Samie Modak, Sundar Sethuraman, Bhavini Mishra, BS Reporter

Stories by Samie Modak, Sundar Sethuraman, Bhavini Mishra, BS Reporter

FSSAI Warning Label Plan Challenged

FSSAI Warning Label Plan Challenged

Rediff.com   10 hours ago

The proposal followed an order by the Supreme Court on August 13 asking the Union government, in consultation with experts, to decide on the visual format of the front-of-pack label.

Delhi HC orders 6-month forensic audit in Daiichi-Fortis case

Delhi HC orders 6-month forensic audit in Daiichi-Fortis case

Rediff.com   1 Sep 2026

The Delhi High Court has mandated a six-month forensic audit into the alleged dissipation of assets by former Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh, stemming from enforcement proceedings by Japanese drug major Daiichi Sankyo.

Delhi High Court seeks Beco's response to HUL's 'skin irritation' ad suit

Delhi High Court seeks Beco's response to HUL's 'skin irritation' ad suit

Rediff.com   20 Aug 2026

The Delhi High Court has sought a response from sustainable consumer goods startup Beco regarding a suit filed by Hindustan Unilever (HUL). HUL alleges that Beco disparaged its products, Surf Excel and Vim, by claiming they cause skin irritation in its advertising campaign.

Supreme Court Orders CBI Probe into ED Allegations Against Former Indiabulls Housing Finance Promoter

Supreme Court Orders CBI Probe into ED Allegations Against Former Indiabulls Housing Finance Promoter

Rediff.com   19 Aug 2026

The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.

US Appeals Court Affirms $2 Billion Devas Award Against ISRO's Antrix

US Appeals Court Affirms $2 Billion Devas Award Against ISRO's Antrix

Rediff.com   17 Aug 2026

A US appeals court has upheld a $562.5 million arbitral award, which has grown to over $2 billion with interest, in favour of Devas Multimedia against Antrix Corporation, the commercial arm of ISRO, ruling that US courts have jurisdiction despite Antrix being government-owned.

'Worst Phase For Equities Appears To Be Behind Us'

'Worst Phase For Equities Appears To Be Behind Us'

Rediff.com   7 Aug 2026

'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'

Sensex-Nifty closing divergence shrinks, but market worries persist over CAS rollout

Sensex-Nifty closing divergence shrinks, but market worries persist over CAS rollout

Rediff.com   6 Aug 2026

The divergence between the Sensex and Nifty closing values narrowed on the third day of the Closing Auction Session (CAS) rollout, but market participants, including Zerodha's Nithin Kamath, highlight structural issues and the unfortunate timing of its introduction alongside new RBI norms.

Our endeavour is to bring inflation in line with target over the medium term

"Our endeavour is to bring inflation in line with target over the medium term"

Rediff.com   6 Aug 2026

"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.

6,562 EV Chargers Approved, None Installed Yet

6,562 EV Chargers Approved, None Installed Yet

Rediff.com   5 Aug 2026

While charger deployment is yet to begin, the scheme has supported the sale of 2.65 million EVs as of July 22.

Indian Markets Outperform Global Peers in July

Indian Markets Outperform Global Peers in July

Rediff.com   1 Aug 2026

The Nifty and Sensex outperformed Asian peers in South Korea, Japan, Taiwan and China.

'India's First Substantive Judicial Engagement With AI'

'India's First Substantive Judicial Engagement With AI'

Rediff.com   25 Jul 2026

The judgment is India's first to examine AI companies' use of copyrighted works for foundation models, setting an analytical framework for Section 52 of the Copyright Act.

35 Years On, SC Quashes FERA Case Against Standard Chartered Bank

35 Years On, SC Quashes FERA Case Against Standard Chartered Bank

Rediff.com   22 Jul 2026

The Supreme Court of India has quashed criminal proceedings against Standard Chartered Bank and one of its officers in a 1991-92 Foreign Exchange Regulation Act (FERA) case, citing an extraordinary 23-year delay in prosecution and the Enforcement Directorate's failure to comply with mandatory procedural safeguards.

India's outward FDI falls sharply to $3 billion in June

India's outward FDI falls sharply to $3 billion in June

Rediff.com   21 Jul 2026

India's outward foreign direct investment (FDI) plummeted by 47.9 per cent year-on-year to $3 billion in June 2026, according to the Reserve Bank of India (RBI), with declines across equity, debt, and guarantee commitments.

AI Deepfakes Push Courts To Protect Identity Rights

AI Deepfakes Push Courts To Protect Identity Rights

Rediff.com   20 Jul 2026

Personality rights violations are increasingly being used as vehicles for financial fraud, with unsuspecting consumers misled by fabricated endorsements.

Is Oil Price Spike Derailing FPI Comeback?

Is Oil Price Spike Derailing FPI Comeback?

Rediff.com   17 Jul 2026

FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.

Supreme Court to scrutinise Sebi's appeal against SAT's relief for Nusli Wadia

Supreme Court to scrutinise Sebi's appeal against SAT's relief for Nusli Wadia

Rediff.com   14 Jul 2026

The Supreme Court has agreed to examine Sebi's challenge to a Securities Appellate Tribunal (SAT) decision that cleared Wadia Group Chairman Nusli Wadia, Bombay Dyeing, and others of allegations of fraudulent financial reporting.

SBI Funds Management IPO: Why the 'moderate' valuation and what's next?

SBI Funds Management IPO: Why the 'moderate' valuation and what's next?

Rediff.com   10 Jul 2026

SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.

Over $11 Billion in Pre-listing Lock-ins to Expire by September

Over $11 Billion in Pre-listing Lock-ins to Expire by September

Rediff.com   8 Jul 2026

Pre-listing shareholder lock-ins for 53 companies, valued at $11 billion, are set to expire between July and September, according to an analysis by Nuvama Institutional Equities, though not all shares are expected to flood the open market.

Zomato, Zepto, Swiggy, Urban Company, Porter Challenge Karnataka Gig Workers Act

Zomato, Zepto, Swiggy, Urban Company, Porter Challenge Karnataka Gig Workers Act

Rediff.com   1 Jul 2026

'If there are different laws governing the same subject, it can increase the compliance burden on platforms. The process would be easier and more transparent if there were a singular national-level law.'

Geopolitical Tensions, AI Risks Prompt Citi to Cut Nifty Target to 26,000

Geopolitical Tensions, AI Risks Prompt Citi to Cut Nifty Target to 26,000

Rediff.com   12 Jun 2026

Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.