logo
10 sweet shops ordered to suspend operations

10 sweet shops ordered to suspend operations

The Hindu12-06-2025
Food Safety officials of the Greater Hyderabad Municipal Corporation conducted surprise inspections on sweet shops of the city and issued orders for closure of 10 establishments for not having FSSAI license.
A total 69 sweet shops were inspected on June 11, during which they found violations of the Food Safety & Standards Act, 2006 and Rules & Regulations, a note informed.
The food business operations are being counselled on maintenance of hygiene standards and proper labelling indicating the date of preparation and shelf life of the food item.
Ten establishments have been asked to suspend all the food business operations till they obtain the valid FSSAI license, the note said.
The establishments include Sri Laxmi Mithai Bhandar, LB Nagar Circle, Sri Raghavendra Sweet House and Bakery, LB Nagar Circle, Sri Sai Ram hot chips and Sweets, LB Nagar Circle, New Balaji Mithai Bhandar and Hot chips, Kothapet, Super Sweets, 22-4-441, Alijah Kotla, Charminar, Hyderabad, Balaji Ramswaroop Mithai Bhandar, Ramanthapur, .Prem Sweets and Savouries, Serilingampally Circle, Sri Balaji Chaganlal Mithai Bandar, Mallikarjuna Nagar, RC Puram Circle, Sri Raghavendra Hot Chips, Beeramguda, RC Puram Circle and Jodhpur Mithai Wala at Akalavya Nagar, Macha Bollarum, Alwal.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sebi proposes standard code for smooth transfer of securities to legal heirs
Sebi proposes standard code for smooth transfer of securities to legal heirs

News18

timean hour ago

  • News18

Sebi proposes standard code for smooth transfer of securities to legal heirs

Agency: PTI New Delhi, Aug 12 (PTI) Capital markets regulator Sebi on Tuesday proposed the introduction of a standard reason code to streamline the transfer of securities from nominees to legal heirs and ensure appropriate tax treatment for such transactions. In a consultation paper, Sebi suggested introducing a specific reason code 'TLH' (Transmission to Legal Heirs) to be used by registrars, depositories and other reporting entities while intimating the Central Board of Direct Taxes about such transmissions. The move seeks to enable proper application of the provisions of the Income Tax Act, 1961. Currently, transmission of securities from nominee to legal heir of the original holder, some transactions are being treated as normal sale of securities. This has resulted in capital gains tax being levied on nominees, even though clause (iii) of Section 47 of the Act does not consider such transmissions as 'transfers" for tax purposes, Sebi said. The regulator noted that the nominee merely acts as a trustee for the benefit of legal heirs of the original security holder and ultimately the securities which belong to the legal heir(s) are transmitted by the nominee to such legal heir(s). The proposal follows deliberations by a working group comprising registrars to an issue and share transfer agents (RTAs), which engaged with multiple stakeholders. Based on the working group's recommendations, the markets watchdog has sought to make the reporting process more consistent and transparent. The procedural requirements for transmission of securities will continue governed under the Sebi's LODR (Listing Obligations and Disclosures Requirements) Rules, 2015, and the Master Circular for RTAs dated June 23, 2025, as updated from time to time. The Securities and Exchange Board of India (Sebi) has invited public comments on the draft circular till September 2. Sebi said RTAs, listed issuers, depositories and depository participants will be required to make necessary system changes to adopt the 'TLH' code within three months of the issuance of this circular. PTI HG TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Market intermediaries liable for investor losses due to financial default: Consumer court
Market intermediaries liable for investor losses due to financial default: Consumer court

Time of India

time19 hours ago

  • Time of India

Market intermediaries liable for investor losses due to financial default: Consumer court

