A penalty of Rs 33.1 lakh has also been imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit ... ( read original story ...)
RBI penalises HSBC, IIFL Samasta Finance over compliance lapses
The Reserve Bank of India has imposed a ₹66.6 lakh penalty on HSBC for non-compliance with KYC norms and other directions. IIFL Samasta Finance was also fined for regulatory lapses. ( read original story ...)
Shanghai unveils new measures to boost MNC headquarters
Under the new measures, companies elevating their China headquarters to Asia-Pacific regional headquarters with two or more functions will receive a one-time reward of 3 million yuan ($411,813). ( read original story ...)
Savoring the sweetness of a soft approach to business dispute
Werner Schuppisser is the founder and CEO of a company instrumental in transplanting a well-known Swiss brand of ice cream to Shanghai. A Swiss national, Schuppisser has been working and living in ... ( read original story ...)
Man in Shanghai scammed by AI girlfriend, lost around $28,000: Details here
Scammers in Shanghai used AI to create a fake romance through an AI girlfriend, which led to deceiving a man into sending over Rs 24 lakhs. ( read original story ...)
Rare pelicans flourish at Shanghai wetland reserve
Three Dalmatian pelicans at the Jiuduansha Wetland Nature Reserve on Feb 14. [Photo by Chen Tengyi/For China Daily] A record 26 rare Dalmatian pelicans were recently observed at the Jiuduansha Wetland ... ( read original story ...)
China’s Chery Auto files IPO application in Hong Kong
China's Chery Automobile has submitted an application for an initial public offering in Hong Kong, according to a prospectus published on Hong Kong Stock Exchange on Friday. The IPO has CICC, Huatai ... ( read original story ...)