Sun Pharmaceutical Industries (Sun Pharma) reported a turnaround in the January-March quarter of the 2022-23 financial year (Q4FY23), declaring a profit after tax (PAT) of Rs 1,984 crore versus a loss of Rs 2,277 crore in Q4FY22. However, that loss in FY22 was due to several exceptional one-time items -- with Rs 3,723.15 crore allocated to settlement of lawsuits in the US and other Exceptional Items adding up to Rs 3,935.75 crore. Adjusted for exceptional items, PAT in Q4FY22 amounts to Rs 2,155 crore, which is a year-on-year (YoY) growth of about 36 per cent.
In a surprise turn of events in the Twitter buyout saga, Tesla CEO Elon Musk has reportedly offered to proceed with his $44 billion purchase of the microblogging website. Musk is proposing to continue with $54.20 per share to buy Twitter, Reuters news agency reported citing Bloomberg News. After the news broke, Twitter's share price increased to 12.7 per cent before trading was stopped for the second time.
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The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.
It also directed the Hindu parties to file their replies within three weeks on the appeal filed by the management committee of the Anjuman Intezamia Masjid challenging the Allahabad High Court order on the appointment of a survey commissioner.
In a relief to the Hindu side, the Supreme Court on Friday refused to stay the Allahabad high court order allowing the Archaeological Survey of India (ASI) to conduct a scientific survey at the Gyanvapi mosque complex to determine if the 17th-century structure was built upon a pre-existing temple.
The Delhi high court on Tuesday proposed to reduce from Rs 20 lakh to Rs 2 lakh the costs imposed on actress Juhi Chawla and two others by a single judge while dismissing her plea against 5G rollout, with a condition that she would have to do some work for public cause, considering that she is a celebrity and has presence in public.
Former United States President Donald Trump sexually abused and defamed author and advice columnist E Jean Carroll in 1996, a Manhattan federal jury has found and awarded her $5 million for battery and defamation, a verdict that may hurt him in his 2024 bid to regain the White House.
The Delhi high court on Thursday expunged remarks made by its judge against actress Juhi Chawla that she had filed the lawsuit challenging the setting up of 5G wireless networks in the country on account of health hazards, for gaining publicity.
The court was hearing a plea by the Anjuman Intezamia Masjid committee seeking permission for wazu at the mosque complex in Varanasi during the month of Ramzan.
New York state will "not normalise" serious criminal conduct, "no matter who you are," Alvin Bragg, the Manhattan district attorney, has asserted, hours after former US President Donald Trump was arraigned in a courtroom.
'This whole story is going to become extremely murky and that discovering who is an agent of the Indian government is not necessarily a simple matter.' 'And that if Trudeau was to name (the person) who he thinks is the connection with the Indian government, that the Indian government will be sure to have some deniability and will be able to say he had nothing to do with us.'
The Supreme Court will hear on April 5 a batch of PILs challenging the validity of certain provisions of a 1991 law that prohibits filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947.
In her lawsuit, American national Tami Sulzberg alleges that at least 90 per cent of the US workforce of San Jose-based Happiest Minds, whose headquarters is in Bangalore, are South Asians, primarily from India.
A Delhi court on Tuesday sought response from the Centre and the Archeological Survey of India on a plea seeking restoration of Hindu and Jain deities and right to worship within the Qutub Minar complex, the lawyer said.
The settlement was among the largest in a case of police misconduct and was announced as Derek Chauvin, the former officer who knelt on Floyd's neck, has been charged with second-degree murder, third-degree murder and second-degree manslaughter.
How the Johnny Depp-Amber Heard relationship evolved and dissolved.
The settlement is subject to fairness review and approval by the court.
Trump signed executive orders on August 6 that would prevent TikTok and WeChat from operating in the US as they threatened America's national security and economy.
A bench of Justices DY Chandrachud and JB Pardiwala said the petitioners will be able to supplement the grounds of challenge in the pending petitions.
Infosys pointed out that it is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
Social media giant accused of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
A 5-judge Constitution Bench headed by Chief Justice Ranjan Gogoi, in its historic verdict delivered on a court holiday, held that the lawsuit of the deity was "within the period of limitation" and granted the title decree in its favour.
Dr Zach Zachariah, longtime Republican Party stalwart and major raiser of funds, has sued his one-time protege, Dr Akshay K Desai, another leading GOP activist who was recently named finance chairman of the Republican Party in Florida.
The three-judge panel of the 3rd US Circuit Court of Appeals on Friday upheld a previous ruling that dismissed the Trump campaign's request for an injunction in the case in Pennsylvania to challenge the election results and slammed the lawsuit.
Major Indian businesses and temples issued a joint statement opposing the proposed California Caste Bill SB 403.
The lawsuit, filed in the Southern District of New York on Wednesday, has also claimed that Hawaii Democrat Gabbard suffered an economic loss to be proven at trial. "Hillary calling me a 'Russian asset' is not only intended to smear my reputation and derail my campaign for president, it's also intended to silence any voice that dares to speak out against the establishment status quo," Gabbard, 38, said in an email to her supporters explaining the reason for her suing the Democratic nominee in the 2016 presidential elections.
The AIMPLB contended that the object of the Act is to prevent disturbances of public order, maintain peace and tranquility, and strengthen the basic feature of secularism.
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
The Supreme Court on Monday appointed former apex court judge Justice R V Raveendran as a mediator to settle the family property dispute involving businessman and former IPL head Lalit Modi and his mother Bina Modi. The apex court observed that counsel appearing for both sides agreed that they would go without any pre-condition and with an open mind to settle the dispute in mediation. "....We also think the issue can be resolved by way of mediation," a bench headed by Chief Justice N V Ramana said. "Accordingly, we appoint Justice R V Raveendran, a retired judge of this court, to mediate and settle the dispute," said the bench, also comprising justices Krishna Murari and Hima Kohli.
The petitioner submitted an application in the court of the Civil Judge on Monday seeking permission for 'purification' of the sanctum sanctorum of the Keshav Dev temple, which he claimed was inside the mosque, his counsel said.
The BCC programme alleged corruption and rule-breaking in English football.
The lawsuit seeks an injunction to stop the entire rule from going into effect.
Russia was thrown out of the tournament by FIFA as a sanction for their military operation. They had been due to face Poland in their semi-final.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
Generic drugmakers cannot be sued under state law for adverse reactions to their products.
The law firm had specifically named the bank's chief executive and managing director of over 25 years, Aditya Puri, his designated successor Sashidhar Jagdishan and company secretary Santosh Haldankar as defendants.
Manchester United and England striker Wayne Rooney has defeated attempts by his former management agency to sue him for 4.3 million, labelling their claim "a joke" and an attempt to exploit him.
