Tag Archives: under

Billionaire Russian lawmaker under investigation in France

A billionaire Russian lawmaker is under formal investigation in France on suspicion of tax evasion. Suleiman Kerimov, one of Russia’s richest men, was arrested late on Monday night in Nice. Russia summoned a French diplomat in Moscow to protest about his detention but he has since been released under strict conditions. “We will apply all efforts, maximum of efforts, to ... Read More »

Godrej Agrovet: The challenge of varied businesses under one roof

At the core, Godrej Agrovet has its animal feed business which generated 53% of revenue last fiscal. Its crop protection and oil palm business generated 15% and 10% revenue, respectively. Graphic by Subrata Jana/Mint Godrej Industries Ltd, the promoter of Godrej Agrovet Ltd, is listing its unit at an opportune time. As Sharekhan Ltd points the listing will help unlock ... Read More »

Sales accounted under GST could distort September quarter picture

Investors are in for a surprise when the September quarter results are declared. This will be the first earnings season post-goods and services tax (GST) and differences in how sales will be recorded now are likely to distort reported growth figures. Companies have cautioned about this in their analyst meets and conference calls. Some may provide some comparison to help ... Read More »

SBI Savings Bank Account: How To Avoid Fine Under Minimum Balance Rules

Do you have an SBI account? SBI or State Bank of India savings bank account customers are required to maintain a monthly average balance. Failure to maintain an average balance as prescribed by India’s largest bank SBI will attract a penalty, which varies depending upon where the customer holds the account. State Bank of India (SBI) has divided the penalty ... Read More »

TD Bank under pressure over sales tactics claims

TD Bank Group, Canada’s biggest bank by deposits, is battling to contain damage from a potential sales scandal after a TV show claimed employees regularly broke laws for fear of being fired. Shares in the bank dropped more than 5 per cent on Friday — the most in more than eight years — after reports by the Canadian Broadcasting Corporation accused TD ... Read More »

Sky bid puts independent directors under pressure

Sky’s independent directors are under mounting pressure to secure a higher bid from Rupert Murdoch for the 61% stake in the satellite broadcaster it does not own. On Friday, 21st Century Fox announced a possible bid for Sky priced at £10.75 a share, valuing the company at £18.5bn. Investors are concerned that James Murdoch is both chairman of Sky and ... Read More »

RBS slumps 25% as Brexit puts bank shares under severe strain

Bank shares are under severe pressure after the Brexit vote, with bailed-out Royal Bank of Scotland shedding a quarter of its stock market value at one point. The 25% slump in RBS shares on Monday took the bank, still 73%-owned by the taxpayer, back to levels last seen in February 2009. They later regained some ground, but by mid-afternoon were ... Read More »

VW faces Allianz suit over share drop; jobs under threat after scandal

German insurer Allianz (ALVG.DE) plans to sue Volkswagen (VOWG_p.DE) over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit would add to financial pressures on Volkswagen that its chief executive said on Tuesday would be “substantial and painful”. At the same time, ... Read More »