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.