Fine Financial News

04.08 / 02:23

UPS BLOCK Digital Citizens Platform social information Fine Data Protection Bill: This much fine entities will have to pay for violating online information of citizens

₹250 crore and a minimum of ₹50 crore would be imposed on them, including blocking of the platform. This new mandate has come as the union government on Thursday tabled the Digital Personal Data Protection Bill 2023 in the Lok Sabha with an aim to protect the privacy of Indian citizens. The entities such as social media companies, startups, e-commerce platforms, banks, fintech, state-backed entities etc will be imposed with a penalty of up to ₹250 crore for misusing or failing to protect the digital data of individuals, the Bill proposed on Thursday.

31.07 / 14:47

COST UPS FIVE film Jail Fine Up to 3-year jail term, steep fine for film piracy: Anurag Thakur

bill mandating a maximum jail term of three years and a fine of up to five per cent of the production cost of the film for persons involved in film piracy and circulation of such content. The Cinematograph (Amendment) Bill 2023, which was passed by Rajya Sabha on Thursday last week, was approved by the Lok Sabha after a brief debate amid protests by the opposition demanding a statement by Prime Minister Narendra Modi in Parliament on the ethnic violence in Manipur. «We will stop film piracy through this Bill.

31.07 / 14:13

UPS Twitter Mobile Browser social Fine Portal NOT E-filing portal not working, waive Rs 5000 fine till August 31, says taxpayer; taxmen’s reply here

ITR Filing for AY 2023-24: There has been a record number of ITR filing this year. According to the data shared by Income Tax Department, more than 5.83 crore ITRs have been filed till 1 pm today (July 30). This milestone was reached on July 31 last year.

28.07 / 20:29

UPS Lowe's Extreme Gap Nikkei Fine Japan's central bank retains key interest rate while fine-tuning bond purchases for more flexibility

Japan's central bank has opted to keep its benchmark interest rate at minus 0.1% but has fine-tuned its bond purchases to allow greater flexibility in its policies

28.07 / 17:23

FIVE Enterprise Fine audit Coffee Day Global case: NFRA slaps Rs 2.15 cr fine, imposes ban on 2 auditors, 1 audit firm

National Financial Reporting Authority (NFRA) on Friday slapped penalties of Rs 2.15 crore on three entities, including two auditors, besides barring them for varying periods for lapses in the audit of Coffee Day Global Ltd for 2019-20. The case pertains to the diversion of funds worth Rs 3,535 crore from seven subsidiary companies of CDEL to Mysore Amalgamated Coffee Estate Ltd (MACEL).Coffee Day Global Ltd (CDGL) and MACEL are subsidiaries of the listed entity Coffee Day Enterprises Ltd (CDEL).

28.07 / 14:27

Fine NFRA imposes 1-year ban, slaps fine on auditor for lapses

National Financial Reporting Authority (NFRA) has slapped a fine of Rs 1 lakh and a one-year ban on an auditor for alleged professional misconduct in the audit of Anshu's Clothing Ltd for 2015-16. During FY2015-16, Anshu's Clothing's, now known as Aditri Gems & Jewels Ltd, shares were listed on BSE and Metropolitan Stock Exchange. In its order on Thursday, the regulator said it had levied a fine of Rs 1 lakh on Sachin Kansal.

28.07 / 13:33

UPS DOW COMPOSITE DAX Nikkei Fine Stock market today: World shares are mixed after Bank of Japan fine-tunes bond purchase policy

Shares in Europe and Asia are mixed after the Bank of Japan adjusted its bond purchase policy but kept its negative benchmark interest rate unchanged

28.07 / 13:33

Fighting Fine end Casino mogul Steve Wynn to pay $10 million fine to end Nevada fight over claims of workplace sexual misconduct

Casino mogul Steve Wynn to pay $10 million fine to end Nevada fight over claims of workplace sexual misconduct

28.07 / 10:26

Aviat Action Airlines Inside Fine DGCA slaps Rs 30 lakh fine on IndiGo for four tail strike incidents in six months

India's aviation regulator DGCA on Friday imposed a penalty of Rs 30 lakh on IndiGo airline for four tail strike incidents in six months of 2023. «DGCA has imposed a financial penalty of Rs 30 lakhs on IndiGo airlines and also directed them to amend their documents and procedures in line with DGCA requirements and OEM guidelines,» ANI quoted DGCA as saying.

28.07 / 06:17

Highways stage Fine Fine for over speeding on this expressway may be directly deducted from FASTag. Read to know more

Bengaluru-Mysuru Expressway, Bengaluru police department is planning to deduct fines directly from the FASTag accounts of vehicles caught traveling above 100kmph on the six-lane highway. As per a ToI report, the proposal is currently in its early stages as the National Highways Authority of India (NHAI) is currently exploring the possibilities of implementing the new penalty system.

