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Freddie Mac, Fannie Mae to pay US $39 bn

Last Updated: Friday, November 8, 2013, 10:05

US mortgage finance giants Freddie Mac and Fannie Mae Thursday said they will pay the US Treasury USD 39 billion in dividends after reporting strong third-quarter earnings.

Infosys whistleblower could get $5-8 mn from settlement

Last Updated: Thursday, October 31, 2013, 13:48

In one of the largest settlements in an immigration fraud case, Bangalore-based Infosys has agreed to pay the amount to resolve claims made by federal prosecutors in Texas.

Infosys likely to be fined $35 million for visa related violations

Last Updated: Tuesday, October 29, 2013, 12:22

Infosys is expected to be slapped a fine of USD 35 million -- said to be the largest immigration fine ever -- by the Justice Department for allegedly violating visa norms, the Wall Street Journal said.

Consumer court fines postal department in Arunachal

Last Updated: Thursday, October 24, 2013, 13:47

A consumer court in an Arunachal district has imposed a fine on postal department for negligence of duty in delivering an important document to a customer.

Chevron in US court to block $19bn Ecuador fine

Last Updated: Thursday, October 17, 2013, 09:08

US oil giant Chevron went to court in New York this week to try to escape paying USD 19 billion in damages in Ecuador, accusing an American lawyer acting for indigenous people there of fraud.

JPMorgan fined $100 mn over `London whale` trade

Last Updated: Wednesday, October 16, 2013, 20:48

US regulators on Wednesday fined banking giant JPMorgan Chase $100 million for manipulating trade in the "London whale" trading debacle.

About Rs 5 cr penalty realised from ticketless rail passengers

Last Updated: Wednesday, September 25, 2013, 22:53

Railways has realised nearly Rs 5 crore as penalty from ticketless travellers this month.

Italian court upholds 500-mn-euro fine against Berlusconi firm

Last Updated: Tuesday, September 17, 2013, 21:06

An Italian appeals court on Tuesday upheld a fine of more than 500 million euros that Silvio Berlusconi`s Finivest company must pay to a rival media group, in another legal setback for the former premier.

Bayer CropScience inks pack to sell its unit for Rs 127cr

Last Updated: Friday, September 13, 2013, 16:52

Agro-chemical firm Bayer CropScience Friday said it has signed an agreement with Deccan Fine Chemicals to sell its Gujarat-based unit for a little over Rs 127 crore.

Amazon launches site for purchase of fine art

Last Updated: Thursday, August 8, 2013, 10:04

Customers can buy original and limited edition works of art from more than 150 prominent galleries and dealers via Amazon Art.

Sebi imposes Rs 4 lakh fine on 2 entities in Sanjay Dangi case

Last Updated: Wednesday, July 31, 2013, 21:48

Capital market regulator Sebi has imposed Rs 4 lakh penalty on two entities for failing to comply with the summons during an investigation into share price manipulation by Sanjay Dangi and associates.

Rihanna hit with 30K-pound fine for not showing up in own court case

Last Updated: Saturday, July 27, 2013, 17:17

Rihanna has been slapped with a fine of 30,000 pounds, after she failed to appear in court in an ongoing lawsuit .