India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
CHENNAI: The Madras High Court on Friday directed Sony Music Entertainment India Private Limited to produce the accounts of revenue it earned through the "commercial exploitation" of composer Ilaiyaraaja's musical works. The direction was issued by Justice N Senthilkumar while hearing the civil suits and applications filed by Ilaiyaraaja against Sony Music, Echo Recording Company Private Limited, and Oriental Records, alleging exploitation of his works without consent. The judge granted time till October 22 for the company to produce the records of accounts. Ilaiyaraaja stated that he has always maintained that ownership and rights are protected under the Copyright Act, 1957, and as per Section 17, he is the first owner of his musical work in the absence of any written assignment to the contrary. Under Section 14, he holds the exclusive right to reproduce, adapt and communicate his works to the public. "Crucially, I possess inalienable moral rights under Section 57, which empowers me to protect the integrity of my compositions from any distortion, mutilation or modification that would be prejudicial to my honour or reputation," he said. He noted that any person or entity seeking to use such protected works for commercial benefit, public exploitation, or business gains is legally obligated to obtain the necessary permissions, or sanctions directly from the rightful owner and creator of these works i.e., the plaintiff in this case. Ilaiyaraaja further stated that failure to obtain such proper authorisation constitutes infringement of his exclusive rights over his musical compositions and sound recordings. Senior counsel S Prabhakaran, representing the composer, submitted that Sony Music is exploiting his musical works through various digital platforms and streaming services without compliance with the Copyright (Amendment) Act, 2012, without paying the statutorily mandated equal share of royalties.
Chennai, July 2 (SocialNews.XYZ) In an effort to resolve the ongoing standoff between the Tamil Film Producers Council (TFPC) and the Film Employees Federation of South India (FEFSI), the Madras High Court on Wednesday appointed former judge Justice M. Govindaraj as a mediator. The decision was made by a bench of Justice K. Kumaresh Babu, who directed the mediator to initiate dialogue with both parties and submit a report to the court at the earliest. The dispute has led to the suspension of several film productions, causing significant financial losses to producers. Advocate Krishna Ravind ...Read More >
Mumbai, July 10 (SocialNews.XYZ) Singer Shilpa Rao, who has crooned the female version of "Barbaad" in upcoming film "Saiyaara", said that for her music has always been about connecting with people's emotions. "Music, for me, has always been about connecting with people's emotions," said the singer. She said that Barbaad is a heartbreak song, and singing the female version allowed her to explore a different emotional perspective. "I've been receiving so many messages from people saying they're moved by the song, feeling heartbreak through it -- even when they haven't gone through one themse ...Read More >
A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran took note of the submissions of senior advocate Abhishek Singhvi, appearing for Sony Entertainment, that a fresh lawsuit has been instituted by the IMMA in the Madras High Court after the top court dismissed a similar case. On July 28, the bench headed by the CJI had dismissed a plea of legendary music composer Ilaiyaraaja seeking to transfer a copyright dispute involving over 500 of his musical compositions from the Bombay ...Read More >
A group of Thiruparukundram residents will hold a fast in support of lighting the lamp ShowQuick Read Summary is AI-generated, newsroom-reviewed * Tamil Nadu advocate general questioned the authenticity of the Deepathoon practice on Thiruparukundram hill * The state claimed Karthigai Deepam has been lit near Uchipillaiyar temple for over 100 years * The government challenged a December 1 order allowing temple administration to light the Deepam on the hilltop Did our AI summary help? Let us ...Read More >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidity, coupled with reductions in the repo rate and cash reserve ratio (CRR), is expected to support nea ...Read More >
Ahmedabad, July 14 (PTI) The Gujarat High Court on Monday directed a man, facing contempt of court for attending a virtual court hearing while relieving himself on a toilet seat, to deposit Rs 1 lakh with the court's registry after observing that he was ready to tender an unconditional apology. The incident occurred on June 20 when Justice Nirzar S Desai was hearing a case. A video of the man soon went viral, prompting the high court to initiate suo motu contempt proceedings. On Monday, the division bench of Justices AS Supehia and RT Vachhani directed the man, identified as Samad Abdul Rehm ...Read More >
Chennai: Chief minister M K Stalin announced on Saturday an annual award named after musician Ilaiyaraaja for best performing music composers from Tamil Nadu. State govt felicitated Ilaiyaraaja for 50 years of his music journey in Tamil cinema at the Nehru Indoor Stadium in Chennai. During the function titled 'Tamil maestro who scaled the heights of symphony', Stalin praised Ilaiyaraaja, saying, "Everyone would have hummed Ilaiyaraaja's song in TN at least once. His songs will fit in every mood a ...Read More >
