Daily Archives: January 7, 2020

R-Power defaults, lenders face insolvency deadline

Reliance Power on Tuesday informed the stock exchanges that it has defaulted on a debt of Rs 685 crore. It said that the default pertained to the quarter ended December 2019. On July 6, 2019, all the main lenders of Reliance Power had signed an ICA. Reliance Power’s default has coincided with the expiry of the 210-day RBI deadline for resolving stressed loans.

BAFTA nominations receive backlash for THIS

The list has satisfied the movie enthusiasts by fairly giving huge space to the films that one would predict like ‘Joker’, ‘The Irishman’ and many more.

Sun Pharma eyes China, Japan markets

Dilip Shanghvi, MD of India’s most valuable drug firm Sun Pharmaceutical Industries and one of the richest first-generation billionaires in the country with a net worth of $7.8 billion, is now looking at new markets to fire the company’s growth engine.

Sun Pharma eyes China, Japan markets

Dilip Shanghvi, MD of India’s most valuable drug firm Sun Pharmaceutical Industries and one of the richest first-generation billionaires in the country with a net worth of $7.8 billion, is now looking at new markets to fire the company’s growth engine.

Govt may link GST refund to remittance for exporters

The government is looking at linking the refund of goods and services tax (GST) to “risky and new” exporters with remittance of foreign exchange apart from accessing bank transaction details as part of an exercise to plug revenue leakage. The issues were discussed at a meeting of top tax officers with revenue secretary AB Pandey on Tuesday.

Varun Dhawan on JNU attack: Can’t stay neutral

Actor Varun Dhawan on Tuesday condemned the violence in Delhi’s Jawaharlal Nehru University (JNU) and said one cannot stay neutral during such incidents, joining a section of Bollywood personalities who have denounced the campus mayhem.

Government mulls tax break for desi pharma companies

One of the key recommendations made by the department of pharmaceuticals (DoP) as part of its 2020 budget proposal to ministry is to boost research by considering to restore tax benefits on research and development (R&D) expenditure incurred by local pharmaceutical companies. At present, the industry enjoys 150% weighted deduction on R&D and hopes for 200%.

Deepika returns to Mumbai after visiting JNU

Deepika Padukone visited Jawaharlal Nehru University in Delhi to support the students protesting against the violence in the University campus.

Forecast puts GDP growth at 11-year low of 5%

The National Statistical Office on Tuesday forecast GDP growth to be 5% in 2019-20, slower than the previous year’s 6.8% and in line with the RBI estimate. If this growth is realised, then it would be the slowest since 3.1% posted in 2008-09 in the aftermath of the global financial crisis.

Big sports events today

Here are the big sports events lined up for Wednesday (January 8) that comprise action from Malaysia Masters badminton tournament.