The Supreme Court asked on Thursday market regulator Securities and Exchange Board of India and some stock brokers to file written submissions in a case relating to modification of penalty imposed on intermediaries.
The Financial Intelligence Unit (FIU), the federal economic snoop agency under the Union finance ministry, sent 289 legal requests to its counterparts across the globe during 2018-19 as compared to 177 in 2017-18 and 138 in 2016-17.
India doesn't have a data protection law or a dedicated law on cybersecurity. Also, there is no specialised law on privacy. Experts say this complicates the scenario for businesses as they continue to be liable for breach in client data even when employees work out of the home.
He also told interrogators that Abu Omar al Baghdadi, who is identified as the leader of the Islamic State of Iraq, is a fictional role created by al Masri and that an actor is used for audio recordings of speeches posted on the Internet.
Not just in the fight against COVID-19, but also in politics, economics and society, observes Ajit Balakrishnan.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
The court also sought the Centre's stand on the petitioner's allegation that Delhi Police, Indian Railways and others have created accounts on social networking sites despite government departments being barred from doing so under the law.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Are we running a cricket match using football rules, asks Ajit Balakrishnan.
'What's the point in lamenting widespread toxic work culture, and the capitalist system that gives rise to it if there is no alternative?' 'Actually, there is,' says Ashish Sharma.
The argument that existing rules do not apply to them will no longer hold ground.
The online pharmacy market, which was worth about $512 million in 2018, is growing at a CAGR of 63 per cent and is expected to hit overall revenues of over $3.6 billion by 2022.
Madras HC said the platform should not be used to host obscene videos.
It also granted protection from arrest to Amazon Prime Video's India head Aparna Purohit in first information reports lodged over web series Tandav.
A contemnor can be punished with simple imprisonment for a term which may extend up to six months or with a fine of up to Rs 2,000 or with both.
India and the US inked a tax information sharing agreement under FATCA which will enable automatic exchange of financial information.
'The number of STRs received in 2016-17 is 4,73,006 which is more than four times as compared to 2015-16 and this increase is attributed to demonetisaton exercise...,' the Financial Intelligence Unit's report has said.
Experts say it is difficult to determine country of origin where most products are manufactured and sold, as part of a complex global value chain.
This comes after the arrest of Syndicate Bank Chairman S K jain.
The government is attempting everything it can to make sure that this does not happen, observes Aakar Patel.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
'Before the elections, fake news can create law and order hassles and that is the reason they want social media firms to follow the amended IT Act.'
Asserting that Uttar Pradesh has undergone a complete transformation under his government, chief minister Yogi Adityanath said on Sunday that there have been no riots since 2017, strict action has been taken against the mafia and the state is in the frontline of implementing welfare schemes, ensuring the ease of doing business and fighting the COVID-19 pandemic.
Do India's laws governing the Internet need revolutionary change, asks Ajit Balakrishnan.
'With the top court's judgment declaring the Right to Privacy a Fundamental Right, the powers under the provision need to be looked afresh.' 'To utilise such sweeping powers in the right manner will also be a challenge.'
A CBTR pertains to transfer of funds through various channels abroad.
These benefits would only be available to individuals and corporates, and professionals like auditors will not be able to use this route as they are duty-bound to report any wrongdoing.
The capital markets regulator has incurred litigation expenditure in the range of Rs 4-5 crore (Rs 40-50 million) in each of the past three financial years, while such expenses could be even higher in the current fiscal ending this month.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
Ghost beneficiaries aren't the only kind of issue companies face during a period of unprecedented CSR spending, touching nearly Rs 12,000 crore in 2018-19. Frauds related to procurement, construction, and end-use of funds have had companies engaging forensic auditors to keep tabs on how money is spent, revealed conversations with those involved in such investigations. Firms are also increasingly strengthening their own capabilities to better implement their programmes.
A source said Sebi planned to tag brokers based on their performance on areas such as compliance, investor protection and arbitration.
Sebi, however, allowed wilful defaulters to make counter-offers to avoid hostile takeovers
The regulator last week reached out to custodians for beneficial ownership information of investors coming from China, Hong Kong, and 11 other countries.
Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales. Cars24 now enjoys more than 90 per cent market share among all other similar online transaction platforms. Dhruv Munjal traces the birth of this used-cars platform.
Sebi's plea for such powers has been endorsed by the finance ministry.
The Street is never short of hope and events to look forward to
A whitepaper released by the Chinese government gave a lengthy explanation to refute the allegations of cover up and delay by Beijing on reporting the COVID-19 outbreak last year in Wuhan. United States President Donald Trump and leaders of several countries have accused China of not being transparent in reporting the deadly disease, leading to huge human casualties and economic crisis across the world.