* Ex-NCB officer Sameer Wankhede moves Delhi High Court over Aryan Khan's Ba***ds of Bollywood series * Wankhede, who arrested Aryan Khan on a false drugs charge in 2021, claims damages over his portryal * He has sought Rs 2 crore for alleged malicious depiction of himself and the federal anti-drugs body Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Ex-Narcotics Bureau officer Sameer Wankhede - the centre of a massive row in October 2021 after he arrested Bollywood ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade becau ...Read More >
New Delhi, Sep 29 (PTI) The Sahara India Commercial Corporation Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. The plea, which was mentioned for hearing recently, would likely come up on October 14. Seeking the permission, the plea filed through advocate Gautam Awasthi, said, "..to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited, for the consideration and on the terms and conditions as set out in ...Read More >
Madurai (Tamil Nadu) [India], December 17 (ANI): The controversy over the lighting of Karthigai Deepam at the stone Deepathoon at Thiruparankundram continues to snowball. Sikkandar Dargah Secretary Arif Khan, has now claimed that there is no evidence which suggests that lamps have traditionally been lit at the hill. He further asserted that lamps have been lit only at the Uchi Pillaiyar Temple, and added that in earlier court orders, the structure was not described as a deepathoon (lamp pillar). Also Read | Parliament Winter Session 2025: Union Minister Shivraj Singh Chouhan to Move VB-G RAM ...Read More >
NEW DELHI: The Delhi High Court has safeguarded the personality rights of preacher Aniruddhacharya, also known as 'Pookie' Baba, and restrained the unauthorised use of his name, voice, and image for memes, videos, or any other content.Justice Tushar Rao Gedela passed the interim order on March 30 following a lawsuit filed by Aniruddhacharya.The court directed social media platforms, including Meta, X, and Google, to remove the content identified by the plaintiff that unlawfully used or imitated h ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
The Supreme Court on Thursday suggested Tamil film director and politician Seeman to tender an unconditional apology to an actor who lodged a case against him in 2011 alleging rape on the false promise of marriage. IMAGE: Naam Tamilar Katchi leader Seeman addresses a press meet, Chennai, July 12, 2024. Photograph: ANI Photo A bench comprising Justices B V Nagarathna and R Mahadevan was hearing Seeman's plea challenging a Madras high court order refusing to quash the case against him. "She is t ...Read More >
CHENNAI: Music composer Ilaiyaraaja has accused major music companies and film producers of unauthorisedly exploiting his works for commercial gain, infringing upon his copyright and moral rights. The submissions were made before Justice N. Senthilkumar of the Madras High Court on Wednesday, when petitions filed by Ilaiyaraaja came up for hearing. The composer has moved the court against Sony Music Entertainment India Pvt. Ltd., Echo Recording Company Pvt. Ltd., and Oriental Records, alleging they have used his music without due authorisation or consent. Appearing for Ilaiyaraaja, senior cou ...Read More >
The Madras High Court on Monday (April 6, 2026) quashed the criminal prosecution launched by the Income Tax (I-T) department against film producer, director, and actor Gautham Vasudev Menon for the alleged failure on the part of film production and distribution firm, Photon Kathas Production Private Limited of Chennai, to file its I-T returns for the assessment year 2013-14. Justice G.K. Ilanthiraiyan allowed Mr. Menon's quash petition pending since 2023. Making it clear that the prosecution was ...Read More >
The Supreme Court has sought responses from the Centre, SEBI, and other stakeholders on Sahara India Commercial Corporation Ltd's plea to sell 88 prime properties to Adani Properties. The court ordered the Ministries of Finance and Cooperation to be made parties and requested the amicus curiae to collate details of the properties, including any disputes. New Delhi, The Supreme Court on Tuesday sought the response of the Centre, the Securities and Exchange Board of India (SEBI) and other stakehol ...Read More >
Mumbai (Maharashtra) [India], October 22 (ANI): Filmmaker Neeraj Ghaywan's film 'Homebound', which was recently chosen as India's contender for the Oscars 2026, is now all set to open the upcoming edition of the Dharamshala International Film Festival. The 14th edition will open with Ishaan Khatter and Vishal Jethwa-starrer 'Homebound' and close with Anuparna Roy's Venice prizewinner 'Songs of Forgotten Trees', as per Variety. Also Read | 'There Used To Be Gatherings at Home': Rajat Bedi Recounts Legendary Bollywood Open Lunches at Father Narendra Bedi's Office and Praises Co-Star Raghav Juy ...Read More >
