The Securities and Appellate Tribunal (SAT) has hauled up the Securities and Exchange Board of India (Sebi) for giving computer-generated response to investor complaints filed on its online platform Scores and for disposing of the matter without settling the case.

“We find the approach adopted by Sebi to be a strange one. Such computer-generated disposal of a serious complaint speaks volumes on the conduct in treating the minority shareholders in this shabby manner,” the tribunal said while delivering a judgment on a matter related to an investor complaint.

The Trump administration is set to issue a two-week extension of a licence allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalised due to regulatory hurdles, said one source who was briefed on the matter.

The Supreme Court on Friday brought down the curtains on an epic battle for debt-laden Essar Steel, paving the entry of the world’s largest steel maker, ArcelorMittal, into the second-biggest steel market, India.

In a ruling that would have a far-reaching impact on cases under the Insolvency and Bankruptcy Code (IBC), the apex court has set aside the National Company Law Appellate Tribunal (NCLAT) order that put a different class of creditors — financial vis-a-vis operational creditors as also secured and unsecured financial creditors — on a par.

The customs department officials apprehended a passenger at Delhi airport for attempting to smuggle drones and other electronic goods including mobile phones on Friday.

The man who was arrested had 4 DJI drones with camera, 4 Mi drones with camera, 6 Apple iPhone 11 Pro (256 GB), 3 Apple iPhone 11 Pro (64 GB), 10000 memory cards in his possession. The total value of the items seized by the customs officials from the accused was Rs 26,25,000.

Finance Minister Nirmala Sitharaman has spoken on the telecom sector crisis saying that they don't want any company to shut operations and everyone to flourish.

The Finance Minister made these statements during a press briefing in New Delhi after major telecom companies Vodafone Idea and Airtel reported huge losses in the September quarter.

Sabarimala shrine opens: Against the backdrop of the Supreme court’s decision to refer the Sabarimala case to a larger bench, the Lord Ayyappa shrine is all set to open on Saturday, even as the government said those women desirous of visiting the hill temple should get a court order.

The top court has decided to set up a larger bench to re-examine religious issues including those arising out of its earlier verdict that lifted a centuries-old ban on women of menstruating age visiting the shrine.

The adverse fallout of huge losses posted by telecom majors Vodafone Idea and Bharti Airtel in the second quarter, on provisions made for dues in adjusted gross revenue (AGR), has left commercial banks nervous.

Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity in case these entities take more debt to finance operations and meet repayment obligations.

The telecom sector’s woes continued to deepen after the Anil Ambani-led Reliance Communications posted Rs 2,733 crore in pre-tax loss for the June-September quarter and Rs 30,147 crore in net loss for the same period, after accounting for adjusted gross revenue (AGR) provisions.

The company had reported Rs 338 crore in losses for the June quarter (Q1), and a profit of Rs 1,295 crore in Q2 last year. It reported Rs 305 crore in revenue, down from Rs 866 crore in Q1.

In the ongoing political slugfest over government formation in Maharashtra, Shiv Sena leader Sanjay Raut said that no one can stop the party from acquiring the Chief Minister post.

In a press conference, Sanjay Raut said that there will be a Shiv Sena CM for next 25 years, emphasizing strongly on the fact that Shiv Sena will be leading Maharashtra no matter what.He also said that Shiv Sena is the biggest party in Maharashtra and will stay here forever.

Justice R.F. Nariman of the Supreme Court on Friday said the government must read the “extremely important dissent” order in the Sabarimala case.

Justice Nariman had penned the dissent order on behalf of himself and Justice D Y Chandrachud.

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