The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
Legal & Regulatory
Carlos Slim unfazed by new Mexican Law aimed towards communications companies
Investors aren't so sure as to the direct outcome of Mexico's new law toward communication companies.
BOJ remains steady on monetary policy, bond markets volatility and other risks
Japan's central bank holds back on new measures to calm turbulent markets. (Photo : REUTERS) Central bankers considered the idea to extend the maximum duration of cheap, fixed-rate funds offered via market operations from one year to two years.
German court begins hearing as Euro stocks fall
European stocks fell as the German court began hearings on ECB's bond-buying proposal. Due to Bank of Japan's (BOJ) refusal to undertake programs for stimulus expansion, stocks from Europe fell.
Fannie Mae Shareholders Challenge US Takeover
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
Latest News
Robert Ramnarine, former Bristol-Myers executive pleaded guilty to the insider trading charges filed against him.
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
The Reserve Bank of India enforces penalties against three banks for money laundering and fraud violations.
Greece is required to sell off its energy company shareholdings as part of their bailout deal. (Photo : REUTERS)A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels The largest refinery in Greece, Hellenic Petroleum was one of the assets identified in the privatization plan of the country.
Wal-Mart CEO Michael Duke is under fire after allegations of bribery of the Mexican government. (Photo : Reuters)Wal-Mart Stores Inc, which is facing bribery investigations by the U.
Google's US$1.3 billion purchase of Waze would create a ripple effect deep into the Israeli economy.
Battery producer Exide Technology files for Chapter 11 bankruptcy after losing against competition. Global battery producer Exide Technologies filed for bankruptcy after it faced $31 million in interest payments in August and losing against rivals.
Kapil Siba, Indian Communications Minister, has called to meet different telecom companies to end lawsuits after a decrease in overseas investment transpired in the country.
Royalty Pharma urged the federal court in New York to lift the temporary restraining order it has ordered for the Royalty-Elan bid.