28.07 / 06:17

COST UPS Extreme Manufacturing Gap Fine Japan's central bank retains key interest rate while fine-tuning bond purchases for more flexibility

Japan's central bank opted Friday to keep its benchmark interest rate at minus 0.1% but said it will fine-tune its bond purchases to allow greater flexibility given «high uncertainties» for the economy and for prices. The Bank of Japan said it needed a more nimble approach to keep financial markets stable as it works toward a goal of keeping inflation near 2%. It said it would offer to buy 10-year Japanese government bonds at 1% each business day, instead of the upper limit of 0.5% that was imposed under its «yield curve control program.» After the BOJ's announcement, the yield on the 10-year government bond surged to 0.57%.

27.07 / 12:03

COST Provident Progressive Action Fine compliance Delhi HC slaps ₹1 lakh fine on restaurant associations for non-compliance of service charge directions

₹1,00,000 on the National Restaurant Association of India (NRAI) and the Federation of Hotel & Restaurant Associations of India (FHRAI) to pay as costs for non-compliance of service charge directions issued on 12 April. The court has directed that the costs be remitted to the Department of Consumer Affairs.

27.07 / 02:51

COST UPS Target band debate Fine Low BOJ to keep ultra-low rates, may debate fine-tuning yield cap

By Leika Kihara

26.07 / 00:05

UPS COP show Fine World’s biggest dairy biz Lactalis gets $950,000 fine from ACCC

French dairy juggernaut Lactalis’s Australian subsidiary has capped off ACCC’s allegations it breached the Dairy Code of Conduct with a miniscule fine, after a Federal Court judgement on Tuesday.

25.07 / 08:41

regulation UBS companies Credit Suisse PRA FINMA Fine Credit Suisse receives record fine over Archegos failures

Credit Suisse provided prime brokerage services to Archegos and entered into equity total return swaps with the family office, booking eventual losses of $5.1bn as a result of its collapse.

25.07 / 05:33

COST UPS Strategy NIFTY performer star Fine ITC shares down 7% in 2 days. Is hotel demerger fine print really that bad?

ITC management chose to keep 40% of the hotels business with itself after demerger, investors continued to dump shares of cigarettes-to-hotels major ITC for the second day on Tuesday. Nifty's star performer has lost around 7% in the last two days. After yesterday's 4% decline, ITC stock went down another 3% to Rs 455.95 today on BSE.

22.07 / 06:47

Waves Twitter Citizens Action Metro awards show Fine Traffic Bengaluru school bus driver's 'triumphant' pose during traffic fine sparks hilarity online

Bengaluru, the bustling high-tech startup hub known for its fast-paced lifestyle, recently witnessed a lighthearted moment that amused its residents. The incident involved a school bus making wrong U-turns on a busy road, catching the attention of alert citizens who promptly reported the violation to the traffic police. A Twitter user with the handle "@ChrysalisHigh" posted a complaint, alerting the authorities about the school bus (bearing the number KA53AA6189) driving in the wrong direction under the Garudacharpalya metro station from Brigade Metropolis.

21.07 / 17:15

Target Digital SEC CEO Platform Inside social Trump Fine Trump-linked SPAC to pay $18M fine to SEC over ‘material misrepresentations’

Digital World Acquisition Co., a blank-check company, has found itself entangled in a web of legal trouble with the Securities and Exchange Commission over its proposed merger with media giant Trump Media and Technology Group.

19.07 / 10:55

UPS Google Action Reddit social Fine NOT Reddit faces first fine in Russia for not deleting 'banned content'

Social media site Reddit faces being fined for the first time in Russia for not deleting «banned content» that Moscow says discredits the Russian army, the Interfax news agency reported on Wednesday, citing a Moscow court. Reddit joins a list of sites under scrutiny in Russia for failing to remove content that Moscow deems illegal, including Wikimedia, streaming service Twitch, and Google.

18.07 / 15:39

Dreams Fine Novak Djokovic receives heavy fine for smashing racquet during Wimbledon 2023 final

racquet abuse' and a heavy fine of $8,000 will be imposed on the legendary tennis player. The high amount of fine is being termed as the record for the year 2023. “There's not much to talk about that.

17.07 / 18:43

Amazon Fine recovery SC extends stay on CCI's Amazon fine recovery

Supreme Court on Monday extended its stay on the recovery of the '202-crore penalty imposed by the Competition Commission of India on Amazon.Com NV Holdings for its 2019 purchase of 49% stake in a Future group entity.

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