RBI imposes Rs 1.73 crore penalty on HSBC

The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity

VIP Industries Q4 net loss at Rs 4.26 cr

Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore

Ensure safety

The boat ‘Atlantic’ that caused the accident off the Thooval Theeram coast in Poorappuzha, Tanur, resulting in 22 deaths, was operated without adhering to any rules and regulations.

‘TN will create more Dhonis’

Chief Minister MK Stalin launched the Tamil Nadu Championship Foundation, an initiative of the sports department, here on Monday and said his government wanted to create many Dhonis in cricket and all sports.