SUPREME COURT

Amazon Moves Supreme Court Seeking Damages From Future Group: Report (NOV 17, 2022)

Amazon has moved the Supreme Court for allowing arbitration proceedings with the Future Group to continue before the Singapore International Arbitration Centre (SIAC). In June, the SIAC had rejected a Future Group plea seeking termination of arbitration proceedings over Amazon’'s investment in Future Coupons. Future Group moved the Delhi High Court last month against the SIAC ruling.

Future Group and Amazon have been locked in a battle after the former decided to sell its Big Bazaar business to Reliance Retail, a subsidiary of Reliance Industries.

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DELHI HIGH COURT

Electricity essential service, person cannot be deprived of it without lawful reason: Delhi high court (NOV 17, 2022)

Justice Manoj Kumar Ohri said that authorities cannot deprive a legal occupant of electricity by insisting on a no objection certificate (NOC) from those claiming to be the owners, even when there is a dispute over the ownership of a property.

The observation came on a petition by two senior citizens who sought a direction to BSES Yamuna Power Limited to install a fresh electricity meter at the premises they were residing in. 

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CYBER SECURITY

India, Australia hold 5th bilateral cyber policy dialogue in New Delhi (NOV 17, 2022)

The Cyber Policy Dialogue was held under the aegis of the India-Australia Framework Arrangement on Cyber and Cyber-Enabled Critical Technology Cooperation and Plan of Action 2020-2025 for comprehensive and deeper cyber cooperation, the official statement read.

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NEWS AT GLANCE

  • Enforcement Directorate questions Hemant Soren in Ranchi in a money laundering case.
  • Government rejects media reports about rushed approval to Covaxin due to Political Pressure.

WORD OF THE DAY

Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe.

MARKET TODAY (as on 17.11.2022)

BSE SENSEX              61,750.60 INR▼ -230.12 (-0.37%)  

NIFTY 50                    18,343.90 INR▼ -65.75 (-0.36%)

1 US Dollar = 81.66 Indian Rupee (Last updated · 17 November at 1:32 pm UTC)

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