The Securities Appellate Tribunal (SAT) on Monday gave the market regulator 10 days to file a reply in an appeal filed by Essel Group Chairman Subhash Chandra in the alleged fund diversion case.

Chandra has sought a stay on an order by the Securities and Exchange Board of India (Sebi) issued on August 14, 2023. The tribunal had earlier granted relief to Punit Goenka, Chandra's son and the managing director and chief executive officer of Zee Entertainment Enterprises (Zee), in the same case.

SpiceJet, the low-cost airline, informed the National Company Law Tribunal (NCLT) on Monday that their disagreement with aircraft lessor Celestial Aviation is nearly resolved, with only formalities remaining.

Senior advocate Krishnendu Dutta, representing SpiceJet, informed the tribunal that substantial progress had been made, with partial payments already made, and requested an adjournment to finalise the settlement process. Consequently, the case has been adjourned to April 2024.

Another blast occurred at the Dhanamanjuri University complex in Imphal on February 24, claiming one life and injuring another amid the ongoing conflict in Manipur.

At approximately 9:30 pm, an explosion rocked the vicinity of the All Manipur Students Union (AMSU) office within the Dhanamanjuri University complex in Imphal.

Prime Minister Narendra Modi is scheduled to inaugurate the commencement of redevelopment initiatives at over 554 railway stations as part of the Amrit Bharat Station Scheme on February 26 via video conference. Additionally, he is set to lay the foundation stone for approximately 1,500 road overpasses and underpasses across various states during a virtual event that will be held at over 2,000 railway stations and function sites. The entire initiative will cost Rs 41,000 crore.

Delhi Chief Minister Arvind Kejriwal has once again opted not to appear before the Enforcement Directorate (ED) on Monday, marking his seventh consecutive absence from the summons. The Aam Aadmi Party (AAP) asserted that CM Kejriwal would not attend the ED summons and urged the agency to await the Court's decision rather than issuing repeated summons.

The ED issued its seventh summons to Kejriwal last week, seeking his presence for questioning in connection with a money-laundering case linked to the alleged Delhi excise policy scam for 2021-22.

Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.

The media unit of Reliance, controlled by billionaire Mukesh Ambani, and its affiliates are expected to own at least 61% in the merged entity, with Disney holding the rest, the people said, asking not to be identified as the information is not public.

The American-made lander that touched down on the moon likely landed on its side, officials said, raising questions about the historic mission.

Intuitive Machines Inc., the Houston-based maker of the spacecraft, said in a press briefing late Friday it’s still downloading data from the vehicle. The company also said the lander still has “quite a bit of operational capability” and is able to charge.

The Directorate of Enforcement (ED) has summoned former Uttarakhand minister and Congress leader Harak Singh Rawat and others in connection with a money laundering investigation.

The ED has asked the Congress leader to appear at the agency's office for questioning on February 29.

The Reserve Bank of India (RBI) on Friday allowed banks and non-banks to issue prepaid payment instruments (PPIs) for public transit services such as metro, buses, rail, waterways, tolls, and parking.

The regulator amended the guidelines for PPIs for mass transit systems (MTS). It said such PPIs could be issued without a “know your customer” (KYC) verification of the holder.

Spirits company Pernod Ricard India on Friday signed a Memorandum of Understanding (MoU) with the government of Maharashtra to establish a malt distillery in Nagpur.

The company said that it plans to invest up to Rs 1,800 crore (€ 200 million) for this in the decade.

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