CONSUMER INTEREST


IANS 21 September 2017
The Supreme Court on Thursday said it will appoint a court commissioner as the receiver of real estate major Unitech's properties to realise the Rs 7,600 crore to be paid to home buyers if they opt for refund of the amount given for buying flats.   The bench of Chief Justice Dipak...

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IANS 20 September 2017
In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.   A bench of Chief Justice Dipak Misra, Justice A.M....

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Moneylife Digital Team 15 September 2017
Complaints against advertising are galloping. In 2015-16, there were 1389 complaints; this jumped by 65% to 2300 in 2016-17. The complaints are filed with the Consumer Complaints Council (CCC) constituted by the Advertising Standards Council of India (ASCI). Of these, complaints against 1242...

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Last week, I caught up with Deepak Parekh, chairman of the Housing Development Finance Corporation (HDFC), who is known for his wise counsel and for taking the lead in flagging policy issues that most industrialists are hesitant to raise. We had met Mr Parekh to seek his guidance on how to...

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Moneylife Digital Team 08 September 2017
The Consumer Complaints Council (CCC) of the Advertising Standards Council of India (ASCI) has banned as many as 62 advertisements out of 126 complaints it received across segments during June 2017.    Out of 62 advertisements against which complaints were upheld, 23 belonged to the...

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IANS 22 August 2017
A jury panel in California has ordered the world's largest health-care company Johnson & Johnson to award USD417 million to a 62-year-old woman with ovarian cancer.   The ruling by the jury panel of Los Angeles county Superior Court came on Monday after it found the company was liable...

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IANS 07 August 2017
Millions of Mumbaikars were severely hit on Rakshabandhan Day as around 37,000 employees of the Bombay Electric Supply and Transport (BEST) launched a strike to press for their salary demands here on Monday.   The entire fleet of nearly 3,800 BEST buses remained in...

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Moneylife Digital Team 31 July 2017
The Consumer Complaints Council (CCC) of the Advertising Standards Council of India (ASCI) has banned as many as 117 advertisements out of 154 complaints it received across segments during May 2017. Most of the complaints upheld in telecom segment belong to claims of 'unlimited call or data',...

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Moneylife Digital Team 31 July 2017
Wells Fargo has revealed that approximately 570,000 consumers who financed auto purchases through the bank may have been sold a collateral protection insurance (CPI) without their knowledge or consent, says ConsumerAffairs.com  in a report.   Wells Fargo says many of those customers...

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Union Consumer Affairs Minister Ram Vilas Paswan on Friday asked manufacturers to print revised maximum retail price (MRP) along with the old one on their products after the Goods and Services Tax (GST) roll-out or face fine/jail sentence.   Addressing a press conference here, Paswan...

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Union Food Minister Ram Vilas Paswan on Wednesday said that manufacturers and vendors will have to print revised Maximum Retail Price (MRP), next to the old MRP, post Good and Service Tax (GST) rollout on unsold stocks or they will have to face legal action.   "We have issued an order...

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Moneylife Digital Team 03 July 2017
The Consumer Complaints Council (CCC) of the Advertising Standards Council of India (ASCI) has banned as many as 130 advertisements out of 199 complaints it received across segments during April 2017. Out of 130 advertisements against which complaints were upheld, 73 belonged to the...

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The European Union Commission on Tuesday slapped technology giant Google with a record fine of 2.42 billion euros or USD 2.7 billion for breaching European Union (EU) antitrust rules by abusing the monopoly it enjoys over internet search.   Google has hinted that it may appeal against...

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The Competition Commission of India (CCI) has found automobile major Hyundai Motor India Ltd. (HMIL) guilty of anti-competitive conduct and imposed a penalty of Rs 87 crore on the company.   According to the Ministry of Corporate Affairs, the CCI found HMIL to be in contravention of...

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Tanvi Shetty 09 June 2017
Amazon’s brazen reaction to fake products sold by its online sellers has outraged consumers. An Ahmedabad based consumer activist with the Consumer Education & Research Centre (CERC), who started an online petition at change.org, has scored a significant victory with Amazon agreeing to send...

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Moneylife Digital Team 09 June 2017
The Federal Communications Commission (FCC) has started the process of eliminating net neutrality, voting Thursday to shift internet regulation to the Federal Trade Commission (FTC), according to the editor of ConsumerAffairs.com, a consumer news and advocacy organization founded in 1998 by...

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Allegations over the use of "abusive language and obscene remarks" against officials of a government regulatory body on a 'Whatsapp' group landed 10 commercial pilots employed with leading domestic airlines in trouble on Tuesday.   According to Delhi Police, the civil aviation...

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Moneylife Digital Team 05 June 2017
The Consumer Complaints Council (CCC) of Advertising Standards Council of India (ASCI) has banned as many as 214 advertisements out of 280 complaints it received across segments during March 2017. Out of 214 advertisements against which complaints were upheld, 175 belonged to the Healthcare...

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Moneylife Digital Team 04 May 2017
The Consumer Complaints Council (CCC) of the Advertising Standards Council of India (ASCI) has banned as many as 242 advertisements out of 305 complaints it received across segments during February 2017. Out of 242 advertisements against which complaints were upheld, 165 belonged to the...

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New Delhi, Stock market major BSE on Wednesday said that all listed entities on its platform need to file their financial results in 'XBRL' mode, in addition to 'PDF' format.   XBRL is a data-rich language for transmitting information via the Internet. It was developed specifically to...

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