M&M Launches TUV300 Facelift
Mahindra & Mahindra (M&M) on Friday launched an updated version of its compact SUV TUV300 priced at 8.38 lakh (ex-showroom, Mumbai). It features design enhancements and new features like piano black front grille with black chrome inserts, muscular side cladding and a newly designed pare wheel cover, M&M said.
US Court Rejects Plea for Sales Curbs on Cipla Pharma major Cipla Friday said the US District Court of Delaware has denied Amgen Inc's request for preliminary injunction to stop Cipla's continued sale of its generic cinacalcet hydrochloride tablets in the US market. The company had announced a phased launch of the drug used in the treatment of secondary hyperparathyroidism in adults with chronic kidney disease on dialysis.
Century Textiles Posts ₹227.6-crore Profit in Q4 Century Textiles and Industries (CTIL) on Friday reported a standalone net profit of
₹227.6 crore for the fourth quarter ended March 2019. It had posted a net profit of ₹108.7 crore in the January-March quarter a year ago,
Century Textiles said in a BSE filing. The company’s total
income during the quarter was ₹1,008.5 crore. It was ₹993.3 crore in the corresponding quarter of the previous fiscal. CTIL’s total expenses stood at ₹765.4 crore. Meanwhile, the company said its
results are not comparable as it had granted right to manage and operate its Viscose Filament Yarn business to Grasim Industries from February 1, 2018, which paid an upfront royalty of ₹600 crore.
No Gold Shifted Outside India in 2014 or Thereafter: RBI
The Reserve Bank of India (RBI) on Friday said no gold was shifted outside the country in 2014 or thereafter. The statement comes against the backdrop of reports in certain sections of the print and social media regarding the central bank shifting abroad a part of its gold holding in 2014. It is a normal practice for central banks world
over to keep their gold reserves overseas with central banks of other countries like Bank of England for safe custody, according to the
statement. “It is further stated that no gold was shifted by the RBI from India to other countries in 2014 or thereafter. Thus the media reports cited above are factually incorrect,” the statement said.
Yes Bank Fined for Violating Money Transfer NormsYes Bank on Friday said the Reserve Bank of India has imposed a penalty of ₹11.25 lakh on it for violating money transfer norms. “(The) Reserve Bank of India (RBI) vide its speaking order dated April 22, 2019, imposed a penalty of ₹11,25,000 under the Payment and Settlement Systems Act, 2007,” Yes bank said in a regulatory filing. The RBI has identified certain violations of its circular of 2011 on Domestic Money Transfer — Relaxations and master directions issued in October 2017 on issuance and operation of prepaid payment instruments in connection with certain product features for an open loop prepaid card (co-branded) previously issued by the bank, Yes Bank said.
RBI Imposes Penalties on Vodafone m-pesa, PhonePe
The Reserve Bank of India on Friday said it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms.
Also, penalties have been imposed on Western Union Financial Services and MoneyGram Payment Systems, both US firms, for non-compliance of guidelines. “In exercise of powers vested under
Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on...five PPI Issuers for noncompliance of regulatory guidelines,” the central
bank said in a statement.
No comments:
Post a Comment