Year: 2026
Meta apologises for ‘error in restricting PM’s video’
Meta’s CEO Mark Zuckerberg formally apologized to the Indian government over several operational missteps, including issues with paid content amplification. The acknowledgment of these errors comes as officials expressed concerns over the potential loss of safe harbor protection for the platform. As the government reassesses its child online safety regulations, Meta committed to implementing necessary…
Rijiju reaches out to Rahul on delimitation bill
The government is pushing its delimitation legislation to increase Lok Sabha seats. This bill also proposes one-third reservation for women starting in 2029. Opposition leader Rahul Gandhi rejected the government’s outreach for support. The government may reintroduce the Constitution amendment bill soon. Discussions continue regarding the Foreign Contributions Regulation Amendment Bill.
Rajya Sabha passes by voice vote bill to raise Supreme Court judge strength
The Rajya Sabha approved a bill to increase the Supreme Court’s judge count. This legislation replaces an ordinance that raised the sanctioned strength to thirty-eight judges. The bill’s passage aims to expedite case disposal and enhance judicial efficiency. It will also provide the Chief Justice greater flexibility in forming constitution benches. India anticipates its first…
Yen firms after landmark intervention, dollar near lows on optimism over Iran talks
GLOBAL-FOREX:Yen firms after landmark intervention, dollar near lows on optimism over Iran talks
Gold Jumps Most Since February on Hormuz, Technical Breakout
Gold jumped the most since February as prospects for a deal to reopen the Strait of Hormuz reduced expectations for Federal Reserve rate hikes, while a break above a key technical resistance level fueled additional buying.
Delhi HC seeks response on Natco’s patent challenge plea
The Delhi High Court is reviewing Natco Pharma’s challenge to a breast cancer drug patent. Natco alleges Novartis and Astex secured two patents for the same invention. This action, Natco claims, unlawfully extends patent protection for the Ribociclib molecule. The court will first determine the petition’s maintainability after legal arguments. The case has been scheduled…
‘No US lawsuits filed yet, ready to defend on facts if needed’: HDFC Bank CEO clarifies on governance allegations
HDFC Bank assured shareholders about its strong governance credentials. No US lawsuits have been filed against the bank following investigations. The bank’s leadership stated they are well-positioned to defend any potential legal action. HDFC Bank is fundamentally strong with a pristine balance sheet. The integration with HDFC Limited is unlocking meaningful synergies for future growth.
Regulators weigh bringing insurance surety bonds under RBI’s CRILC
Financial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and rating agencies a clearer view of corporate leverage. Currently, these contingent liabilities often escape regulatory reporting requirements. Many government departments now accept these bonds instead of traditional bank guarantees. Expanding the database will strengthen…
No case for early closure or extension of swap window: RBI
The Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India’s balance of payments position. The central bank has not received any proposals for extending the deadline. This facility allows banks to swap overseas borrowings at concessional rates. The swap window has already attracted significant dollar inflows…