JUSTICE TRIVEDI CBI PROBE
US, Boeing reach deal to resolve MAX criminal case
Boeing faces a settlement of $1.1 billion with the Justice Department over the 737 MAX crashes. The agreement aims to dismiss a criminal charge related to the MAX certification. Some crash victim families condemn the deal as lenient. Other families support the resolution for closure. The DOJ deems the accord fair and in the public interest.
Justice B V Nagarathna to become part of Collegium after Justice AS Oka's retirement
Justice BV Nagarathna is poised to join the Supreme Court Collegium on May 25, following Justice Abhay S Oka's retirement. As the fifth senior-most judge, she will participate in recommending judicial appointments and transfers until her expected tenure as the first woman Chief Justice of India in late 2027.
CBI files chargesheet against former CMD of BECIL, others in corruption case
The CBI has filed a chargesheet against former BECIL chairman George Kuruvilla and others for alleged bribery and fraudulent loan disbursal to TGBL. Kuruvilla, along with other officials, conspired to cheat BECIL of Rs 50 crore by disbursing a venture loan to TGBL, whose CEO, Prateek Kanakia, diverted funds and paid Kuruvilla a bribe.
JSW Steel evaluating legal options for troubled BPSL assets
JSW Steel implemented the resolution plan for Bhushan Steel and Power Ltd "in full compliance" and the company is now evaluating all options to reach a legal remedy, including review of the Supreme Court order.
Google faces DOJ probe over Character. AI deal: Report
Other tech giants have struck similar deals in the past year in their push for growth in the heated generative AI race. Microsoft struck a $650 million deal with Inflection AI in March 2024, to use the AI startup's models and hire its staff, while Amazon hired AI firm Adept's co-founders and some of its team last June. Both deals had drawn regulatory scrutiny.
Justice Kempaiah Somashekar sworn in as 9th Chief Justice of Manipur High Court
Justice Kempaiah Somashekar was sworn in as the ninth Chief Justice of the Manipur High Court at Raj Bhavan, with Governor Ajay Kumar Bhalla administering the oath. The President appointed Justice Somashekar, formerly of the Karnataka High Court, following the Supreme Court Collegium's recommendation after the retirement of Chief Justice D. Krishnakumar.
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AgustaWestland case: Delhi court issues bailable warrants against Tihar Jail superintendent
A Delhi court has issued bailable warrants against a Tihar Jail superintendent for failing to respond to Christian Michel James' plea regarding his security arrangements. James sought a review of an inquiry report, claiming it stated no life threat existed. The court has directed the superintendent to appear on May 29, 2025, to explain the non-compliance and file a reply.
Murshidabad communal violence will have major impact on next year's assembly polls: BJP State President Sukanta Majumdar
BJP State President Sukanta Majumdar claims Murshidabad communal violence will significantly impact the upcoming assembly polls, alleging a targeted attack on Hindus. Leader of Opposition Suvendu Adhikari criticizes the Trinamool government, holding Chief Minister Mamata Banerjee responsible, citing police inaction during the incident.
Gifts might have been given during marriage: DK Shivakumar defends Parameshwara amid ED raids in gold smuggling case
Karnataka Deputy Chief Minister DK Shivakumar defended Home Minister G Parameshwara, amidst ED searches at institutions linked to him concerning a money laundering probe related to gold smuggling. Shivakumar asserted Parameshwara's integrity, suggesting any gifts to actress Ranya Rao were innocent gestures, not endorsements of illegal activities. He pledged the Congress party's full support, emphasizing Parameshwara's long-standing service and honesty.
Kiru hydropower corruption case: CBI files chargesheet against former J-K governor Satyapal Malik
The CBI has filed a chargesheet against former Jammu and Kashmir governor Satyapal Malik and five others concerning alleged corruption in the Rs 2,200-crore Kiru hydropower project. Malik claims he was offered a bribe to clear the project. The chargesheet names officials from Chenab Valley Power Projects and Patel Engineering Limited, alleging irregularities in awarding the tender.
SC irked over Allahabad HC deferring bail plea 27 times, releases accused
The Supreme Court has expressed strong disapproval of the Allahabad High Court's repeated deferrals, totalling 27 times, of a bail plea in a CBI cheating case. The apex court granted bail to the accused, Lakshya Tawar, emphasizing the importance of personal liberty and questioning the high court's handling of the matter.
Adani Ports gets about $150 million loan from DBS for capex
Adani Ports secured a $150 million bilateral loan from DBS Group, signaling a recovery in lender confidence after recent challenges. The four-year dollar loan, priced at 200 basis points above SOFR, will fund capital expenditure. This marks the group's first loan from a global bank since the US Department of Justice indictment.
Gold will hit $4000 in one year! Will this JP Morgan prediction come true?
Gold prices are regaining momentum amid economic uncertainty and rising fiscal concerns. While JP Morgan projects a surge to $4,000/oz by Q2 2026, analysts at Reliance Securities see potential for a climb to $3,800/oz within 9–12 months. With safe-haven demand intact and central bank buying strong, the outlook for gold remains bullish despite recent price dips.
Bitcoin hits new record high, eclipses January peak
The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced sell-off.
