The proceedings related to alleged lapses by the company in monitoring and supervising the activities of two authorised persons (APs), Deepankar Barman and Nadella Srinivas Rao.

Sebi had issued separate show-cause notices in May 2025 under adjudication and intermediary regulations, alleging that Angel One failed to adequately identify and act on violations committed by the authorised persons.

According to the order, SEBI alleged that Angel One failed to detect unauthorised fund collection activities, did not conduct proper due diligence during inspections, and failed to take appropriate action despite disproportionate trading patterns by the authorised persons.

The regulator also alleged that the brokerage did not adequately scrutinise unauthorised social media activities by one of the authorised persons, including alleged promises of assured returns, unauthorised portfolio management activities and use of Angel One’s brand name and logo.

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In the case of Nadella Srinivas Rao, SEBI alleged that Angel One failed to conduct inspections despite large fund collections and disproportionate trading activity. The regulator also flagged instances where orders were allegedly placed for multiple clients through the same IP and MAC addresses.
Sebi further alleged that both authorised persons were trading through other stock brokers, which the company failed to identify.Pending the proceedings, Angel One filed settlement applications in 2025 without admitting or denying the findings.

Following discussions with Sebi’s Internal Committee, the company agreed to pay Rs 4.28 crore as settlement charges. The proposal was subsequently approved by Sebi’s High Powered Advisory Committee and a panel of Whole Time Members.

The brokerage remitted the settlement amount on May 22, 2026. As a result, the adjudication and enquiry proceedings have been disposed of under the Sebi Settlement Proceedings Regulations.

Scheme aims to transform ‘dated and underused hotel site’

Proposals to demolish an empty hotel on South Shore seafront and replace it with 15 self-contained flats have been lodged with Blackpool planners.

Planning documents show that 33 percent of the apartments (a total of five) will provide affordable housing, if the scheme gets the go ahead.

The application is for the erection of a four storey building comprising 15 self-contained permanent apartments, following demolition of the former Henderson Hotel at 1 Wimbourne Place, a site close to Blackpool Pleasure Beach Resort.

The Henderson Hotel was one of three adjoining hotels being offered for sale early in 2025 at £1.9m as part of a potential redevelopment project.

The site comprised three buildings – the Waldorf Hotel, the Kimberley Hotel and the Henderson Hotel – which required demolition before development takes place.

However, the current application involves the Henderson Hotel only, with no reference made to the other two properties.

A Design and Access Statement by consultants Future Planning and Development Ltd, has been submitted on behalf of the un-named applicants in supporting a Full Planning Application for the scheme.

The statement says that the initial proposals were to provide student accommodation in a new building with some 40 rooms, but Blackpool Council advised the applicants that the scheme would not be supported.

This was because the site was specifically designated for either permanent residential or holiday accommodation, and furthermore, the site was deemed too far away from the new Multiversity to offer easy access for all students.

The council also indicated that because the existing Henderson Hotel was considered visually attractive, “any replacement must show why reuse is not possible.”

Explaining the new need for a new building, the statement says of the current property: “The narrow circulation spaces, rigid structural layout, thin partitions, and outdated configuration present significant and inherent barriers to successful conversion or modernisation.

“Achieving a modern, building regulations compliant layout within the existing envelope would likely require extensive intervention, making comprehensive refurbishment or reuse highly impractical and economically unviable.”

The statement adds: “The vision for the redevelopment of 1 Wimbourne Place is to transform a dated and under used hotel site into a high quality, attractive and inclusive residential environment that makes a positive contribution to the local area.

“The proposal seeks to deliver much needed homes including affordable housing in a sustainable and accessible location close to the seafront and local services.

“It seeks to enhance the appearance and vitality of the streetscape, creating a building that sits comfortably within its setting and reflects the established character of South Shore.

“The proposal aims to support Blackpool Council’s regeneration objectives, providing new housing on brownfield land and contributing to local economic and social wellbeing.

“Overall, the development aims to create a place that residents can be proud to call home. A modern, efficient and well designed housing scheme that aligns with the town’s wider ambitions for sustainable growth.”

In a move to capture the dual market forces of live broadcast television and digital streaming, Fox Corporation on Monday announced it is acquiring Roku, Inc. for $160.00 per share in a deal valued at an enterprise value of $22 billion. 

The combination pairs FOX’s live entertainment, news and sports portfolios — including The Tubi service, the NFL, MLB and FOX News Media — with the top television streaming platform in the U.S. by hours streamed, accelerating the company’s expansion into connected TV advertising.

