Articles for tag: aviation, financing, regulation

Rajiv Sharma

FIR against SpiceJet promoter Ajay Singh: Full details explained

FIR against SpiceJet promoter Ajay Singh: Full details explained

In a significant development concerning corporate financing and regulatory compliance, SpiceJet has come under scrutiny following a complaint from the Employees’ Provident Fund Organisation (EPFO). This complaint led to the filing of a First Information Report (FIR) just before the airline intended to raise new funds through a Qualified Institutional Placement (QIP). This article delves ...

Kavita Mishra

Meta stored users' passwords in plain text, fined 850 crore by EU

Meta stored users’ passwords in plain text, fined 850 crore by EU

On Friday, Meta, the parent company of Facebook, Instagram, and WhatsApp, faced a substantial fine of €91 million (approximately ₹850 crores) imposed by the European Union’s top privacy authority. This penalty underscores the increasing scrutiny and regulatory actions targeting tech giants over privacy violations and data protection issues. The fine is part of a broader ...