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IREDA Files Bankruptcy Proceeding Against Gensol Engineering
Indian Renewable Energy Development Agency (Ireda) on Wednesday said it filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.
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Law Tribunal Dismisses Insolvency Plea Against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.
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ED Said to be Quizzing Apple, Xiaomi in E-Commerce Probe on Amazon, Flipkart
ED, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. The agency, in recent weeks wrote to smartphone companies, including Apple and Xiaomi, to get data related to their online sales.
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Uber Sued by FTC Over ‘Deceptive’ Subscription Sign-Ups
Uber was sued by the US Federal Trade Commission. In a complaint filed Monday, the FTC alleges the company charged consumers for its Uber One product without their consent, misled users about the program’s savings and made it “unreasonably” burdensome to cancel the service.
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Probe Agency Questions 'L2: Empuraan' Producer In Chit Fund Case
The Enforcement Directorate on Monday questioned Gokulam Gopalan, one of the producers of the Malayalam movie 'L2: Empuraan', at its Kochi office in connection with a foreign exchange law "violation" by his chit fund company, sources said.
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Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
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UK Musicians' 'Silent Album' Protest To Proposed Changes To Copyright Laws
If passed, the new British copyright law would permit tech companies to use musicians' original music to train AI models.
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OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
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Google's AI Overviews Erode the Internet, US EdTech Firm Chegg Says in Lawsuit
Chegg, an online education company that offers textbook rentals, homework help, and tutoring has filed a lawsuit against Google. In the lawsuit filed in Washington, D.C., Google is co-opting publishers' content to keep users on its own site, erasing financial incentives to publish.
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"Disaster": Trump Halts Law Barring Firms From Bribing Foreign Officials
President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage.
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Chinese Company Under Probe For Paying Employees In Vouchers Instead Of Money
The employee further disclosed that other companies within the same conglomerate, have also adopted this unconventional payment method.
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Law Tribunal Stays Ban On WhatsApp Sharing Data With Parent Company Meta
The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed a five-year ban imposed by competition watchdog CCI on data-sharing practices between WhatsApp and its parent Meta for advertising purposes, offering a breather to the tech giant.
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Law Tribunal Suspends Antitrust Ban On WhatsApp-Meta Data Sharing
In a respite for Mark Zuckerberg-run Meta, the National Company Law Appellate Tribunal (NCLAT) on Thursday stayed the five-year ban imposed by the Competition Commission of India (CCI) on WhatsApp for its data-sharing practices.
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US Supreme Court Rules Against TikTok, Upholds Ban
The U.S. Supreme Court ruled against TikTok on Friday in its challenge to a federal law that would have required the popular short-video app to be sold by its Chinese parent company ByteDance or banned in the United States on Jan. 19.
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Blinkit Must Follow "Law Of Land" During Ambulance Services: Piyush Goyal
Commerce Minister Piyush Goyal on Friday said that his only submission to Blinkit's ambulance service is that the quick commerce company has to make sure that they meet the law of the land.
-
IREDA Files Bankruptcy Proceeding Against Gensol Engineering
Indian Renewable Energy Development Agency (Ireda) on Wednesday said it filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.
-
Law Tribunal Dismisses Insolvency Plea Against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.
-
ED Said to be Quizzing Apple, Xiaomi in E-Commerce Probe on Amazon, Flipkart
ED, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. The agency, in recent weeks wrote to smartphone companies, including Apple and Xiaomi, to get data related to their online sales.
-
Uber Sued by FTC Over ‘Deceptive’ Subscription Sign-Ups
Uber was sued by the US Federal Trade Commission. In a complaint filed Monday, the FTC alleges the company charged consumers for its Uber One product without their consent, misled users about the program’s savings and made it “unreasonably” burdensome to cancel the service.
-
Probe Agency Questions 'L2: Empuraan' Producer In Chit Fund Case
The Enforcement Directorate on Monday questioned Gokulam Gopalan, one of the producers of the Malayalam movie 'L2: Empuraan', at its Kochi office in connection with a foreign exchange law "violation" by his chit fund company, sources said.
-
Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
-
UK Musicians' 'Silent Album' Protest To Proposed Changes To Copyright Laws
If passed, the new British copyright law would permit tech companies to use musicians' original music to train AI models.
-
OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
-
Google's AI Overviews Erode the Internet, US EdTech Firm Chegg Says in Lawsuit
Chegg, an online education company that offers textbook rentals, homework help, and tutoring has filed a lawsuit against Google. In the lawsuit filed in Washington, D.C., Google is co-opting publishers' content to keep users on its own site, erasing financial incentives to publish.
-
"Disaster": Trump Halts Law Barring Firms From Bribing Foreign Officials
President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage.
-
Chinese Company Under Probe For Paying Employees In Vouchers Instead Of Money
The employee further disclosed that other companies within the same conglomerate, have also adopted this unconventional payment method.
-
Law Tribunal Stays Ban On WhatsApp Sharing Data With Parent Company Meta
The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed a five-year ban imposed by competition watchdog CCI on data-sharing practices between WhatsApp and its parent Meta for advertising purposes, offering a breather to the tech giant.
-
Law Tribunal Suspends Antitrust Ban On WhatsApp-Meta Data Sharing
In a respite for Mark Zuckerberg-run Meta, the National Company Law Appellate Tribunal (NCLAT) on Thursday stayed the five-year ban imposed by the Competition Commission of India (CCI) on WhatsApp for its data-sharing practices.
-
US Supreme Court Rules Against TikTok, Upholds Ban
The U.S. Supreme Court ruled against TikTok on Friday in its challenge to a federal law that would have required the popular short-video app to be sold by its Chinese parent company ByteDance or banned in the United States on Jan. 19.
-
Blinkit Must Follow "Law Of Land" During Ambulance Services: Piyush Goyal
Commerce Minister Piyush Goyal on Friday said that his only submission to Blinkit's ambulance service is that the quick commerce company has to make sure that they meet the law of the land.
