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CONTRACTUAL OBLIGATIONS FAILURE
Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: WiproIT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and fina...- Agentic anxiety pushes IT to run for policy coverAI adoption is exposing Indian IT firms to a new wave of legal risks, driving cos to seek insurance protection for execs and operations, wr...
- NHAI settles arbitration claims in Panipat-Jalandhar Highway project casesThe National Highways Authority of India has successfully settled two major arbitration cases. An arbitral tribunal awarded NHAI Rs 819.96 ...
- New Defence Rules: 5-year ban for poor supplies, 10 years for misconductNew Ministry of Defence guidelines introduce stricter penalties for defence suppliers. Companies failing to meet contract terms or supplyin...
- Starlink outage hit drone tests, exposing Pentagon's growing reliance on SpaceXUS Navy tests of unmanned vessels were disrupted by Starlink outages, highlighting the military's growing reliance on Elon Musk's satellite...
- No toll collection, if no unhindered, regulated access to highways ensured by NHAI: Kerala HCThe Kerala High Court has suspended toll collection on the Edappally-Mannuthy stretch of NH 544, citing heavy traffic congestion and inadeq...
- CEO of this company sacks 90% of his staff for missing morning meeting, posts on social media without apology, receives hundreds of new job applicationsBaldvin Oddson, the CEO of Musicians Club, fired 90% of his staff after they missed a single morning meeting. The dramatic decision was com...
- May have to restrict services to Voda Idea, Indus Towers tells TraiIndus Towers has warned that it may restrict services to Vodafone Idea (Vi) and pursue legal action to recover unpaid dues. The tower compa...
- Can't be held Gautam Thapar is not guilty: HCThapar was arrested by the Enforcement Directorate (ED) on charges of playing a "key role" in laundering more than ₹500 crore in a bank loa...
- JPMorgan sues Tesla for $162 million after Musk tweets soured warrant dealIt is unusual for a major Wall Street bank to sue such a high-profile client, although JPMorgan has done relatively little business with th...
- JPMorgan sues Tesla for $162 million over warrants, Elon Musk tweetsAccording to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike pr...
- JPMorgan sues Tesla for $162 million over warrants, Musk tweetsAccording to the complaint, Tesla sold the warrants to reduce potential stock dilution from a separate convertible bond sale and to lower i...
- Builders can't cite RERA Act to deny investors assured returns: Haryana RERAIn a statement, H-Rera’s Gurugram bench said, “This decision of the authority is significant and shall go a long way in curbing/regulating ...
- Mantri creditor Aayas Trade moves NCLT against realtorA notice alleged that Mantri received advances of over Rs 530 crore from Aayas/ Elbit for a real estate project in Bengaluru, but failed to...
- Supertech to pay Rs 55 lakh to buyer for failure to handover flatThe National Consumer Disputes Redressal Commission (NCDRC) also directed the builder to pay Rs 10,000 as litigation cost to the south Delh...
- Sasken shares up 20% as it wins $31.7 million in arbitration caseThe award of about Rs 190 crore is more than four times Sasken's annual revenue of Rs 458 crore in FY 14.
- TDSAT directs DoT to return Videocon Telecom's bank guaranteeTelecom tribunal TDSAT has directed the government to return the Performance Bank Guarantee (PBG) submitted by Videocon Telecom at the time...
- Corus may be forced to close Teeside plantTata Steel’s UK arm Corus has said it may be forced to shut down operations at its Teeside plant in northeast England.
- RBS to pay 1 bn pound in bonuses to staff: ReportThe RBS is proposing to pay close to 1 billion pound in bonus to its staff, within months of it being rescued by the UK government.
- 'India has to develop domestic capital mkt'Primary source for long-term funding has to come from the capital mkt, says joint report by Moody & ICRA.
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