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• SpiceJet in the Green After 7-Year Hitch, Legal Tangles Untied, Set to Soar in FY26

  SpiceJet posted its first full-year profit in seven years, reporting ₹48 crore net profit in FY25 and ₹319 crore in Q4 alone—a 12x jump. The airline resolved major legal disputes, boosted investor confidence, and expanded its fleet and routes. With improving financials, renewed credibility, and ambitious operational plans, SpiceJet is poised for a stronger FY26 despite lingering challenges.

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• Law firm JSA’s partner Iqbal Khan to join Cyril Amarchand Mangaldas with 12-member team

  An alumnus of the London School of Economics and Political Science and Columbia University School of Law, Khan began his career with the US-headquartered firm Paul, Weiss, Rifkind, Wharton & Garrison LLP in 2008, later moving to Kirkland & Ellis LLP. In August 2013, he joined the Indian full-service firm Khaitan & Co., and in 2015, he transitioned to Shardul Amarchand Mangaldas & Co. (SAM & Co).

  

• US appeals court won't reconsider Trump's $5 million loss to E. Jean Carroll

  Donald Trump's attempt to overturn the $5 million verdict in the E. Jean Carroll case has failed, as a federal appeals court upheld the jury's decision that he sexually abused and defamed her. The court rejected Trump's arguments regarding the admissibility of the "Access Hollywood" video and testimony from other women. Trump is also appealing a separate $83.

  

• Live Nation case at US Supreme Court tests reach of arbitration law

  New Era ADR has requested the U.S. Supreme Court to overturn a decision. The decision criticized its arbitration rules as unfair. This involves a case with Live Nation. Live Nation faces accusations of high ticket prices. They tried to move the dispute to arbitration. The 9th Circuit rejected New Era's rules. Live Nation denies any wrongdoing.

  

• Sebi whole-time member flags 'valuation shopping', says it's time for valuers to make disclosures like credit rating firms

  Delivering the keynote address at ETCFO NextGen Summit 2025, Ananth Narayan said there are some perceived challenges around valuations including a perceived conflict of interest, “valuation shopping”, and wide divergence in valuations due to differing assumptions.

  

• SEBI's Ananth Narayan Highlights AI's Role in Transforming India's Capital Markets Compliance

  
  Hosted by ETLegalWorld in collaboration with Microsoft India and supported by the Bombay Bar Association. Bringing together India’s foremost legal minds, regulators, judges, and tech innovators, the event spotlighted the intersection of law and artificial intelligence in an era defined by digital disruption.

  

• Benevolent Law Chambers advises Bengaluru Sports-Tech Startup Septathlon to raise $1.5 million

  Bengaluru's sports-tech startup Machaxi secured USD 1.5 million in funding. Zerodha's Rainmatter Investments led the investment round. Badminton legend Prakash Ramesh Padukone also participated. Benevolent Law Chambers (BLC) advised Machaxi on the fund raise. BLC also facilitated Machaxi's collaboration with Padukone School of Badminton. They plan to launch 1,000 coaching centers across India.

  

• Zameer Nathani joins DNEG as Global General Counsel

  DNEG, the Oscar-winning VFX powerhouse, has appointed Zameer as part of its global Senior Management Team to oversee global legal and governance. With over 23 years of experience in technology, media, and digital businesses, Zameer will advise on high-stake matters, AI tech development, and IP protection.

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• Top Law Firm Leaders Chart a Human-Centric AI Roadmap for India’s Legal Future

  At the ETLegalWorld–Microsoft India conference in Mumbai, top law firm leaders emphasized the need for transparent, ethical, and human-guided AI adoption in legal practice. Moderated by Microsoft’s Jyoti Pawar, the panel stressed data discipline, sector-specific regulation, and lawyer upskilling. From in-house tools like “KAI” to platforms like Harvey, speakers warned against over-reliance on AI, advocating a balanced model where technology supports—without replacing—legal judgment.

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• "AI Meets Justice: India’s Legal Luminaries Unite to Reimagine the Future of Law"

  In a landmark gathering at the Grand Hyatt, Mumbai, ETLegalWorld and Microsoft India, with support from the Bombay Bar Association, hosted "Reimagining Legal Practice with AI"—a historic dialogue between law firms and the judiciary on AI’s role in shaping legal systems. The conference brought together top judges, law firm leaders, regulators, and technologists in a rare convergence to debate the promise and perils of AI in justice delivery.

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• RBI cancels VRR auction for third time amid stable liquidity

  The RBI has announced the cancellation of the 14-day variable rate repo (VRR) auction for the next fortnight, marking the third consecutive cancellation. This decision reflects the central bank's confidence in the banking system's liquidity, even with anticipated outflows of approximately ₹3 lakh crore for advanced tax and GST payments.