Tag Archives: Fine

GDR manipulation: Sebi levies Rs 16 cr fine on Sanraa Media, its 6 officials

New Delhi: Regulator Sebi imposed a fine of over Rs 16 crore on Sanraa Media Ltd and its six officials in a matter related to manipulation of global depository receipts (GDRs). The order comes pursuant to an investigation conducted by Sebi in connection with several Indian companies that had issued GDRs in overseas market with the intention of defrauding Indian investors. Sebi found that ... Read More »

Facebook Slapped With UK Fine for Cambridge Analytica Scandal

  Facebook is staring down its first fine for allowing Cambridge Analytica to improperly access data about millions of people, potentially opening the door for governments around the world to slap the social media giant with other tougher penalties and stricter regulation. On Tuesday, UK watchdogs announced a $664,000 (roughly Rs. 4.5 crores) preliminary fine – the maximum amount allowed – after finding Facebook ... Read More »

Alphabet Sees Boost in Mobile Ads as It Takes Hit From Record EU Fine on Google

Google parent Alphabet on Monday saw shares slide as the market reacted to a massive fine by the European Commission and word that success in mobile, cloud and YouTube is coming with higher costs. Alphabet reported a quarterly profit of $3.5 billion (roughly Rs. 22,532 crores), in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings. The technology giant reported ... Read More »

Uber Faces Potential Big Fine and Ban for Bosses in France

Uber risks millions of euros in damages and fines and having two top executives banned from running the ride-hailing company in France as a trial wrapped up Thursday in a Paris court. The San Francisco-based company is in trouble in France over its now-suspended low-cost UberPop service, which connected clients to non-professional drivers, infuriated French taxi drivers and prompted the ... Read More »