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 FIA has reinstated Red Bull's Isack Hadjar to third at the Monaco Grand Prix, while Alpine's Pierre Gasly was demoted again following the latest appeal verdict.
West Bengal's Urban Development and Municipal Affairs Minister Agnimitra Pal announced that fines for spitting, littering, open defecation, and using single-use plastic bags will be enforced from Tuesday, with penalties ranging from Rs 100 to Rs 200, aiming to change public behaviour rather than generate revenue.
The Supreme Court of India has dismissed a petition seeking to abolish execution by hanging, affirming its legality while strongly emphasising that the State must carry out capital punishment in a manner that minimises suffering and preserves human dignity, even for condemned prisoners.
The National Highways Authority of India (NHAI) has introduced stringent new policy guidelines, mandating ambulances deployed on national highways to reach accident sites within a 10-km radius in 10 minutes and transfer victims to the nearest hospital within one hour, with penalties for non-compliance.
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.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
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.
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).
Mumbai Police have issued a prohibitory order banning weapons, explosives, and other harmful articles from August 29 to September 27, ahead of major festivals like Dahi Handi and Ganesh Chaturthi. The order aims to maintain public peace and safety, with specific exemptions for government personnel and security guards.
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).
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.
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.
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.
The White House has launched a major crackdown on the 'Great Transhipment Scam', accusing India and over 40 other nations of helping Chinese exporters bypass US tariffs by misrepresenting the origin of goods. The US plans to use AI-driven monitoring and anti-transhipment clauses in future trade agreements to strengthen enforcement.
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.
'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'
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 Maharashtra Food and Drug Administration has issued a show-cause notice to actors Shah Rukh Khan, Ajay Devgn and Tiger Shroff over their advertisement for Vimal Elaichi, claiming it prima facie amounts to "indirect or surrogate" promotion of prohibited pan masala and tobacco-related products.
Sunrisers Hyderabad skipper Pat Cummins has been fined Rs 12 lakh for maintaining a slow over rate in the IPL match against Gujarat Titans.
Air India Group has accumulated losses of about Rs 47,821 crore since its takeover, leaving its prolonged transformation among the biggest unfinished projects of N Chandrasekaran's tenure.
The Maharashtra government has proposed amendments to the Maharashtra Motor Vehicles Rules, 1989, making 'working knowledge of Marathi language' mandatory for cab drivers, with non-compliance potentially leading to suspension or revocation of driving licences.
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.
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.
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.
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.
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.
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.
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.
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.
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.
