As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
Legal & Regulatory
Atlantic Grid and Google moves from wind power to power transmission
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
Qualcomm slapped with USD173 million penalty for unintentional infringement
An Orlando, FL federal jury awarded USD173 million in penalties upon Qualcomm for patent infringement perpetrated upon ParkerVision.
FIRREA law's coverage exempts no one
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
Tata-SIA obtains government approvals
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
Latest News
Henan Dayou Energy said the country's regulators were investigating them for disclosing information illegally.
Apple scored a victory against Wi-Lan on a patent infringement lawsuit. A Texas federal jury ruled that Apple did not infringe a patent from Wi-Lan Inc.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Radian Group filed a case against former account manager Rhiannon Bolen for giving confidential data to Arch Capital Group.
New inclusions to avoid the London Whale scandal is sought to be included in the new Volcker Rules, which may result in failure to meet the mandated year end deadline.
US District Judge Jed Rakoff had set a hearing on the issues and a date for his rulings by December on the civil case against Countrywide Financial Corp's defective loan transactions with Fannie Mae and Freddie Mac.
As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.
Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.
