OpenAI to face digital news firms of Ambani, Adani in copyright battle, ET LegalWorld
Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets like the Indian Express and the Hindustan Times, have mounted a legal challenge against OpenAI alleging it improperly used copyright content, legal papers show. The media outlets including Adani’s NDTV and Ambani’s Network18 have told a New Delhi court they want […]
US SC clears extradition, Tahawwur Rana to face trial in India, ET LegalWorld
US Supreme Court has refused to entertain Mumbai attacks accused Tahawwur Rana’s plea against extradition to India, clearing the way for Indian investigators to bring him to the country. The review petition was turned down on Jan 21, removing the last hurdle in the extradition of Pakistani native and Canadian national Rana, an aide of […]
Govt proposes new law to restrict unregulated lending; violators to face 10 years of jail, ET LegalWorld
The central government has proposed a new bill to curb unregulated lending and provide for imprisonment of up to 10 years for violators, besides monetary penalties. With a view to curb unregulated lending activities and protect the interest of consumers, the RBI’s Working Group on Digital Lending submitted its report in November 2021. The working […]
Byju’s staff face TDS notices from tax department, ET LegalWorld
The income tax department has been sending demand notices of unpaid tax deducted at source (TDS) to former employees of Bengaluru-based edtech startup Byju’s over the last 10 days, TOI has learnt. Multiple such employees confirmed having received these notices either via email or courier or both. “I have been in touch with my other […]
Sebi’s proposed insider trading amendments face criticism for expanding definitions, ET LegalWorld
Sebi recently proposed amendments to the Sebi (Prohibition of Insider Trading) Regulations 2015. Under PIT regulations, an ‘insider’ is someone who has access to unpublished price-sensitive information (UPSI) or is a ‘connected person’. The proposal expands the current law, which criminalises certain conduct by creating a presumption, effectively overturning the ‘innocent until proven guilty’ principle. […]