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ICICI Lombard promotes Sanjeev Mantri as MD & CEO
Bhargav Dasgupta, the current MD & CEO has resigned and will hold office till November 30, 2023. He is joining as Vice President of the Asian Development Bank. Sanjeev Mantri is also an ICICI veteran and has been with the group for more than 20 yrs across businesses. Prior to ICICI, he had spent 8 … Read more
Adani-Hindenburg row: Fresh plea in Supreme Court seeks new panel with ‘no conflicts of interest’
The Supreme Court of India has received a fresh plea that questions the integrity of the existing expert committee looking into the Hindenburg report on Adani Group accusing it of stock manipulation. The plea sought that the apex court formulate a new panel comprising individuals with unblemished integrity and no conflicts of interest in the … Read more
Cognizant’s Rs 19,000cr buyback attracts dividend tax: Tribunal
The Income Tax Appellate Tribunal – Chennai bench on Wednesday ordered that a Rs 19,000-crore share buyback undertaken by technology major Cognizant in 2017-18 attracts dividend distribution tax of Rs 4,853 crore. The ITAT‘s ruling dismissed an appeal filed by Cognizant. Cognizant conducted a share buyback through a scheme approved by the Madras high court … Read more
Bombay Dyeing selling worli land for Rs 5,200 cr
The Company has agreed to sell 22 acres in Worli to Sumitomo Realty & Development Company Limited, a large commercial real estate investor and developer in the Japanese market. Sale is in two phases Phase 1 –Â Bombay Dyeing (BDMC) will receive about Rs. 4,675 crore from the buyer by October 2023. Phase 2 – … Read more
kolkata: How a Kolkata-born professor secured a landmark victory against US government
Kolkata-born professor Jay Bhattacharya, hailing from Stanford University, has achieved a significant legal victory alongside fellow scientists, marking a milestone in a free speech censorship case against the US government. In his account published on The Free Press (thefp.com) on Monday, Bhattacharya expressed, “The victory is not just for me but for every American who … Read more
Polyphenols: Researchers find potential treatment route for Alzheimer’s
Scientists have found that highly abundant naturally occurring plant-based polyphenols or PPs (type of compounds) — like tannic acid found in twigs of trees like Chestnut and Oak — can help create cost-effective strategy for combating Alzheimer’s disease (AD) and reduce the societal burden of this debilitating neurodegenerative disorder. The findings are part of a … Read more