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US announces antitrust review of Big Tech firms

Wednesday, July 24, 2019, 11:28 AM

The United States announced it would begin an antitrust review of major online platforms to determine if they have "stifled" innovation or reduced competition.The announcement by the Justice Department did not name specific companies but appeared to signal the department was targeting Google, Facebook and Amazon, which dominate key sectors of the digital economy.
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NCLAT dismisses contempt plea against Anil Ambani, others

Wednesday, July 24, 2019, 11:24 AM

The National Company Law Appellate Tribunal has dismissed a contempt petition filed against Reliance Group Chairman Anil Ambani and other officials by minority shareholders of tower unit Reliance Infratel, including HSBC Daisy, alleging non-payment of settlement dues. "We find no case is made out for initiation of contempt proceedings... Both the applications... are accordingly dismissed," a two-member bench led by justice SJ Mukhopadhaya said.
 
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SEBI debating peer review of ratings by credit agencies: Report

Wednesday, July 24, 2019, 11:19 AM

The SEBI will consider implementing a peer review system for credit rating agencies (CRAs) along the lines of the Institute of Chartered Accountants of India (ICAI). As per a report, the move coupled with some other changes such as the removal of Employee stock ownership plan (ESOP) for CRA employees and rotation of CRAs for rating assignments comes after multiple financial fallouts and downgrades.

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