In a massive crackdown, the Securities and Exchange Board of India (Sebi) has slapped a ₹25 crore penalty on Anil Ambani. Watch the video to know why.


Anil Ambani banned from securities market for 5 years

Akasa Air is in continuous discussions with Boeing on aircraft deliveries and expects to add a few more planes to its fleet in the current fiscal ending March 2025, the airline's chief Vinay Dube has said.
The carrier, which started flying in August 2022, currently has a fleet of 26 Boeing 737 MAX planes and 200 aircraft are on order.
In a recent interview to PTI, Dube said that 2024 has been a good year for the airline and will continue to build on it in 2025.
"On the service excellence we have provided, I think consumers look at Akasa as being a kind and gentler airline, little more empathetic. We will continue to treat our travellers in a kind, gentle manner," he said and added that the airline also continues to make sure its employees feel loved and respected.
Earlier this month, some pilots flagged concerns about alleged training and safety issues, and the airline had rejected them as baseless and untrue.
This year, the carrier has inducted 4 planes into its fleet.
When aske

Amid concerns in certain quarters about virtual duopoly in the Indian aviation market, Akasa Air chief said the airline does not have the luxury of being concerned by things that it does not control

Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura.
Though Canon did not disclose names, it said there are immense opportunities in this, as many chip manufacturers are now eying India as a new destination for semiconductor manufacturing.
"A lot of Chip manufacturers are eyeing India as a new manufacturing place. We are discussing with all those chip manufacturers to give our product and service," Nomura told PTI.
This is a "good opportunity for us", and the Tokyo-based group can contribute through its technology, products and services in this segment of the Indian market, he added.
"We are installing the equipment for them to manufacture chips through our technology and the product. We help chip manufacturers build a strong facility in India. O

Besides its core business of imaging, printing, and surveillance, Canon India is also trying to make its presence in fields like semiconductors, flat panel display business, and the medical industry

Albania's prime minister said on Saturday the government will shut down the video service TikTok for one year, blaming it for inciting violence and bullying, especially among children.
Albanian authorities held 1,300 meetings with teachers and parents following the stabbing death of a teenager in mid-November by another teen after a quarrel that started on TikTok.
Prime Minister Edi Rama, speaking at a meeting with teachers and parents, said TikTok "would be fully closed for all.... There will be no TikTok in the Republic of Albania". Rama said the shutdown would begin sometime next year.
It was not immediately clear if TikTok has a contact in Albania.
TikTok, in an email response on Saturday to a request for comment, asked for "urgent clarity from the Albanian government" on the case of the stabbed teenager. The company said it had "found no evidence that the perpetrator or victim had TikTok accounts, and multiple reports have in fact confirmed videos leading up to this incident w

There has been increasing concern from Albanian parents after reports of children taking knives and other objects to school to use in quarrels or cases of bullying promoted by stories on TikTok

According to Isro, the agreement establishes a framework for cooperative activities in human space exploration and research

Congress general secretary Randeep Surjewala on Sunday claimed that the Pegasus spyware case verdict in the US proved how 300 WhatsApp numbers of Indians were targeted and asked if the Supreme Court would now conduct a further inquiry in view of the judgment.
Surjewala shared a media report which said that, for the first time, a court in the US had held Israel's NSO Group liable for its intrusive spyware Pegasus.
"The Pegasus spyware case verdict proves how 300 WhatsApp numbers of Indians were targeted in the illegal spyware racket," Surjewala said in a post on X.
He said it was time for the Narendra Modi government to answer who the 300 names targeted were.
"Who are the two Union ministers? Who are the three opposition leaders? Who is the constitutional authority? Who are the journalists? Who are the business persons? What information was retrieved by the BJP government and agencies? How was it used - misused and to what consequence?" the Congress leader asked.
He also questioned

Surjewala shared a media report which said that, for the first time, a court in the US had held Israel's NSO Group liable for its intrusive spyware Pegasus

Cubbon Reads, a 'silent reading group' in Bengaluru, claimed that their members were evicted and asked to pay a fine of Rs 35,000 for using the Cubbon Park premises

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

Funds devolved to states under the 15th Finance Commission (2021-2024) is more than what was devolved under the 14th Finance Commission (2015-20), finance minister Nirmala Sitharaman said on Friday.
In a pre-budget meeting with states, Sitharaman remarked that because of healthy macroeconomic environment, buoyancy and efficiency in the tax collections, the devolution has increased.
"The funds devolved to the states in the last 45 months (April 2021 to December 2024) under the 15th Finance Commission is more than what was devolved in 60 months under the 14th Finance Commission (2015-20)," an official statement quoting Sitharaman said.
The Union finance minister also referred to the Scheme for Special Assistance to States for Capital Investment (SASCI), which was first announced in the Union Budget 2020-21, and acknowledged that it has received a very good response from states.
States have been requesting the Central government to enhance the outlay under the scheme as it is leading

In addition to this, the Union finance minister stated that the Centre has created an additional dispensation under SASCI for the states affected by disaster of a severe nature as assessed by the Inte

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Anil Ambani banned from securities market for 5 years

In a massive crackdown, the Securities and Exchange Board of India (Sebi) has slapped a ₹25 crore penalty on Anil Ambani. Watch the video to know why.

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