Latest news with #Consent
India.com
14-07-2025
- Business
- India.com
Bad news for Narayana Murthy, Infosys to pay fine of Rs 10000000 for not providing…, IT company enters into…
Narayana Murthy (File) India's second-largest IT company, Infosys, has had one of its units fined in the United States. The penalty has been imposed on Infosys McCamish Systems (IMS), a subsidiary of Infosys BPM. The Department of Financial Regulation (DFR) of the State of Vermont imposed the fine on IMS. The company is accused of failing to provide timely and accurate information during the investigation of a cyberattack that occurred in 2023. Additionally, IMS reportedly delayed informing affected individuals whose data was potentially compromised in the breach. Fine On Infosys Unit Infosys on Friday said its step-down subsidiary Infosys McCamish Systems and the US State of Vermont Department of Financial Regulation have entered into a 'stipulation and consent order' to resolve, without a hearing, the matter related to McCamish cyber incident. Within 30 calendar days of the entry of the Stipulation and Consent Order by the Commissioner, IMS is required to pay an administrative penalty of USD 125,000, the Bengaluru-headquartered IT company said in a BSE filing. 'In continuation to our statement dated March 14, 2025, we would like to update that on July 9, 2025, Infosys McCamish Systems (IMS), a subsidiary of Infosys BPM limited (a wholly owned subsidiary of Infosys limited) and the State of Vermont (United States of America) Department of Financial Regulation (DFR) entered into a Stipulation and Consent Order,' it said. In simple terms, stipulation and consent order is a legal pact where parties agree to terms and conditions, to resolve or settle a case without more litigation. Infosys Plan To Settle Lawsuit Infosys filing further informed that DFR had alleged violations of the Vermont Security Breach Notice Act by IMS. This was on the ground that IMS failed to respond to the DFR's request for information in the course of the investigation into the cybersecurity event with timely and accurate information and records and failed to provide timely and accurate notice of the cybersecurity event to data owners. 'IMS has entered into the Stipulation and Consent order to resolve the matter without a hearing. The Stipulation and Consent Order specifically records that IMS does not admit the existence of the alleged violations as above,' it said. In March this year, Infosys had informed the stock exchanges that Infosys McCamish Systems reached an agreement to settle six class action lawsuits in the United States, in relation to 2023 cyber incident. (With Inputs From PTI)
Irish Post
03-07-2025
- Politics
- Irish Post
Assembly backs law stopping mutilated pets being imported into Northern Ireland
THE Northern Ireland Assembly has approved a legal motion to stop the importation of pets which have been mutilated for 'aesthetic reasons'. In a move described as a 'significant moment' on the North's 'journey towards increasing animal welfare protections for pets', the Assembly approved a Legislative Consent Motion (LCM) to extend powers contained in the UK's Animal Welfare (Import of Dogs, Cats and Ferrets) Bill to Northern Ireland. Currently progressing through parliament, the legislation will allow Northern Ireland's Department for Agriculture, Environment and Rural Affairs (DAERA) to introduce new rules to restrict the import of cats and dogs which have been subject to painful practices like de-clawing or ear cropping. 'I am committed to ensuring the highest standards of animal welfare and creating a safe environment for all pets,' DAERA Minister Andrew Muir said. It has been against the law to mutilate any animal for cosmetic reasons in Northern Ireland since 2011 (Pic: Rolling news) 'I welcome this approval by the Assembly which marks a significant step forward in protecting companion animals from cruel and inhumane practices,' he added. While it has been against the law to mutilate any animal for cosmetic reasons in Northern Ireland since 2011, it is not illegal to buy a cat or a dog from another country where these practices are still permitted or tolerated. 'No animal should be subjected to mutilations for aesthetic reasons,' Minister Muir said. 'Ear cropping or tail docking are intensely painful procedures, carried out at a young age and deliver no health or welfare benefits,' he added. 'Gaining consent provides my department with the ability to close any remaining loopholes in our law and it sends a message that these inhumane practices have no place in our society." The Animal Welfare (Import of Dogs, Cats and Ferrets) Bill is a UK government-backed Private Members Bill, which was introduced by the MP for Winchester, Dr Danny Chambers. Once it achieves Royal Assent, it will provide powers to DAERA to make legislation in the NI Assembly to prohibit the importation of these animals on welfare grounds. See More: Law, Mutilation, Northern Ireland Assembly, Pets
