Tag: regulatory compliance

Japan Investigates Elon Musk’s Grok AI, Warns Social Media Firms

Tech
Japan launches probe into Grok AI's data and content practices, issuing a compliance warning to all social media companies in a major regulatory move.

No Govt Direction to LIC on Adani Investments, Says FM Sitharaman

Business
Finance Minister clarifies LIC's Adani Group investments were independent decisions based on due diligence and regulatory compliance, not government directives.

Sitharaman: Finance Ministry Does Not Advise LIC on Adani Investments

Business
Finance Minister clarifies LIC's Adani investments follow standard procedures, denies ministry direction. Get details on the scale and context of the holdings.

Aakash Blocks Byju’s Rs 25 Crore Investment Over Regulatory Violations

Business
Aakash Educational Services suspends Byju's parent company investment citing FEMA, ECB violations. Legal experts confirm regulatory breaches in funding structure.

RBI Slaps Rs 91 Lakh Penalty on HDFC Bank for Regulatory Lapses

Business
HDFC Bank faces Rs 91 lakh penalty for KYC violations, outsourcing compliance, and unauthorized subsidiary activities in RBI regulatory action.

Google Proposes Adtech Changes to Avoid EU Breakup After Antitrust Fine

World
Google announces advertising service reforms to address EU competition concerns and prevent potential breakup following €2.95 billion antitrust penalty.

Microsoft to Store 365 Copilot Data Locally in India by 2025

Tech
India joins Australia, Japan and UK as first countries to get local Microsoft 365 Copilot data processing, addressing data sovereignty concerns for regulated industries.

Microsoft to Process AI Queries in Indian Data Centres by 2025

Tech
Microsoft will enable Indian customers to process AI queries locally by end-2025, addressing data residency needs for government and regulated sectors with in-country data processing.

Microsoft to Process Copilot Data Locally in India, 14 Nations

Tech
Microsoft 365 Copilot will get in-country data processing in India and 14 other markets by 2026, enhancing data sovereignty and compliance for users.

Meta Lays Off 600 AI Jobs Including 100 Privacy Reviewers

Tech
Meta cuts 600 AI positions, replacing privacy compliance teams with automated systems to accelerate product development amid regulatory scrutiny.

LIC Denies Washington Post Report on Adani Investments as False

Business
LIC rejects Washington Post allegations of external influence on investment decisions, confirms all Adani investments followed due diligence and board approval processes.

Meta Cuts 100+ Risk Compliance Jobs, Automates Privacy Reviews

Business
Meta eliminates over 700 positions including crucial privacy teams, shifting to automated compliance systems amid internal concerns about data protection.