A Kerala court fined private dairy ‘Milnna’ Rs 1 crore for copying the name and design of the popular brand ‘Milma’. The court said Milnna damaged Milma’s reputation and ordered a complete ban on the use of similar names or packaging.
The Securities and Exchange Board of India (SEBI) on Monday (Sept 23) imposed a Rs 1 crore penalty on Jai Anmol Ambani, son of industrialist Anil Ambani, for failing to exercise due diligence in approving General Purpose Corporate Loans (GPCLs) while serving as a non-executive director of Reliance Home Finance Ltd (RHFL).