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CORONAVIRUS PROVISIONS
Covid: Kerala govt mandates masks in public again; violators to be punishedChief Secretary V P Joy in his latest order said the government had rescinded all the restrictions imposed under the Disaster Management Ac...
Israel to send medical aid to India to fight COVID-19"The provision of emergency assistance is an expression of deep friendship between the countries in difficult times for India," Israeli For...
Lok Sabha passes taxation bill to provide reliefs for taxpayersThe Bill will replace the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March. Among others, t...
159 listed cos' cumulative EBITDA declined Rs 22,500 cr in March qtr: ReportFor the report, leading consultancy EY India analysed March quarter results of the top 300 BSE-listed companies and 115 global firms spanni...
Ujjivan SFB Q1 results: Net profit drops 42% YoY as provisions rise seven-foldIts loan disbursement for the first quarter was at Rs 474 crore against Rs 2,959 crore in the year ago period.
IDFC First Bank Q1 results: Net profit rises to Rs 93.5 crore; provisions at Rs 764 croreAt the end of June, the bank had provided moratorium to about 28% of its customers based on the value, out of which 23% is in retail assets...
Coronavirus impact: NBFCs urge RBI to allow draw-down from reserves for provisioning"We urge upon RBI to consider, as a one-time measure, to allow NBFCs to draw-down from their Reserves and adjust towards additional Expecte...
JM Financial reports 6.12% growth in Q4 revenueThe company reported a 7.64 per cent drop in March quarter profit after tax and before controlling interest.
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: ReportSection 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year. An enabling provis...
70 areas in Palghar notified as containment zonesThe containment zones fall under the Vasai-Virar municipal limits, and Dahanu and Palghar talukas, district Collector Kailas Shinde said in...
Sebi extends compliance timelines for trading, clearing membersDelay in daily margin trading reporting will also not attract penal provisions till May 17, 2020.
Wells Fargo Q1 profit decimated as coronavirus boosts provisionsThe fourth-largest US lender's quarterly profit fell to $42 million, or 1 penny per share, from $5.51 billion, or $1.20 per share, a year e...
Armed with ordinance, Odisha now may send epidemic rule violators to jail for 2 yrsAs per the Epidemic Diseases (Amendment) Ordinance, 2020, anybody who disobeys any regulation or order made under the principal Act is liab...
How coronavirus may cause legal wranglesUnlike few nations where the term is coded in civil laws, the Indian Contract Act is silent on 'force majeure'.
Shops selling essentials, medicines will remain open throughout 21-day lockdown: GovtHe said there were sufficient legal provisions available to deal with black marketeers and hoarders. He was referring to the lockdown annou...
COVID-19: Will grant special parole to convicts to decongest prisons, Delhi govt tells HCThe AAP government told the Delhi High Court on Monday that it has decided to decongest its prisons to check the spread of coronavirus by p...
White House staffer tests positive for coronavirus"This evening we were notified that a member of the office of the Vice President tested positive for the coronavirus," Katie Miller, Press ...
The 123-year-old law that India may invoke to counter coronavirusFollowing the World Health Organisation's far-reaching announcement, the Union cabinet secretary yesterday said all states and Union Territ...
One Intel employee in Bengaluru potentially exposed to coronavirus, under quarantineThe company said it is monitoring the coronavirus situation closely and working to ensure that its employees have the information and resou...
Coronavirus outbreak: Drug price regulator NPPA calls for close watch on Active Pharmaceutical Ingredients availability"The key drug industry associations have assured the government that there is enough stock of Active Pharmaceutical Ingredients APIs/ formu...