The government plans to impose an additional penalty of $578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.
The DoT has sought legal opinion on whether to seek a review of the court order or withdraw the penalty.
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
Andhra Pradesh secondary education minister K Parthasarathy was on Wednesday sentenced to two months' simple imprisonment by a court in Hyderabad in a 13-year-old case of Foreign Exchange Regulation Act violation.
The Financial Intelligence Unit-India (FIU-India), the national agency responsible for analysing suspicious financial transactions, has received requests from four more offshore crypto exchanges to operate in India again, said a senior government official familiar with the matter. In the beginning of 2024, India had banned nine crypto exchanges - Binance, Kucoin, Huobi, Kraken, Gate.io, Bitstamp, MEXC Global, Bittrex, and Bitfenix - for non-compliance with anti-laundering law in the country.
The Securities Appellate Tribunal (SAT) has stayed the ban imposed by the Securities and Exchange Board of India (Sebi) on Samir Jain, vice-chairman and managing director of Bennett, Coleman & Co (BCCL), his wife Meera Jain, and six others. BCCL owns news media organisations The Times of India, and The Economic Times. Last month, the regulator had refrained Jain from accessing the securities market for allegedly violating minimum public shareholding (MPS) norms in PNB Finance and Industries (PNBFIL) and Camac Commercial Company (CCIL), which are listed on the Calcutta Stock Exchange.
The Delhi L-G V K Saxena has approved a recommendation for a probe under the Prevention of Corruption Act against Satyendar Jain in a graft case related to CCTV installation in the city.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
The CPIO had rejected the three RTI queries on the ground that the Rs 10 Postal Order meant for fees for providing the information, was blank in one and in the other two cases, they were made out in favour of the CPIO.
A Delhi court Monday awarded death penalty to Ariz Khan for the murder of decorated Delhi Police Inspector Mohan Chand Sharma in connection with the sensational 2008 Batla House encounter case, saying the offence fell under the 'rarest of the rare category' warranting the maximum sentence.
Trai on Monday recommended imposing penalty on India's largest private sector basic telephony service provider, Reliance Infocomm, for offering mobility services almost similar to cellular phones, to its wireless phone subscribers.
Has death penalty in the statute served as a deterrent for heinous crime?
As per the latest information available with the Securities and Exchange Board of India, the regulator has slapped a total monetary penalty of Rs 26.53 lakh (Rs 2.65 million) in April-May 2013.
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
This is the second time in less than a week that the watchdog has taken enforcement action against the airline in connection with unruly passenger behaviour.
Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans.
Software services firm Infosys Technologies has imposed a fine on its chief executive officer S 'Kris' Gopalakrishnan and an independent director Jeffrey Sean Lehman for violating company rules.
The original points deduction meant Everton dropped from 14th in the standings into the relegation zone with four points. The club filed an appeal against the initial deduction, which they labelled "wholly disproportionate and unjust".
The government is understood to be mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond December 30 when the deadline to deposit them in banks expires.
In a notice sent to all its members on March 20, BSE has listed nine types of violation for which penalty norms have been revised. These are circular trading, fictitious trading, creating artificial volumes, price manipulation (rigging), manipulation of order book, placing of orders at unrealistic prices when circuit filters are open, placing orders that result in rogue trades, late submissions of details or submission of wrong information.
The Delhi high court on Monday granted bail to four convicts serving life imprisonment in the murder case of TV journalist Soumya Vishwanathan.
The Supreme Court on Wednesday directed self-proclaimed godman Chandraswami to deposit Rs 25 lakh within a week as the first part of penalty in several Foreign Exchange Management Act violation cases registered by the enforcement directorate.
Earlier in the day, the high court upheld a trial court order convicting Khan of the murder of the slain inspector but refused to confirm the capital punishment.
Ports, Shipping and Waterways Minister Sarbananda Sonowal made the request during a meeting with Iranian Foreign Minister Hossein Amir-Abdollahian in Tehran on Monday.
The telecom tribunal TDSAT on Wednesday asked new operators S Tel and Videocon Teleservices to pay 60 per cent of the penalty within two weeks, imposed on them by the Department of Telecom for failing to meet their roll-out obligations.
It noted that the self-regulatory mechanism can be strengthened after taking note of all existing material, including the inputs of former apex court judges.
The gangster-politician was booked in 65 criminal cases ranging from murder to extortion and was elected an MLA five times on the tickets of different political parties.
Videos this week: News and Bollywood masala!
Beleaguered all-rounder Rana Naved has also sent a legal notice to the Pakistan Cricket Board (PCB) against the 12-month ban and Rs 2 million fine imposed on him by the board in early March.
A Mumbai court on Wednesday rejected the bail plea of businessman Raj Kundra, arrested in a case of alleged creation of pornographic films and publishing them through apps, after the prosecution contended the police investigation was still on and his release at this juncture will derail the probe.
Mobile operators have strongly opposed the decision of telecom regulator Trai to impose penalties on them for unsolicited calls, saying the move is "unfair" and would discourage service providers which cannot be blamed for the nuisance.
It is learnt that Pandove had applied for indemnity under Rule 34 of BCCI constitution where the organisation pays on behalf of the member if he is slapped with a penalty while discharging his function.
The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notices over the petition filed by e-commerce major Amazon, challenging a recent order passed by the fair trade regulator CCI that suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). The appellate tribunal has directed the Competition Commission of India (CCI) and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it. It has directed to list the matter on February 2, for next hearing.
Reliance Infocomm on Thursday got a temporary relief from paying Rs 150 crore (Rs 1.5 billion) penalty imposed by the government on charges of illegal routing of international calls, with the telecom dispute appellate tribunal TDSAT directing that th
McLaren's Lewis Hamilton will drop 10 places on the French Grand Prix starting grid after a pit lane collision with Ferrari's Kimi Raikkonen in Canada on Sunday. Race stewards imposed the penalty after both drivers were forced to retire from a race that was eventually won by BMW Sauber's Robert Kubica.
Seventeen years since a string of powerful bombs ripped through Mumbai's commuter trains system in the evening rush hour on July 11, the Bombay high court is yet to commence hearing on the confirmation of the death penalty given to five convicts in the case.
Banks are expected to cut lending rates from April 1.
