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1. HDFC Bank rejects allegation of wrongdoing in Rs 45 cr payment to MSRDC, shares slip

HDFC Bank rejects allegation of wrongdoing in Rs 45 cr payment to MSRDC, shares slip

HDFC Bank rejects allegation of wrongdoing in Rs 45 cr payment to MSRDC, shares slip - Corporate & Business - 2 min read HDFC Bank rejects allegation of wrongdoing in Rs 45 cr payment to MSRDC, shares slip The bank's spokesperson, in a statement, said its internal oversight and audit mechanisms are robust and that all matters are handled as per established procedures. New Delhi, Biggest private sector lender HDFC Bank on Wednesday rejected allegations of wrongdoing linked to reported payments worth Rs 45 crore allegedly routed through its marketing department to a Maharashtra government agency. The bank's spokesperson, in a statement, said its internal oversight and audit mechanisms are robust and that all matters are handled as per established procedures. All issues are dealt with in accordance with the bank's established norms, and the full process is always followed before final determination post any internal review, the statement said. "We strongly reject any assumptions of wrongdoing or culpability based on selective material," the statement added. The clarification came after media reports claimed that the bank's audit committee had initiated a formal 'internal vigilance investigation' into payments totalling Rs 45 crore to Maharashtra State Road Development Corporation (MSRDC) that were allegedly disguised as marketing expenditure. Shares of the HDFC Bank closed at Rs 758.50 apiece, down 2.63 per cent, on the BSE. According to reports, the payments were allegedly made to a Maharashtra government undertaking just days before former chairman Atanu Chakraborty resigned on March 18.

2. Patanjali Foods faces ₹1,352 crore GST show-cause notice over turnover mismatch

Patanjali Foods faces ₹1,352 crore GST show-cause notice over turnover mismatch

Patanjali Foods faces ₹1,352 crore GST show-cause notice over turnover mismatch - Corporate & Business - 1 min read Patanjali Foods faces ₹1,352 crore GST show-cause notice over turnover mismatch Patanjali Foods faces a significant tax demand from GST authorities in Tamil Nadu. The company received a show-cause notice for alleged discrepancies in its FY23 turnover reporting. The proposed tax demand, including central and state GST, stands at over Rs 1,352 crore. Patanjali Foods is consulting tax advisors to prepare a response. Patanjali Foods has received a show-cause notice from GST authorities in Tamil Nadu over alleged discrepancies in turnover reported in its returns for FY23, with the proposed tax demand exceeding Rs 1,352 crore, according to a stock exchange filing on Wednesday. The company said the Office of the Assistant Commissioner (ST), Royapuram (C) Assessment Circle, Chennai North Division, issued the notice under Section 73 of the CGST and Tamil Nadu GST Acts. "we hereby submit the disclosure regarding issuance of show cause notice by the Office of the Assistant Commissioner (ST), Royapuram (C) Assessment Circle, North Division, Chennai, intimating alleged discrepancies in the GST Return," they said. "The authority on comparison of GSTR-3B monthly returns filed by the Company with corresponding GSTR-7 filed by the Deductors of TDS found differences and anomalies in turnover," they said.

3. Supreme Court Collegium recommends elevation of 4 Chief Justices, Senior Advocate V Mohana to Apex Court

Supreme Court Collegium recommends elevation of 4 Chief Justices, Senior Advocate V Mohana to Apex Court

Supreme Court Collegium recommends elevation of 4 Chief Justices, Senior Advocate V Mohana to Apex Court The Supreme Court Collegium has recommended the elevation of four sitting Chief Justices of High Courts and Senior Advocate V. The Apex Court Collegium, headed by Chief Justice of India (CJI) Surya Kant and comprising Justice BV Nagarathna, Justice JK Maheshwari, Justice Vikram Nath and Justice MM Sundresh as its members, took the decision during two meetings held on May 22 and 27, 2026 The names recommended for appointment to the Supreme Court include... A landmark acquittal has held that hostile witnesses are not merely procedural hurdles, but can fundamentally weaken the prosecution’s case, reinforcing that criminal convictions must rest on certainty, not conjecture In an age shaped by nuclear deterrence, economic interdependence, ideological resilience, and global fatigue with conflict, the belief that military superiority alone can secure lasting victory is becoming increasingly untenable. Using the possibility of a prolonged US-Iran confrontation as its central frame, this essay examines why modern civilization can survive only through balance, restraint, and timely diplomacy—not through fantasies of absolute triumph A recent Calcutta High Court directive raises larger questions of moral duty and financial ruin. The larger questions raised by the Court’s order need to be dissected in a humane atmosphere, keeping in mind the complete financial disaster that a family looks at, with a close family member lying on an expensive medical bed As elections loom and political tensions deepen, a sweeping new compensation fund, unprecedented executive protections and questions over financial conflicts are fuelling accusations of corruption and constitutional overreach A childhood punishment meant to “correct” left-handedness turned Dr…

