The Information Technology Act needs another tweak to allow a different kind of information intermediary to flourish, says Ajit Balakrishnan.
San Jose-based eBay Inc. said it is 'outraged' at the arrest of Avnish Bajaj, the chief executive officer of the company's Baazee.com subsidiary in India.
With the integration process for baazee.com with Nasdaq listed eBay.com getting completed, baazee.com as a web address will get transformed into eBay.in.
Delhi Police have sought judicial custody of Bajaj, who has moved a bail application for his release.
National Association of Software and Service Companies on Monday condemned the arrest of e-commerce portal Baazee.com's CEO Avnish Bajaj in the Delhi Public School MMS scandal.
Vacation judge Justice Vikramajit Sen granted bail on two sureties of Rs 100,000 each. He also asked Bajaj to surrender his passport.
The MMS had allegedly been put on the website of Bazee.com for sale.
The court is likely to pronounce the order later in the day.
Vacation Judge Justice Vikramjit Sen posted the application for further hearing on Tuesday.
In its race to climb up the charts in e-tailing revenues, it is picking new revenue streams that others are yet to adopt, for example, carrying ads
Suveen Sinha finds out what the tribe of modern, internet entrepreneurs who no longer run their first start-ups are up to.
They would get off the hook only if they prove that the offence or contravention was committed without their knowledge, or that they had exercised due diligence to prevent its commission. The issue was tested in late 2004, when a Baazee.com (now eBay India) user tried to sell a pornographic video clip. Its then country manager, Avnish Bajaj, was arrested and later released on bail, but not before his arrest triggered a diplomatic spat between the US and India.
From saving money to taking care of your PCs, read on
During interrogation, the boy revealed that he had destroyed the instrument, the Subscriber Identification Module card and the clips. He, however, did not answer questions on where he dumped them.
US major lost its first mover advantage, now wants to secure its investments in the country.
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