Meta has officially stated that it has no plans to implement new performance-based layoffs. Consequently, the company is denying online rumours that it may resume workforce reductions that are associated with employee ratings. According to a representative from Meta who talked with a news outlet, the most recent modifications were
The Supreme Court postponed a hearing on the petitions submitted by WhatsApp and Meta, parent firm of WhatsApp on January 9th. The INR 213.14 crore penalty imposed by the Competition Commission of India (CCI) regarding the messaging platform's 2021 privacy policy has been contested by the IT
On February 3, the Supreme Court strongly cautioned Meta Platforms, a multinational technology corporation, and its messaging service WhatsApp. SC stated that, according to WhatsApp's privacy policy for 2021, they are not permitted to disclose user data for advertising reasons. Meta was informed that the continuation of the
On January 27, JioStar's request to prevent the Competition Commission of India (CCI) from looking into claims of monopolistic practices in the television distribution industry in Kerala was denied by the Supreme Court. The court decided that the issue merits further inquiry and permitted CCI to carry out
The Union Cabinet on 31 December approved a support package that freezes a significant portion of Vodafone Idea's Adjusted Gross Revenue (AGR) dues, providing significant respite for the indebted telecom company. According to reports, the ruling has frozen Vodafone Idea's AGR dues, which total INR 87,
Bharti Airtel will now pursue its appeal with the government for a similar evaluation, one day after the Supreme Court ordered the government to reevaluate the adjusted gross revenue (AGR) dues from Vodafone Idea for up to FY17. In an earnings call, Gopal Vittal, the managing director and vice chairman
Following the Supreme Court's decision to permit the Central government to re-examine the matter of reevaluating the telecom operator's adjusted gross revenue (AGR) obligations, Vodafone Idea's stock price surged by more than 9% on Monday. Following the SC's decision, Vodafone Idea'
As the government looks to improve relations with the UK, India is thinking of settling its long-standing demand for billions of dollars in past-due fees from Vodafone Group Plc's struggling local business once and for all, according to people familiar with the situation. As per various media reports,
The petitions filed by Vodafone Idea (Vi), Bharti Airtel, and Tata Teleservices asking for a waiver of their long-standing adjusted gross revenue (AGR) obligations were denied by the Supreme Court on 20 May. As part of their AGR obligations, the telcos sought relief from the payment of interest, penalties, and
On 25 September 2024, the Supreme Court questioned Byju's choice to pay off the Board of Control for Cricket in India (BCCI) for INR 158 crore, while leaving behind significant amounts owed to other creditors, such as US lender Glas Trust Co LLC, totaling INR 15,000 crore.
The appeal that SpiceJet filed against an order issued by the Delhi High Court, which forced the cash-strapped airline to ground three engines that were leased from Team France 01 SAS and Sunbird France 02 SAS due to unpaid dues, was denied by the Supreme Court on 20 September 2024.
On Wednesday, the Supreme Court issued a stay of the NCLAT ruling that had set aside the insolvency proceedings against the ed-tech major. This effectively enabled Byju Raveendran, the owner of the company, to regain control of the business. The ruling of the NCLAT that approved the settlement of Byju&