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SEBI slaps ₹10 lakh penalty on Axis Securities for violating stock brokers rules
Business

SEBI slaps ₹10 lakh penalty on Axis Securities for violating stock brokers rules

SEBI has imposed a penalty of ₹10 lakh on Axis Securities for flouting stock brokers rules as well as other regulatory norms. The penalty has

IRDAI imposes ₹1 crore penalty on UIB Insurance Brokers
Business

IRDAI imposes ₹1 crore penalty on UIB Insurance Brokers

The Insurance Regulatory and Development Authority of India (IRDAI) imposed a ₹1 crore penalty on UIB Insurance Brokers. The penalty was imposed for violation of

Aviva India hit with .5 million penalty for tax evasion, fake invoices
Business

Aviva India hit with $7.5 million penalty for tax evasion, fake invoices

Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake

RBI imposes ₹68 lakh penalty on two banks
Business

RBI imposes ₹68 lakh penalty on two banks

The Reserve Bank on Friday said it has imposed penalties totalling ₹68.1 lakh on two banks — Nainital Bank and Ujjivan Small Finance Bank —