Indian refining officials said they have told Russian oil suppliers...
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Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as...
EU to review corporate liability under Europe’s toughest ESG Law
Plans to cut reporting requirements — especially for small and...
Cos can incorporate rewards, incentives to achieve ESG goals
According to Willis Towers Watson’s Global Executive Compensation Trends, ESG has become a critical business consideration, impacting companies’ cost of, and access to, capital. ESG goals and outcomes directly impact the company’s reputation with the public and employees, and often play a role in attracting and retaining a new generation of talent.
Companies with strong ESG practices have been found to deliver more sustainable returns, including higher levels of value creation and risk mitigation.
Sebi bans 85 entities from capital mkts for fraudulent trading
The investigation was conducted to ascertain whether there was any violation of the provisions of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices ) Regulations by certain entities while trading.
In its probe, Sebi found that pursuant to allotment of shares under the scheme of amalgamation, Sunrise Asian and its then directors had devised an arrangement whereby 83 connected entities had manipulated the price of the scrip in four patches of trading during the investigation period, thereby violating PFUTP norms.
FSSAI asks e-tailers to delist non-dairy products claiming as dairy items
”Since a lot of such products are sold through e-commerce Food Business Operators (FBOs), FSSAI has instructed all e-commerce platforms to delist such products, which are reported to be in contravention to the regulatory provisions related to the application of dairy ‘terms’ from their online platforms, immediately,” it said.
The FSSAI has further directed that no such defaulting products listed on the online platforms are allowed for sale in the future as well.
FSDC asks regulators to keep constant vigil on financial sector
It also discussed issues relating to management of stressed assets, strengthening institutional mechanism for financial stability analysis, framework for resolution of financial institutions and issues related to IBC, banks’ exposure to various sectors and government, data sharing mechanisms of government authorities, internationalisation of Indian rupee and pension sector related issues.
German companies not allowed to check on employees’ vaccine status
But Germany has strict data privacy laws because of its history of Nazi and Communist state surveillance of citizens, meaning that companies have no right to find out about health issues relating to their staff.
German businesses have been pushing to be able to ask staff about vaccination and the government is trying to get more people to get the shots as infections rise again. Almost 61% of the population has had both shots and 65% at least one.
WhatsApp fined $266 mn by Irish regulator over data transparency breaches
Under the three-year-old GDPR law, authorities have powers to fine companies as much as 4% of their annual sales. The rules put watchdogs based in a company’s chosen EU hub in charge of supervising them. But the Irish regulator, which has at least 28 privacy probes open targeting tech giants such as Apple Inc. and Alphabet Inc.’s Google, has faced mounting criticism for taking too long to wrap up its cases.
Ping An Insurance denies regulator halted sales of alternative investments
The nation’s largest insurer by market value is facing a setback after impairments related to troubled property developer China Fortune Land Development Co. wiped 20.8 billion yuan ($3.2 billion) from profit in the first half. The company on Friday had signaled the worst of the hit may be over and it may even claw back some of the losses this year if the debt situation of the developer improves.
US govt asks Tesla how Autopilot responds to emergency vehicles
The agency wants to know how Teslas detect a crash scene, including flashing lights, road flares, reflectorized vests worn by responders and vehicles parked on the road.
Madras HC puts order on `bumper-to-bumper cover’ for new vehicles on hold
GI Council had sought certain clarifications as well as time from the Madras HC , pointing out the order cannot be implemented from Spt o1 and it is advisable to hear the various interested parties in the matter and the insurance sector regulator the IRDAI..
Govt examining public comments on draft Consumer Protection (e-commerce) Rules
Ban on fraudulent flash sales and mis-selling, and appointment of chief compliance officer/grievance redressal officer are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government had sought public comments by July 6.