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Tag: Compliance

DeepSeek Sent User Data Without Consent: Korea Regulator

South Korea’s Personal Information Protection Commission (PIPC) has flagged Chinese AI startup DeepSeek for transferring personal user data and AI prompt content abroad without user consent. The agency said on Thursday that Hangzhou DeepSeek Artificial Intelligence Co. Ltd. sent sensitive user information to multiple entities in China and the United States, violating South Korea’s personal data protection regulations. The case dates back to January 2024,...

Suzlon Secures 1,544 MW with NTPC Green Energy

Suzlon Energy Ltd has announced a major expansion of its partnership with NTPC Green Energy Ltd (NGEL), consolidating its total project capacity with the public sector unit to 1,544 megawatts (MW). The latest order, comprising 378 MW, strengthens what is now the company’s largest partnership in the PSU segment to date. In a regulatory filing on Wednesday, Suzlon stated that this latest order win affirms...
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Aviva India Fined $7.5M for Tax Evasion

Aviva India, the local arm of the British insurance giant, has been hit with a $7.5 million penalty after tax authorities uncovered fraudulent tax...

RBI Imposes ₹68.1 Lakh Fine on Banks, NBFC for Non-Compliance

The Reserve Bank of India (RBI) has imposed monetary penalties amounting to ₹68.1 lakh on Nainital Bank Ltd and Ujjivan Small Finance Bank for...

₹1 Lakh SEBI Fine on Link Intime Over TSR’s Cybersecurity Violations

The Securities and Exchange Board of India (SEBI) has imposed a ₹1 lakh penalty on Link Intime India Pvt Ltd due to cybersecurity compliance...

India Tightens Digital Data Regulations: DPDP Draft

The Indian government has released the draft Digital Personal Data Protection (DPDP) Rules, marking a critical step towards operationalizing the Digital Personal Data Protection...