Regulation

Johnson & Johnson to pay over $1 billion penalty on faulty hip replants

The damage claim of more than $1 billion is the third-largest overall jury award in 2016.

Dec 2, 2016

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Jewellery bought from disclosed income, inherited not to be taxed: Govt

Government Thursday clarified that amended Income Tax bill passed by Lok Sabha has no provision to impose tax on legitimate holdings of jewellery.

Dec 1, 2016

Delhi High Court quashes govt's ban on 344 fixed dose combination drugs

In March, the government had banned these combination drugs following a report that deemed they lacked therapeutic efficacy.

Dec 1, 2016

US giving illegal tax subsidy to Boeing, rules WTO

The WTO ruled that the tax cut granted by Washington state to Boeing in 2013 for the forthcoming 777X jet is a prohibited subsidy.

Nov 29, 2016

Why single out Ranveer Singh when we keep mum on scores of other sexist ads?

Advertisement watchdog ASCI consumer council upheld complaints against 152 -- including premier ones -- out of 209 advertisements in August this year.

Nov 24, 2016

Supreme Court dismisses Rs 4,800 crore tax liability on R-Com

SC rejects the SLP filed by the Income Tax department against R-Com treating the proceeds from foreign currency convertible bonds as 'unexplained cash credits'

Nov 22, 2016

India gets muted response to small discovered field auction

Auction of small discovered oil fields by India witnessed subdued interest from global bidders.

Nov 22, 2016

Evening wrap: I-T raid on Janardhana Reddy's firm, non-bailable warrant against Mallya, Selena Gomez sizzles in red and more

Also, read about India withdrawing $15 million in nine days since demonetisation and GK Pillai may head BCCI soon.

Nov 21, 2016

Brexit: High Court rules that parliament must vote over triggering Article 50

UK Prime Minister Theresa May had planned to trigger Article 50 without consulting parliament under the royal prerogative. However, a campaign run by investment fund manager and Remain voter Gina Miller has successfully challenged the government.

Nov 3, 2016

I have a cunning plan: Corbyn likens PMs Brexit plan to Blackadders Baldrick

During Prime Ministers Questions on 26 October, Labour Party leader Jeremy Corbyn accused the government of having no plan when it came to Brexit. Corbyn poked fun at the prime ministers Brexit means Brexit phrase and likened it to that of the Baldrick, a character from the comedy series Blackadder.

Oct 26, 2016

Man jailed for smashing his truck into traffic because he was on his mobile

Razvan Rusu was sentenced to eight months in prison for dangerous driving at Harrow Crown Court for using his mobile whilst driving his HGV lorry. Rusu had used his phone for 2km (1.2 miles) before the crash damaging three cars and injuring two drivers. Rusu pleaded guilty.

Oct 25, 2016

‘Muzzled’ Boris Johnson should quit cabinet over Heathrow approval says Green leader

Green Pary co-leader Jonathan Bartley has called for Foreign Secretary Boris Johnson to stand down after the government approved plans expand Heathrow Airport. Conservative MP for Richmond Park Zac Goldsmith is due to resign from his seat in protest of the plans for a new runway.

Oct 25, 2016

Evening wrap: Delhi HC junks Kejriwal's plea, GST Council decides rate slabs, protests against ADHM and more

Also read about India boosting maritime strength and SBI blocking 6.5 lakh debit cards after suspicious security breach.

Oct 19, 2016

Supreme Court rejects BCCI plea to review order on Lodha panel recommendations

The recommendations of the panel are expected to bring more transparency and accountability to the cricket board.

Oct 18, 2016

Theresa May: Brexit talks will include the maximum possible access to the European market

Theresa May told Parliament at Prime Minsters Questions that Britain will try for a deal with the European Union that will include the maximum possible access to the single market. Maintaining the governments message of optimism and prosperity, May also went on to say that she was optimistic about the UKs prospects after Brexit.

Oct 12, 2016

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