Provident Financial News

Hindustan Unilever on Tuesday said it is evaluating various options for the future of the ice cream business, following its parent Unilever's announcement of a strategic intent to separate the vertical globally. London-based Unilever announced that it intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs. When asked about the possible impact of the move on the Indian business, the Indian subsidiary (HUL) of Unilever said it is evaluating various options. «As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further,» said a HUL spokesperson in response to a query over the impact of Unilever's decision on the Indian business.

9-1-1 and The Bachelor is confirmed by 9-1-1 showrunner Tim Minear. The revelation comes after actor Oliver Stark hinted at the possibility, and a leaked set photo further fueled anticipation.

CBDT has permitted income tax authorities to file appeals irrespective of monetary threshold in cases relating to TDS/TCS, undisclosed foreign income, or information received from investigating agencies like ED and GST Intelligence. Currently, tax authorities can file appeals before the ITAT, High Court and Supreme Court, if the disputed tax demand exceeds Rs 50 lakh, Rs 1 crore and Rs 2 crore respectively — a threshold fixed in 2019. The Central Board of Direct Taxes (CBDT) in a circular dated March 15 said that the said monetary limits will not be applicable for filing appeals in cases where prosecution has been filed by the department in the relevant case, and trial is pending and conviction order has been passed and the same has not been compounded. Cases where the assessment is based on information with regard to an offence alleged to have been committed under any other law and information received from law enforcement or intelligence agencies like CBI, ED, DRI, SFIO, NIA, NCB, Directorate General of GST Intelligence (DGGI), and state law enforcement agencies, in such cases the appeals would be filed irrespective of the tax demand on the assessee.

₹29 lakh) from the current 70-110% to 15% for five years but comes with a number of caveats. The reduced tariff is valid only for 8,000 cars per year and can be availed only if companies make an investment of ₹4,150 crore or $500 million towards setting up a factory within three years. There is also a clause on domestic value addition –30% domestic value addition within three years going up to 50% by the fifth year.

Canada’s inflation rate slowed in February, putting a potential Bank of Canada interest rate cut on the table for the summer.

Brazilian Supreme Court today released the federal police's indictment that alleges the former president and 16 others in his close circle provided false information into the public health database to make it appear as if they had received the COVID-19 vaccine during the pandemic. The indictment comes one year after the federal police searched Bolsonaro’s residence to investigate if the former president and his close circle provided false data into the health ministry’s database as proof of vaccination ahead of international trips.

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UnitedHealth Group is testing software for submitting medical claims as it continues to recover from a cyberattack that disrupted care billing systems

Workers at a Tennessee factory ask for vote on representation by the UAW.

The European Union's top diplomat says he's pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons for Ukraine

The Environmental Protection Agency has announced a comprehensive ban on asbestos, a deadly carcinogen still used in some chlorine bleach, brake pads and other products

Authorities say that Iraq’s former defense minister, who holds dual Iraqi-Swedish citizenship, has been arrested in Sweden

Crypto lending and borrowing have long been pillars of the burgeoning decentralized finance (DeFi) sector.

In many parts of the world, the use of cash for everyday payments has become something of an oddity, with the vast majority of consumers and merchants preferring the convenience of credit cards and electronic payment methods.

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₹16,000 crore for 889 kilometres of national highway through its ‘InvIT round 3’ This is the largest-ever monetisations by NHAI and one of the largest transactions in the history of Indian roads. The letter of acceptance (LOA) was issued in February, NHAI said.

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The annual rate of inflation ticked down in February amid relief at the grocery store, Statistics Canada said Tuesday.