In the event of a default on bank loan repayments by Vodafone Idea, State Bank of India (SBI) will be the most affected lender, the report said. SBI has an exposure of Rs 11,200 crore to Vodafone Idea, IndusInd Bank’s Rs 5,000 crore and ICICI Bank Rs 1,700 crore.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Lenders to Vodafone Idea request DoT not to invoke bank guarantee: Report
"SEBI has found several related-party transactions that were not disclosed to the company’s audit committee and shareholders in their inquiry. The regulator has prepared a report, which has been sent to a committee of internal divisional chiefs for future course of action," the source close to the development told Moneycontrol. … [Read more...] about SEBI finds undisclosed related party transactions at IndiGo in preliminary enquiry
The median employee at Align Technologies, the company that makes Invisalign, makes $13,180 a year. The CEO makes $41,758,338. That’s a pay ratio of 3,168:1. And if you look at how the company performed over the long term, he was only worth about about $14 million dollars, meaning he was overpaid by some $27 million. That’s according to a new report that compares CEO pay to a company’s total shareholder return, a metric that tracks performance over five years. … [Read more...] about Meet the 10 most overpaid CEOs in the U.S.
Apple and Johnson & Johnson have announced they are teaming up for a new groundbreaking study to see if the digital health tools included on the Apple Watch could help reduce the risk of stroke by detecting anomalies with the heart earlier than a person would become aware of them. … [Read more...] about Apple is teaming up with Johnson & Johnson to see if the Apple Watch can reduce stroke risk
Today Amazon opens a 10,400-square-foot cashier-free grocery store in Seattle. The Wall Street Journal reports that the company hopes the store “will serve as a showcase for its technology as it seeks to sell its system to other businesses,” particularly convenience stores, airport shops, and stadium stores. The technology would likely be offered as a service, either under a licensing or profit-sharing model. Currently, twenty-five smaller Amazon Go stores operate in the U.S. … [Read more...] about Amazon Go expanding to larger Seattle store, licensing tech to retailers