“This is a defining moment for FOX, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Fox Corporation Executive Chair and CEO Lachlan Murdoch said. “Today, we take the next step: bringing together the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it.”

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“We are executing this acquisition from a position of financial strength — maintaining our investment grade balance sheet while providing our shareholders with an uninterrupted return of capital program in the form of share buybacks and dividends,” Murdoch continued. “Roku pioneered streaming TV and scaled it into a leading CTV platform. Together, we intend to lead its next chapter.”

Fox Corporation announced Monday, June 15, 2026, that it would be acquiring TV maker Roku for $22 billion. (Getty Images)

The transaction positions the combined company as the third-largest player in U.S. television by share of viewing. Currently, Roku is in over 100 million global streaming households, which includes more than half of all U.S. broadband households.

Unanimously approved by the Boards of Directors of both companies, FOX is buying the company using a mix of cash and its own stock. Once the merger is complete, ownership will be split 73% for current FOX shareholders and 27% for Roku shareholders, based on who held shares prior to the deal.

Roku founder, chair and CEO Anthony Wood will maintain an ongoing role at the combined company and will join the FOX Board of Directors following the transaction’s close in the first half of 2027.

“Over the past two decades, we’ve built Roku into the leading TV streaming platform, reaching more than 100 million households globally and reshaping how people discover and enjoy entertainment. I’m incredibly proud of what our team has built, and the combination with FOX is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers,” Wood said.

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“That’s why our Board of Directors unanimously determined after concluding its strategic review process that this transaction offers a significant premium to Roku shareholders while also providing them with the opportunity to participate in the compelling future upside of the combined company,” Wood added. “I couldn’t be more excited about what we’ll accomplish together.”

The deal remains subject to customary closing conditions, including approvals by FOX and Roku shareholders and U.S. and certain non-U.S. regulatory approvals. 

The transaction is expected to close in the first half of calendar year 2027.

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Brickcourt to develop eight units at the Cadbury Business Park

New business units near the A303 in Somerset have been approved by council planning officers after three years of delays.

Brickcourt Ltd. put forward plans in October 2023 to deliver eight new units at the Cadbury Business Park off the A359 Cary Road in North Cadbury, a short distance north of the A303 near Sparkford.

The developer has spent the best part of three years negotiating with Somerset Council over the proposals, putting forward several different designs and addressing issues surrounding the access arrangements.

The council has now finally given these proposals the go-ahead, enabling construction to begin before the year is over.

The business park provides various units for small- and medium-sized enterprises in the parish of North Cadbury and beyond, lying on the main road between the A303 and Castle Cary.

Under the newly-approved plans, eight new units will be constructed within three blocks at the south-eastern edge of the site, providing just over 3,100 sq m of employment space between them.

The existing storage yard and loading area will be retained, with an attenuation pound and new landscaping being created to offset the impact of the new development and reduce the risk of localised flooding.

It is unclear how many new jobs will be created through this development, since this will depend on the tenants who ultimately occupy the units.

A spokesperson for Boon Brown Architects (representing the applicant) said: “The proposed buildings are of an appropriate size, scale, and design to the local context, and have been designed in such a way that will not cause overriding visual harm to the landscape.

“The development provides an appropriate variety of unit sizes, as well as the necessary amenity and parking required.

“This proposal also implements extensive landscaping works which will not only work to screen and mitigate against the impact of the proposed development, but also that of the previously constructed phases of the Cadbury Business Park.”

The council approved the plans through the delegated powers of its planning officers, rather than a public decision by its planning committee south (which handles major applications within the former South Somerset area).

Senior planning officer Ian Cousins said: “The recently adopted North Cadbury and Yarlington Neighbourhood Plan designates land at Cadbury Business Park as an employment site, to meet the needs of North Cadbury and the surrounding parishes.

“The National Planning Policy Framework supports the provision of a prosperous rural economy, and reiterates the government’s desire to support economic growth in rural areas in order to create jobs and prosperity by taking a positive approach to sustainable new development.

“It is considered that infill of this gap between these two existing commercial sites… with a development of a similar scale and character will not have a significant detrimental impact upon landscape character.

“The proposed development will read visually with this existing built form rather than the introduction of new incongruous development within the countryside.”

NEW YORK — Microsoft Copilot faced significant service disruptions on Monday, with thousands of users reporting difficulties accessing the AI-powered assistant across web, desktop and mobile platforms, prompting frustration among professionals relying on the tool for productivity tasks.

The outage affected Copilot’s integration with Microsoft 365 applications, including chat functions, document assistance and image generation features. Users encountered error messages, loading failures and timeout issues, with many turning to social media to share experiences using hashtags such as #CopilotDown and #MicrosoftCopilotDown.

