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 […]
OpenAI, Legal News, ET LegalWorld

Days before a court hearing, artificial intelligence company OpenAI, which created ChatGPT, raised objections to the jurisdiction of Delhi HC to hear a copyright violation suit against the tech giant. In a submission, the Microsoft-backed company argued that Delhi HC lacks jurisdiction as OpenAI has no presence in the country, being situated primarily in the […]
Delhi court accepts CBI’s closure report, Legal News, ET LegalWorld

A Delhi court on Thursday accepted a closure report filed by the CBI in an alleged case of irregularities by the ICICI Bank in accepting loan repayment from NDTV, saying “it appeared to be satisfactory”. Special judge Shailender Malik accepted the closure report after going through the report, and the submissions made by the CBI, […]
NCLT orders liquidation of Go First, Legal News, ET LegalWorld

The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a 15-page order, said it is […]
RBI study, Legal News, ET LegalWorld

The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin. The authors highlight that RBI’s interventions, both in the spot and forward markets, have effectively countered the volatility of capital flows. The report finds evidence of “symmetric […]
Sidbi’s secondary deal fund, Legal News, ET LegalWorld

The central government is planning to provide a corpus to the Small Industries Development Bank of India (Sidbi) to run a secondaries-focused fund of funds, people in the know told ET. The planned fund, the first such move by the Centre, will back venture capital firms managing vehicles focused on secondary transactions. In a secondary […]
Sebi, NISM launch eLearning course on municipal bonds, Legal News, ET LegalWorld

Markets regulator Sebi on Wednesday launched an eLearning course on municipal bonds to equip officials of municipal corporations and urban local bodies with the knowledge and practical skills to leverage such bonds as a tool for financing development projects. The course has been conceptualised and designed by Sebi in collaboration with National Institute of Securities […]
New rules force data breach disclosures? Expert weigh in, Legal News, ET LegalWorld

Highlights The Draft Digital Personal Data Protection Rules, 2025 requires data fiduciaries to promptly notify all affected data principals about personal data breaches, detailing the nature, extent, timing, and potential consequences of the breach. Jayesh H, Co-founder of Juris Corp Advocates and Solicitors, warns that while the new rules aim to protect individuals, an excessive […]
ICICI Lombard wins tax appeals, Secures ₹174 cr relief, Legal News, ET LegalWorld

Highlights ICICI Lombard General Insurance Company Limited has received a favorable order from the Commissioner of Income Tax (Appeals) – 54, Mumbai, providing relief on several appeals for Assessment Years 2012-13, 2015-16, 2016-17, and 2017-18. The total tax in dispute on which relief is granted in the combined order amounts to ₹ 174,61,51,061. ICICI Lombard […]
Revaluate steel unit land, Legal News, ET LegalWorld

Kolkata: Calcutta High Court on Thursday directed the Securities and Exchange Board of India (SEBI) to do a fresh valuation of the 350 acres of land seized by the state govt from the Prayag Group, a Ponzi firm now under scanner, and leased out to a steel major represented by former Indian cricket captain Sourav […]