SC empowers landowners to ask for dropping of land-acquisition proceedings on any of six grounds – land in green belt area, totally built-up land, land housing construction by religious, educational or charitable institutions, nursery lands, lands with factories, or similarity to adjoining lands not notified for acquisition [Deccan Herald]

TDSAT orders BSNL to pay Rs 50,000 in litigation costs to Vodafone, after rebuking BSNL for supressing information relevant to the dispute, from the court, despite being ‘state’ within the meaning of article 12 of the Constitution [Firstpost]

SEBI schedules July special auction of debt securities for FIIs after RBI increased their investment limits by $5bn, taking the limit to $20bn [Firstpost]

Insider trading law, US V India: US law on insider trading is judge made, while Indian law is black and white; judicial attitude to insider trading in India, is akin to judicial attitude to murder and rape; A majority of US insider trading cases get settled, whereas SEBI recently issued guidelines stating it would ordinarily never settle any charge of insider trading; SEBI is a judge in its own cause [Business Standard]

While Pinterest makes money out of users pinning images that are creations of other authors, according to Pinterest’s user-terms users alone stand the risk of being sued by copyright owner whose work was pinned without his permission [Social Media Today]

After Anonymous Op_India, ‘hacktivist’ group Anonymous turns attention to Japan, in retaliation to new anti-piracy law punishing illegal file sharing with up to two years in prison, or fine up to ¥2 million (£15,982)[The Register]