Mumbai: The SEBI has imposed a Rs 5 lakh fine on the erstwhile Satyam Computer's compliance officer G Jayaraman for failing in his duty to avoid insider trading in the company's shares in December 2008 - days before a major corporate scam broke out at the IT firm. Jayaraman's role came to the light during market regulator SEBI's investigations into the Satyam scam, which came to light during the financial...
07:43 PM, Aug 01, 2012
Hockenheim, Germany: Crash-prone Pastor Maldonado, fined and reprimanded at the British Grand Prix for causing a collision, was in trouble again on Friday, this time for going too fast in the pit lane during practice at Hockenheim. Race organisers said the Venezuelan had been fined 1,200 euros for travelling at 66 km an hour in the pit lane during the first session. Maldonado, surprise winner of the Spanish Grand Prix...
10:52 AM, Jul 21, 2012
Paris: France's data protection watchdog said it will likely wrap up the inquiry of Google's new privacy policy, which it is conducting on behalf of European regulators, in September. France's Commission Nationale de l'Informatique (CNIL) had expected to decide in June whether Google's new approach to privacy that took effect in March conforms with European law, but the process has been slowed as the company provided more information to the...
10:40 AM, Jul 11, 2012
Bangalore: Google Inc is close to paying $22.5 million to settle charges that it bypassed the privacy settings of customers using Apple's Safari browser, the Wall Street Journal reported, citing officials briefed on the settlement terms. The fine would be the largest penalty ever levied on a single company by the US Federal Trade Commission, the Journal said late Monday. The charges involve Google's use of special computer code, or...
02:17 PM, Jul 10, 2012
London-based Vedanta Resources is keen on buying a minority stake in an oil refinery planned in Rajasthan, the Hindustan Times reported on Sunday citing a government statement. The refinery coming up at Barmer will have an annual capacity of 9 million tonnes and is expected to cost about 200 billion rupees, the report said. Vedanta founder Anil Agarwal met Ashok Gehlot, the chief minister of Rajasthan state, in New Delhi...
01:10 AM, Jul 09, 2012
Bhubaneswar: Seven people have been injured in a firing incident at the Paradip oil refinery in Odisha. CISF personnel opened fire at IOC workers at the oil refinery. The firing took place after clashes between the workers union and the CISF personnel. Most of those injured were the IOC workers. The reasons of the clash were unknown and more details were awaited. ...
02:10 PM, Jul 02, 2012
Milan: Italy's competition regulator is threatening Apple Inc with further fines of up to 300,000 euros ($381,000) if it does not offer local customers a free two-year warranty as demanded by Italian law, a source close to the watchdog said on Sunday. In Italy consumers who buy electronic products and other durable goods have the right to get two years of free assistance, irrespective of other warranties offered by a...
10:23 AM, Jul 02, 2012
Warsaw, Poland: UEFA has fined the German Soccer Association $31,200 after fans displayed a neo-Nazi flag at a European Championship match. Germany has now been disciplined for fans' behavior at all three Euro 2012 group-stage matches, and paid fines totaling $50,000. UEFA says fans were guilty of "improper conduct" at the match against Denmark on June 17. Monitors from the Europe-wide FARE fans' group identified the neo-Nazi symbol after being...
12:01 PM, Jun 26, 2012
"It is okay, umpires make mistakes," Bravo had said about the Gayle dismissal in the second ODI against England. ...
09:06 AM, Jun 23, 2012
Lviv: Both Germany and Portugal have been fined by UEFA after their opening game at Euro 2012. German supporters threw missiles during the Group B clash and the German Football Association has been fined 10,000 as a result. Seleccao players were targeted by paper bombs, most notably at corners, while a smoke bomb was also let off in the stands, despite die Mannschaft's fans being continually warned as the game...
11:23 PM, Jun 14, 2012
The West Indies wicketkeeper displayed a disrespectful message to the legend after completing his ton on Sunday. ...
10:44 PM, Jun 11, 2012
New Delhi: The Malaysian Airlines has been asked by a consumer forum New Delhi to pay Rs 20,000 to an advocate for making him travel all the way from Ludhiana to Delhi to collect his luggage, which the airline had delayed in delivering. The District Consumer Disputes Redressal Forum presided by Narendra Kumar observed that considering the money spent by the complainant, the delay caused by the airline and "in...
09:57 AM, Jun 10, 2012
Brussels: If someone drops a fork at Dinner in the Sky, a seven-tonne platform may have to be lowered 50 metres to pick up a new one, so diners tend to keep a good grip on the cutlery. Joining a growing trend for extreme dining - from supper in the dark to eating in the jungle - Dinner in the Sky takes the concept to, well, new heights, with a...
06:45 PM, Jun 08, 2012
Bangalore were assessed to be two overs behind the required rate for which Kohli was fined USD 20,000. ...
03:06 PM, May 18, 2012
CHENNAI: The Greater Chennai Traffic police on Thursday directed vehicle users in the city to remove dark film pasted on the windows of four-wheelers. The move follows the Supreme Courts order banning the use of dark film on vehicle windows in response to a writ petition. The order came into force on May 5.Quoting the SC order, a press release from the Chennai Traffic Police said all vehicle users who...
08:41 AM, May 18, 2012
Colombo: Sri Lanka has rejected an Indian offer to upgrade a refinery that is built to refine only Iranian oil, a minister said on Sunday. Petroleum Minister Susil Premjayantha said the offer to upgrade the Sapugaskanda oil refinery had come from the Indian Oil Corporation (IOC) but Colombo rejected it. He said since IOC already operates a majority of fuel stations in Sri Lanka and as a result increases the...
04:21 PM, Apr 29, 2012
Melbourne: Australian airliner Qantas on Friday flew the country's first commercial biofuel flight between Sydney and Adelaide using a mix of conventional fuel and refined cooking oil. John Valastro of Qantas said the flight this morning was a commercial first in Australia, and would have produced far less carbon emissions than if conventional jet fuel were used. "We're talking about a 60 per cent reduction in the overall life cycle...
10:03 AM, Apr 13, 2012
Augusta, Georgia: Tiger Woods is subject to discipline by the US PGA Tour for kicking his golf club after a poor shot at the Masters. Whether he is fined is not likely to be known, though, since the Tour doesn't comment on discipline. Woods, after a bad miss with a 4-iron into the par-5 15th hole on Friday, hit a poor tee shot with a 9-iron on the par-3 16th....
11:41 PM, Apr 08, 2012
New Delhi: A major fire broke out at Assam's Numaligarh Refinery Limited (NRL) on Saturday evening after a blast in one of its gas pipes. Disaster was averted after firefighters managed to douse the fire before it reached the reactors. No casualties have been reported so far. Banned insurgent group ULFA has claimed responsibility for the incident, which occurred on ULFA's raising day. The plant was shut down immediately as...
08:19 AM, Apr 08, 2012
