Penalty Financial News

PTI. The three-time champions were seen struggling to convert a penalty corner against Japan on Friday at the Mayor Radhakrishnan Hockey Stadium in Chennai. Despite India earning as many as 15 penalty corners, it could only convert just one, even though they have a potent force in skipper Harmanpreet Singh, Varun Kumar, Amit Rohidas, and Jugraj Singh.

Digital Personal Data Protection (DPDP) Bill, 2023 in the Parliament on Thursday. An older version of the Bill — which was five years in the making – had been withdrawn exactly a year ago. The new legislation aims to give people tighter control over the use of their personal information by businesses as it lays out strict conditions for data sharing, processing and storage.

A utility company in Ohio says it's being investigated by a state office focused on organized crime in connection with payments to the state’s former House speaker and a top utility regulator

Robert Bowers was sentenced to death by a federal jury for for killing 11 worshippers at Pittsburgh's Tree of Life synagogue in 2018. The first federal death penalty under the US President Joe Biden's tenure has been awarded for the deadliest anti-Semitic attack in American history. It was a unanimous judgement else Bowers would have been awarded life sentence without parole.

Belated Income Tax Return Filing AY 2023-24: If you have failed to file your ITR for AY 2023-24 by July 31, you can file a belated return till December 31, 2023. The Last Date to file ITR without any penalty for taxpayers whose accounts don’t need to be audited was July 31.

SAT) set aside the Securities and Exchange Board of India (Sebi) order imposing a penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holdings and eight other entities for the alleged violation of takeover rules. The tribunal directed Sebi to refund the ₹25 crore penalty within four weeks, while also pulling up the regulator for what it called the «inordinate delay» in proceedings.

₹30 lakhs on IndiGo Airlines and also directed them to amend their documents and procedures in line with DGCA requirements and OEM guidelines. IndiGo witnessed four tail strike incidents on A321 aircraft within a span of six months this year, following which the Directorate General of Civil Aviation (DGCA) carried out a special audit of the airline. In a release, DGCA said that during the audit, it reviewed the airline's documentation and procedure on operations, training, engineering and FDM programme.

motorcyclist in Delhi was caught imitating a daring scene from the hit movie '3 idiots,' starring Aamir Khan. However, the audacious act had a far different motivation, seemingly driven by the desire for social media fame rather than a genuine emergency. The daredevil rider, without wearing a helmet, was seen atop a Royal Enfield motorcycle, accompanied by a lady riding pillion and a child seated between them.

Delhi High Court has imposed a cost of ₹1 lakh each on the National Restaurant Association of India and the Federation of Hotel and Restaurant Associations of India for failing to comply with its April directions in a case related to levy of service charge on food bills. While hearing the petitions by the hotel bodies challenging the Central Consumer Protection Authority's July 4 last year's guidelines that imposed a ban on adding service charge unilaterally, Justice Pratibha M Singh said that «the clear impression» that the court gets is that the hotel bodies were in complete non-compliance of its April 12 order as they had filed the affidavits without serving them on the government properly so as to ensure that the hearing did not proceed before it.

₹1 lakh without disclosing the PAN of their landlords (as per Section 10(13A)). “Unfortunately, some individuals have been taking advantage of this provision, leading to a surge in cases where taxpayers are receiving notices from the tax department, asking for proof to validate their tax exemptions," said Abhishek Soni, CEO and Co-founder Tax2win. To scrutinize the genuineness of such claims, the Income Tax Department is adopting a comprehensive approach.

Revised Income Tax Return (ITR) Filing for AY 2023-24: To err is human. Taxpayers also make mistakes while filing their Income Tax Returns. This year is also no exception. These mistakes may be in the form of not disclosing all incomes or forgetting to claim some deductions.

The $450 million penalty handed to Crown Resorts for breaches of anti-money laundering and counter-terrorism laws is pointing to a lower-than-expected fine for its ASX-listed rival, Star Entertainment.

For years, Merrill Lynch failed to report suspicious transactions as required under federal bank regulations, and in particular the giant brokerage failed to apply the correct threshold to report suspicious activities for more than 10 years, according to statements Tuesday afternoon by the Securities and Exchange Commission and the Financial Industry Regulatory Authority Inc., which each penalized Merrill Lynch $6 million in settling the matter.

Sebi on Friday slapped a penalty of Rs 1 crore on Fidelity Management & Research Company for flouting the FPI rules in the matter of Fidelity Investments Money Management. In August 2021, designated depository participant JP Morgan Chase (JPMC) informed Sebi about the delay in intimation of change in material information of Fidelity Investments Money Management (FIMM).

Finra penalized Hightower Securities, the broker-dealer arm of the eponymous aggregator of registered investment advisors, $353,200 at the end of last month as a result of alleged violations of industry rules in selling alternative investments, namely GPB Capital Holdings private placements and an alternative mutual fund, the LJM Preservation & Growth Fund.

India clinched the SAFF Championships title for the ninth time after beating Kuwait 5-4 in a tense penalty shootout after both sides were deadlocked 1-1 in 120 minutes in the summit clash here on Tuesday. After five rounds of penalty kicks the scoreline remained 4-4 and sudden death rule was applied.Mahesh Naorem scored but a diving India goalkeeper Gurpreet Singh Sandhu saved Khaled Hajiah's shot to hand victory the home side.

Robinhood Financial, which runs a popular commission-free online trading application, has been hit with a record $70 million penalty for misleading customers, approving ineligible traders for risky strategies, and not supervising systems that failed and ended up locking millions of people out of trading.

Bankrupt crypto lender BlockFi can prioritize repaying investors over a $30 million penalty imposed by the U.S. Securities and Exchange Commission (SEC) after the regulator agreed to forgo the payment until investor funds are returned, court filings show.

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The New Jersey Bureau of Securities has issued a Summary Cease and Desist Order against leading cryptocurrency exchange Coinbase, Inc. for allegedly offering unregistered securities tied to its cryptocurrency staking services. The Bureau has further levied a hefty penalty of $5 million against Coinbase.

A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.