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LEGAL OBLIGATIONS OF REGULATORS
Ola Electric files application to settle Sebi probeOla Electric and its founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stoc...
Sebi eases winding-up norms for AIFs, introduces 'inoperative fund' frameworkSebi has introduced a new framework allowing Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their fund life unde...
Europe rolls out new migration system: Here's what you need to knowThe EU's new Pact on Migration and Asylum is now in effect, introducing mandatory screening for irregular arrivals and border asylum proced...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
Dead insect in biriyani: Restaurant ordered to pay Rs 10,000 compensation and serve diner 2 fresh biriyani plates every Sunday for next 5 weeksA man in Puducherry received Rs 10,000 in compensation and Rs 3,000 for legal expenses after finding a dead insect in his biriyani. The con...
AI world vastly different from IT Act era, believe new law is needed: Union minister VaishnawIndia's IT Minister Ashwini Vaishnaw believes a new law is needed for Artificial Intelligence. The current IT Act, enacted in 2000, predate...
India's biggest trade bet comes with six red flagsIndia may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Resea...
Trai plan to regulate internet TV triggers pushback from OTT, broadcaster groupsIn a bid to regulate, India's telecom authority TRAI is exploring potential guidelines for online television services, sparking a backlash ...
Chhattisgarh HC says Economic Value of Frozen Assets must be preserved during PMLA proceedingsThe Chhattisgarh High Court ruled that asset preservation under PMLA includes safeguarding economic value, not just legal control. This all...
Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: WiproIT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and fina...
Court rules EU must drop strict curbs on Facebook MarketplaceThe appeal before the EU's General Court in Luxembourg regarded the platforms' designation under the Digital Markets Act (DMA), one of seve...
New Dubai shared housing rental law: 5 big changes as land department can now order tenant eviction, cancel landlord permits if new rules are not followedDubai is introducing a new law for shared housing. Landlords must get permits from the Dubai Land Department. Non-compliance can lead to te...
Delhi HC upholds TRAI’s 12-minute ad cap, dismisses TV broadcasters’ petitionsIn a landmark ruling, the Delhi High Court reaffirmed the regulations restricting TV advertisements to a maximum of 12 minutes per hour. Br...
Sebi drops disclosure case against NDTV, closes proceedings without penaltySebi has closed adjudication proceedings against NDTV without penalty, concluding the company did not violate disclosure requirements. The ...
Australian watchdog sues Amazon unit over children's backpack safetyAccording to the Australian Competition and Consumer Commission (ACCC), the company is accused of supplying children's "Unicorn Toddler Bac...
SC quashes CCI’s Rs 202 crore penalty on Amazon over Future Coupons dealThe Supreme Court has overturned a Rs 202-crore penalty imposed on Amazon by the Competition Commission of India. This penalty was related ...
Pope calls for robust regulation of AI in manifesto that ponders the future of humanityPope Leo XIV's encyclical, "Magnifica Humanitas," urges robust AI regulation and ethical development for humanity's good, not profit. He wa...