Clipped from: https://www.financialexpress.com/opinion/rational-expectations-another-pyrrhic-telecom-victory/2237615/ The NCLAT verdict on spectrum is a big win for govt but it hits govt-owned banks, yet another example of poor policy The
Category: Legal
GST law: Taxman must not proceed to attach property in haste, says SC – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-law-taxman-must-not-proceed-to-attach-property-in-haste-says-sc/2236933/ The SC’s ruling comes at a time when the government is showcasing the recent months’ surge in GST collections as proof of effective
Yet another data leak: One million credit cards of Domino’s Pizza customers | Business Standard News
lipped from: https://www.business-standard.com/article/companies/yet-another-data-leak-one-million-credit-cards-of-domino-s-pizza-customers-121041900731_1.html Data is worth 13 terabytes and also includes 180 million orders with phone nos, emails, addresses, and payment details, says intelligence firm chief
SC stays proceedings before Delhi HC in Amazon Future case – RELIANCE FUTURE RETAIL CASE: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/sc-stays-further-proceedings-in-amazon-future-reliance-case/articleshow/82142343.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Amazon had moved the apex court on April 8 challenging the Delhi High Court’s division bench order that had vacated a stay on
Why use muscle? Big data can collect debt without harassment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-why-use-muscle-big-data-can-collect-debt-without-harassment/articleshow/82137014.cmsSynopsis By training the algorithms to mine the data, the big data analytics can now predict which customers will most likely resume paying after
Rethinking the role, liability of independent directors – The Hindu BusinessLine–*****
Clipped from: https://www.thehindubusinessline.com/business-laws/rethinking-the-role-liability-of-independent-directors/article34352816.ece Neutrality and professional repute can give a board a new paradigm of thinking through an ‘independent director’. The Board of Directors is in
Fixing mis-selling – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fixing-mis-selling/article34351308.ece SEBI’s YES Bank order raises the issue of why so few cases of financial mis-selling attract action Retail investors buying into risky products
Lenders, govt staring at ₹96,389-cr haircut post NCLAT ruling on spectrum sale by IBC firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/nclat-ruling-on-spectrum-lenders-government-stare-at-96389-cr-npa/article34349792.ece?homepage=true Earlier, NCLAT ruled that telecom companies under insolvency proceedings can sell spectrum only after clearing of Government dues. The lenders to telecom companies
How to secure your banking transactions from cyber frauds – The Financial Express–*****
Clipped from: https://www.financialexpress.com/money/how-to-secure-your-banking-transactions-from-cyber-frauds/2235437/ The growing volume of online transactions and the absence of stringent cybersecurity systems give fraudsters the space to commit malicious acts. The Indian
Cheque bouncing up in April during second wave of Covid-19: HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/cheque-bouncing-up-in-april-during-second-wave-of-covid-19-hdfc-bank-121041800413_1.html Ehile cheque returns in April have risen slightly, it this does not necessarily point to a trend, say bank officials Photo: Shutterstock The
oyo latest news: Oyo squashes rumours of bankruptcy following an NCLT order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/oyo-taken-to-insolvency-board-by-hyderabad-hotel/articleshow/81947043.cmsSynopsis “The creditors of Oyo Hotels & Homes are hereby called upon to submit their claims before April 15 to the interim resolution professional,”
SEBI issues notice to Fortis Healthcare subsidiary over diversion of funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-issues-notice-to-fortis-healthcare-subsidiary-over-diversion-of-funds/article34337811.ece?homepage=true Former promoters Singh brothers allegedly siphoned-off ₹500 crore Leading hospital chain Fortis Healthcare (FHL) disclosed on Friday that its subsidiary, Escorts Heart Institute
Cyber agency cautions users against certain weaknesses detected in WhatsApp | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/cyber-agency-cautions-users-against-certain-weaknesses-detected-in-whatsapp-121041700438_1.html India’s cyber security agency CERT-In cautions WhatsApp users about certain vulnerabilities detected in popular instant messaging app that could lead to breach of
The future of arbitration in India: Strengthening the process of alternative dispute resolution – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/the-future-of-arbitration-in-india-strengthening-the-process-of-alternative-dispute-resolution/articleshow/82114707.cmsSynopsis The Arbitration and Conciliation Act 1996 has been modelled on lines of the UNCITRAL framework of laws with the idea to modernize Indian
Government asks public sector banks to adopt non-coercive strategy for education loans recovery – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/government-asks-public-sector-banks-to-adopt-non-coercive-strategy-for-education-loans-recovery/articleshow/82111511.cms Synopsis–The non-performing asset (NPA) level in education loans had increased to 9.55% by December 2020, up from 7.61% in March the same year.
Amazon tells Indian court – Reuters story is no reason to resume antitrust probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-tells-indian-court-reuters-story-is-no-reason-to-resume-antitrust-probe/articleshow/82089332.cmsSynopsis The Reuters report showed the U.S. firm gave preferential treatment to a small group of sellers on its platform, sidestepping foreign investment rules
Open banking may potentially pose significant risks: RBI Dy Guv Rao – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/open-banking-may-potentially-pose-significant-risks-rbi-dy-guv-rao/article34338863.ece It is the sharing and leveraging of customer-permissioned data by banks with third-party developers and firms to build applications and services. Open banking
Pre-packaged insolvency for small & medium firms | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/pre-packaged-insolvency-for-small-medium-firms-121041601390_1.html A notable feature of the ordinance is the pre-packaged process’ two-step voting structure Pre-packaged insolvency (or “pre-pack”) refers to the process by which
SC issues directions for speedy disposal of cheque bounce cases | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/sc-issues-directions-for-speedy-disposal-of-cheque-bounce-cases-121041601233_1.html The Supreme Court came out with a slew of directions to ensure speedy disposal of cheque bounce cases across the country Photo: Shutterstock.com
Labour law implementation might get delayed further – The Financial Express
Clipped from: https://www.financialexpress.com/industry/labour-law-implementation-might-get-delayed-further/2234699/ However, as of now, not more than half a dozen states have framed draft rules and also, while some of them have drafted
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