United News of India
17-06-2025
- Business
- United News of India
TRAI ties up with RBI, banks to launch pilot project for digital consent management
Hyderabad/New Delhi, June 17 (UNI) The Telecom Regulatory Authority of India (TRAI) on Tuesday announced the launch of a pilot project for Digital Consent Management in collaboration with the Reserve Bank of India (RBI) and banks . In a release, TRAI said it has observed that a large number of spam complaints are made by the customers against the business entities from whom the consumers have earlier purchased goods or services. On investigation, such business entities often claim that they possess the consent of the consumer for receiving commercial calls and messages. Under the regulatory framework defined by the Telecom Commercial Communications Customer Preference Regulations (TCCCPR), 2018, an entity can make commercial communications to a consumer irrespective of his/her Do Not Disturb (DND) preferences provided the entity has taken explicit consent from the consumer. However, in many cases, these consents were collected through offline or unverifiable means, making it extremely difficult to ascertain their validity and genuineness. In several instances, consumers report that their mobile numbers have been acquired by the entities for this purpose through misrepresentation, deception, or unauthorized data-sharing practices. TRAI has undertaken several innovative regulatory measures in recent years to curb such practices. To address the issue, the regulations provide for acquiring consent digitally by the entities and registering them in a secure and interoperable digital consent registry maintained by the Telecom Service Providers (TSPs) for easy verification of consents while commercial communication is made to the consumers. However, for successful operation of this consent registration framework, onboarding of entities sending commercial communications is a necessary requirement. To begin the national roll-out, TRAI has launched a pilot project in coordination with the RBI involving select banks and has issued a Direction recently to all the Telecom Service Providers, mandating them to pilot this framework in collaboration with banks. Given the sensitivity of banking transactions and cases of financial frauds through spam calls, the banking sector has been prioritized for the first phase of implementation. This pilot, running under a Regulatory Sandbox framework, will validate the operational, technical, and regulatory aspects of the enhanced Consent Registration Function (CRF) and lay the foundation for sector-wise scaling of the digital consent ecosystem. UNI KNR PRS
Business Wire
12-06-2025
- Business
- Business Wire
Barclays Announces the Redemption of 4 iPath ® ETNs
NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (' Barclays ') announced today that it will exercise its issuer call option and redeem in full each of the 4 series of iPath ® ETNs (the ' ETNs ') listed in the table below on June 25, 2025 (the ' Redemption Date '). After obtaining the requisite consents with respect to each series of ETNs in connection with Barclays' cash tender offer and consent solicitation, Barclays has amended the indenture and global certificate for each series of ETNs to provide Barclays with the right to redeem, in its sole discretion, all, but not less than all, of the outstanding ETNs of each series, on the Redemption Date. Please see the iPath ® ETN website at (the ' Information Page ') for further details regarding the tender offer and consent solicitation. The ' Valuation Date ' for the redemption of each series of ETNs will be June 17, 2025, the fifth business day prior to the Redemption Date. A holder of the ETNs on the Redemption Date will receive a cash payment per ETN in an amount equal to the applicable Closing Indicative Note Value on the Valuation Date. For more information about how the Closing Indicative Note Value is determined, please refer to the section entitled ' Terms and Conditions of the Offers and Consent Solicitations—Closing Indicative Note Value ' in the Offer to Purchase and Consent Solicitation Statement dated December 7, 2023, as further supplemented, which is available on the Information Page. Under the terms of the ETNs, as amended, holders of any series of ETNs subject to issuer redemption will no longer have the option to exercise the holder redemption right. Therefore, no further elections for holder redemption will be accepted by Barclays. Holders of ETNs subject to issuer redemption may choose to continue to hold their ETNs until the Redemption Date or choose to sell their ETNs at a suitable time prior to that. Anyone considering investing in the ETNs or continuing to hold the ETNs should consider the risks described in the