HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
The Reserve Bank of India has imposed a penalty of Rs 41.8 lakh on Canara Bank for non-compliance with KYC norms and incorrect account classification, and Rs 3.1 lakh on Puran Associates Pvt Ltd for asset classification violations.
The Indian government has informed the Lok Sabha that the income-tax return (ITR) e-filing portal is functioning in a 'largely stable and efficient manner' despite a significant increase in traffic during the peak filing season. However, it acknowledged transient technical issues and disclosed that contractual penalties have been imposed on Infosys for project delays and service-level agreement failures.
China has cancelled drone shows and suspended drone flights across several provinces following a small plane crash in Beijing that raised significant security concerns, especially near top leadership compounds. This move signals a tightening of low-altitude aviation regulations, impacting the burgeoning "low-altitude economy" and civilian drone use, with new laws classifying illegal drone use as a public security threat.
The Securities and Exchange Board of India (Sebi) has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year, imposing a total penalty of Rs 1.48 crore, for the unauthorised pledge of ZEEL's Hyderabad land to secure loans for promoter-linked Essel Group entities.
A court in Mahoba district has sentenced Devendra Vishwakarma to death for the murder of his wife and two minor daughters in 2023. The conviction was secured through efforts under the Uttar Pradesh Police's Operation Conviction campaign.
The Maharashtra government has imposed a one-year ban on the manufacture and sale of "analogue" or non-dairy paneer due to public health concerns and widespread food safety violations. Offenders could face severe penalties, including life imprisonment and hefty fines, for misleading consumers with this lower-nutritional-value substitute.
The Competition Commission of India (CCI) has imposed a total penalty of approximately Rs 142.37 crore on HP India Sales Private Limited and several of its resellers for engaging in cartelisation and bid rigging on the Government e-Marketplace (GeM).
Former IPL chairman Lalit Modi has been cleared in most of the Enforcement Directorate's findings and penalties in the 2009 IPL South Africa FEMA case by an appellate tribunal. This verdict ends a 16-year legal battle, prompting Modi to announce his plans to return to India by late this year or early next year.
A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC).
The Madras High Court dismissed a petition by actor Vijay challenging an Income Tax department order to pay a Rs 1.50 crore penalty for alleged non-disclosure of income during 2015-16.
Beyond imprisonment, candidates caught cheating face cancellation of examination scores, blacklisting under China's social credit system and multi-year bans from appearing in state examinations.
President Droupadi Murmu has given her assent to the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, which introduces fast-track courts and significantly enhances punishment for those involved in public examination question paper leaks.
A Juvenile Justice Board in Bareilly has found a minor girl guilty of murdering her five-year-old brother. The boy was allegedly killed after he caught his sister in a compromising position with a man and threatened to tell their mother. The girl's alleged lover has already been sentenced to life imprisonment in connection with the same case. The board will issue a separate order on the quantum of punishment for the juvenile.
The Odisha government has issued a notice to Vedanta Aluminium Limited, Jharsuguda, demanding 233.11 crore for allegedly extracting over 30 lakh cubic metres of water monthly from the Bheden river system without authorisation between May 2025 and April 2026, a charge the company denies, claiming compliance with existing agreements.
Reigning Indian Super League champions East Bengal are set to face Kuwaiti league runners-up Al Arabi SC in a critical AFC Champions League Two preliminary-stage knockout fixture. The single-leg qualifier will determine a spot in the group stage, with East Bengal navigating squad challenges under new coach Antonio Lopez Habas.
GDN has a fascinating genius at its centre, but Madhavan's terrific performance is let down by a repetitive, overly familiar biopic treatment.
Sunrisers Hyderabad skipper Pat Cummins has been fined Rs 12 lakh for maintaining a slow over rate in the IPL match against Gujarat Titans.
US President Donald Trump announced steep tariffs on imported generic medicines, effective from August 2028, with the aim of boosting domestic pharmaceutical production. This policy, which includes a phased increase in tariffs up to 200 per cent, could significantly impact India, a major global supplier of generic drugs to the US market.
Indian pharmaceutical companies are not rushing to relocate manufacturing to the United States despite former President Donald Trump's renewed threat of tariffs up to 200 per cent on imported generic drugs. Instead, they are leveraging existing US plants, contract manufacturers, and making selective investments in complex products while maintaining India as their primary production hub.
