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ITC's hotel business will sharpen capital allocation, improve asset efficiency ratios, unlock value for its shareholders as well as enable leveraging of institutional synergies, company chairman and MD Sanjiv Puri today said. «The continued interest of ITC in the new entity will provide long-term stability and instill a sense of assurance among partners, investors, and employees while enabling the new entity to leverage ITC’s institutional strengths including the timeless goodwill, world-class brands and governance processes,» Puri told shareholders at the company's annual general meeting (AGM).

Amit Shah on Friday said in the Lok Sabha that the new bill on IPC will completely repeal the offence of sedition. Shah on Friday introduced three bills in the Lok Sabha to replace the Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act, which are British-era laws.

ITC Ltd chairman Sanjiv Puri said the company’s continued shareholding in the proposed demerged hotel business entity is to provide stability to the business, assure stakeholders and to allow ITC to leverage the institutional strengths to build its other businesses. Addressing shareholders in the company’s 112th annual general meeting virtually on Friday, Puri said the continued interest of ITC in the new entity (demerged hotel business) will provide “long term stability and instill a sense of assurance among partners, investors and employees, while enabling the new entity to leverage ITC’s institutional strengths including the timeless goodwill, world-class brands and governance processes.” Puri said for ITC, “the reorganisation will sharpen capital allocation, improve asset efficiency ratios, unlock value for its shareholders as well as enable leveraging of institutional synergies.

Also Read: Russia-Ukraine War: US to give $400 million military aid package for Ukraine: Report The proposal was designed to garner backing from both Republicans and Democrats, focusing particularly on addressing border-related concerns, a significant agenda for the GOP. Republicans have strongly criticized the Biden administration's methods of curbing the influx of migrants from Mexico.

ITC AGM 2023: The recently-announced demerger of ITC Hotels from the parent company will unlock value for ITC shareholders and sharpen capital allocation, said its Chairman and Managing Director Sanjiv Puri. The FMCG major, ITC held its 112th Annual General Meeting on August 11 where Puri address the company shareholders.

₹1,612 crores. With this, Axis Group will collectively hold 19.02%. Analysts from Motilal Oswal Financial Services point out that with the stake increase, a key concern for the stock was addressed and will support Max Life’s solvency ratio which stood at 188% in the June quarter (Q1FY24).

electric scooter, aiming to bolster Ather Energy's market share in the fiercely competitive electric scooter industry. This model is anticipated to directly rival the upcoming Ola S1 Air, slated for launch in the near future. According to a report by Business Today, the Ather 450S is likely to adopt a design akin to the Ather 450X, incorporating similar stylistic elements such as LED headlamps, streamlined indicators, and a distinct LED taillight.

UBS on Friday said that it has ended a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc public liquidity backstop that were put in place by the Swiss government when it took over rival Credit Suisse in March.

N R Narayana Murthy has spoken about how democracy can work in a better way during the convocation of Techno India University in Kolkata. The business magnate said that democracy works best in an environment of pluralism, where every citizen has the freedom to practice one's own beliefs and faith without imposing it on others. According to him, democracy will prosper only if a mindset is created that highlights the commonalities of various beliefs rather than the differences.

Vedanta Group Chairman Anil Agarwal expressed his happiness after meeting entrepreneur and actor Ryan Reynolds and called him ‘one of the nicest people who is extremely passionate about child welfare initiatives’. He posted his picture with Ryan Reynolds on X (formerly Twitter). In a tweet, Anil Agarwal wrote, “I met everyone's favorite superhero recently..

Investing.com-- Most Asian stocks sank on Friday, with Chinese shares leading losses on persistent concerns over the property market,  while data showing a rise in U.S. inflation did little to improve sentiment. 

ITR for FY 2022-23 (AY 2023-24) was July 31, 2023. However, if an individual has missed this deadline, there is no need to worry for one can still file ITR by paying a penalty. This ITR, which is filed after expiry of the deadline of the original ITR, is called a belated ITR. The last date to file belated ITR for FY 2022-23 (AY-2023-24) is December 31, 2023. To file a belated ITR an individual has to pay a penalty of Rs 5,000 if net taxable income is above Rs 5 lakh or Rs 1,000 if net taxable income is below Rs 5 lakh. Penal interest on the income tax due, if any, will also have to be paid. A belated ITR is filed in a similar manner as an original ITR with some differences… But if you want to switch the tax regime (from that chosen in the previous year), while filing a belated ITR, then it is a different matter and is dependent upon your source of income. For example, there could be a case where a person who filed ITR under old tax regime for FY 2021-22 wants to file a belated ITR for FY 2022-23 under new tax regime.Click here to know more about belated ITR deadline and penalty amount.

Delhi Government on Thursday issued an advisory, prohibiting the use of mobile phones in school premises, an official release said. According to the advisory, Directorate of Education said, «The parents are requested to ensure that their wards do not carry mobile phones in the school premises.

NBC News. According to WHO officials quoted by the BBC, there is no suggestion that the E.5 variant is more severe or has higher risks compared to the previous variants of interest.

Virgin Galactic launched its first tourist passengers into the weightlessness of space Thursday, the culmination of a nearly two-decade commercial pursuit, the company said. The three passengers — Jon Goodwin, Keisha Schahaff, and her teenage daughter Anastatia Mayers — floated gravity-free through the Virgin spacecraft about 45 minutes after taking off. «They are officially astronauts.

Moon and Mars. These regions, rich with planetary bodies, are the focus of numerous endeavors.

Bandhan Bank, BPCL and Divi’s Laboratories, among 30 others will be in focus on August 11 as they will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout. Ex-dividend is the day the stock becomes ex-dividend, which simply means it does not carry the value of its next dividend payment from that day forward.

UPI apps. This will further enhance the avenues for customers using SBI Card on the RuPay platform on UPI merchants, thus facilitating enhanced, convenient, and seamless payments experience. “With this functionality, the SBI Card customers will be able to use their SBI Card-issued RuPay credit cards on the UPI platform.

Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago. Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies.

equity market is undergoing a healthy consolidation. The benchmark indices are likely to open lower on Friday amid mixed global cues. Trends on Gift Nifty also suggest a weak opening for the frontline indices as the Gift Nifty futures were trading 19,558 as compared to Nifty futures’ previous close of 19,599.

Delhi government has prohibited mobile phones in the classrooms in both public and private schools. According to the latest notification by the Directorate of Education (DoE), “Parents should ensure that their children do not bring mobile phones into the school premises. If students bring mobile phones to school, then the school authority should arrange to keep them in a locker and return the mobile phones to the students after school".