prospectus for the relevant series of ETNs when making an investment decision and consult with their broker or financial adviser to evaluate their investment in the ETNs. The pricing supplement and prospectus relating to each series of ETNs can be found on EDGAR, the SEC's website at as well as on the product website at the product page for each of the ETNs listed in the table above at An investment in the ETNs involves significant risks and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and do not benefit from any principal protection. For more information on risks associated with the ETNs, please see 'Selected Risk Considerations' below and the risk factors included in the relevant pricing supplement. Barclays is the issuer of the ETNs and Barclays Capital Inc. is the issuer's agent in the distribution. Please contact Barclays for further questions: Financial advisors: Directly contact Barclays at etndesk@ or 1-212-528-7990 to obtain further information. Individual investors: Instruct your broker/advisor/custodian to email us at etndesk@ or to call us at: 1-212-528-7990. You may call in together with your broker/advisor/custodian or have them speak to us on your behalf. About Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a full-service corporate and investment bank. For further information about Barclays, please visit our website Selected Risk Considerations An investment in the ETNs described herein involves risks. Selected risks are summarized here, but we urge you to read the more detailed explanation of risks described under 'Risk Factors' in the applicable prospectus supplement and pricing supplement. You May Lose Some or All of Your Principal: The ETNs are exposed to any change in the level of the underlying index or exchange rate, as applicable (the ' index ') between the inception date and the applicable valuation date. Additionally, if the level of the index is insufficient to offset the negative effect of the investor fee and other applicable costs, you will lose some or all of your investment at maturity or upon redemption, even if the level of such index has increased or decreased, as the case may be. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. Credit of Barclays Bank PLC: The ETNs are unsecured debt obligations of Barclays Bank PLC and are not, either directly or indirectly, an obligation of or guaranteed by any third party. Any payment to be made on the ETNs, including any payment at maturity or upon redemption, depends on the ability of Barclays Bank PLC to satisfy its obligations as they come due. As a result, the actual and perceived creditworthiness of Barclays Bank PLC will affect the market value, if any, of the ETNs prior to maturity or redemption. In addition, if Barclays Bank PLC were to default on its obligations, you may not receive any amounts owed to you under the terms of the ETNs. Market and Volatility Risk: The market value of the ETNs may be influenced by many unpredictable factors and may fluctuate between the date you purchase them and the maturity date or redemption date. You may also sustain a significant loss if you sell your ETNs in the secondary market. Factors that may influence the market value of the ETNs include prevailing market prices of the commodity markets, the U.S. stock markets or the U.S. Treasury market, the index components included in the underlying index, and prevailing market prices of options on such index or any other financial instruments related to such index; and supply and demand for the ETNs, including economic, financial, political, regulatory, geographical or judicial events that affect the level of such index or other financial instruments related to such index. Concentration Risk: Because the ETNs may be linked to an index composed of futures contracts on a single commodity or in only one commodity sector, the ETNs are less diversified than other funds. The ETNs can therefore experience greater volatility than other funds or investments. A Trading Market for the ETNs May Not Develop: The ETNs are not listed on any securities exchange and the liquidity of the ETNs may be limited. No Interest Payments from the ETNs: You may not receive any interest payments on the ETNs. Uncertain Tax Treatment: Significant aspects of the tax treatment of the ETNs are uncertain. You should consult your own tax advisor about your own tax situation. The ETNs may be sold throughout the day through certain brokerage accounts. Commissions may apply and there are tax consequences in the event of sale, redemption or maturity of ETNs. Sales in the secondary market may result in significant losses. © 2025 Barclays Bank PLC. All rights reserved. iPath, iPath ETNs and the iPath logo are registered trademarks of Barclays Bank PLC. All other trademarks, servicemarks or registered trademarks are the property, and used with the permission, of their respective owners.
