Those named in the FIR have been booked under section 3(1) Police (Incitement to Disaffection) Act, 1922 and certain sections of the IPC including — section 500 (defamation) and 34 (conspiracy). “In a brazen abuse of office, the Mumbai Police has booked the ‘editorial staff and newsroom in-charge for the concerned report getting aired and others’.
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The Justice Department’s decision to sue Google this week elicited mixed reactions, but there’s one point on which everyone agreed: The antitrust case will take years to play out. There are various reasons for this—from the complexity of the case to Google’s vast legal resources to the sluggishness of the judicial process—but the upshot is that the search giant will be able to conduct business as usual for the foreseeable future.
Not everyone is satisfied with this situation. As the New York Times reports, a growing number of influential figures, from law professors to former regulators, are calling for a different approach. Concluding that antitrust law is simply too slow, they believe it’s time for a new body to oversee tech behemoths like Apple, Facebook… Read the rest
CMIE data shows that the gap between the monthly employment rate in 2020-21 and the corresponding month of 2019-20 narrowed consistently till August, when it was just 182 basis points, after which it rose to 254 basis points in September. There are apprehensions it may widen further in October.
The Beijing-based startup—which had a pre-money valuation of $1.4 billion in a financing round just two years ago—has a preliminary plan to sell its major assets to 58.com Inc. for HK$10,000 ($1,290), according to people familiar with the matter. China’s online classified ad leader will take over Renrenche’s Hong Kong entity, while offering at least $4 million in loans to its mainland operations, said the people, asking not to be identified because the transaction is private. The parties have yet to finalize the deal and may not proceed with it, the people said.
A representative for Renrenche declined to comment but said the contents of an emailed query sent to the company was inaccurate, without elaborating.
The deal … Read the rest