Maggi row: Claims from Nestle India can go beyond Rs 640 cr, says Govt

Last Updated: Wednesday, August 12, 2015, 22:29

Government's claim from Nestle for selling "defective and hazardous" Maggi noodles may exceed Rs 640 crore as it is tabulating further damages to be sought, even as the company termed the class action suit as disappointing and an unprecedented step.

US sets $250 mn fraud fine on execs of Chinese coal firm Puda

Last Updated: Saturday, July 25, 2015, 09:35

US securities regulators on Wednesday set fines against two Chinese executives accused of looting formerly US-listed Puda Coal at more than $250 million

Swiss prosecutors close HSBC case, bank to pay more than $40 mn

Last Updated: Thursday, June 4, 2015, 23:04

Swiss prosecutors Thursday closed an investigation into allegations British banking giant HSBC's Geneva branch helped clients evade millions of dollars in taxes, after the bank agreed to pay tens of millions in compensation.

Sebi fines Todi Securities Rs 1.1 cr for 'violating norms'

Last Updated: Wednesday, April 29, 2015, 19:04

Markets regulator Sebi on Wednesday imposed a fine of Rs 1.1 crore on Todi Securities for allegedly indulging in fraudulent trade in the currency derivatives segment at United Stock Exchange (USE) as well as violating broker norms.

Deutsche Bank sees 3.7 billion euros in restructuring costs

Last Updated: Monday, April 27, 2015, 11:16

The group said on Monday it would achieve cost savings targets of 3.5 billion euros, once the plan was implemented.

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.

Deutsche Bank fined $8.4mn in Dubai for serious breaches

Last Updated: Thursday, April 16, 2015, 15:34

The fine is the result of a long-running dispute between the Dubai Financial Services Authority (DFSA) and Deutsche Bank AG (DBDIFC) relating to events beginning in 2011.

Sebi slaps Rs 25 lakh fine on Crosseas Capital Services

Last Updated: Friday, March 27, 2015, 17:50

Capital market regulator Sebi on Friday slapped a fine of Rs 25 lakh on Crosseas Capital Services for fraudulent trading activities as a stock broker in shares of Ess Dee Aluminum Ltd (EAL).

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.

BP appeals US judge's ruling on size of Gulf oil spill

Last Updated: Tuesday, February 24, 2015, 08:53

BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.

Fimi wants scrapping of export duty on iron ore fines

Last Updated: Monday, February 9, 2015, 18:54

Miners' body Federation of Indian Mineral Industries (FIMI) has sought bringing down export duty on low-grade iron ore and pellets to nil and raising import duty on pellets to 30 per cent in the Budget.

Despite US fine, BNP Paribas turns 2014 profit

Last Updated: Thursday, February 5, 2015, 23:53

BNP Paribas surmounted the 6.6 billion euro (USD 8.9 billion) fine imposed by US authorities to post profits in 2014, the French bank said today, but warned tightening business conditions could undermine future results.