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CCPA slaps Rs 54.6 lakh fine on 48 coaching centres, issues new norms to curb misleading ads

CCPA slaps Rs 54.6 lakh fine on 48 coaching centres, issues new norms to curb misleading ads

Wed, Nov 13, 2024

The Central Consumer Protection Authority (CCPA) has slapped a fine of Rs 54.6 lakh on 18 coaching institutes for misleading advertisements and issued comprehensive guidelines to address malpractices in the coaching sector.

NFRA slaps Rs 10.75-cr fine, bans 3 entities in Coffee Day Enterprises funds diversion case

NFRA slaps Rs 10.75-cr fine, bans 3 entities in Coffee Day Enterprises funds diversion case

Tue, Aug 20, 2024

The National Financial Reporting Authority (NFRA) has imposed penalties totaling Rs 10.75 crore on BSR & Associates LLP and its key members for audit lapses related to Coffee Day Enterprises' 2018-19 financial statements.

RBI slaps fines on 5 banks in Gujarat

RBI slaps fines on 5 banks in Gujarat

Thu, Oct 19, 2023

The Reserve Bank of India (RBI) has slapped monetary penalties on five co-operative banks in Gujarat for violation norms which include giving loans to their own directors which is not allowed.

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RBI Imposes Fine on These 9 Banks - Do you have account in any of them? FULL LIST

RBI Imposes Fine on These 9 Banks - Do you have account in any of them? FULL LIST

Tue, Nov 15, 2022

Penalties amounting to Rs 11.60 lakh have been imposed on nine entities, including six co-operative banks and three Sahakari banks, RBI said in separate releases.

Sebi fines Rs 51 lakh on 8 entities for violating regulatory norms

Sebi fines Rs 51 lakh on 8 entities for violating regulatory norms

Wed, Sep 07, 2022

The order came after Sebi received a complaint from ICICI Securities Ltd alleging, inter-alia, that certain short message services (SMSs) were being circulated, recommending the purchase of the shares of Ejecta Marketing Limited (EML).

RBI imposes monetary penalty on THESE 14 banks - Check reason, FULL LIST and amount of FINE

RBI imposes monetary penalty on THESE 14 banks - Check reason, FULL LIST and amount of FINE

Wed, Jul 07, 2021

The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.

Nearly Rs 10 lakh fine on wedding organiser for breaching Covid-19 lockdown; many guests left as police arrived

Nearly Rs 10 lakh fine on wedding organiser for breaching Covid-19 lockdown; many guests left as police arrived

Sun, Jan 24, 2021

Many of the guests left as police arrived.

No fines for traffic offences in Surat; here is why

No fines for traffic offences in Surat; here is why

Tue, Jul 07, 2020

"Since people are facing economic hardship, as per the government policy, we have decided to pay more attention to awareness rather than enforcement. Hence, we have planned to launch a 21-day campaign this month called 'I Follow'," Sumbe said.

Sebi slaps Rs 5 lakh fine on IFCI Factors, 3 others

Sebi slaps Rs 5 lakh fine on IFCI Factors, 3 others

Sun, Jan 07, 2018

The regulator observed that the four entities had violated Substantial Acquisition of Shares and Takeovers Regulation for the transactions in shares of Shiva Cement

Fraudulent trade: Sebi imposes Rs 55 lakh on five individuals

Fraudulent trade: Sebi imposes Rs 55 lakh on five individuals

Sat, Nov 04, 2017

Markets regulator Sebi has imposed a total penalty of Rs 55 lakh on five individuals for indulging in synchronised trading in the scrip of Shreeyash Industries.

EU hits Google with record $2.7 billion fine

EU hits Google with record $2.7 billion fine

Wed, Jun 28, 2017

EU antitrust regulators hit Google with a record 2.4-billion-euro ($2.7 billion) fine for favouring its own shopping service, taking a tough line in the first of three probes of its dominance in searches and smartphone operating systems.

Railways to pay Rs 75,000 to passenger whose seat was occupied by others

Railways to pay Rs 75,000 to passenger whose seat was occupied by others

Sun, Jun 04, 2017

The state consumer commission has asked the Indian Railways to pay Rs 75,000 to a man for the inconvenience he suffered when his reserved seat was occupied by unauthorised persons for most part of his journey.

Rs 15 lakh fine: Air India delayed over four lakh passengers beyond two hours in one year

Rs 15 lakh fine: Air India delayed over four lakh passengers beyond two hours in one year

Tue, Apr 18, 2017

On account of unruly passengers that fly Air India, the national carrier has decided to impose a fine of up to Rs 15 lakh on any passengers who delays a flight beyond two hours. The airline said that fine between Rs 5 to Rs 15 lakh will be imposed on such passengers.

NCDRC asks bank to pay Rs 50,000 for delay in processing cheque

NCDRC asks bank to pay Rs 50,000 for delay in processing cheque

Sun, Jan 15, 2017

Indian Overseas Bank has been asked to pay Rs 50,000 by the apex consumer commission to a man for delaying the crediting of a cheque amount of Rs 24,652.82 into his account.

South Korea regulator fines Qualcomm $854 million for violating competition laws

South Korea regulator fines Qualcomm $854 million for violating competition laws

Wed, Dec 28, 2016

South Korea`s antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the US firm said it will challenge in court.

China fines General Motors' unit $29 million for 'price-fixing'

China fines General Motors' unit $29 million for 'price-fixing'

Sat, Dec 24, 2016

Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.

South Korea to slap VW with record fine of nearly $32 million, pursue executives over emission ads

South Korea to slap VW with record fine of nearly $32 million, pursue executives over emission ads

Wed, Dec 07, 2016

South Korea`s antitrust watchdog said on Wednesday it will file criminal complaints against several executives at Volkswagen AG`s South Korean unit and fine the company a record 37.3 billion won ($31.87 million) for false advertising over its vehicle emissions.

IRDAI imposes Rs 10 lakh penalty on SBI Life Insurance Company

IRDAI imposes Rs 10 lakh penalty on SBI Life Insurance Company

Thu, Sep 22, 2016

Regulator IRDAI has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms, including guidelines on accepting business from a corporate agent after the expiry of licence.

CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation

CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation

Wed, Aug 31, 2016

Competition Commission of India (CCI) on Wednesday imposed more than Rs 6,700 crore penalty on 10 cement companies, including ACC, Binani, Century, UltraTech, for cartelisation.

CCI slaps fine of nearly Rs 73 crore on Lupin; Stock down 0.76%

CCI slaps fine of nearly Rs 73 crore on Lupin; Stock down 0.76%

Tue, Aug 02, 2016

CCI has imposed monetary penalty of nearly Rs 73 crore on pharma company Lupin for allegedly refusing to supply drugs to M/s Maruti & Co., in Karnataka state on account of non-possession of NOC from Karnataka Chemists and Druggist Association (KCDA).

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