SETTLED
Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
The head of Israel's Mossad has returned from Doha after an initial meeting with mediators trying to reach a Gaza ceasefire and hostage release deal, and negotiations will resume next week, Prime Minister Benjamin Netanyahu's office said on Friday.
Rupee strengthens slightly against dollar, settling at 83.495
The rupee closed at 83.495/$1, versus the previous close at 83.50/$1, Bloomberg data showed. Foreign investors bought Rs. 2,575 crores worth of Indian equity and Rs. 1,180 crores in fully accessible Indian government bonds, BSE and CCIL data showed.
Avoid arbitration, use mediation to settle contract disputes: FinMin
The finance ministry advises government entities to opt for mediation over arbitration in contract disputes. Guidelines stress resolving disputes amicably and avoiding unnecessary litigation. Committees to oversee mediation process. Courts to adjudicate disputes not covered by arbitration clause.
Microsoft settles California probe over worker leave for $14 million
Microsoft agrees to pay $14 million to settle claims of retaliating against workers for taking leave in California. The settlement also mandates hiring a consultant and providing training to prevent future discrimination.
Raselle Capital VCC pays Rs 1.23 cr to settle FPI violation case with Sebi
Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as settlement charges.
Groww Asset Management, trustee settle case with Sebi; pay Rs 9 lakh
Groww Asset Management Ltd (formerly known as India bulls Asset Management Company Ltd) and its trustee have settled with markets watchdog Sebi a case pertaining to alleged violation of regulatory norms after paying Rs 9 lakh. This came after the applicants Groww Asset Management Company and Groww Trustee Ltd (earlier known as India bulls Trustee Company Ltd) proposed to settle the alleged violation by "neither admitting nor denying the findings of fact".
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NCLT asks Sadbhav Engg CEO to settle creditor dues
The direction came after the company's chief executive officer appeared before the tribunal and said the company had proposed a restructuring package to all the financial creditors, and was looking to resolve the issue.
Infosys CEO Parekh settles insider trading charges
Salil Parekh, CEO of IT major Infosys, has settled a matter related to alleged insider trading violation by agreeing to pay Rs 25 lakh, said the Securities and Exchange Board of India (Sebi).
Infosys settles insider trading charges with Sebi, agrees to pay Rs 25 lakh fine
Parekh agreed to pay Rs 25 lakh (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.
Rupee gains for 3 straight sessions, settles at 83.57
The yield on the 10-year benchmark bond increased slightly but remains within market expectations, closing at 7.00% on Wednesday.
Overcast skies, light rain in parts of Delhi; maximum temperature settles at 39 degrees Celsius
Delhi experienced light rain under a western disturbance, with areas like Palam and Aya Nagar getting rainfall. The Safdarjung Observatory recorded 39 degrees Celsius, expected to decrease. Delhi witnessed nine heatwave days in June, unlike 2023 and 2022. The IMD hasn't predicted the monsoon's arrival date, issuing 'yellow' alerts for the city.
Decarbonization by 2045 agreed: Youth-led climate lawsuit settled in Hawaii
Hawaii settles with 13 young plaintiffs in Navahine v. Hawaii Department of Transportation lawsuit to decarbonize transportation by 2045, approved by Judge Tonaki.
Facial recognition startup Clearview AI settles privacy suit
The case consolidated lawsuits from around the U.S. filed against Clearview, which pulled photos from social media and elsewhere on the internet to create a database it sold to businesses, individuals and government entities.
Rupee slips 1 paisa to settle at 83.44 against US dollar
The rupee paired its initial gains and settled 1 paisa lower at 83.44 (provisional) against the US dollar on Wednesday in sink with the domestic equity markets that turned choppy at the fag-end of the session.
Residential rentals settles down across key cities as more supply hit the market
Rentals in major cities stabilizing post-Covid, with Bengaluru's Whitefield witnessing significant growth. Anarock's Vice Chairman, Santhosh Kumar, attributes the slowdown to new housing supply and academic year commencement. Sohna Road and Dwarka experience modest rent hikes in Q2 2024.