Yahoo
14-05-2025
- Business
- Yahoo
BRN Shareholders Clearly Support Change on the Barnwell Board
Vero Beach, Florida--(Newsfile Corp. - May 14, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders following the closing of the Consent Solicitation: Dear Barnwell Shareholders: We wanted to thank all shareholders who participated in the Consent Solicitation process and supported change by submitting the Blue Card in favor of our proposals. Based upon the Consents that were submitted by The Sherwood Group, our preliminary report indicates the results of the Consent Solicitation below. Please note that these are preliminary results and subject to final tabulation and verification by an Independent Inspector of Election in the coming days: (i). 53.38% voted in favor of repealing any bylaw enacted by the Board on or after February 4, 2025;(ii). 53.38% voted in favor of removing Mr. Kinzler from the Board immediately;(iii). 53.39% voted in favor of electing oil and gas expert Ms. Isidoro to the Board immediately;(iv). 49.2% voted in favor of the election of Sherwood Group Nominee Sullivan;(v). 48.53% voted in favor of the election of Sherwood Group Nominees Cornell, Oran and Sherwood;(vi). 49.2% voted for Mr. Grossman's removal; and(vii). 47.48% voted for Mr. Horowitz's removal. Since a Consent Solicitation requires a high bar of 50% of all shares to vote in favor, we were successful in electing Heather Isidoro to the Board and removing Alex Kinzler from the Board. We were also successful in repealing the egregious Bylaw revision enacted by the Board that attempted to further limit shareholder rights. Unfortunately, we were unsuccessful in electing the balance of our proposed Board slate by very small margins. We believe that our failure to reach the 50% threshold for our other candidates was primarily due to the uniqueness of the Consent Solicitation and the predilection of institutional shareholders to vote in traditional proxy solicitations. Therefore, we hope to succeed on other Director nominees via Barnwell's upcoming annual meeting proxy vote. We must caution all shareholders that Barnwell's current entrenched management has filed a lawsuit in Delaware to keep our candidates off the ballot for the 2025 Annual Meeting, so the ability of shareholders who wish to support us to vote is currently in the hands of a Delaware court judge. Given the almost 50% support we received for our candidates in the Consent Solicitation, we are hopeful that the Judge rules that our candidates should be on the ballot for the 2025 Annual Meeting but if not, our supporters will not have a voice in Barnwell's future direction. As we noted in our previous releases, we originally launched our Consent Solicitation efforts because Barnwell's entrenched Board and management refused to set an annual meeting date, and we were concerned that the rapid financial deterioration in the Company's operations and the excessive spending by the Company on legal defense fees might deplete Barnwell's remaining cash resources to dangerously low levels. At this point, we are even more concerned about Barnwell's financial viability, and we believe that it is urgent that our Board nominees be elected in order to stabilize the Company and attempt a turnaround. We anxiously await Barnwell's report of its March 31, 2025 quarterly results which should be issued tomorrow on May 15 to see the Company's current financial situation. We have sent our Consent Solicitation results and tabulation to Barnwell and we have informed them that the Barnwell proxy statement for the 2025 Annual Meeting is now materially deficient and misleading given Mr. Kinzler's presence on the Barnwell slate. We have advocated for the 2025 Annual Meeting to be adjourned and have requested that the Company submit a new or amended proxy statement containing a universal proxy card with the Sherwood Group nominees (other than Ms. Isidoro who has already been elected to the Board by shareholders) and the management nominees so that finally, Barnwell shareholders can have a true choice in the remaining 4 available director slots. The Sherwood Group is prepared to allow shareholders to make their voice heard at the 2025 Annual Meeting, but it is clear that Kinzler, Grossman and Horowitz hope that their Delaware tactics allow them to proceed to the 2025 Annual Meeting uncontested. We hope that the Sherwood Group is able to move forward with a slate for the 2025 Annual Meeting. We hope justice for all shareholders prevails and what is better justice than choice. If you have any questions, please contact: Alliance Advisors200 Broadacres Drive, 3rd Floor, Bloomfield, NJ 07003Shareholders call toll-free: 1 (833) 215-7301Email: brn2025@ For media inquiries or further information, please contact: Alyssa BarryMedia Relations, Alliance Advisorsabarry@ To view the source version of this press release, please visit Sign in to access your portfolio