Downdetector and other service tracking sites showed elevated reports of problems, primarily with the web interface and desktop applications. Microsoft has not yet issued a formal statement on the scope or cause of the disruptions, but users in multiple time zones reported similar issues throughout the day.

Scope of the Disruptions

Complaints centered on Copilot’s inability to load responses, authentication failures and general unresponsiveness. Enterprise users integrated with Microsoft 365 environments appeared particularly impacted, with some reporting that the AI assistant was unavailable in Outlook, Word, Excel and Teams.

The timing of the outage coincided with high usage periods for many professionals, amplifying the inconvenience for those depending on Copilot for drafting emails, summarizing documents or generating ideas during meetings. Some users noted intermittent functionality, suggesting the issue may involve backend server capacity or network routing problems rather than a complete system failure.

Microsoft’s service health dashboard provided limited immediate information, directing affected users to standard troubleshooting steps such as clearing cache, restarting applications or checking internet connectivity. However, many reported that these measures did not resolve the problems, indicating a broader service-side issue.

User Frustration and Workarounds

Social media platforms filled with posts from affected users expressing disappointment over lost productivity. Professionals in fields ranging from marketing to software development described switching to alternative AI tools or reverting to manual workflows while awaiting resolution.

Some users found temporary relief by accessing older versions of Microsoft services or using web-based alternatives, but these options lacked the seamless integration that makes Copilot valuable within the Microsoft ecosystem. Enterprise IT teams reported receiving increased support tickets as organizations scrambled to maintain operations.

The outage highlights growing dependence on AI assistants for daily work. As Copilot has become embedded in Microsoft 365 subscriptions, any disruption now carries significant business implications for millions of users worldwide.

Microsoft’s Response and History of Reliability

Microsoft has faced occasional Copilot outages in recent months, often linked to rapid feature rollouts or backend scaling challenges as adoption grows. The company typically resolves such issues within hours, but the frequency has raised questions about infrastructure robustness amid aggressive AI expansion.

Users are advised to monitor Microsoft’s official status pages and support channels for updates. In past incidents, the company has rerouted traffic or applied backend fixes to restore service without widespread communication.

For enterprise customers with dedicated support agreements, escalation through Microsoft 365 admin centers has proven effective in prior cases. Individual users can try signing out and back in or using the service in incognito mode as interim measures.

Broader Implications for AI Reliability

The disruption comes as AI tools like Copilot become central to productivity suites across industries. Reliability concerns are increasingly important as businesses integrate these technologies into core workflows, where downtime can translate directly into lost revenue or missed deadlines.

Industry analysts note that as AI assistants handle more complex tasks, the expectations for uptime rise correspondingly. Microsoft’s challenges reflect broader industry issues with scaling large language models and associated infrastructure under heavy demand.

Competitors offering similar AI productivity tools may see temporary interest spikes during Microsoft outages, though most users remain loyal to the integrated Microsoft ecosystem due to data continuity and feature depth.

Troubleshooting Guidance

Microsoft recommends several steps for users experiencing Copilot issues:

• Restart the application or browser
• Clear cache and cookies
• Check Microsoft 365 service health status
• Verify account permissions and licensing
• Test on alternative devices or networks

Persistent problems should be reported through official support channels to help Microsoft identify patterns and accelerate resolution.

For organizations, IT administrators can use Microsoft 365 admin tools to monitor service health and communicate updates to end users. Proactive monitoring and backup workflows can minimize impact during such incidents.

Future Outlook for Copilot Stability

Microsoft continues to invest heavily in AI infrastructure, with ongoing expansions of data centers and optimization efforts aimed at improving reliability. The company has emphasized responsible scaling and continuous monitoring to prevent widespread disruptions.

As Copilot evolves with new features and deeper integration across Microsoft products, maintaining high availability will be critical to user trust and adoption rates. Past outages have typically been resolved relatively quickly, suggesting Monday’s issues may follow a similar pattern.

Users are encouraged to stay informed through official Microsoft channels rather than relying solely on social media reports, which can sometimes amplify isolated problems. As the AI landscape matures, service reliability is expected to improve alongside technological advancements.

The latest Copilot outage serves as a reminder of the challenges in delivering always-on AI services at global scale. While frustrating for affected users, such incidents also drive improvements that ultimately benefit the broader ecosystem of productivity tools.

Microsoft is expected to provide more details on the root cause and resolution timeline once the service is fully restored. In the meantime, users are adapting workflows and looking forward to resumed access to one of the most widely used AI assistants in the workplace.