News digest: Data ownership, June WPI inflation, LIC-IDBI deal, and more

From Trai's comment on data ownership to LIC's board giving an approval for a deal with the IDBI Bank, BS brings you up to date with the latest news

People should have right to their data, firms are mere custodians: Trai

In a move with far-reaching ramifications, the Telecom Regulatory Authority of India (Trai) on Monday said users own their data and entities in the digital ecosystem, which store or process such data, are mere custodians having no primary right over it. Read more

LIC board gives approval to acquire 51% stake in debt-ridden IDBI Bank

Life Insurance Corporation of India (LIC) came a step closer in acquiring majority stake in the government-owned IDBI Bank, as its board gave an approval to the deal on Monday. Read more

Wholesale price inflation rises to 4-year high in June at 5.77% 

Ahead of the Reserve Bank of India’s (RBI) monetary review next month, wholesale price inflation rose to a four and a half year high of 5.72 per cent in June, up from 4.43 per cent in May. Read more

More than $6 bn green bond issues still stuck due to rising interest rates

Green bonds of huge amounts from India are stuck because of rising interest rates and global uncertainties, even as the country’s largest lender, SBI, is in the process of issuing its maiden green bonds of at least $500 million. Read more

Tata group doles out handsome annual hikes for independent directors

The independent directors of seven leading Tata group firms got hefty hikes in their remuneration for FY18 as compared to previous year. Read more