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BSE Blocks Jetking’s Crypto-Focussed Share Listing Due to Speculation Risks
The Bombay Stock Exchange has blocked Jetking Infotrain’s preferential issue listing due to plans to allocate 60 percent of proceeds to crypto, mainly Bitcoin. The IT firm had already allotted shares, partially deployed funds, and now faces a 10 percent stock fall. Joint MD Siddharth Bharwani called it unprecedented, while Web3 lawyer Subha Chugh...
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Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
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Apple Reportedly Delays iPhone Air Launch in China Amidst eSIM Compliance Hurdles
Apple has reportedly postponed the release of the iPhone Air in China. The company is said to be working with mainland authorities to resolve regulatory issues related to the eSIM requirement. It is currently up for pre-orders in several markets, including India. Sales will begin next week.
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Japan’s Financial Services Agency Mulls Crypto Regulation Under FIEA
Japan’s Financial Services Agency has proposed transferring cryptocurrency oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. The move aims to address issues such as unregistered operations, scams, disclosure gaps, and security flaws, while improving investor protection. If approved by the Financial Sy...
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5,706 Flights Cancelled On Regulatory, Geopolitical Grounds Till June: Data
As many as 5,706 flights were cancelled due to regulatory and geopolitical issues this year till June 30, accounting for around 1 per cent of the total departures during the same period, according to official data.
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Tough Road For Tesla As It Hopes Robotaxis Will Offset Declining Electric Vehicle Sales
Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground.
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No Police Licence Needed For Hotels, Pools, Discotheques In Delhi
The Ministry of Home Affairs (MHA) today notified orders issued by Delhi Lieutenant Governor VK Saxena on June 19, aimed at promoting ease of doing business in the national capital.
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Ola Electric Stores See Raids, Seizures on Flouting India Rules
Ola Electric Mobility Ltd.'s shift to 4,000 brick-and-mortar showrooms since 2022 has faced regulatory challenges. A Bloomberg News investigation found that over 95 percent of the 3,400 showrooms analysed lacked trade certificates under India’s Motor Vehicles Act. In response to customer complaints, authorities across states have raided showrooms...
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Aviation Watchdog Imposes Rs 30 Lakh Penalty On Air India Over "Rostering" Issue
Aviation safety regulator DGCA has imposed a penalty of Rs 30 lakh on Tata Group-owned Air India for allegedly allowing one of its pilots to operate a flight without complying with certain regulatory requirements.
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Airtel Introduces New Voice and SMS-Only Prepaid Plans After TRAI Mandate
Bharti Airtel is introducing specialised prepaid recharge plans including only voice and SMS services. The move comes after the Telecom Regulatory Authority of India (TRAI) issued a mandate last month to telecommunication operators in India. These new plans will not include bundled data and are aimed at consumers who do not have Internet connectivi...
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Crypto Industry Lists Regulatory Framework at the Top of Its Donald Trump Wish List
Crypto industry members are eagerly anticipating pro-crypto policies. While decisions about how cryptoassets are classified will ultimately be up to Congress, an executive order could spur the agencies to produce research pushing the issue forward.
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Akasa Air Gets Warning From Aviation Watchdog DGCA For Lapses
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
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Aviation Watchdog Issues Warning Letter To Akasa Air Over Regulatory Lapses
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
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TRAI Mandates Telecom Operators to Offer Specialised Voice and SMS Packs, Benefitting Consumers in Rural Areas
The Telecom Regulatory Authority of India (TRAI) issued the twelfth amendment to the Telecom Consumers Protection Regulations on Monday. This mandates telecommunications operators in India to offer specialised recharge vouchers with select services that concerned stakeholders require.
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SEBI Board Approves Tightening Norms For Small And Medium Enterprises' IPOs
Markets regulator Sebi's board on Wednesday approved a stricter regulatory framework to strengthen the process of public issues by small and medium enterprises (SMEs).
