Troubled Jet Airways missed a $109 million loan repayment due to HSBC Bank this week, people with knowledge of the matter said. The money was due on March 28, and was part of a two-tranche facility totaling $140 million that the company took from HSBC in 2014, according to the people, who asked not to be identified because the details are private.
The issue has been resolved, but it may cause some a disruption in travel plans.
SBI and other banks have over Rs 8,000-crore loan exposure to the private airlines.
"The Ferrero Group... will acquire the cookie, fruit and fruit-flavoured snack, ice cream cone and pie crust businesses from Kellogg Company," which generated sales of approximately $900 million in 2018, it said. The brands Ferrero will acquire include popular Keebler cookies as well as Famous Amos and Murray Sugar-Free cookies and fruit snacks such as Stretch Island.
Lalit Tyagi, DGM and regional head, Bank of Baroda, Bengaluru told media on Monday that the first three-way consolidation of banks in India will see the combined bank having 9,500 plus branches, network of 13,400 plus ATMs and 85,000 plus employees serving 120 million customers with a business mix of Rs 15 lakh crore.
According to a food safety & standards authority of India (FSSAI) notification issued last year, it had mandated the liquor industry to carry the statutory warnings in a square box on the lines of tobacco industry. The Food Safety and Standards (Alcoholic Beverages) Regulations, 2018 mandated the makers to carry: "Consumption of alcohol is injurious to health. Be safe-don't drink and drive".
The summer schedule of flights of all other domestic airlines such as Vistara, IndiGo, Air India and GoAir have been approved till October 26, according to the document.
This comes just a few months after Indian authorities launched an investigation into J&J's baby powder to see if it contains cancer-causing asbestos. J&J said in late February it had resumed production of baby talc after government tests found no asbestos in the product. J&J's baby powder is one of the most recognised foreign brands in the country.
Literature has a variety of character archetypes and one of the most entertaining is the trickster. Here are some tricksters and pranksters from literature who have entertained us.
Mallya had last month approached the high court challenging a January 5 order of a special Prevention of Money Laundering Act (PMLA) court declaring him a fugitive economic offender under the FEO Act.
The collection in March 2019, has been highest since introduction of GST and also reflects a 15.6 per cent growth over March 2018, collection of Rs 92,167 crore.
The Kotak family owns over 30% stake in the bank, but RBI has certain rules that limit promoter holdings in the bank. The central bank had asked promoters to bring down their stake to under 20% by December 30, 2018, and to 15% by March 2020, and then under 10% later on in line with the guidelines for new bank licences
Domestic sales declined marginally at 1,47,613 units last month as against 1,48,582 units in the year-ago month, Maruti said. Sales of mini cars comprising Alto were at 16,826 units as compared to 37,511 units in March last year, down 55.1 per cent.
In the last financial year, ended March 31, the 30-share BSE index had jumped 17.30 per cent or 5,704 points and the broader NSE Nifty registered a gain of 14.93 per cent.
A spokesperson at India’s biggest airline by market share confirmed his resignation and added Friday was his last day at work.
The construction of the underground Metro takes longer and the deadline is about 42 months.
The taxman will track you even more closely now than in the past. The Income Tax department has given taxmen access the Project Insight (a tax tracker based on big data built at a cost of Rs 1,000 crore) portal that has much more information about you than ever.
Losing weight is a tough ordeal but even tougher is finding the right diet, regime and workout which suits your body.
Sania Mirza is looking ravishing these days!
Here's a look at some of Katrina's best kept beauty secrets.
Compliments are more than just words that make a person feel good. The right words at the right time can work wonders.
"I want to approach this issue carefully and don't want to hurt her or make her feel that I don't trust her. "
On the Sensex chart, Vedanta, Tata Steel, Tata Motors, Mahindra and Mahindra and ICICI Bank led the rally. On NSE, all sub-indices were trading in green with Nifty Auto and Metal rising the most, up as much as 2.44 per cent.
Several other banks have held discussions with National Payments Corporation of India (NPCI), the umbrella payments body that manages UPI, to bring fees and cap the number of free monthly P2P transactions from one bank account, said sources.
For corporate borrowers of Dena Bank, the merger comes as a major relief. These customers were earlier finding it difficult to obtain loans as their bank was facing lending restrictions under RBI’s prompt corrective action (PCA). Dena Bank CEO Karnam Sekar is tipped to join Chennai-based Indian Overseas Bank, while R A Sankara Narayanan, CEO, Vijaya Bank, is likely to take charge of Canara Bank in Bengaluru.
But unlike Bezos’s blog, which had screenshots of mails from an Enquirer executive, Gavin de Becker, the security chief, did not provide any proof for his claim. He also wrote that he would not speak again publicly on the issue. It thus complicates an already messy — and dirty — scandal that began when the Enquirer started publishing stories on Bezos's impending divorce from his wife.
