companies act

A Delhi court has discharged Hindalco Industries, its former president S K Tamotia, and former general manager PRS Mani in a decade-old coal block allocation case. The court found no evidence of criminal conspiracy or illegality, stating the CBI failed to establish its case.

Cites ‘Insufficient Ground’, Notes DU Student Was Identified In Clip Showing Money Being Distributed Among Workers

Europe is forging ahead with ambitious plans to break free from reliance on US and Chinese technology, particularly in critical sectors like AI and microchips. New regulations aim to bolster "tech sovereignty" by ensuring sensitive data remains within the EU and boosting domestic semiconductor production, safeguarding against foreign digital threats and supply chain disruptions.

The Enforcement Directorate (ED) has initiated searches against the Vedanta Group as part of a Foreign Exchange Management Act (FEMA) investigation. The action against the mining conglomerate, promoted by Anil Agarwal, commenced on Monday. Further details regarding the ongoing FEMA probe are yet to be disclosed by the central agency.

Senator Bernie Sanders has introduced the American AI Sovereign Wealth Fund Act, proposing a one-time 50% tax on the stock of major AI firms. This aims to transfer control from Silicon Valley billionaires to the American public, arguing AI was built on 'stolen' data. The fund would grant public voting shares and eventually distribute dividends.

Orders Insurance Exec To Pay Rs 65K Towards Maintenance And Rent To First Wife

Enforcement Directorate officials conducted searches at multiple Vedanta Ltd locations across Delhi, Mumbai, and Udaipur on Monday. The agency is investigating suspected violations of the Foreign Exchange Management Act (FEMA) concerning brand royalty transactions between Vedanta Resources in the UK and its Indian subsidiary. Vedanta stated it is cooperating fully with the authorities.

The Kerala high court has reserved its order on an appeal by Cochin Minerals and Rutile Ltd (CMRL) challenging the Enforcement Directorate's (ED) probe into alleged transactions with a firm owned by the former Chief Minister's daughter. The court directed the ED to maintain status quo until Friday, as CMRL argues the ED lacks jurisdiction without a predicate offense FIR.

Authorities in Jaisalmer district conducted a major raid on an illegal adulterated ghee and oil manufacturing unit in Pokaran, seizing over 14,000 kilograms of suspected fake products. This significant crackdown, part of the "Shuddh Aahar Milawat Par Vaar" campaign, uncovered large-scale production and packaging activities, with samples sent for testing to determine further action.

The world, us included, is becoming training data for AI, for which we’re unprotected

Authorities in Dhanbad have busted a packaged drinking water company for illegally using the ISI mark without a license. The Bureau of Indian Standards seized over 1,200 litres of water and 12,000 labels bearing the unauthorized mark. This violation of the BIS Act carries severe penalties, including imprisonment and hefty fines.