China province fines Mercedes Benz $56 mn for price fixing

Last Updated: Thursday, April 23, 2015, 11:27

Mercedes-Benz was fined for violating anti-monopoly laws and price fixing.

DLF gets interim reprieve from SEBI's Rs 26 cr penalty order

Last Updated: Wednesday, April 15, 2015, 21:16

Slapped with a Rs 26 crore fine by SEBI, realty giant DLF Wednesday said the markets regulator will not enforce payment of the penalty till the pendency of the company's appeal against the order.

Nina Ricci heir convicted of tax fraud after HSBC leaks

Last Updated: Monday, April 13, 2015, 20:19

The heiress of the fashion and perfume house Nina Ricci was sentenced on Monday to a year in prison and ordered to pay heavy fines and back taxes for having hidden millions of euros in HSBC bank accounts in Switzerland.

Swiss bank BSI fined $211 mn in US tax evasion case

Last Updated: Monday, March 30, 2015, 23:53

Swiss Bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade US taxes, the Justice Department announced Monday.

Takata sued for $1.9 bn in Canada over faulty airbags

Last Updated: Saturday, March 28, 2015, 10:02

The problem has been linked to at least five deaths globally, with a sixth death under investigation.

PayPal to pay $7.7 million in US Treasury sanctions case

Last Updated: Thursday, March 26, 2015, 10:11

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

Listed companies to disclose specific details on frauds

Last Updated: Wednesday, March 25, 2015, 15:09

Listed companies will soon have to provide specific details of any fraud, including its financial impact, by its executives as part of stringent disclosure norms finalised by capital markets regulator Sebi.

Chevrolet ordered to pay French dealers nearly 8 mn euros

Last Updated: Tuesday, March 24, 2015, 09:56

Carmaker Chevrolet was ordered to pay its French dealers nearly eight million euros (USD 8.5 million) in compensation by a Paris court for the "brutal" withdrawal of its brand from Europe.

'Penalty of up to Rs 25 cr for mis-selling insurance policies'

Last Updated: Friday, March 13, 2015, 22:24

The amended insurance law provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation of policies by agents or insurance companies to customers.

I-T Dept slaps $1.6 bn tax demand on Cairn Energy Plc

Last Updated: Tuesday, March 10, 2015, 23:09

Income Tax Department Tuesday slapped a Rs 10,247 crore (USD 1.6 billion) tax demand on Cairn Energy Plc, which termed the action as "very disappointing" and said it would contest the order.

DLF says reviewing $8.4 million SEBI penalty

Last Updated: Friday, February 27, 2015, 09:02

It added that it had not acted in contravention of law either during its initial public offer or otherwise.

DLF IPO disclosure case: SEBI imposes Rs 86-cr penalties

Last Updated: Thursday, February 26, 2015, 19:49

In the biggest-ever penalty in a single case, SEBI Thursday slapped fines totalling Rs 86 crore on realty giant DLF, its top executives, their family members and various other related entities for entering into "sham transactions" to mislead IPO investors about eight years ago.