Tata Group’s payout of $1.17 billion in damages to Japanese telco NTT Docomo cannot be approved and is illegal, since it involves the transfer of shares to a foreign company, the Reserve Bank of India (RBI) told the Delhi High Court yesterday, according to this ET report. The court, however, was skeptical about RBI’s intervention and questioned whether there is a need for a special permission from RBI for the payout. According to the report, the court termed RBI’s statements as “absurd” since it does not have jurisdiction outside India. “How can you object to enforceability anywhere else in the world? If they have assets anywhere else, they can move a court there for the enforcement of the award. There is no law prohibiting it,” the court added. The case is now postponed to March 14th after RBI’s lawyer requested…
- Indian government did not follow Procedure While Issuing Blocking Directions: Twitter to Karnataka HC September 26, 2022
- Data Hack in Australian Telecom Firm Could Affect 40% of the Country’s Population September 26, 2022
- What is Kerala police’s Eagle Eye project to zero in on unauthorized drones? September 26, 2022
- A Complete Guide To The Indian Telecommunication Bill, 2022 September 23, 2022
- Ashwini Vaishnav on Draft Telecom Bill Regulating WhatsApp, Mandating KYC and Revealing Caller Identity September 23, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
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...