Business

Prashant Kumar, an ex-chief financial officer of the State Bank of India (SBI), assured depositors that their money is safe and there is no reason to panic.

Indian authorities are expected to take steps to prevent weakening of the bank's viability and impacting its depositors and senior creditors.

Issuing a detailed FAQ, the Income Tax department has clarified that the declarant has to deposit the disputed tax amount within 15 days after determination of the tax liability by a designated authority under the scheme.

Bharti Airtel Ltd shares gained 1.5% while those of Vodafone Idea Ltd plunged over 8% after the government asked telecom companies to pay remaining adjusted gross revenue (AGR) dues as per the Supreme Court order.

All co-workers in contact with the employee, who worked at Amazon's South Lake Union office complex in Seattle, have been informed, a company spokeswoman said.

The proposed legislation will help prevent a repeat of Punjab and Maharashtra Cooperative Bank-like crisis, sources said.

Touted as one of the biggest business award shows in the country, this year, IBLA was marked by a perfect confluence of business and politics.

In its annual budget presented earlier this month, the government estimated economic growth in the current fiscal year ending in March would be 5 per cent, the lowest for 11 years.

After unveiling EASE 3.0, the Finance Minister along with MSME Minister Nitin Gadkari held meeting with the heads of public sector banks on the MSME sector.

Navin Fluorine further said it will execute this capex and the project through its wholly owned subsidiary Navin Fluorine Advanced Sciences Ltd, adding that the project will be located at Dahej, Gujarat.

Banga will become the company's executive chairman, replacing the retiring Richard Haythornthwaite. Miebach will also get a seat on the board at the company, based in Purchase, New York.

The two-wheeler company said that all efforts are on to normalise the situation at the earliest.

The company's board has approved a proposal to set up the subsidiary, it said in a statement. Shares of HUL on Monday settled at Rs 2,216 apiece, down 1.42 per cent, on the BSE.

In December quarter 2019, the company narrowed its loss to Rs 29.71 crore from Rs 62 crore in the same period a year ago.

On Monday, the US FDA rescinded the VAI letter for the company’s Unit IV in Hyderabad. Aurobindo Pharma said that the inspection is still open, with the status under review.

Out of the total amount, Rs 9,780 crore would be towards secondary sale of shares by GMR group and Rs 1,000 crore would be equity infusion in GAL, as per the statement.