The Supreme Court on Tuesday closed the contempt case against yoga guru Ramdev and Acharya Balakrishna after accepting their undertakings to cease issuing misleading advertisements and claims regarding Patanjali Ayurved Ltd products. The decision followed a series of legal actions stemming from allegations that Patanjali engaged in a smear campaign against modern medicine, particularly during the Covid-19 pandemic.

In May, the Supreme Court had reserved its order on a contempt case filed by the Indian Medical Association (IMA) against Patanjali Ayurved Ltd, Ramdev, and Balakrishna.

India’s net direct tax collection, with refunds adjusted, grew 22.5 per cent to Rs 6.93 trillion between April 1 and August 11 of FY25.

In the same period last year, tax collection was at Rs 5.65 trillion, according to the Income-Tax (I-T) Department’s latest data released on Monday.

US short-seller Hindenburg Research has raised concerns about a possible conflict of interest involving Madhabi Puri Buch, the Chairperson of India's market regulator, SEBI (Securities and Exchange Board of India). In a series of tweets, Hindenburg responded to SEBI's statement regarding an investigation into the Adani Group.

Hindenburg claims that SEBI was responsible for investigating certain investment funds related to the Adani Group.

Pernod Ricard's legal head in India has resigned, said two sources with direct knowledge of the matter, a key departure at a time when the French liquor giant faces many legal and regulatory headaches in the critical Indian market.

The sources, who spoke on condition of anonymity, said the official, Bijoya Roy, will join Google in November as its top India counsel, with the US tech giant confronting several antitrust investigations of its own.

On Monday, the Supreme Court issued notices to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) in response to the bail petitions filed by Bharat Rashtra Samithi (BRS) leader K Kavitha, as reported by Bar and Bench.

A bench consisting of Justices BR Gavai and KV Viswanathan scheduled the matter for a hearing on August 20.

The Supreme Court on Monday refused to entertain a fresh plea filed by some examinees challenging the government's decision to cancel the UGC-NET examination following alleged question paper leak, saying that entertaining it at this stage will create "chaos".

A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra said the government is conducting the exam afresh on August 21 and the students, who are around nine lakh, must have some kind of "certainty now".

Stepping up its attack on the PM Narendra Modi government over the Hindenburg Research's allegations against Sebi Amid the raging row over the Hindenburg Research's allegations against Sebi chairperson Madhabi Buch, the Congress on Monday demanded her resignation and urged the Supreme Court to transfer the Adani probe to the CBI or a Special Investigation Team given the "likelihood of Sebi's compromise".

The opposition party also reiterated that the path forward is to immediately convene a Joint Parliamentary Committee (JPC) to investigate the full extent of what it described as the "Modani mega scam" involving the "self-anointed non-biological PM and a perfectly biological businessman".

The markets regulator, Securities and Exchange Board of India (Sebi), on Sunday asked investors to exercise caution and due diligence before reacting to reports, such as those from American short-seller Hindenburg Research. It said investors should be aware of the disclaimer in Hindenburg Research’s report, which notes that the firm may have short positions in the securities it discusses.

Also, in an update on the ongoing probe into the Adani group matter, Sebi disclosed that only one investigation remains, which is nearing completion.

The Bangladesh Nationalist Party (BNP), led by former prime minister Khaleda Zia, is not happy that India is hosting Sheikh Hasina, ousted Prime Minister after she fled Dhaka on Monday.

Gayeshwar Roy, a senior leader of Khaleda Zia's party and former minister, told The Times of India that the BNP supports mutual cooperation between Bangladesh and India. However, “if you help our enemy then it becomes difficult for that mutual cooperation to be honoured”. He said, they have concerns that India supported Sheikh Hasina’s return to power.

Prime Minister Narendra Modi and Leader of the Opposition in Lok Sabha Rahul Gandhi, on Friday, attended the tea meet organised by LS Speaker Om Birla at the Parliament House after the conclusion of the second session of the 18th Lok Sabha.

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