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Tag: stance

Lakshmi Vilas Bank makes its stance clear to Clix group on Religare deposit case

Lakshmi Vilas Bank makes its stance clear to Clix group on Religare deposit case

Finance
KOLKATA: Lakshmi Vilas Bank has reached out to the Clix Group with “all the documents” on its contingent liability related to Religare Finvest deposits, instruments the bank had set off against unpaid loans given to private firms of the erstwhile Religare promoters Malvinder and Shivinder Singh. Clix wanted Lakshi Vilas to make full provisions against the liability amounting to Rs 794 crore ahead of the proposed merger. The bank holds a contingent provision of Rs 200 crore, which is not included in tier I/tier II capital calculations. Hence, Clix wanted it to provide the balance Rs 594 crore. “We have submitted all the documents justifying our stance as to why making full provision is not necessary. We are the rightful owner of the money,” a senior bank official told ET. The bank has taken...
Manchester United transfer news LIVE: Sancho breaks silence, Red Devils ‘encouraged’ by Borussia Dortmund stance, AC Milan star linked as alternative

Manchester United transfer news LIVE: Sancho breaks silence, Red Devils ‘encouraged’ by Borussia Dortmund stance, AC Milan star linked as alternative

Sports
It’s set to be a busy summer of action for Manchester United in the transfer market. The club are keen to sign Jadon Sancho but won’t pay the £108m Borussia Dortmund want, while Jack Grealish continues to be linked with a move to Old Trafford. Alexis Sanchez has finally been shippped out. Keep up to date with all the latest Manchester United news and transfer gossip below.. Let's block ads! (Why?) talkSPORT
Coronavirus: ‘Not smart’ memo shows Amazon’s union stance

Coronavirus: ‘Not smart’ memo shows Amazon’s union stance

Technology
Leaked notes from an internal Amazon meeting throw light on how executives are dealing with increased worker unrest during the Covid-19 crisis.A lawyer suggested focusing on a sacked worker, who had organised a protest about safety in his New York warehouse.Christian Smalls was described as "not smart, or articulate."He should be the story, rather than the wider questions about conditions, the lawyer said.According to the memo, seen by technology news website Vice and not disputed by Amazon, general counsel David Zapolsky advised: "He is not smart, or articulate and to the extent the press wants to focus on us versus him, we will be in a much stronger PR position than simply explaining for the umpteenth time how we're trying to p...
Hawking says Trump's climate stance could damage Earth

Hawking says Trump's climate stance could damage Earth

Science
Media playback is unsupported on your deviceStephen Hawking says that US President Donald Trump's decision to pull out of the Paris climate agreement could lead to irreversible climate change.Prof Hawking said the action could put Earth onto a path that turns it into a hothouse planet like Venus. He also feared aggression was "inbuilt" in humans and that our best hope of survival was to live on other planets.The Cambridge professor spoke exclusively to BBC News to coincide with his 75th birthday celebrations.Arguably the world's most famous scientist, Prof Hawking has had motor neurone disease for most of his adult life. It has impaired his movement and ability to speak. Yet through it all, he emerged as one of the greatest minds of our time. His theories on black holes and the origin of t...