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Tag: seeks

Pawnbroker shuts shops as it seeks lifeline

Pawnbroker shuts shops as it seeks lifeline

Business
Customers of a High Street pawnbroker are being left in the dark after branches were closed and calls unanswered.A&B Pawnbrokers (Albemarle & Bond) and Herbert Brown stores have closed their doors, while its website says "this store" has ceased trading.Owner Speedloan Finance told the BBC all its 116 stores had been closed because of "significant losses".The firm said it was "exploring options available to it".These included finding a buyer for some or all of the stores, it said."Speedloan is due to enter into a period of consultation with employees concerning its proposal and has in the meantime offered its employees voluntary redundancy," it added.The pawnbrokers' trade body hit out at the firm's unanswered helpline."Their decision to downscale ...
SC seeks NBCC response on completing stalled Jaypee group projects

SC seeks NBCC response on completing stalled Jaypee group projects

Finance
The Supreme Court on Tuesday sought response from the NBCC on whether it is willing to give a revised proposal to complete the stalled projects of Jaypee group. A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply by Thursday. Additional Solicitor General Madhavi Divan, appearing for the Centre, said the government has held three meetings with various stakeholders and a decision has been taken that it was willing to give tax concession running into hundreds of crores to Jaypee group and enhanced compensation to farmers only if the NBCC is allowed to complete the stalled projects. Senior advocate F S Nariman and Anupam Lal Das, appearing for the Jaypee group, said they have no objection ...
Vasyl Lomachenko seeks unification fight and promises UK return after convincing victory over Luke Campbell

Vasyl Lomachenko seeks unification fight and promises UK return after convincing victory over Luke Campbell

Sports
Vasyl Lomachenko promises he will return to fight in the UK after his stunning win over Luke Campbell at London’s O2 Arena on Saturday night.The Ukrainian knocked Campbell down in the 11th round and claimed a unanimous decision by two scores of 119-108 and one of 118-109. Getty Images - Getty Lomachenko delivered a boxing clinic at the O2 While the judges’ scorecards were arguably a little harsh on the Hull fighter, Lomachenko underlined just why he is regarded as the best pound-for-pound fighter on the planet as he took another step towards becoming the undisputed champion in the 135lb division. The victory saw him retain his WBA and WBO lightweight titles and scoop the vacant WBC crown.
DTC panel for highest I-T slab at 20%, seeks removal of DDT

DTC panel for highest I-T slab at 20%, seeks removal of DDT

Finance
NEW DELHI: The government panel on direct tax code (DTC) has recommended a substantial cut in personal income-tax rates, with the highest tax bracket pegged at 20 per cent, in addition to abolition of dividend distribution tax (DDT). The panel, however, has suggested that the prevailing long-term capital gains tax (LTCG) should stay. Sources said the panel has recommended three tax brackets of 5 per cent, 10 per cent and 20 per cent against the prevailing structure of 5 per cent, 20 per cent and 30 per cent. The sources said a lowering of the tax slabs can hit government fiscs by up to 30 basis points, leading to a revenue loss for 2-3 years. The panel has also recommended abolishing dividend distribution tax (DDT) and treat dividends as normal income. The panel has recommended that comp...
Inter Milan ‘agree personal terms’ with Alexis Sanchez as unsettled Manchester United star seeks Old Trafford exit

Inter Milan ‘agree personal terms’ with Alexis Sanchez as unsettled Manchester United star seeks Old Trafford exit

Sports
Inter Milan have agreed personal terms with Manchester United’s unsettled winger Alexis Sanchez, according to reports.San Siro chief Antonio Conte wants to bring Sanchez back to Italy this summer, but the forward’s enormous wages may well be a stumbling block in the deal. Getty Inter have reportedly agreed personal terms with Sanchez The Serie A outfit are far from finished in the market, even after shelling out £72million on Romelu Lukaku, and the Daily Mail report that they would be willing to offer around £20m for Sanchez. The report also claimed Inter will offer the 30-year-old around £5m-per-year, a significant drop in his currently wage which current stands at £9m-a-year. Now, Sky Sports Italy claim Sanchez has agreed personal terms with Inter and hi