4. Need fairness: Supreme Court quashes CCI's Rs 202 crore penalty on Amazon

Need fairness: Supreme Court quashes CCI's Rs 202 crore penalty on Amazon

Need fairness: Supreme Court quashes CCI's Rs 202 crore penalty on Amazon Need fairness: Supreme Court quashes CCI's Rs 202 crore penalty on Amazon The Supreme Court set aside the CCI's Rs 202 crore penalty on Amazon and quashed orders suspending its Future Coupons deal. The ruling ends a five-year legal battle and underscores that regulators must act with legality, fairness and reasoned decision-making. The Supreme Court on Wednesday granted relief to e-commerce giant Amazon by setting aside a Rs 202 crore penalty imposed in the Future Group deal case and quashing orders that had suspended the transaction. A Bench of Justices Vikram Nath and Sandeep Mehta set aside both the Competition Commission of India's 2021 order and the National Company Law Appellate Tribunal's 2022 judgment, which had upheld the findings against Amazon. The top court also directed that any amount deposited or recovered from Amazon be refunded within eight weeks, with 6 per cent annual interest. It further said that if the refund is delayed beyond the eight-week period, the interest rate would increase from 6 per cent to 9 per cent per annum. The dispute originated from Amazon’s 2019 investment in Future Coupons, which the CCI had penalised, alleging non-disclosure of its indirect interest in Future Retail and suppressing material facts. The NCLAT later upheld these findings before the Supreme Court reversed them on Wednesday.

5. Collegium recommends four HC Chief Justices and Senior Advocate V Mohana to be appointed as Supreme Court judges

Collegium recommends four HC Chief Justices and Senior Advocate V Mohana to be appointed as Supreme Court judges The Supreme Court Collegium has recommended the elevation of four High Court Chief Just

1. Munna Moyuddin Shaikh vs. State of Gujarat (26.05.2026 - SC)(MANU/SC/0549/2026)

The Supreme Court of India addressed the appeal by Munna Moyuddin Shaikh against the State of Gujarat, challenging his conviction for murder under Section 302 of the IPC and Section 135 of the Bombay

2. In Re: Illegal Sand Mining in The National Chambal Sanctuary and Threat to Endangered Aquatic Wildlife (26.05.2026 - SC)(MANU/SC/0541/2026)

The Supreme Court of India addressed the issue of rampant illegal sand mining in the National Chambal Sanctuary, involving the States of Rajasthan, Madhya Pradesh, and Uttar Pradesh, and the National

3. Pawan Kumar Sharma vs. Manoj Kumar and Ors. (25.05.2026 - SC)(MANU/SC/0540/2026)

The Supreme Court of India addressed the appeal by Pawan Kumar Sharma and the State of Rajasthan against the acquittal of Manoj Kumar and others by the Rajasthan High Court. The core issue was whether

4. Gujarat Water Supply and Sewerage Board vs. Saryu Plastics Pvt. Ltd. (26.05.2026 - SC)(MANU/SC/0554/2026)

The Supreme Court of India addressed the dispute between Gujarat Water Supply and Sewerage Board and Saryu Plastics Pvt. Ltd. regarding the validity of an arbitral award and the jurisdiction of the Co

5. Mahendra Rai and Ors. vs. The State of Bihar (26.05.2026 - SC)(MANU/SC/0553/2026)

The Supreme Court of India addressed the appeals by Mahendra Rai and others against the State of Bihar, concerning their conviction for a violent incident in 1983 involving mass violence and murder in

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