Page 189 - Bs Reporter

No updated tax returns after facing searches by I-T department

Earlier, it was proposed that an updated tax return cannot be filed, in case of search or survey proceedings in the relevant financial year and the preceding one

Kotak Mahindra Bank, Central Bank of India revise interest rates

Kotak Mahindra Bank increased select deposit rates by up to 25 basis points

Trai floats a consultation paper on various issues of FM Radio sector

FM radio operators are allowed to carry the news bulletins of All India Radio in exactly the same format without any alterations

Shriram Life Insurance Company net profit up to Rs 31 crore in Q3

New business individual premium, a key barometer for performance, rose by 19 per cent year-on-year to Rs 167 crore, during the October-December 2022 period

IOB Q3 net profit up 23%, helped by interest income and credit growth

Slippages at Rs 1,556 crore, out of which Rs 200 crore was in education sector

Vedanta Resources' liquidity depends on $2 bn fundraising: S&P report

Sustaining after September 2023 would depend on completing one of two key transactions

Adani Power receives NCLT's approval for merger of six subsidiaries

As many as nine Adani Group firms were trading in the negative territory, while one company was trading in the green

Data science company Tredence announces ESOP buyback worth $30 mn

Firm that employs 2,000 has 80% of its workforce in India, got $175 mn in funding last year

Compass Group's Elior India acquisition stalled due to governance glitches

The tribunal directed Elior India to deposit Rs 9 crores as interim relief for dues payable to the former CEO Sanjay Kumar should it decide to proceed with the sale

NSE Q3 net profit rises 55% to Rs 1,826 cr; revenue up 35% to Rs 3,263 cr

The stellar growth was despite a 20 per cent year-on-year fall in cash market volumes during the 9MFY23

RBI to frame guidelines on penal charges for default in loan servicing

The central bank also said that the penal charges would be recovered from the borrower separately and not added to the outstanding principal amount

NCLAT rejects bankruptcy board's plea against telecom tower firm GTL Infra

Corporate debtor's business is sustainable and it is a viable going concern, NCLT had ruled

Tech Mahindra to open its first data, AI and cloud centre in Saudi Arabia

The CoE will combine academic and socio-economic goals to build national hi-tech talent capacity, create quality jobs, promote digital innovation, and upscale SMEs

Moderation of pace of rate hikes gives RBI room to assess impact: Das

Central bank management speaks to the media about inflation, economy and government borrowing

TenderCuts launches new platform HappyChops for local meat outlets

Platform empowers local meat shops with latest tech and robust supply chain; has on-boarded 100 shops in Chennai, plans to rope in another 300 by March, expand to 10 more cities by June

Muthoot Finance to raise Rs 500 crore through secured redeemable NCDs

Basic issue size is Rs 100 cr, with Rs 400 cr green shoe; open between Feb 8 and March 3 with listing on BSE

Walmart-owned Flipkart poised to list publicly, says SoftBank

In India, SoftBank has backed many companies, and unicorns or start-ups with over $1 billion in valuation

Infosys to partner with GE Digital for grid transformation solutions

Work will help operators realise a more reliable and sustainable grid, say companies

Hindenburg report row: Adani Group stocks sell-off enters third week

The Adani group stocks have shed Rs 9.4 trillion in market value since June 24

Union Budget 2023: FinMin notifies refund of security deposits to MSMEs

In her budget speech, FM had proposed refund of 95% of amount forfeited on account of non-performance of contract due to Covid