rediffGURU Anil Rego answers readers' personal income tax queries.
The bank may post a loss of Rs 1,000 crore during October-December 2019-20 quarter, an analyst commented.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
Transiting from "survival mode", which took most of the management time in FY21, the bank has been able to take a long-term view in terms of growth and preparing technology in the past 12 months.
'Ladakh has become a hollow UT.' 'Bureaucrats from Delhi rule Ladakh and there is no attention paid to the grievances of the people.'
It's time India re-visited its Western alliances for the attitude and approach that the West reserves for the nation when it comes to security cooperation of the kind that they might not have visualised outside of China, India's bug-bear, asserts N Sathiya Moorthy.
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of Yes Bank, Mahesh Krishnamurthy and Atul Bheda as non-executive directors.
'As these segments are growing at 25 per cent for the last three years, credit quality has been extremely good.'
'It has changed the political character of India by ejecting socialism as an ideology from the Constitution of India.'
Foreign brokerages said if SBI decide to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired.
Gukesh, Praggnanandhaa, Erigaisi and Vaishali have trained at the Westbridge Anand Chess Academy (WACA) that the bespectacled chess wizard set up four years ago in Chennai. The 18-year-old Gukesh and the 19-year-old Praggnanandhaa have often stated that they would not be where they are without "Vishy sir".
Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.
Despite state-owned Life Insurance Corporation (LIC) reporting an improvement in value of new business (VNB) margin in Q1FY25, analysts believe the growth has not been satisfactory in the context of the insurer's medium-term targets on margins. VNB margin is a measure of profitability of life insurance companies. LIC's VNB margin improved by 20 basis points (bps) to 13.9 per cent in Q1FY25 over the same period last year due to a change in the business mix of the insurer.
'Definitely, we were in contention, but we didn't have enough runs in the batting powerplay, especially when you're chasing such a big score.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'It is difficult to write business internationally, without an 'A-' rating. It becomes more expensive.'
With the Reserve Bank of India's (RBI's) draft reconstruction scheme for the troubled lender suggesting a permanent write-down of these bonds outstanding as of March 5, bondholders who have invested RS 10,800 crores are up in arms, reports Hamsini Karthik.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Kapoor and his associate entities owned 10.6 per cent in the bank at the end of June 2019.
'We used to give these boxers a hammering in the ring and now they are teaching youngsters how to defend. Come on man!' 'People like Akhil Kumar and Jitender Kumar were among the top boxers in the world, but instead of choosing them to train young boxers they are picking people who are yes men.'
'We started AgniKul to show that space transportation should be as simple as road transportation.'
Sagar said they are hoping that India's wicketkeeper batter will soon make a return and play in IPL 2024
The man who owns the World record of fastest List A hundred (off 29 balls in the Marsh Cup) has now done enough that Delhi Capitals have been forced to drop David Warner on the pretext of a hand injury.
Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. "The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI," Das told reportters in Mumbai.
SBI's ownership should give confidence to depositors and lenders about the bank's solvency.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
From the appointed date, the authorised capital of the private sector bank would stand altered to Rs 5,000 crore and the number of equity shares at 2,400 crore having face value of Rs 2 each.
'Samsung declared they would not allow the presence of any trade union.' 'This is unacceptable as the rule of law in India permits employees to have a trade union.' 'So, the crux of the strike is this.'
Legendary West Indian batsman Brian Lara reckons Delhi Capitals' pace spearhead Kagiso Rabada could be an anxious man right now given his poor form in the IPL.
Yes Bank said it has received approval from the Capital Raising Committee of the Board of Directors of the Bank for raising funds by a way of FPO.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
For her a competition, be it the World Cup or the Paralympic Games, is just an extension of her training regimen, which has to be followed to the tee.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
'Whichever teams have the best players they get a chance to retain them.
'There is a lot of scope for new players to come in and get their maximum value, given how the auction is structured.'
On the capital raising, where there are reports of the bank needing at least Rs 20,000 crore to spring back to normalcy, Yes Bank administrator Prashant Kumar declined to give an estimate of the requirement but said it would like for most of the fund raising to happen in the first round itself.
Ricky Ponting was not just into amassing hundreds in his heydays as a player, the two-time World Cup winning former Australia captain has revealed that he also meticulously collected every bat with which he scored an international ton, complete with the exact score and the name of opposition written on it by him.
The Prime Minister termed the athletes as "India's soldiers of 2036 Olympics".
The road to Sena Bhavan is gridlocked. Every inch is a battle for space as party workers from different parts of the city, indeed the state, have descended upon this iconic building to celebrate what until this morning seemed unexpected: A victory.
"One common friend of Aaftab Poonawala and Shraddha Walkar has been called for questioning. This is the friend who had intimated Shraddha's father about her going incommunicado," the sources said.
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