Kinetic Engineering Ltd, which sold a defective motorcycle to a customer in 2001, has been held guilty of 'gross' deficiency in service and unfair trade practice by a Delhi consumer court which also asked the company to refund him the bike's price.
The court directed Raju, the prime accused in Satyam scam, and others to furnish personal bond of Rs 20,000 each and sureties of the like amount on or before December 22 and posted the matter to the same date.
Securities and Exchange Board of India has barred Samir Arora, fund manager of Alliance Capital Mutual Fund, from dealing in securities in any manner for five years for violating the regulator's unfair trade practices norms
The new law proposes to bring e-retail users and players into its fold.
The national poll by Harvard Kennedy School's Institute of Politics said 32 per cent of 18-29 year-old Americans approve of Trump's job performance overall.
The announcement came amidst high tensions between the US and China.
The 50-share NSE Nifty plunged 98.65 points, or 0.87 per cent, to end at 11,278.90.
Recently, an Air India flyer sent a legal notice to the airline seeking damages of Rs 30 lakh for the breach of personal data of 4.5 million passengers, including her husband and herself. Air India had informed the complainant of the data leak a month earlier, after it emerged that its passenger service system provider fell prey to a cyberattack in February. However, in the absence of a data protection law, India lacks a mechanism for compensation or grievance redress of consumers in such cases, say experts. Advocate Virag Gupta, a New Delhi-based cyber law expert, explains that a legal notice is a good beginning in the Air India case, but it raises many questions. These include whether sensitive personal information has been leaked and whether the airline is responsible or not, given that a passenger service system provider was also involved.
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
The Appellate Authority has stayed Rs 1800 crore penalty on Coal India.
This was a fresh probe based on the inspection of certain derivative contracts both on the BSE and NSE.
'IPOs not clicking is cause for worry,' says Sebi chairman.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
This issue was recently decided by the South Mumbai Forum.
Trump abruptly rejected the text of the consensus statement and bitterly insulted Canadian PM Trudeau.
Taking advantage of the indifference of passengers, the Indian Railways routinely indulges in several unfair trade practices, says S Pushpavanam.
Biden said that 100 days since he took the oath of office on January 20 and inherited the worst pandemic in a century and the worst economic crisis in a decade, America is on the move again, turning peril into possibility, crisis into opportunity and setback into strength.
The report from the first request is scheduled to be delivered to Congress on December 15 this year.
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
China and the United States were headed for a major diplomatic confrontation as Washington on Wednesday ordered the closure of the Chinese consulate in Houston, a move it said was aimed 'to protect American intellectual property and private information', hinting at cyber espionage.
More punitive action was needed against the company and the management, say experts
The complaint is against Nestle's 'unfair trade practices'.
Piyush Goyal's comments about Amazon founder Jeff Bezos's investment in India reveals an inability to understand how businesses function, says Kanika Datta.
Maggi ban: SC orders fresh testing at Mysore lab.
The US move came after the Justice Department said that hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world.
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
In a short span of time, with the help of Amazon, Cloudtail was able to devise a model that could protect it from the vagaries of online retail business.
The two-day G20 Summit saw the Indian side making "significant contributions" on resolve to counter terrorism and boost global trade and investment.
Reliance Group, recently, accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group's three listed firms and selling them in open market causing a steep fall in share values.
A report by parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India.
India has been the single biggest beneficiary of the decades-old US Generalized System of Preferences programme, allowing the country to export $ 5.7 billion worth of duty-free goods in 2017, according to figures from US Congress.
Builders were questioned on unfair trade practices.
NSE's board was to approve on Friday the annual financial statement for the year ended March 31, 2019, but it decided to defer the matter till its legal team firmed up a view on Sebi's order, sources said.
The government has filed a lawsuit against Swiss food firm Nestle's Indian unit, seeking Rs 640 crore ($99 million) in damages on behalf of consumers after the country's worst packaged food scare in a decade.
A total 95 deaths deaths were reported since Friday morning, of which 37 in Maharashtra, 24 in Gujarat, nine in West Bengal, seven in Madhya Pradesh, four each from Rajasthan and Uttar Pradesh, three from Andhra Pradesh and Tamil Nadu and two from Delhi and one each from Punjab and Haryana.
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