"Based on the perceived risk associated with the transaction,...
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Regulation
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100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance
The proposed changes to the Amended 2015 Rules make it clear that...
Karnataka HC rejects social media platform X Corp’s petition challenging takedown orders
"Social media needs to be regulated, and its regulation is a must,...
Sebi clears Fairfax-backed Digit’s IPO after delay
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its IPO to prospective investors over the next month and targets a listing by May, said a person with direct knowledge of the matter It plans to raise Rs 12.5 billion rupees ($151 million) through its...
Meta targeted in privacy complaints by EU consumer groups
"Surveillance-based business models pose all kinds of problems under the GDPR and it's time for data protection authorities to stop Meta's unfair data processing and its infringing of people's fundamental rights," Ursula Pachl, deputy director general of the European...
US says to investigate national security data risks from Chinese vehicles
"China's policies could flood our market with its vehicles, posing risks to our national security," President Joe Biden said in a statement. "I'm not going to let that happen on my watch." The Commerce Department will seek comments for 60 days on the potential risks...
Biden issues executive order to better shield Americans’ sensitive data from foreign foes
US President Joe Biden The officials said activities like computer hacking are already prohibited in the US, but that buying potentially sensitive data through brokers is legal. That can represent a key gap in the nation's national security protections when data is...
Hinduja Group to delist Reliance Capital from bourses, shares to be extinguished
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing by RCL Mumbai: Hinduja...
Govt highlights GIFT City as funding destination for Startups
''So far, the startup founders have largely used VC from abroad for funding. The government would prefer that they use other avenues for funding including the offshore financing framework that we set up in GIFT City,'' Rajesh Kumar Singh, the secretary of the...
Maha to inspect outlets of global fast-food chains after McDonald’s cheese crackdown
McDonald's biggest India franchisee, Westlife Foodworld, has been defending its use of "real cheese" after media reported that state authorities last year found some products made use of so-called cheese analogues of vegetable oil, rather than real cheese Mumbai:...
NCLT approves Hinduja Group firm IndusInd International Holdings’ resolution plan for Reliance Capital
However, no final decision on the matter can be taken by the lenders of RCL now as the Supreme Court's stand on the Torrent Investment's plea against the second round of auction held by the lenders of RCL is still pending with the apex court Mumbai: The National...
Govt may look at enhanced KYC requirements for certain class of corporates
As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total, 16,65,438 companies, or 63 per cent were active, as per the latest official data New Delhi: The matters related to KYC (Know Your Customer), including a...
FM Sitharaman stresses on compliance of norms at meet with fintech heads
While the government has made it clear that there can be no compromise over the compliance to regulatory norms, it has also given the assurance that the fintech sector is seen as playing a key role in the Indian economy and various steps have been taken to nurture the...