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FIDUCIARY ROLE
Meta AI glasses pilot faces privacy scrutinyPrivacy experts are flagging significant risks with Meta's AI glasses pilot for visually impaired citizens in Gujarat. Concerns centre on p...
PMS vs mutual funds: 5 reasons to invest, and 5 red flags to watchPortfolio Management Services (PMS) offer structural advantages over mutual funds, allowing for concentrated portfolios, significant cash h...
How Musk's tactics left investors clamoring for SpaceX stock and ignoring risksOne investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur to buy $10 millio...
GameStop shares tank 10% as CEO skips fundraising question on $55 billion eBay dealGameStop shares fell over 10% after CEO Ryan Cohen sidestepped questions on funding its $55.5 billion bid for eBay. The proposed half-cash,...
Tata Trusts may not recast trustee tenure amid ordinanceTata Trusts, citing legal advice, may not revise existing trustees’ tenures despite a Maharashtra ordinance capping perpetual trustees. Exp...
HDFC Bank exit spotlights board failures; from Satyam Computers to Tata Trusts, governance gaps hit corporates and nonprofits alikeCorporate and social sector boards face governance challenges. Recent events highlight the need for competent, diverse, and cohesive boards...
Word of the day: FiduciaryToday's word of the day 'fiduciary' describes relationships built on legal and ethical trust, where one party must act in another’s best in...
Sebi chief urges public interest directors to uphold governance integrity at MIIsMarkets regulator Sebi chairman Tuhin Kanta Pandey on Wednesday called on public interest directors (PIDs) to ensure that the "public inter...
Appellate Tribunal rules employees can hold cash for employers without it being 'benami transaction'The appellate tribunal has ruled that employees holding cash in a fiduciary capacity for their employers are not engaged in benami transact...
Implementation of data protection law to increase telcos' compliance burden: Legal expert"Implementing the provisions of the (Digital Personal Data Protection) Act will result in robust compliance needs. This will translate to s...
Decoding the role of nominee directors in a firmSection 149(7) of the Companies Act 2013 defines nominee directors as directors nominated by financial institutions under laws or agreement...
Significant controls to govt under data protection bill to hit investments in data centresThe bill proposes to exempt government notified data fiduciaries from sharing details of data processing with the data owners under the "Ri...
SP Group files for review of SC judgment in Tata caseThe petition challenges certain alleged errors in the judgment, which had set aside the order of the National Company Law Appellate Tribuna...
IFF says government must ensure informed consent for data empowerment policyDEPA categorises individuals or organisations into four types
Insider trading: Sebi provides standardize format for code of conduct violations reportingThe regulator said it has been receiving various references from listed firms regarding violations related to code of conduct.
Sebi to discuss stricter norms for fiduciariesThe proposal is likely to be taken up at Sebi’s board meeting next week, the official said.
Srikrishna panel report: Tech companies to undergo data auditsClause 38 of the draft bill says any one collecting data could be termed a 'significant data fiduciary' based on the volume of data process...
Sebi seeks comments on fresh norms for fiduciariesThe move assumes significance as the role of auditors has come under scanner in a number of high-profile cases.
Fraud at listed firms: Sebi to rein in erring auditors, valuersSebi is looking to enhance the regulatory oversight to check such frauds in future.
Investor can also be a mentorThe entrepreneurs, who made it to the last phase of The Power of Ideas, realised at the first of the investor meets that investors are also...