-
BSE Blocks Jetking’s Crypto-Focussed Share Listing Due to Speculation Risks
The Bombay Stock Exchange has blocked Jetking Infotrain’s preferential issue listing due to plans to allocate 60 percent of proceeds to crypto, mainly Bitcoin. The IT firm had already allotted shares, partially deployed funds, and now faces a 10 percent stock fall. Joint MD Siddharth Bharwani called it unprecedented, while Web3 lawyer Subha Chugh...
-
Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
-
Apple Reportedly Delays iPhone Air Launch in China Amidst eSIM Compliance Hurdles
Apple has reportedly postponed the release of the iPhone Air in China. The company is said to be working with mainland authorities to resolve regulatory issues related to the eSIM requirement. It is currently up for pre-orders in several markets, including India. Sales will begin next week.
-
Japan’s Financial Services Agency Mulls Crypto Regulation Under FIEA
Japan’s Financial Services Agency has proposed transferring cryptocurrency oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. The move aims to address issues such as unregistered operations, scams, disclosure gaps, and security flaws, while improving investor protection. If approved by the Financial Sy...
-
5,706 Flights Cancelled On Regulatory, Geopolitical Grounds Till June: Data
As many as 5,706 flights were cancelled due to regulatory and geopolitical issues this year till June 30, accounting for around 1 per cent of the total departures during the same period, according to official data.
-
Tough Road For Tesla As It Hopes Robotaxis Will Offset Declining Electric Vehicle Sales
Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground.
-
No Police Licence Needed For Hotels, Pools, Discotheques In Delhi
The Ministry of Home Affairs (MHA) today notified orders issued by Delhi Lieutenant Governor VK Saxena on June 19, aimed at promoting ease of doing business in the national capital.
-
Ola Electric Stores See Raids, Seizures on Flouting India Rules
Ola Electric Mobility Ltd.'s shift to 4,000 brick-and-mortar showrooms since 2022 has faced regulatory challenges. A Bloomberg News investigation found that over 95 percent of the 3,400 showrooms analysed lacked trade certificates under India’s Motor Vehicles Act. In response to customer complaints, authorities across states have raided showrooms...
-
Aviation Watchdog Imposes Rs 30 Lakh Penalty On Air India Over "Rostering" Issue
Aviation safety regulator DGCA has imposed a penalty of Rs 30 lakh on Tata Group-owned Air India for allegedly allowing one of its pilots to operate a flight without complying with certain regulatory requirements.
-
Airtel Introduces New Voice and SMS-Only Prepaid Plans After TRAI Mandate
Bharti Airtel is introducing specialised prepaid recharge plans including only voice and SMS services. The move comes after the Telecom Regulatory Authority of India (TRAI) issued a mandate last month to telecommunication operators in India. These new plans will not include bundled data and are aimed at consumers who do not have Internet connectivi...
-
Crypto Industry Lists Regulatory Framework at the Top of Its Donald Trump Wish List
Crypto industry members are eagerly anticipating pro-crypto policies. While decisions about how cryptoassets are classified will ultimately be up to Congress, an executive order could spur the agencies to produce research pushing the issue forward.
-
Akasa Air Gets Warning From Aviation Watchdog DGCA For Lapses
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
-
Aviation Watchdog Issues Warning Letter To Akasa Air Over Regulatory Lapses
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
-
TRAI Mandates Telecom Operators to Offer Specialised Voice and SMS Packs, Benefitting Consumers in Rural Areas
The Telecom Regulatory Authority of India (TRAI) issued the twelfth amendment to the Telecom Consumers Protection Regulations on Monday. This mandates telecommunications operators in India to offer specialised recharge vouchers with select services that concerned stakeholders require.
-
SEBI Board Approves Tightening Norms For Small And Medium Enterprises' IPOs
Markets regulator Sebi's board on Wednesday approved a stricter regulatory framework to strengthen the process of public issues by small and medium enterprises (SMEs).
