Top headlines: SC dismisses AGR review petitions, ED summons AirAsia execs

Supreme Court dismisses AGR review petitions filed by telecom companies

In a major setback for telecom companies, the Supreme Court on Thursday dismissed Adjusted Gross Revenue (AGR) review petitions filed by telcos. Dismissing the review pleas seeking relief on interest, penalty payments, the apex court said that the telcos were at liberty to file curative petitions against the review petition. Read more

ED summons AirAsia executives, CEO Fernandes in money laundering case

The Enforcement Directorate (ED) has summoned senior executives of AirAsia including CEO Tony Fernandes for questioning in connection with a money laundering case, officials said on Thursday. Read more

Wockhardt becomes first Indian company to get nod for novel antibiotics

In a first, pharma major Wockhardt has got the nod from the Drug Controller General of India (DCGI) for two new antibiotic medicines, which it plans to launch in the Indian market over the next few months. In the last 15 years, there has been no new antibiotic launch in this category (gram-positive bacterial infections) in India. Read more

Will engage with India, says Malaysia as Modi govt curbs palm oil import

Malaysia will use diplomatic channels as it moves to resolve concerns over palm oil exports after India imposed some curbs last week, a minister said on Thursday. Read more

US-China trade deal: Initial pact may reduce tensions but doubts remain

China will boost spending on US products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved. Read more

PMC Bank scam: No relief for Wadhawans as SC stays HC order on house arrest
The Supreme Court on Thursday partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, accused in the multi-crore Punjab & Maharashtra Cooperative (PMC) Bank scam case, from Mumbai's Arthur Road Jail to their residence. Read more