It was alleged that bundling of the anti-virus software was...
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Sebi income rises 48% to Rs 2,075 cr in FY24, driven by fees, subscriptions
This category of income included earnings from annual fees and...
HC stays special court order directing FIR against ex-Sebi chief Buch, 5 others
The HC's judgement came on petitions filed by Buch, three current...
CCI orders probe against Apple’s alleged unfair business practices
The order from the CCI comes after a non-profit group alleged this year that Apple was abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system New Delhi: The Competition Commission of India (CCI) on Friday...
India’s market regulator tightens stock market listing rules
"When any entity raises money under an IPO, it is for some purpose and investors are investing for that purpose, so that needs to be strictly monitored," Ajay Tyagi, chairman of SEBI, told a news briefing after the regulator's board meeting MUMBAI: India's market...
2022: Daunting labour reforms, informal workers’ social security fund await take off
There is a provision in the industrial relations code that any unit with up to 300 workers will not need permission from the appropriate government for closure, retrenchment and lay off. At present, the threshold is 100 workers New Delhi: Ushering in a big wave of...
Tesla recalls more than 475,000 vehicles over Over Camera, Trunk Safety issues
“Unavailability of the rearview camera display may affect the driver’s rear view and increase the risk of a collision,” the National Highway Traffic Safety Administration (NHTSA) said Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S electric cars...
LIC, GIC Re, New India continue to be systematic important insurers, need extra supervision: IRDAI
Domestic systemically important insurers(D-SIIs) are already being subjected to enhanced regulatory supervision as the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy On Thursday, the...
Government notifies new rules for direct selling industry, seeks to safeguard interests of consumers
Every direct selling entity shall establish a mechanism for filing of complaints by consumers through its offices or branches or direct sellers, either in person or through post, telephone, e-mail or website They should have a grievance redress officer to acknowledge...
India’s monetary policy financially inclusive by design: RBI DG Patra
Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising from 49.9 in March 2019 to 53.1 in March 2020 and further to 53.9 in March 2021, Patra said at an event organized at the Indian Institute of Management (IIM),...
RBI extends card tokenisation deadline by 6 months till Jun-end
Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards The RBI in September prohibited merchants from storing customer card details on their servers with effect from January 1, 2022, and mandated the adoption of CoF...
Govt mandates telcos to keep call data, internet usage record for 2 years
"The licensee shall maintain all commercial records/call detail record/exchange detail record/IP detail record with record to the communications exchanged on the network. Such records shall be archived for at least two years for scrutiny by the licensor for security...
Curious case of IRDAI allowing Share Premium as equity capital for ITI Re
"By no stretch of imagination that the share premium amount be taken into account as part of the minimum paid up capital requirement of an insurance or reinsurance company either under the Insurance Act or the Companies Act," D Varadarajan, a Supreme Court lawyer...