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₹2.46 crore on two companies and seven individuals, including promoters, for flouting regulatory norms. The regulator also barred Girish Talwalkar, Prashant Talwalkar, Madhukar Talwalkar, Vinayak Gawande, Anant Gawande, Harsha Bhatkal and Girish Nayak for varying periods.

TikTok hit with $368 million fine for failing to protect children's privacy under Europe's strict data privacy rules

European regulators have slapped TikTok with a $368 million fine for failing to protect children's privacy

European regulators slapped TikTok with a $368 million fine on Friday for failing to protect children's privacy, the first time that the popular short video-sharing app has been punished for breaching Europe's strict data privacy rules. Ireland's Data Protection Commission, the lead privacy regulator for Big Tech companies whose European headquarters are largely in Dublin, said it was fining TikTok 345 million euros and reprimanding the platform for the violations dating to the second half of 2020.

hearing through an unprepared junior advocate on Thursday. An advocate on record (AoR) is a lawyer who is authorised to represent clients and file cases in the Supreme Court. The incident occurred when the three-judge bench took up the matter and a junior advocate, possibly asked to fill in for his senior at the eleventh hour, appeared before the court without the necessary case file and was unable to respond to any queries related to the case.

Uber on Thursday said it rejected a ruling from a Brazilian labor court ordering the ride-hailing firm to pay 1 billion reais ($205 million) in fines for irregular working relations with the drivers on its app. The sentence, handed down by a Sao Paulo state court, also ordered Uber to recognize its employment relationships with all its app's drivers and register their professional work cards, with a penalty of 10,000 reais for each unregistered worker.

A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine

US federal court filings show Greek shipper pleads guilty to smuggling sanctioned Iranian oil, to pay $2.4 million fine

Meta has lost a legal battle to freeze an order from Norway’s data protection authority that imposes hefty fines on the Facebook and Instagram owner over advertising practices deemed to violate user privacy

Australia’s consumer watchdog has called for Qantas Airways to be punished with a record fine for allegedly selling tickets on thousands of flights that had already been canceled

Supreme Court on Thursday questioned one of the convicts in the Bilkis Bano gangrape case and the murder of seven of her family members during the 2002 Gujarat riots for depositing the fine imposed on him when the hearing on the pleas challenging his remission was underway before it. Senior advocate Sidharth Luthra, appearing for convict Ramesh Rupabhai Chandana, told a bench of justices BV Nagarathna and Ujjal Bhuyan that convicts have approached the trial court in Mumbai and have deposited the fine imposed upon them. «Does non deposit of fine has a bearing on the remission? Did you apprehend that non deposit of fine would have a impact on the merits of the case. First you ask for permission and now without permission you have deposited,» the bench said. Responding to the court's query, Luthra said non-deposition of fine does not affect the decision on remission but he had advised his clients to deposit the fine to «reduce the controversy». «According to me, this has no legal consequence. But since the argument was raised...To reduce the controversy, we have deposited now,» he said. The submission assumes significance as one of the PIL petitioners, challenging the remission granted to convicts, has argued that their premature release is illegal as they have not served their sentence in entirety.

ITC Chairman Sanjiv Puri said on Sunday. Addressing the B20 Summit organised by the CII here, Puri said extreme weather events are impacting the earth as well as human life and requires a lot of attention. Extreme weather events have a deep impact on nature and therefore also on the Global South.

Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, for alleged violations. In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to the same client and also sold products for overlapping periods. This was done to defraud clients and earn maximum fees, the order said, adding that the noticee did not act honestly, fairly, and diligently in the best interests of its clients, thereby violating the code of conduct of Investment Advisers (IA) regulations. Further, Sebi observed that SIMR induced its clients to trade in the market, contravening the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) rules. «I note that there were 24 unique complaints pending against the noticee (SIMR).

Nationalist Congress Party (NCP) president Sharad Pawar, Uddhav Thackeray who heads his own faction of the Shiv Sena and Congress leaders on Wednesday held a meeting of the Maha Vikas Aghadi (MVA) in order to fine tune preparations for the INDIA Bloc meet. The anti-BJP coalition called INDIA will see opposition leaders coming to Mumbai on August 31 for a two-day meet. The meeting was mainly held on the issue of travel arrangements and logistics for the visiting opposition leaders.

The New York-based fintech investment adviser, Titan Global Capital Management, has agreed to comply with the US Securities and Exchange Commission's (SEC) cease-and-desist order and paid fines exceeding $1 million for misleading investors about its cryptocurrency offering.

A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform.

Meta Platforms on Tuesday asked a court in Norway to stop a fine that the country's data regulator has imposed on the owner of Facebook and Instagram for breaching user privacy, in a case that could have wider European implications. Since Aug. 14, Meta Platforms has been fined 1 million crowns ($94,313) per day for harvesting user data and using it to target advertising at them, called behavioural advertising, a practice common to Big Tech. The company is asking for a temporary injunction against the order, which imposes a daily fine through to Nov.

TDL), a subsidiary of Coffee Day Enterprises Ltd. Besides, the auditing firm — Sundaresha & Associates — and the two auditors — C Ramesh and Chaitanya G Deshpande — have been barred from taking up auditing work for varying periods.

MUMBAI: An 83-year-old widow, who was not liable to file her IT return, has obtained a favourable order from the income-tax appellate tribunal (ITAT), Delhi bench. The tax tribunal set aside the penalty imposed on her for not filing her tax return. This Gurgaon-based octogenarian who had never filed an I-T return, as she was a homemaker and did not have taxable income, would have understandably been shocked to get a demand of Rs 5,000 — a penalty imposed under (erstwhile) section 271F of the I-T Act for not filing the tax return by the due date. This action was taken in respect of the financial

A federal judge has ruled California-based company will pay just under $5 million in fines for discharging wastewater into a publicly owned sewage treatment plant in Mississippi without obtaining a valid state permit

The US Securities and Exchange Commission (SEC)’s push to force the crypto industry into “regulatory compliance” via enforcement action continues, with bankrupt crypto exchange Bittrex the latest to fall foul of the agency.