Hinduja family staff settle civil lawsuit over domestic workers’ exploitation allegations
A deal to end the civil suit was reached this week, Olivier Peter, a lawyer for one of the three claimants said, without confirming the details of the accord. The settlement comes more than six years after the workers filed their case. The legal proceedings have been beset by delays but got underway this week in Geneva.
Vodafone Idea may issue equity shares to Nokia, Ericsson to settle dues
Telecom company Vodafone Idea (Vi) has said that itrs board will meet on Thursday to consider issuing equity shares or convertible securities on a preferential basis to its vendors.
Dispute with Raymach Tech settled: SpiceJet to NCLT
SpiceJet Ltd settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues at the National Company Law Tribunal.
Leasing takes off as Make in India settles
The government's focus on Make in India and production linked incentive (PLI) schemes to promote local manufacturing has started to yield results as seen in rising leasing demand for light manufacturing and warehousing. The growth is further evidenced by a 4.5 times surge in leasing activity for light manufacturing spaces in 2023, compared to 2020.
DICGC posts 17% growth in insurance fund
The fund is collected by premiums received from insured banks, interest income from investments, and cash recoveries from failed banks. The deposit insurance limit in India is set at ₹5 lakh per depositor per bank.
PhonePe, BharatPe settle legal dispute over 'Pe'
The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop using 'Pe' in Devanagari script in their brand name.
Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24
Infibeam Avenues, the Ahmedabad-based company behind CCAvenue payment gateway and BuildaBazaar enterprise software, saw its annual revenue soar by 61% to Rs 3,171 crore in FY24, compared to Rs 1,962 crore the previous year. Profit after tax also jumped significantly, rising 55% to Rs 147 crore from Rs 94.6 crore.
Wipro to settle lawsuits against former executives Jatin Dalal, Haque
Wipro's new CEO, Srinivas Pallia, plans to settle legal issues with former executives like Jatin Dalal for contract breaches. Settlement details undisclosed, expected this week. Times of India first reported post-Thierry Delaporte's exit amidst lawsuits in November.
Pending Delhi Traffic Police challan: Option to pay a lower amount or get a full waiver; will it be beneficial for you?
Delhi Traffic Police Challan: The National Lok Adalat session is going to be held on May 11, 2024 from 10am till 4pm at warka, Karkardooma, Patiala House, Rohini, Rouse Avenue, Saket and Tis Hazari district courts of Delhi. If you have any DL traffic challan which is pending, then go here and settle it.
MCA mulls faster transfer of old unclaimed shares to beneficiaries
The corporate affairs ministry is considering a faster method for transferring shares, dividends, and matured debentures in inactive accounts that have not been claimed for over seven years. The ministry plans to allow companies to settle claims after following due processes and obtaining IEPFA approval. The authority will transfer unclaimed papers to companies for refunds within 15 days.
EPF withdrawal claim: How many days does it take to settle an EPF withdrawal claim?
Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation since making a withdrawal claim.
How Trump would crack down on US immigration in a second term
Trump pledges to address illegal and legal immigration by enforcing border policies, mass deportations, travel bans, and changes to legal immigration. He aims to tighten security, restrict entry, and overhaul existing programs if re-elected.
Co-living operator Settl to reach 8,000 beds in FY25
Co-living operator Settl aims to double its capacity to 8,000 beds by FY 25, following impressive growth. With revenue climbing 100%, reaching Rs 33 crore by March 2024, Settl's success reflects the increasing demand for co-living spaces among young professionals in major Indian cities.
'Bridget Jones Diary' star Hugh Grant settles lawsuit against Rupert Murdoch's tabloid
Grant previously brought a lawsuit against NGN in relation to the now-defunct News of the World tabloid which was settled in 2012, a year after NGN issued an apology to victims and the newspaper was shut down by media magnate Murdoch following a public backlash over hacking.
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