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China poised to impose a record fine on PwC

by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

PwC faces a fine of at least 1 billion yuan ($138 million), the people said. That would exceed the previous record fine for an accounting firm, the 212 million yuan handed out to Deloitte Touche Tohmatsu Ltd. in 2023 China is poised to impose a record fine on...
IRDAI slaps a Rs 20 lakh fine against Edelweiss Tokio Life Insurance for violating shareholding norms  

IRDAI slaps a Rs 20 lakh fine against Edelweiss Tokio Life Insurance for violating shareholding norms  

by AIP Online Bureau | Apr 29, 2024 | Indian News, Life, Regulation

In an order signed by two members, BC Patnaik, Life and RK Sinha, Finance and Investment , the regulator has alleged that the insurer has carried out changes in the shareholding pattern of the joint venture, without its prior approval and also the company has not...
NCLAT upholds Rs 1,337.76 cr fine on Google, make some modifications in CCI order

NCLAT upholds Rs 1,337.76 cr fine on Google, make some modifications in CCI order

by AIP Online Bureau | Mar 29, 2023 | Indian News, Technology

On October 20 last year, the Competition Commission of India (CCI) slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. CCI had also ordered the internet major to cease and desist from various unfair...
Paris-New Delhi flight incidents: DGCA slaps Rs 10 lakh fine on Air India

Paris-New Delhi flight incidents: DGCA slaps Rs 10 lakh fine on Air India

by AIP Online Bureau | Jan 24, 2023 | Indian News

‘Enforcement action in the form of a financial penalty of Rs 10,00,000 has been imposed on Air India for not reporting the incident to DGCA and delaying in referring the matter to its Internal Committee, which is a violation of applicable DGCA Civil Aviation...

U’Khan HC imposes Rs 50,000 fine on Facebook for not replying to notice

by AIP Online Bureau | Dec 7, 2022 | Eco/Invest/Demography, Indian News

The court was hearing a PIL alleging that fake IDs were being created on Facebook and friend requests sent through them Nainital (U’khand): The Uttarakhand High Court on Wednesday imposed a fine of Rs 50,000 on Facebook for not replying to its notice in connection...
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