Fino Payments Bank said on Wednesday that its plan to convert into a small finance bank is progressing within the Reserve Bank of India‘s 18-month timeline amid an investigation linked to a Goods and Services Tax (GST) probe that has led to the arrest of its managing director and CEO, Rishi Gupta. “The Bank expects […]
Fino Payments Bank on Track for SFB Conversion Despite GST Probe, ETLegalWorld Read More »
Hogan Lovells’ office in Washington DC [Shutterstock] Hogan Lovells grew its top line and increased its partner profits by double digits in 2025, the law firm said on Wednesday, surpassing $3.2 billion in annual revenue ahead of its planned merger with Cadwalader, Wickersham & Taft. Cadwalader, meanwhile, reported a 3.3% revenue decrease, generating $616 million
Illustrative Image The National Company Law Tribunal (NCLT) has ordered to initiate the insolvency proceedings against Marvel Group promoter Vishwajeet Jhawar. The NCLT Mumbai order, pronounced by Justices Prabhat Kumar and Sushil Mahadeorao Kochey on January 30, was passed on a petition filed by APRN Enterprises (APRN), formerly known as Ansapack, for outstanding debt of
Nexus Select Mall Management settles allegations of REITs violation with SEBI New Delhi, Nexus Select Mall Management has settled allegations of flouting REIT (Real Estate Investment Trust) norms with markets regulator Sebi after paying Rs 24.37 lakh settlement fee. In its order on Wednesday, Sebi said Nexus Select Mall Management remitted the amount to settle
New Delhi, The Centre on Thursday cleared the appointment of Justice Sushrut Arvind Dharmadhikari as the Chief Justice of the Madras High Court, following the recommendation of the Supreme Court Collegium. “In exercise of the power conferred by the Constitution of India, the President of India, after consultation with the Chief Justice of India, is
Markets regulator Sebi has directed non-bank custodians to segregate regulated and unregulated financial services through separate strategic business units (SBUs), maintain separate accounts for these units and meet net worth requirements independently for these businesses. In its circular, the regulator stated that the custodians and DDPs Standards Setting Forum (CDSSF), in consultation with Sebi, will
Sebi issues guidelines for custodians, ETLegalWorld Read More »
SC orders CBI inquiry into DLF’s housing project in Gurugram NEW DELHI: The Supreme Court has directed the Central Bureau of Investigation (CBI) to conduct an inquiry in connection with issues related to ‘The Primus’ residential project in New Gurgaon, developed by its wholly owned subsidiary DLF Home Developers (DHDL), DLF informed in a BSE
The U.S. Justice Department on Tuesday said it would pursue its bid to revive President Donald Trump‘s executive orders punishing four prominent law firms, abruptly reversing course just a day after seeking to withdraw its appeals in the cases. The Trump administration had appealed last year after federal judges struck down executive orders targeting Perkins
The European Union has scrapped plans for an emissions label for steel in its upcoming “made in Europe” law, which had initially been intended to help make green steel central to efforts to revive industries, a draft of the proposal showed. The last-minute change ahead of expected publication on Wednesday of a proposal for a
A Setback for Green Steel Industry, ETLegalWorld Read More »
Several major international law firms operating in the Middle East are helping their staff to prepare for possible evacuation after the escalation in the region since Saturday. These law firms operate multiple offices across the Gulf, employing hundreds of lawyers. A spokesperson from Freshfields has told ETLegalWorld, “In light of current developments in the Middle