France captain Kylian Mbappe admitted his side failed both tactically and technically in their 2-0 FIFA World Cup semi-final defeat to Spain, ending their hopes of a third successive final appearance.
India anticipates a reduction in the United States' proposed tariffs on Indian goods under the Section 301 investigation, following New Delhi's recent notification to restrict the import of products made with forced labour.
The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.
India is set to introduce a new amendment to its anti-paper leak law in the Lok Sabha, aiming to establish fast-track courts across all states and union territories for swift trials and significantly harsher penalties for exam malpractices, including jail terms of 5 to 10 years and fines up to Rs 50 lakh for individuals, and up to Rs 10 crore for organised crimes.
A division bench of justices AY Kogje and Samir Dave, in its July 7 judgment cited the "humongous" conspiracy, the intention to spread widespread terror and the large number of casualties as key reasons for affirming the punishment.
A bipartisan group of US senators has introduced a comprehensive bill imposing extensive sanctions on Russia, with India identified as one of five countries that could incur tariffs for its continued purchase of Russian oil.
A court in Ghazipur, Uttar Pradesh, has sentenced Amjad Khan to death for the brutal murder of his four-year-old nephew, Daniyal, in 2021, citing extreme cruelty in the crime.
The Supreme Court has agreed to examine Sebi's challenge to a Securities Appellate Tribunal (SAT) decision that cleared Wadia Group Chairman Nusli Wadia, Bombay Dyeing, and others of allegations of fraudulent financial reporting.
France's World Cup semi-final defeat to Spain marks the end of Didier Deschamps' 14-year reign, with Zinedine Zidane widely expected to take over and lead a new generation of gifted players towards future global titles.
Mumbai Police have registered a second FIR against a construction company for allegedly blocking the Kalina-BKC Link Road with cranes and materials. The fresh case, filed under the Bharatiya Nyay Sanhita, names the project manager and administrative head, following a previous penalty by MMRDA and viral videos of the obstruction.
The Delhi High Court dismissed an appeal by the Unnao rape survivor seeking the death penalty for Kuldeep Sengar in her father's custodial death case, citing an unexplained delay of 1,945 days in filing the appeal.
France showcased their tactical superiority and attacking prowess to defeat Morocco in the World Cup quarter-final, effectively neutralising Morocco's usually exhilarating offensive style with a dominant midfield and relentless pressure.
Maharashtra minister Dada Bhuse on Monday said teaching of Marathi language and conduct of examination of the subject have been legally made mandatory in schools of all mediums across the state, and those institutions that fail to comply could face cancellation of recognition.
A court in Madurai, India, has sentenced nine police officers to death for the custodial deaths of a father and son in Sathankulam, Tamil Nadu, in 2020. The victims, P Jayaraj and J Bennix, were killed after being arrested for violating COVID-19 lockdown rules.
Spain coach Luis de la Fuente has expressed confidence in teenager Lamine Yamal, stating that the forward's most significant World Cup performance is yet to come, potentially in the semi-final against France or the final.
The end of coach Didier Deschamps' Midas-like reign turned into a Tantalus torment as France suffered a comprehensive World Cup semi-final defeat by Spain before losing 6-4 to England in a wild third-place playoff, but those disappointments will not tarnish his legacy.
The Maharashtra Food and Drug Administration has issued a comprehensive order mandating free drinking water for customers in all food establishments, banning food served in newspapers, and introducing rigorous operational standards. These new regulations aim to improve food safety, hygiene, and transparency across hotels, restaurants, and other food service providers in the state.
France take on Spain in the FIFA World Cup 2026 semi-final aiming for a third consecutive World Cup final, with Kylian Mbappe and Ousmane Dembele leading Les Bleus against Europe's champions.
Didier Deschamps, who led France to their second world title in 2018 and established them as international football's most consistent major-tournament force, will be remembered for his unprecedented legacy despite recent semi-final defeats.
The Faizabad Bar Association in Ayodhya has resolved that its members will not represent the eight individuals accused of embezzling donations from the Ram Temple, imposing a Rs 5 lakh penalty on any lawyer who violates this decision. The association also demanded that Champat Rai, Anil Mishra, and Gopal Rao, associated with the temple management, leave Ayodhya within three days, threatening a city blockade if they do not comply.
