Fine

EU fines Gucci, Chlo and Loewe €157m for luxury price-fixing scheme

The European Commission has fined luxury fashion houses Gucci, Chlo and Loewe over 157 million euros (nearly USD 183 million) for anti-competitive practices restricting independent retailers' ability to set prices for their luxury goods. The Commission said the companies' fixing of resale prices breached the bloc's competition rules, harmed consumers and would not be accepted. The decision sends a strong signal to the fashion industry and beyond that we will not tolerate this kind of practice in Europe, and that fair competition and consumer protection apply to everyone, equally,' commission vice president Teresa Ribera said in a statement on Tuesday. The commission said that the three brands restricted the ability of independent retailers to set their own prices for high-end apparel, leather goods, footwear and accessories sold both online and in physical stores. The brands required the retailers to stick to recommended retail prices, set maximum discount rates as well as periods

Google hit with $3.45 billion EU antitrust fine over adtech practices

The Commission said Google favoured its own online display technology services to the detriment of rivals and online publishers and that it abused its market power since 2014 until today

Sebi fines Prabhudas Lilladher ₹11 lakh for violating market norms

Capital markets regulator Sebi has levied a fine of Rs 11 lakh on Prabhudas Lilladher after finding the financial services firm in violation of several regulatory provisions, including misuse of client funds and incorrect margin reporting. The order came after the Securities and Exchange Board of India (Sebi) along with the exchanges NSE, BSE and MCX carried out a comprehensive joint inspection of Prabhudas Lilladher Pvt Ltd. The inspection period was from April 1, 2021, to October 31, 2022. One of the major findings was the alleged misuse of client funds on three occasions, where the net available balance (G) was negative, peaking at a shortfall of Rs 1.89 crore, thereby violating breach of market norms, the regulator said in the order on Wednesday. Further, violations included incorrect reporting of peak ledger balance in cash & cash equivalent, client registration process, and analysis of weekly enhanced supervision data, as per the order. Additionally, Sebi also found that the

Sebi fines investment advisor for 'sensational' YouTube captions

Sebi highlighted multiple lapses, including the firm's failure to conduct an annual audit and its practice of charging clients fees in both fixed and assets-under-advice (AUA) modes

RBI imposes fine on Manappuram Finance, IndusInd Bank over non-compliance

The statutory inspection of the companies was conducted by the RBI with reference to their financial position as of March 31, 2023

Consumer forum fines Flipkart Rs 10,000 for refusing to return fake product

Flipkart's rejection of the return, citing its 'no return policy', was deemed an unfair trade practice by the consumer court

Stubble burning penalties soar: Farmers may have to pay up to Rs 30,000

The stricter penalties come in the wake of sharp criticism from the Supreme Court, which had previously termed the earlier penalties 'toothless'

U'khand govt issues guidelines to stop 'spit jihad', fine upto Rs 1 lakh

The Uttarakhand government Wednesday issued detailed guidelines for preventing instances of people spitting in food, announcing a fine of upto Rs 1 lakh, mandating police verification of hotel and 'dhaba' staff and installation of CCTV cameras in their kitchens. The state police and the health department issued separate guidelines days after Chief Minister Pushkar Singh Dhami termed such incidents "thook (spit) jihad", and said stern action will be taken against the offenders. Two men were recently arrested in Mussoorrie for allegedly spitting into fruit juice glasses before serving them to tourists. A video from Dehradun had also gone viral in which a cook could be seen allegedly spitting while making dough for rotis. Health Minister Dhan Singh Rawat said safety and purity of food is top priority of his government during the upcoming festival season. Any kind of impurity or anti-social activities will not be tolerated during the festivals, Rawat said. Director General of Police ..

GQG Partners to pay $500,000 penalty to settle US regulator SEC charges

The investment firm settles alleged violation of whistleblower norms through consent

Noida police fines driver Rs 1,000 for not wearing a helmet - in a car

The driver Tushar Saxena further said that he had never driven his car in the area where the fine has occurred

DGCA slaps Rs 90 lakh fine on Air India for flying with unqualified crew

Air India Director of Operations and the Director of Training also face Rs 6 lakh and Rs 3 lakh fines, respectively

RBI imposes a monetary penalty on three payment system operators

The RBI's action on KYC non-compliance comes as the regulator has been cautious about lapses in these procedures

Ex- IAS Ranchhodbhai fined Rs 1L for filing frivolous plea against J-K LG

The Central Administrative Tribunal's Jammu Bench has imposed a fine of Rs 1 lakh on a former IAS officer for filing a "mischievous and frivolous" plea against the Lieutenant Governor of Jammu and Kashmir and other senior bureaucrats. The tribunal's judicial member Rajinder Dogra, in the July 16 order, said the application filed by a former IAS officer Kumar Ranchhodbhai Parmar about his service was just to "harass" the Lt Governor Manoj Sinha and other bureaucrats. The tribunal said this was a service-related matter and instead of impleading the Union and the state governments, Parmar has impleaded Sinha and other authorities by their names. "It is quite astonishing to note that the applicant, a senior IAS officer with extensive knowledge of the Constitution and its laws, proceeded to file the application seeking relief against the Hon'ble Lieutenant Governor," the tribunal said. The tribunal said it was dismissing the application and imposing a cost of Rs 1 lakh on Parmar to ...

Rs 67,000 fine for urinating in sea; Spanish city imposes new regulation

Spain's Marbella City imposes a fine of €750 for urinating in the sea, a higher penalty for repeated offences. The regulation aims to enhance cleanliness and health standards on the beach

Over 12,000 drunk drivers fined between January 1 to June 30: Delhi police

The traffic police has fined more than 12,000 people for drunk driving from January 1 till June 30, an almost 27 per cent increase over the corresponding period of the previous year, officials said on Saturday. The highest number of fines, 770, were issued in the Rajouri Garden Circle area, followed by 514 in the Samaypur Badli Circle area, data showed. From January 1 till June 30, police have fined 12,468 people for drunk driving, compared to 9,837 during the same period last year. This is an almost 27 per cent increase in prosecutions, the traffic police said. Besides Rajouri Garden and Samaypur Badli, the Rohini (441), Punjabi Bagh (387), Mehrauli (367), Mayur Vihar (364), Narela Circle (364), Kalkaji (344), Karol Bagh (342) and the Sadar Bazar (342) circles were among the areas that reported a high number of cases of drunk driving, the data showed. The circle area-wise analysis of number of violations, police said, will allow targeted enforcement efforts to improve road safety

A fine of Rs 1.2L per student at IIT-Bombay for 'derogatory' Ramayana play

On March 31, students from diverse departments at IIT-Bombay staged 'Raahovan,' videos of which circulated extensively on social media, sparking widespread backlash

MCA fines Nadella, LinkedIn India, 8 others for violating SBO norms

Company law experts have noted that the company has the option to appeal against the RoC order at the office of the regional director, MCA, or high court

Canada imposes Rs 82 lakh penalty on Infosys for underpayment of tax

Infosys has stated that it anticipates no significant impact on its financials, operations, or other commitments due to the imposition of the fine

DMRC not required to pay Rs 8,000 crore to Reliance Infra arm, says SC

The court clarified that the amounts deposited by the DMRC shall be refunded

DGCA slaps Rs 1.10 crore penalty on Air India for safety violations

The safety violations took place on certain long-range terrain critical routes, the DGCA said