Month: October 2018

While the Government is under pressure to resolve and extradite the return of Vijay Mallya, Nirav Modi and Mehul Choksi to India, a new Gujarat scamster Nitin Sandesara is being investigated by the CBI. Nitin Jayantilal Sandesara, director of a Gujarat-based pharma company, Sterling Biotech, who is being probed in a Rs 5,000 crore fraud case, has reportedly fled to Nigeria. Sandesaria, his brother Chetan, sister in law, Dipti besides other family members are believed to be in Nigeria, according to media sources. It is alleged that the company took…

The government is ensuring that social media platforms like Facebook, WhatsApp and Telegram are free from harmful content such as fake news, child pornography, and cyber bullying. Aruna Sundararajan, secretary, Telecom said that the government is planning to shift the accountability from a user to a social platform. She added that users are sometimes unaware and innocently retweet or forward content; so higher standards of accountability for platforms are needed. She also said that the responsibility of the DoT is to ensure the security of the content being transmitted through…

The Refurbished Market is bigger than one can think of. The refurbished market for consumer electronics is estimated to be $10 billion, and is further expected to grow to a USD 45 billion market in India in the coming days. That’s bigger than many businesses may realize – and it shows no sign of slowing down. Many refurbished products are restored to full manufacturer conditions, boasting the capability to provide consumers with a quality product at an affordable price.   Refurbished smartphones are pre-owned smartphones that are collected, rejuvenated or…

Five years has passed since the implementation of the “Companies Act, 2013” provision that requires a minimum corporate spending on social responsibility (CSR) initiatives, but less than 40 percent of qualifying public companies in India are fully compliant. The time needed to search for and evaluate viable CSR projects, the phased rollout that many projects require, and the process for legal approval are among the reasons why many Indian businesses are still on a learning curve regarding the CSR Mandate. This is a key finding from a Director Notes India…