued by Sebi on June 22.
The Bombay high court has admitted an appeal filed by the Income Tax authorities, challenging relief granted to Bollywood star Aishwarya Rai Bachchan by the Income Tax Appellate Tribunal.
A Sebi spokesperson did not respond to an email seeking comments.
State-run BSNL on Saturday approached telecom tribunal TDSAT against sector regulator TRAI's decision to cut a levy paid by private operators to the public sector company for its rural operations.
A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.
The Appeals Commission hearing Pakistani fast bowlers Shoaib Akhtar and Mohammad Asif's plea to overturn their ban for positive dope tests has deferred its verdict after failing to reach a consensus on Wednesday.
DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.
Reliance Industries Ltd had sought to settle certain investigations into alleged violation of insider trading norms in sale of shares of its erstwhile subsidiary Reliance Petroleum Ltd, but the application to settle of the matter under Sebi's consent framework was rejected by the regulator.
"The underlining theme with which we have been working till now is that we trust the taxpayers and from purely an enforcement agency, we are shifting our focus to being a service-oriented department," says CBDT chairman Pramod Chandra Mody.
Unhappy over India's handling of the marine's issue, Italy took the matter to the International Tribunal on Law of the Sea challenging Indian jurisdiction in the case.
PCB banned Shoaib Akhtar for two years and fellow fast bowler Mohammad Asif for one year.
The bench observed that it needs more time to study Sebi's view on the matter.
Nokia India Ltd, the wholly owned subsidiary of Finnish cellular equipment maker Nokia, on Thursday suffered a legal setback when a tax appellate tribunal ordered it to pay service tax on consultancy services offered by it to the parent company's cli
Bangladesh's Supreme Court on Tuesday handed down the death penalty for fundamentalist Jamaat-e-Islami leader Abdul Quader Mollah for his involvement in the 1971 war crimes, revising a special tribunal verdict which had sentenced him to life imprisonment.
The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
RIL has denied knowingly producing any gas from the ONGC block
In her 'gender case' before the Court of Arbitration for Sports (CAS) in Lausanne, Switzerland, the world's top sports tribunal has suspended IAAF's Hyperandrogenism Policy, under which the AFI suspended Dutee from competitions in 2014.
DLF wrote to Sebi, asking if the firm's ban on securities transactions extends to mutual fund investments.
On the other hand Shoaib Akhtar is not likely to get any reprieve, claims local media in Pakistan.
Manchester City will give volatile Italian striker Mario Balotelli another chance, manager Roberto Mancini said on Friday.
BSNL had sought higher payment for minimum three years for the facilities provided to cell phone service providers -- BPL Mobile Cellular and Idea Cellular Ltd -- and email provider CG Faxemail (P) Ltd even if they had surrendered the right before the lapse of three years. A bench headed by Justice S B Sinha while upholding the telecom tribunal judgement that came down heavily on BSNL for revising rates unilaterally said: "We do not find that these appeals raise any substanti
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