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Competition Commission slaps Rs 27 cr fine on Intel Corp for unfair biz practices

Competition Commission slaps Rs 27 cr fine on Intel Corp for unfair biz practices

by AIP Online Bureau | Feb 12, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India. New Delhi: Competition Commission has imposed a fine of Rs 27.38 crore on Intel Corp for indulging in anti-competitive...
IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

by AIP Online Bureau | Jul 25, 2025 | Health, Indian News, Non-Life, Regulation, Risk Management, Technology

A significant data leak from Star Health Insurance was reported in Aug, 2024, affecting approximately 3.1 crore customer records. The data, including mobile numbers, PAN details, addresses, and medical information, was allegedly accessible through a website created by...
Flipkart fined Rs1.06 cr for flouting IRDAI norms

Flipkart fined Rs1.06 cr for flouting IRDAI norms

by AIP Online Bureau | Apr 8, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Technology

Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...
IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws

IRDAI imposes Rs 1cr fine on UIB Insurance Brokers for flouting premium remittance rules

by AIP Online Bureau | Feb 19, 2025 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

According to the IRDAI, the broker does not have any right over the insurance premiums so that the amounts are timely remitted to the respective parties to ensure the coverage and payment of claims and thus protect the interest of the policyholders. These are the...
HDFC Life fined Rs 2 crore by IRDAI for violating regulations  

HDFC Life fined Rs 2 crore by IRDAI for violating regulations  

by AIP Online Bureau | Aug 2, 2024 | Indian News, Life, Regulation

Signed by RK Sinha, member, Finance, IRDAI and BC Patnaik, member,Life, IRDAI, the regulator has slapped a fine of Rs 1 crore  each on two charges and has directed  the company to take corrective steps in other matters    Mumbai: The IRDAI has slapped fine of Rs 2...
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