The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
Nico Rosberg had his Formula One world championship lead over Mercedes teammate Lewis Hamilton cut to one point after the German was demoted from second to third place in the British Grand Prix on Sunday.
Pakistan on Wednesday hanged two more death-row prisoners, taking the total number of executions to 70 since the country reversed the self-imposed moratorium on the death penalty in December after the Taliban school massacre.
Until now, the penalty was Rs 1 crore only.
Akhtar was fined $5,000 for two breaches of the players' code of conduct. He left a training camp in Karachi earlier this month without informing the team management.
Gupta's lawyers said he did not accrue any 'direct financial benefit' from the insider trading offences and yet he has been ordered to pay a 'heavy price' of two years in prison, a $5 million fine and a separate $6 million in restitution to Goldman Sachs.
Ramesh alleged that through the "electoral bonds scam", the Bharatiya Janata Party has collected Rs 8,200 crore and used the route of "pre-paid, post-paid, post-raid bribes and shell companies".
Market regulator SEBI on Wednesday imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and Tata Consultancy S in the future and options market.
The 15-member body strongly condemned North Korea's ballistic missile launches.
The bench said it is not inclined to show any indulgence in this application.
The Pakistan Cricket Board's (PCB) appeals committee decided on Monday to suspend the fine and penalty imposed on fast bowler Shoaib Akhtar last week.
The government has accused Reliance Infocomm of violating the licence by illegally routing international calls as local ones to avoid payment of levies to telecom PSUs.
Safdar Nagori, one of the 38 convicts sentenced to death in the 2008 Ahmedabad serial bomb blasts case by a Gujarat court on Friday, appeared remorseless after the sentencing for a terror act that killed 56 people, and was heard saying the Constitution does not mean anything to him.
Sebi has imposed a penalty totalling Rs 44 crore on 18 entities, including the National Stock Exchange, its business development officer Ravi Varanasi, former MD and CEO Chitra Ramkrishna and her adviser Subramanian Anand along with certain stock brokers in the 'dark fibre' case.
The details of the verdict and reasons for the penalty imposed on Pakistan captain Inzamam-ul Haq.
The ministry had previously wanted to disallow $1.235 billion expenditure that RIL had incurred on putting production facilities at the Bay of Bengal gas fields but in the 7-page notice it sent to the company on May 2, the cost to be disallowed was put at $1.462 billion, sources privy to the development said.
Joe Biden, seeking a second term in the White House, stumbled in his first televised presidential debate with his predecessor Donald Trump, setting off alarm bells among top Democrats about whether the incumbent President can stay atop in the gruelling months ahead of the elections.
'His reaction, swearing at Joel Wilson, is unacceptable.'
'Check every SMS you get. Many people ignore them.' 'Remember if there is an activity in your account, your financial institution will send you an SMS, not a WhatsApp message.'
A new law that defines how companies should process users' data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.
Reliance Petroinvestments, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd (RIL), has approached the Securities Appellate Tribunal against the capital markets regulator, which imposed a Rs 11-crore (Rs 110 million) penalty on the company in the Indian Petrochemicals Corp Ltd (IPCL) insider trading case.
The Supreme Court on Monday said it wanted to "tighten up" the self-regulatory mechanism of monitoring TV news channels and granted four more weeks to News Broadcasters and Digital Association (NBDA) to come up with fresh guidelines.
The Supreme Court on Wednesday refused to interfere with the Delhi government's order putting a comprehensive ban on manufacturing, storage, sale and bursting of firecrackers in the city, saying people's health is important.
A bench headed by Justice Arun Mishra asked Bhushan to deposit the fine by September 15, failing which he will attract a jail term of three months and debarment from law practice for three years. Freedom of speech cannot be curtailed but rights of others need to be respected, said the bench, also comprising Justices B R Gavai and Krishna Murari.
'There is no one to blame for this crash,' said the younger Schumacher.
The FIA is also under fire on other fronts, with confusion about the scoring at last Sunday's shortened Japanese Grand Prix and widespread driver anger, about the deployment of a recovery tractor on track while cars were lapping in the heavy spray.
Pakistani authorities executed two men convicted for attacks on the army headquarters and former military ruler Pervez Musharraf on Friday night, days after Pakistan lifted its moratorium on the death penalty.
The Delhi high court has rejected a government challenge to an arbitration panel award that had ruled in favour of Reliance Industries Ltd in a dispute over gas migration from fields operated by state-owned ONGC in the KG basin. The government had slapped a provisional penalty of $1.55 billion on Reliance for "unjust enrichment" from gas migrating from the ONGC-operated KG-D5 block to the private firm's adjoining KG-D6 area. It had sought $175 million in additional profit petroleum from Reliance and its UK partner BP Plc.
The appellate authority which heard the appeals of the 21 Jawaharlal Nehru University students who were penalised in connection with the controversial February 9 event has found all of them guilty of indiscipline even as the financial penalty imposed on some of them has been reduced.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
For many developers, it may not be a sufficient saving to make it worth creating and maintaining alternatives.
Sebi has ordered attachment of bank and securities accounts of over 40 entities so far this year.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
The Competition Appellate Tribunal said the regulator relied on 'legally unsustainable' information downloaded from internet for nailing the BCCI.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
The Gujarat assembly on Tuesday unanimously passed a bill which makes teaching Gujarati language compulsory in all primary schools in the state, including those affiliated with CBSE, ICSE and IB boards.
Capital markets regulator Sebi on Thursday imposed penalties totalling Rs 11 crore on 8 entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain, in a case pertaining to software related to algorithmic trading. The regulator has levied a fine of Rs 1 crore each on NSE, Ramkrishna and Narain. Also, a fine of Rs 1 crore has been imposed on Suprabhat Lal, who was a NSE official at the time of violation.
