HT Digital, a digital holdings company owned by HT Media, has filed a petition in the Delhi High Court for reduction in its equity capital by Rs 159.4 crore. The petition is due for hearing on Feb 26th 2014, and once this is approved, the equity share capital of HT Digital will be reduced to Rs 17.24 crore, and HT Media will write off Rs 159.4 crore. However, the company says that this will have no impact on its consolidated financial results. In the last six quarters alone, HT Media has invested Rs 34.89 crore in HT Digital, according to notes to its filings. According to a note to HT Media's consolidated results for Q3-FY14: "During the quarter, consequent to the Scheme referred in footone to note 8 above, HT Digital has filed a petition with the Hon'ble High Court of Delhi…
- How Google’s location tracking led to a $42 million penalty in Australia August 17, 2022
- MeitY’s Digital India Act due in Winter Session, says report: OTT, metaverse in ambit August 17, 2022
- Vauld comes under ED scanner after the agency freezes assets worth Rs 367 crore August 17, 2022
- TLDR: Social media and small businesses, Snapchat privacy, Meta’s user tracking, UN IGF, WhatsApp’s Windows beta, more August 17, 2022
- Deep Dive: What do lawyers think of the proposed changes to the Competition Act, 2002? August 16, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...