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News on Medial
SC Asks Centre To Consult Media Stakeholders On Ad Issues
Inc42
ยท
1y ago
Medial
The Ministry of Information and Broadcasting has been instructed to hold meetings and provide recommendations within three weeks, according to a report by ET. This follows several impleadment applications filed by advertising associations and other bodies. The directive originates from a Supreme Court order in May 2024, which mandated advertisers to submit a self-declaration before displaying or airing any advertisements.
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SC defers plea on re-opening Vedanta's Tamil Nadu copper smelter plant to Feb 20
Money Control
ยท
1y ago
Medial
The Supreme Court has deferred the hearing on Vedanta's plea to February 20, regarding the reopening of its Sterlite copper smelter plant in Tamil Nadu. The court suggested the formation of a committee to study the feasibility of reopening the plant, and senior advocates representing Tamil Nadu and the state's pollution control board expressed their intention to consult with stakeholders. The plant was closed in 2018 due to violent protests and alleged violations of environmental norms. Vedanta is seeking periodic access to the plant for maintenance work.
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Fire Incident At Jioโs Data Centre Leads To Massive Outage
Inc42
ยท
10m ago
Medial
Many users experienced issues with making calls and using the internet on social media platform X. The disruption of services was caused by a fire incident at the Jio IDC Data Centre. A Jio spokesperson mentioned that some customers in Mumbai faced problems due to "minor technical issues."
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BYJUโS Glas Trust Case: SC Asks IRP To Maintain Status Quo Until Judgement
Inc42
ยท
10m ago
Medial
The Supreme Court has ordered the Insolvency Resolution Professional (IRP) to maintain the current situation until the court issues its verdict. The court has also expressed concerns about potential loopholes in existing laws that could allow settlements to bypass established procedures. This decision follows the previous day's questioning of the National Company Law Appellate Tribunal's (NCLAT) decision to dismiss bankruptcy proceedings against the troubled edtech startup.
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Mahua asks Swiggy to refund โน1,220 on delivering spoiled ice cream
Inshorts
ยท
6m ago
Medial
Trinamool Congress MP Mahua Moitra on Thursday tagged Swiggy in a social media post to raise delivery issues with the "expensive" ice creams she ordered. "Sorry Swiggy - you've got to up your game. Unacceptable that I ordered expensive Minus Thirty mini sticks ice cream and it arrives spoilt and inedible," she said. "Expecting...refund or replacement asap," she added.
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SEBI proposes limiting derivative contracts expiry to Tuesdays and Thursdays
Business Today
ยท
4m ago
Medial
SEBI has proposed a regulatory amendment to limit the expiry of weekly and monthly derivative contracts to only Tuesdays and Thursdays. This move aims to simplify market operations and enhance efficiency by concentrating contract expirations on fewer days. The proposal is designed to streamline processes for market participants. SEBI plans to consult with stakeholders to assess the potential impact of these changes before implementation.
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Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC
Economic Times
ยท
1y ago
Medial
The Centre has informed the Supreme Court that it is still in the process of deciding on a mechanism to regulate cryptocurrencies and effectively investigate related offenses. Additional Solicitor General Vikramjit Banerjee, representing the Centre, stated that discussions are ongoing and requested more time to file an affidavit with the updated position on the regulation of cryptocurrencies. The court highlighted the need for appropriate safeguards to protect individuals from fraud and misuse of cryptocurrencies. The matter is scheduled for further hearing on March 21.
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NITI Aayog may prepare a blueprint to push India's private capex
Economic Times
ยท
1m ago
Medial
The NITI Aayog plans to create a strategy to boost private infrastructure investment, responding to a projected 25% decline in private sector capital expenditure this fiscal year. Despite government encouragement for increased capex, private sector participation remains inadequate. The focus will be on improving regulatory compliance, finance costs, skilled labor availability, and ease of business. The Aayog will consult industry leaders and stakeholders to address existing challenges and encourage private sector investment.
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Indian finance ministry asks RBI to conduct monthly meetings with fintechs on regulatory issues
IndianStartupNews
ยท
1y ago
Medial
Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India (RBI) to hold monthly meetings with fintech companies in order to address regulatory concerns and foster a collaborative environment. This move comes after recent regulatory actions taken against Paytm Payments Bank, highlighting the need for better communication and understanding between regulators and fintech firms. In a meeting with fintech stakeholders, Sitharaman stressed the importance of regulatory compliance while supporting innovation. The government also outlined action points to support the fintech sector, including simplifying KYC processes and addressing cybercrime issues.
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US asks judge to break up Google's ad tech business
Economic Times
ยท
3m ago
Medial
The U.S. government has demanded that Google dismantle its ad tech business after a judge deemed the company an illegal monopoly. The government insists that structural changes are required rather than promises of altered behavior. The dissolution of Google's ad publisher and exchange operations has been suggested, as they reportedly dominate the ad market unfairly. Google counters by proposing a binding agreement and monitoring, but the judge encourages mediation to reach a cost-effective resolution.
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RBIโs New PA Draft Guidelines Spark Concerns In Digital Payments Industry
Inc42
ยท
1y ago
Medial
Industry stakeholders have expressed concerns over the recent guidelines issued by the RBI regarding full KYC compliance and the prohibition on direct fund disbursal to vendors. During a meeting with RBI officials, stakeholders highlighted potential issues that could arise from these guidelines.
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