Madurai: The stone pillar atop Thiruparankundram hill in Madurai district is situated in an area belonging to Sikandar Badusha Dargah, Tamil Nadu Wakf Board said in Madras HC on Tuesday.A submission to this effect was made by the wakf board during a hearing on a batch of appeals challenging a single judge's order directing the Subramaniya Swamy temple management to light Karthigai Deepam at the stone 'Deepathoon' (lamp post) on one of the peaks of Thiruparankundram hills, apart from the other usu ...Read More >
The Madras high court on Thursday issued a notice to actor-politician Vijay's fledgling party Tamizhaga Vetri Kazhagam (TVK) on a suit alleging copyright infringement of the party's flag design. Justice Senthilkumar Ramamoorthy issued the notice on a civil suit filed by GB Pachaiyappan, a member of the trust, Thondai Mandala Saandror Dharma Paribalana Sabai (meaning Thondai Zone Witnesses Virtue Upkeep Council). Pointing out to the red and yellow colours used and the logo, the plea alleges that ...Read More >
NEW DELHI: The Supreme Court on Wednesday sought a response from music composer Dr Ilaiyaraaja after hearing a transfer petition filed by Sony Music Entertainment seeking the transfer of a copyright dispute from Madras High Court to the Bombay High Court. The bench of CJI BR Gavai and Justice K Vinod Chandran agreed to consider the matter and issued notice to Ilaiyaraaja, asking him to file a reply against Sony's plea. During the hearing on Wednesday, senior advocate Abhishek Manu Singhvi, appearing for Sony, argued that the issue pertains to the copyrights over the musical works of Ilaiyara ...Read More >
Mumbai (Maharashtra) [India], October 16 (ANI): Actor Karisma Kapoor on Thursday remembered her late ex-husband, businessman Sunjay Kapur, on his birth anniversary, amid an ongoing legal dispute over his estate. Karisma shared a picture of a cake with "Happy birthday Dad" written on it, in memory of Sunjay, who passed away earlier this year. The post was also shared by her sister, actor Kareena Kapoor Khan, who added an emotional note, writing, "My sam and kiu, dad is protecting you always and forever," and included a heart emoji. Sunjay Kapur, the chairman of Sona Comstar, a well-known aut ...Read More >
New Delhi, Apr 9 (PTI) The Delhi High Court on Thursday referred to mediation a dispute over the alleged unauthorised use of a song from the 1989 film "Tridev" in "Dhurandhar 2". Justice Tushar Rao Gedela passed the order on a lawsuit filed by "Tridev" maker, Trimurti Films, against Aditya Dhar's B62 Studios Pvt Ltd and Super Cassettes Industries Pvt Ltd. Trimurti Films alleged that Dhurandhar 2's track "Rang De Lal (Oye Oye)" used Tridev's track "Tirchi Topi Wale" without due authorisation. The claim was opposed by the defendants. Justice Gedela listed the case for hearing on May 6, obser ...Read More >
On November 16, Nayanthara lashed out at Dhanush for sending her a legal notice and demanding Rs 10 crore. Actor Dhanush has filed a civil lawsuit against Nayanthara, accusing her of using footage from his production Naanum Rowdy Dhaan in her Netflix documentary without his consent. According to The Hindu, the lawsuit was filed in the Madras High Court and names both Nayanthara and her husband, filmmaker Vignesh Sivan, as defendants. Wunderbar Films has filed an application with the Madras High Court requesting permission, under Clause 12 of the Letters Patent, to include Los Gatos Productio ...Read More >
Chennai, Jul 20 (PT) The Madras High Court has observed that the ED was not a "drone" to attack at will, and nor was it a "super cop" to investigate anything and everything which comes to its notice. A division bench of Justice M S Ramesh and Justice V Lakshminarayanan made the observations while hearing the plea by city-based RKM Powergen Private Ltd challenging the Enforcement Directorate (ED) seizing Rs 901 crore of its fixed deposits in connection with a PMLA case. The ED action came on the basis of an FIR registered by the CBI in 2014 over the allocation of coal blocks for a power plant ...Read More >
Mumbai: Offering a reprieve to actor Akshay Kumar against unknown persons and some e-commerce sites for infringing his personality rights, the Bombay High Court directed the immediate removal of certain 'deepfake' content online. The HC said its immediate interim intervention was necessary and "such content needs to be removed from the public domain immediately, not only in the interest of the actor but also in the larger public interest".Justice Arif Doctor, whose order was made available on Thursday, said he perused the suit filed by the actor and noted that what was "truly alarming in a num ...Read More >
CHENNAI: The Madras High Court has directed private carrier Air India to pay Rs 35,000 to a passenger who suffered health complications after eating the food provided by the airliner that contained hair. He experienced vomiting and stomach pain after eating the food. Justice PB Balaji gave the directive recently while partly allowing the appeal filed by Air India Limited, which challenged an order of a trial court that directed it to pay a compensation of Rs one lakh. The judge said that in one breath, they claimed that there were seven airline staff on board, and the plaintiff (passenger) ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >