The National Company Law Appellate Tribunal (NCLAT) has postponed the final hearing of Google’s appeal against the Competition Commission of India’s (CCI) order imposing a penalty of Rs 936 crore, media reports said. In a notice released on November 24, the NCLAT deferred the hearing of Google’s appeal, which was […]
Supreme Court judge Justice Sanjiv Khanna Sunday said there was a “pressing need” to make laws simpler, accessible, more humane and relatable to the younger generation. The top court judge, who is next-in-line to become the Chief Justice of India (CJI) after the retirement of incumbent CJI D Y Chandrachud […]
The Chief Justice of India, D.Y. Chandrachud, has expressed concerns over the reliance placed by the petitioners in the Adani-Hindenburg case on certain media reports to level allegations against the Adani Group and India’s regulatory system. The court said that the Securities and Exchange Board of India (SEBI) cannot be […]
Capital markets regulator Sebi on Friday came out with a proposal to provide flexibility in adopting trading plans by persons, who are perpetually in possession of unpublished price sensitive information. Under the rule, ‘Trading Plans’ (TP) enable persons like senior management or Key Managerial Personnel (KMP), who are perpetually in […]
Leading exchanges BSE and NSE have imposed a fine of Rs 5,42,800 each on state-owned Power Grid Corporation for not having the required number of independent directors, including one woman. The NSE and BSE have imposed a fine of Rs 5,42,800 for non-compliance, Power Grid Corporation said in a regulatory […]
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from “poor governance” and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors’ concerns, the central bank did not put […]
The RBI on Friday slapped penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for the breach of banking norms. A fine of Rs 5 crore has been imposed on Citibank NA for non-compliance of norms related to the depositor education and awareness fund scheme, […]
India’s government on Friday warned social media firms including Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by deputy IT minister Rajeev Chandrasekhar in a closed-door meeting where […]
Colombian superstar Shakira has paid 6.6 million euros ($7.2 million) to a Spanish court investigating her for unpaid taxes, her agent said Friday, just days after she reached a deal to avoid trial in another tax case. Spanish prosecutors in July opened a second case against the 46-year-old singer, accusing […]
The National Company Law Tribunal (NCLT) on Thursday extended the moratorium for the Wadia-owned airline Go First airline under the Corporate Insolvency Resolution Process by another 90 days. The NCLT directed that the resolution plan be completed within the stipulated time period which ends on February 4, 2024. Failure to […]