BUSINESS JUDGMENT RULE
Tenant eviction: It took 60 years long legal fight involving two generations of a landlord's family to win eviction order against tenant in Supreme Court
After a 60-year legal battle, the Supreme Court ruled in favor of a landlord's children, allowing them to evict tenants based on their own genuine need, even though the original case was filed by their father. The court emphasized that legal heirs can continue eviction proceedings and that tenants must demonstrate actual hardship beyond long-term occupancy. Read below to know more.
Day after being blocked by trade court, Trump's tariffs to remain in effect after appeals court grants stay
A US federal appeals court has temporarily reinstated US President Donald Trump’s broad “Liberation Day” tariffs, just one day after a lower trade court ruled he had unlawfully invoked emergency powers to impose them. While the ruling restores the White House’s leverage for now, legal experts say a longer battle looms. Trump’s administration is expected to pursue alternative authorities if the appeal fails. Businesses and foreign governments remain cautious as tariff-related uncertainty continues to impact trade and global markets.
A mission from God, with backup plans: Trump’s tariff tools aren’t out yet
Trump tariffs US court order: A US court has blocked Donald Trump’s sweeping “Liberation Day” tariffs, ruling he misused emergency powers. But Goldman Sachs says the impact may be temporary, as Trump could use alternate legal tools like Section 301 or national security provisions. While the White House appeals, global trade partners—including India and the UK—may reconsider deals negotiated under tariff pressure.
Trump admin appeals US court ruling blocking tariffs
The Trump administration has appealed against a US court order. The court had blocked its plan to impose new tariffs on imports. The court said that only the US Congress can regulate trade. Trump introduced tariffs under the IEEPA, claiming a national emergency. A White House spokesperson disagreed with the court's decision. Financial markets reacted positively to the court’s ruling.
SC rejects finance ministry’s plea against input tax credits for commercial rentals
The Supreme Court has dismissed the finance ministry's plea to review its October judgement, which allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting.
Digitally safe & sound
Karnataka High Court's ruling on the PhonePe case highlights the need to balance user privacy with national security concerns in the digital age. While privacy is a fundamental right, it's not absolute and must be proportionate to legitimate state interests. India's approach to data protection will shape civil liberties and its economic future, requiring clear frameworks and robust oversight.
Supreme Court allows 10% GST appeal pre-deposit via credit ledger in major relief for businesses
The Supreme Court has supported a ruling regarding Goods and Services Tax law. Companies can now use Electronic Credit Ledger for mandatory pre-deposits. This decision helps businesses facing cash flow issues during disputes. Yasho Industries had challenged the rejection of credit ledger payment. The High Court ruled in favour of Yasho Industries.
GST is applicable on joint development of properties in this condition, rules Patna High Court; buyers must check this
The Patna High Court has ruled that GST is applicable on RCM basis on the transfer of development rights from a landowner to a builder before the completion certificate (CC) is issued under a joint development agreement. This decision means builders must pay GST on the apartment units given to the landowner, potentially increasing costs for landowners. Read below to know more.
In Tesla's wake, more big companies propose voting "Dexit" to depart Delaware
Several public companies, including Tesla and Trump Media, are leaving Delaware due to concerns over stricter legal standards and shareholder lawsuits, with some reincorporating in states like Texas and Nevada that offer more director protection. This "Dexit" trend, driven by influential shareholders, prompts Delaware to adjust its corporate laws to retain businesses, though its dominance in corporate charters remains significant.
ETMarkets PMS Talk: Growth, margin expansion, and valuation - the 3 pillars behind Purnartha’s stock selection
All our equity funds have delivered strong performance over the one-year time frame, while our concentrated schemes have also outperformed over the two-year period. This consistent performance is primarily attributed to our strict adherence to core investment philosophies and timely decision-making.
'Equities are no longer optional': Qode’s Rishabh Nahar on navigating market uncertainty with quant strategy
Nahar believes the key to navigating such volatility lies in quantitative investing, but with a first-principles approach. He says, "Quant investing isn’t about secret algorithms. People often think of quant investing as a black box spitting out multibagger stocks.
After Bharti Airtel's demand experts call for checks in equity conversion of statutory dues
After the government decided to convert Vodafone Idea's spectrum dues worth Rs 36,950 crore into equity, the government received a similar request from Bharti Airtel - to convert its entire over ?41,000 crore AGR dues into equity. Airtel's demand came as a surprise as so far, the telco was not inclined to give equity to the government, given its strong financial health in contrast to Vodafone Idea, which ran out of options and was forced to give up its stake to survive.
Google, X next targets as Europe stays tough on tech regulation
The Digital Markets Act (DMA) sets out a list of dos and don'ts for tech giants to make it easier for people to move between competing online services like social media platforms, internet browsers and app stores and for smaller rivals to compete.
Meta CEO Mark Zuckerberg wraps up testimony in antitrust case
The FTC contends Meta has used a monopoly in its technology that facilitates connecting with friends and family to generate enormous profits as consumer satisfaction has dropped. The case could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses.
Meta CEO Zuckerberg considered spinning off Instagram in 2018 over antitrust worries, email says
Meta CEO Mark Zuckerberg once considered spinning off Instagram due to concerns over potential antitrust action, according to a 2018 email revealed during a federal antitrust trial. The trial, led by the Federal Trade Commission (FTC), accuses Meta of illegally monopolizing the social media market by acquiring Instagram and WhatsApp to eliminate competition.
Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp
The looming antitrust trial will be the first big test of President Donald Trump's Federal Trade Commission's ability to challenge Big Tech. The lawsuit was filed against Meta - then called Facebook - in 2020, during Trump's first term. It claims the company bought Instagram and WhatsApp to squash competition and establish an illegal monopoly in the social media market.
Too early to impress? Atlanta employer rejects candidate for arriving 25 minutes early to interview
An Atlanta-based employer turned down a job applicant for arriving 25 minutes early to an interview, calling it a red flag for poor time management and social awareness. The incident, shared on LinkedIn by business owner Matthew Prewett, has sparked debate online over what counts as proper interview etiquette. While Prewett said the early arrival made him feel rushed and uncomfortable, many online users sided with the candidate, suggesting that being early is better than being late.
Taxmen defy 'clean slate' rule, hit insolvent firms with fresh demands
Despite the IBC's 'clean slate' provision and court rulings, tax authorities are levying fresh tax demands on companies emerging from insolvency, trapping resolution applicants in legal battles. Tata Steel and B&B Global Enterprises are among those facing tax claims related to pre-acquisition liabilities. Experts are calling for the tax department to clarify its stance and ensure consistent processes.
EU prepares major penalties against Elon Musk's X
EU regulators plan major penalties against Elon Musk's X for violating the Digital Services Act, potentially exceeding $1 billion. The fines target X's failure to control disinformation and user content. This marks the first enforcement under the law, amid rising US-EU tensions over tech regulations and trade.
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