Articles for tag: BGR, Disclosure, Energy, Fines, Investor, Jeopardizing, Lakh, Lapses, Market, Regulations, SEBI, Systems, Trust, Violation

September 24, 2024

Sebi fines BGR Energy Systems ₹9 lakh for serious disclosure lapses and violation of market regulations, jeopardizing investor trust.

BGR Energy Systems Ltd has been fined Rs 9 lakh by the Securities and Exchange Board of India (Sebi) for failing to meet disclosure requirements and violating Market regulations. A recent investigation revealed that the company did not comply with the Listing Obligations and Disclosure Requirements (LODR) rules, particularly concerning the late submission of audited ...

September 15, 2024

Market News

Business

The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.

The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...

September 14, 2024

Market News

Business

Elon Musk clashes with Justice de Moraes after Brazil’s court halts X, calling the judge an “evil dictator” amid fines.

Elon Musk’s social media platform, X, and his satellite company, Starlink, had their bank accounts unfrozen by Brazil’s Supreme Court after settling over $3 million in fines. The court had previously ordered the accounts frozen when Musk failed to comply with instructions to remove accounts spreading false information. Justice Alexandre de Moraes, who made the ...

September 10, 2024

Market News

Business

IndiGo faces drama as passengers eat on the tarmac; BCAS fines reduced from ₹1.2 crore to ₹70 lakh post-appeal.

IndiGo Airlines has paid a reduced penalty of Rs 70 lakh imposed by the Bureau of Civil Aviation Security (BCAS) following an incident on January 14, 2024, where passengers left an aircraft and sat on the tarmac at Mumbai airport, some even eating food. Initially, BCAS fined the airline Rs 1.2 crore for the breach ...