HSBC Premier Introduces New Service at Mumbai Airport
HSBC Premier, the premium banking service from HSBC, has launched a new service for its customers at the Mumbai airport. The service offers six complimentary airport assist services (four domestic and two international) till June 30, 2024. The service aims to provide a hassle-free travel experience for HSBC Premier customers at Terminal 2 of Mumbai’s […]
NPCI and IISc Collaborate for AI, Blockchain Research
The National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc) have signed a multi-year Memorandum of Understanding (MoU) to conduct joint research on blockchain and artificial intelligence (AI) technology. The collaboration will also establish the ‘NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development’ to foster innovation in these […]
Goa Tourism: Co-working Spaces on Beaches
Goa, the popular beach destination in India, is gearing up to offer a new attraction for its visitors: co-working spaces on the beaches. The state tourism department has announced that it will soon set up facilities on Morjim and Ashwem beaches, where people can work remotely while enjoying the scenic views and the pleasant weather. […]
Celebrities, Influencers Warned Against Betting Ads
The Central Consumer Protection Authority (CCPA) has issued a stern warning to celebrities and influencers who promote betting and gambling activities through advertisements. The CCPA said that such endorsements are illegal and can have serious financial and social consequences, especially for the youth. What are betting and gambling activities? Betting and gambling are activities that […]
Delhi HC Stops $135M Asset Sale in Shanghai Electric vs Reliance Case
The Delhi High Court has ordered Reliance Infrastructure Ltd (RIL) to maintain status quo on its assets and restrained it from selling, transferring or creating any encumbrances on its stake in two power distribution companies in Delhi, BSES Yamuna Limited and BSES Rajdhani Limited, until further orders. The order was passed by Justice Sanjeev Narula […]
CCI New Penalty Rules: Based on Company Income, Turnover
The Competition Commission of India (CCI) has issued new guidelines for imposing penalties on companies that violate the competition law. The guidelines, which came into effect from March 6, 2024, allow the CCI to base the penalties on the average turnover or income of the company derived from all products and services, and not just […]
IGL Cuts CNG Prices in Delhi by Rs 2.5/kg
Indraprastha Gas Limited (IGL), the sole supplier of compressed natural gas (CNG) in Delhi, has slashed the selling prices of the gas by Rs 2.5 per kg across all geographical areas of its operation, effective from 6 am on March 7, 2024. The company said that the price reduction was due to a dip in […]
AIGF: CCPA Order Separates Legal and Illegal Gambling Sites
The All India Gaming Federation (AIGF) has welcomed the advisory issued by the Central Consumer Protection Authority (CCPA) to celebrities and influencers to refrain from promoting betting and gambling firms, saying it will help in distinguishing genuine platforms from illegal entities. In this article, we will discuss the following aspects of the CCPA advisory and […]
Government Announces Settlement Provisions in Competition Law
The government has recently notified the provisions relating to settlement and commitment under the competition law, which will enable faster resolution of cases involving anti-competitive practices and abuse of dominant position. What are settlement and commitment provisions? Settlement provisions allow parties involved in competition law violations of vertical anti-competitive agreements [Section 3 (4)] and also […]
Zomato: 2% Stake Sold by Antfin Singapore for Rs 2,827 Cr
Antfin Singapore Holding, an affiliate of Alibaba’s Ant Financial Group, has reduced its stake in online food delivery platform Zomato by 2 per cent through open market transactions on Wednesday. The sale, which involved offloading over 17.63 crore shares, was executed within a price range of Rs 160.11-160.40 per share, resulting in a deal size […]