Cyril Amarchand Mangaldas News

₹2,323 crore. The petitioner said Sinha chose to close the investigation instead of acting on DRI’s inputs. Sinha, who retired as Sebi chairperson in March 2017, is a non-executive director of NDTV, which was acquired by Adani in 2022.

New Delhi: The power ministry has amended the electricity rules designating Central Electricity Authority (CEA) as the verifying authority for such captive power generation plans, the users of which are located in more than one state. This was the third amendment to the rules in the past few months, whereby government is trying to streamline captive power generation.

Bombay High Court on Monday rejected World Crest Advisors LLP's application that sought the court's intervention to restrain YES Bank and JC Flowers Asset Reconstruction from exercising any rights with respect to their pledged shares. World Crest Advisors LLP is a promoter group entity of direct-to-home (DTH) company Dish TV India.

Vivek Kathpalia is MD and CEO – Singapore, Cyril Amarchand Mangaldas; and Shambhawi Mishra is principal associate designate at Cyril Amarchand Mangaldas.

August 23rd, 2023, MUMBAI – Nucleus Office Parks (“Nucleus"), which manages an industry leading portfolio of over 20 million square feet of Grade A commercial assets in India, hosted its second annual Environmental, Social, and Governance (ESG) Summit. More than 170 real estate and policy experts from leading organizations including Harappa Education, Infosys, Schneider Electric, Cushman & Wakefield, Cyril Amarchand Mangaldas, and Deloitte Consulting, gathered under the theme of “Staying Ahead of the ESG Curve" to share best ESG practices.

MUMBAI/ NEW DELHI : Companies will no longer be able to collect vast amounts of employee data since it has the potential to become a “toxic asset" after the enactment of the personal data bill, said consultants and law firms advising corporates. Companies will have to take the consent of employees after explaining in granular detail why their data or that of a prospective candidate needs to be collected and how long it will be stored in the system.

New Delhi: In a bid to boost captive power generation and streamline the norms, the union ministry of power has amended the regulations saying that a captive power user, must hold a minimum of 26% stake in the captive generating plant. According to the new norms, each captive power user, even in a group captive structure has to hold 26% ownership in the captive generating plant.

Vauld has suspended all deposits and withdrawals. The decision comes amid a broader volatility in the cryptocurrency market and as the platform faces financial challenges. Vauld is looking at a potential restructuring. “This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate,” said chief executive officer (CEO) Darshan Bathija in a statement on the company’s website on Monday. “All this has led to a significant amount of customer withdrawals over $197.7 million since June 12, when the decline of the cryptocurrency market was triggered by the collapse of Terraform Lab’s UST stablecoin, Celsius network pausing withdrawals, and Three Arrows Capital defaulting on their loans.”

As Bitcoin struggles to claim its status as a safe haven, analysts seem divided. On the other hand, Bitcoin maximalists have been undeterred by market swings to consider BTC as the ‘new gold.’

MUMBAI: Legal experts are divided over regulating crypto assets. While one section is advising the government not to take a hasty decision without understanding the use cases, the other is against continuing the status quo despite the difficulty in defining crypto. ICICI Bank’s group general counsel Pramod Rao has said, “The government’s pause (on introducing the crypto bill in Parliament) is a good thing for us to wait and watch, and decide whether we need a separate regulator, which can transcend into all use cases.” However, Cyril Amarchand Mangaldas partner Anu Tiwari said that it will take a few years for a new regulator to attain maturity — which is too long a time for crypto. According to Tiwari, Sebi is the practical choice for regulating crypto despite challenges like identifying issuers of tokens. Presented ByDid you Know?Sunny Leone too