Chandigarh: In a significant ruling reinforcing accountability in capital markets, a consumer panel in Chandigarh awarded damages against market intermediaries for losses suffered by a retail investor stemming from financial default and bankruptcy. The order has wider ramifications as it is perhaps the first case in the country where the consumer court awarded damages for deficiency in service and illegal trade practice against market intermediaries for a financial default. The commission held that the debenture trustee is not merely to hold a nominal position but to act as an active protector of the interests of debenture holders, especially in instances of default. The failure to initiate enforcement measures, secure the charged assets, or communicate timely with stakeholders constitutes a serious breach of trust. "The responsibilities of a debenture trustee, as per SEBI regulations and the trust deed, are not passive or discretionary in nature; they are proactive, fiduciary duties requiring timely intervention, continuous monitoring, and swift redressal in the face of any breach, default, or delay by the issuer," the commission held. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo Justice Raj Shekhar Attri, president, and Rakesh K Arya, member of the State Consumer Disputes Redressal Commission, Chandigarh, passed these orders while allowing an appeal filed by Jyoti Khemka, a resident of Sector-19 Chandigarh. In this case, the complainant invested Rs 3,42,000 in 342 secured non-convertible debentures (NCDs) of DHFL issued under a SEBI-approved public prospectus dated July 26, 2016. Among the opposite parties, Catalyst Trusteeship Limited acted as debenture trustee, Credit Analysis and Research Limited, and BrickWorks Rating India acted as credit rating agencies, assigning a top-tier 'AAA' rating. The NCDs matured on Aug 16, 2019, with an expected annual interest of Rs 31,464. In early 2018, market speculation arose about DHFL's financial instability. Despite this, Credit Analysis and Research Limited and BrickWorks Rating India maintained the 'AAA' rating until an abrupt downgrade to 'D' in Feb 2019, just months before maturity. On Aug 16, 2019, DHFL defaulted in redeeming the principal and interest of Rs 3,73,464. Counsel for the complainant, advocate Shreenath A Khemka alleged that Catalyst Trusteeship failed to enforce security or maintain mandatory reserves under the Debenture Trust Deed, the Companies Act, 2013, and SEBI (Debenture Trustees) Regulations, 1993, and that Credit Analysis and Research and BrickWorks Rating India misled investors by unjustifiably maintaining high ratings without due diligence, contrary to the SEBI (Credit Rating Agencies) Regulations, 1999. Responding to the plea, Catalyst Trusteeship contended that it fulfilled its trustee duties, acted promptly upon defaults, and that payment obligations rested solely with the DHFL. It pointed out that the complainant already received Rs 1,68,584 under DHFL's IBC resolution plan. Other parties, including Credit Analysis and BrickWorks Rating, argued that ratings were professional opinions, not investment advice or guarantees, and that market events could be unpredictable. The Piramal Capital (earlier DHFL) and SEBI did not contest the complaint at this stage. After hearing all the parties, the commission held that the inertia displayed by opposite party Catalyst Trusteeship amounts to an abdication of its statutory role, which caused grave and irretrievable harm to the complainant-debenture-holders' interest. Regarding Credit Analysis and Research Limited and BrickWorks Rating India (opposite parties-2 and 3), the commission found the sudden downgrade from 'AAA' to 'D' without intermediate warnings indicative of either negligent or reckless rating practices. Evidence showed DHFL's liquidity crisis from Sept 2018 was not reflected in the ratings, breaching Regulation 13 of the SEBI (Credit Rating Agencies) Regulations, 1999, and Enhanced Disclosure Guidelines of 2018, the commission held. The commission also held that the rating agencies' inaction perpetuated informational asymmetry, misleading retail investors and constituting deficiency in service and unfair trade practice. The commission directed Catalyst Trusteeship to pay Rs 2,04,880 with 9% simple interest from Aug 16, 2019. The CARE Ratings and Brickwork Ratings were to pay Rs 1,00,000 each as compensation for deficient service and unfair trade practice, and all three parties were to pay Rs 33,000 towards litigation costs. MSID:: 123238102 413 | Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

Govt finalising legislation to protect power systems from cyber attacks: MoS Shripad Naik
Govt finalising legislation to protect power systems from cyber attacks: MoS Shripad Naik

Time of India

timea day ago

  • Time of India

Govt finalising legislation to protect power systems from cyber attacks: MoS Shripad Naik

New Delhi: To protect India's power systems from cyber attacks, the government is in process of finalising regulations to ensure that energy-related information is not compromised, Parliament was informed on Monday. The Central Electricity Authority is in the process of finalizing the Central Electricity Authority (Cyber Security in Power Sector) Regulations, the Minister of State (MoS) for Power Shripad Naik said in a reply to the Rajya Sabha. These regulations will ensure that the control and operation of power system elements including solar inverters, as well as the exchange of related information, including real-time data, will remain within national boundaries, he said. In addition to this, Naik said, his ministry has also mandated that IT equipment and services, as may be identified in due course, to be used in the power sector shall be cleared through the Trusted Telecom Portal operated by National Security Council Secretariat (NSCS) prior to their supply, with effect from January 1, 2026. In the power sector, periodic third-party cybersecurity audits have been advised vide the Central Electricity Authority (Cyber Security in Power Sector) Guidelines, 2021. As per the provisions laid down in the guidelines, power sector utilities have been advised to conduct annual audit of their Operational Technology (OT) infrastructure and biannual audit of their Information Technology (IT) infrastructure through auditors empaneled by the Indian Computer Emergency Response Team (CERT-In). Naik further said that to enhance the effectiveness of these audits, Computer Security Incident Response Team (CSIRT-Power) has issued guidelines on "Scope of Cyber Security Audit in the Power Sector" defining the areas to be covered during such audits.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store