Topic
fines
Finance HDFC Board Imposes Rs 1 Lakh Fine on MD, CFO Over Extra Payout to Maharashtra PSU
HDFC Bank's board imposed a Rs 1 lakh penalty each on MD & CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and group head Arvind Vohra for 'business overreach' in deposit deals with Maharashtra State Road Development Corporation. The board found no mala fide intent but issued warning letters, in an action seen as unprecedented and aligned with RBI's push for stronger board oversight.
Regulations & Compliance B&M Retail Ltd Fined £2m for Serious Food Hygiene Offences at Three Birmingham Stores
B&M Retail Ltd has been fined £2 million by Birmingham Magistrates' Court after pleading guilty to serious food hygiene offences at three Birmingham stores. Inspections following public complaints revealed mouse droppings and gnawed products on sale. The company must pay the fine and costs within 28 days.
Regulations & Compliance FBI Seizes Drones at World Cup, Warns Pilots of Up to $100,000 Fines for Violating No-Fly Zones
The FBI has seized dozens of drones and cited operators near FIFA World Cup 2026 venues, enforcing strict temporary flight restrictions. Pilots violating the 3-nautical-mile no-drone zones face fines up to $100,000 and confiscation of equipment.
Regulations & Compliance Brazil's Biofouling Rules: $9M Fines Loom for Non-Compliance
Effective June 17, 2026, Brazil's new biofouling regulations mandate commercial vessels over 24m to comply with strict management plans and inspections, with fines up to $9M for violations. Full enforcement begins January 10, 2028.
Logistics Maersk Fined $1.9M by U.S. for Detention Charge Violations
Maersk has been fined $1.9 million by the U.S. Federal Maritime Commission for improper detention charges. The settlement requires Maersk to amend its tariff rules and provide refunds to affected parties.