Trinamool leaders orchestrated Murshidabad violence targeting Hindus, BJP alleges citing report
The BJP alleges that a Calcutta High Court probe revealed Trinamool Congress leaders orchestrated violence against Hindus in Murshidabad following anti-Waqf protests. The report indicates a local councillor directed attacks on April 11, with police inaction, leading to deaths and property damage. The BJP demands action from Mamata Banerjee and an apology for her party's role in the violence.
SC says Flipkart known for creating monopolies, appoints amicus
The Supreme Court is worried about Flipkart possibly creating a monopoly. Judges are concerned about how this affects smaller businesses. The court appointed someone to help investigate the issue. A previous order asked the Competition Commission of India to look into Flipkart's practices. The All India Online Vendors Association, which raised the issue, is now missing.
Ex-UCO Bank CMD Goel's arrest in alleged fraud case latest in list of bank honchos sent behind bars
Central investigative agencies have arrested several bank executives, including former UCO Bank CMD Subodh Kumar Goel, in connection with alleged loan fraud cases. Other prominent figures like Chanda Kochhar (ICICI Bank), Rana Kapoor (Yes Bank), and Yogesh Agarwal (IDBI) have also faced arrest and investigations for financial irregularities.
MP govt constitutes SIT to probe controversial remarks by minister Vijay Shah
This development comes after the Supreme Court directed the Madhya Pradesh government to form an SIT, comprising three IPS officers, including a lady officer, while coming down heavily on Shah for his remarks against Colonel Sofiya Qureshi, referring to her as "sister of terrorists".
US DOJ opens investigation into Coinbase's recent cyberattack
The company last week said it received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal documents. It expects a hit of $180 million to $400 million from the cyberattack. Coinbase has said the attackers stole some data, including names, addresses and emails, but they did not get access to login credentials or passwords.
Time has come to revisit verdict on prior sanction to prosecute SC, HC judges: Vice-President Dhankhar
Vice-President Jagdeep Dhankhar has called for a reevaluation of the K Veeraswami judgment, which mandates prior sanction to prosecute judges, in light of the cash discovery case involving Justice Yashwant Varma.
Commodity Radar: Gold looks vulnerable below Rs 95,000/10 gram. 5 technical insights before making a trade
Gold prices experienced a surge due to Moody's downgrade of US credit ratings and dollar weakness, crossing Rs 94,000 in domestic markets. However, gains were partially offset by hopes of a Eurozone-China trade breakthrough and progress in Russia-Ukraine peace talks. Technical analysis suggests a short-term bearish trend for gold, with vulnerability below Rs 95,000.
SC constitutes SIT to probe FIR against MP Minister Vijay Shah on "shameful" remarks targetting Col Sofiya Qureshi
The Supreme Court on Friday slammed BJP minister Kunwar Vijay Shah for his remarks against Colonel Sofiya Qureshi, who had briefed the media about Operation Sindoor against Pakistan, and ordered constitution of a Special Investigation Team (SIT) of three IPS officers to probe the matter.
AIADMK chief alleges sexual exploitation attempt by DMK youth wing functionary on college girl
AIADMK general secretary Edappadi K Palaniswami condemned a DMK youth wing member's alleged attempt to sexually exploit a college student in Arakkonam. Palaniswami criticized the DMK government for allegedly trying to dilute the case, contrasting it with his handling of the Pollachi case. He warned of large-scale protests if the government fails to take appropriate action against the accused.
ED arrests ex-UCO Bank Chairman Subodh Kumar Goel in connection with fraud case, gets custody till May 21
The Enforcement Directorate (ED) has arrested former UCO Bank CMD Subodh Kumar Goel on money laundering charges related to a Rs 6,200 crore loan fraud involving Concast Steel and Power Ltd (CSPL). Goel is accused of receiving illegal gratification for sanctioning credit facilities to CSPL, which were subsequently diverted.
UK judge notes 'confidential impediment' in Nirav Modi extradition case
Nirav Modi's bail plea was rejected by a London High Court judge, citing a 'confidential impediment' hindering his extradition to India. Despite arguments about the delay and his health, the judge deemed the risk of Modi absconding too high. The confidential proceedings, possibly related to an asylum application, remain a key factor in the ongoing legal battle.
'Deprecate openly': CJI on no farewell for Justice Trivedi
Chief Justice of India, B R Gavai, expressed disapproval of the Supreme Court Bar Association's decision. The association did not hold a farewell ceremony for retiring Justice Bela M Trivedi. Gavai praised Kapil Sibal and Rachna Srivastava for attending the ceremonial bench. Justice Masih echoed similar sentiments, emphasizing the importance of tradition.
Eleventh woman judge in SC history, Justice Bela M Trivedi retires
Justice Bela M Trivedi, the eleventh woman judge of the Supreme Court, retired after serving three and a half years. She was part of several landmark judgements, including the EWS quota and sub-classification within Scheduled Castes. Justice Trivedi also overturned controversial Bombay High Court judgements related to the POCSO Act.
UK court rejects fresh bail application of Nirav Modi
The UK High Court has denied bail to Nirav Modi, a key figure in the Rs 6498.20 crore PNB scandal, who is facing extradition proceedings. Modi's plea, citing threats to his life and denying wrongdoing, was countered by Indian investigating agencies.
SC directs Centre to set up special POCSO courts on priority basis
The Supreme Court has instructed the Centre to urgently establish dedicated POCSO courts to handle cases of sexual offenses against children, emphasizing the need to adhere to mandated timelines for trials.
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