News stories about "Standard" in India.

StanChart fails to avoid trial over US sanctions non-compliance

Standard Chartered lost its battle on Wednesday to exclude from a trial allegations it broke U.S. sanctions against Iran in a "more widespread and systematic" way than it previously admitted. Key Points

Reuters

StanChart argues for cutting 'systemic' sanctions busting claims from lawsuit

Standard Chartered sought on Tuesday to persuade a London court to remove from an investor lawsuit allegations that it broke U.S. sanctions against Iran in a "more widespread and systematic" way than the bank admitted to in a settlement with regulators. Key Points

Reuters

Drug regulator calls for cancelling licence of firm related to Uzbek deaths

Marion Biotech’s Dok-1 cough syrups allegedly led to the deaths of the children in December 2022. Noida police on Friday arrested three officials of the company on the basis of an FIR lodged by the Central Drugs Standard Control Organization (CDSCO). | Latest News India Key Points

Hindustan Times

Income Tax in Budget 2024: Will Standard deduction limit be hiked from Rs 50,000 to help salaried taxpayer

Standard deduction hike in Budget 2024: It has been almost 5 years since Standard deduction was revised; the previous instance was in 2019. There are many compelling reasons to raise the limit of the Standard deduction from Rs 50,000. Standard deduction, needs to be periodically adjusted to account for inflation, says Akhil Chandna, Partner, Grant Thornton Bharat. Though 2024 will see only an interim budget, middle-class taxpayers are eagerly hoping FM Nirmala Sitharaman will roll out some tax sops. Will the Budget 2024 raise Standard deduction from Rs 50,000? Key Points

Economic Times

Income Tax in Budget 2024: Will Standard deduction limit be hiked from Rs 50,000 to help salaried taxpayer

It has been almost 5 years since Standard deduction was revised; the previous instance was in 2019. There are many compelling reasons to raise the limit of the Standard deduction from Rs 50,000. Standard deduction, needs to be periodically adjusted to account for inflation, says Akhil Chandna, Partner, Grant Thornton Bharat. Though 2024 will see only an interim budget, middle-class taxpayers are eagerly hoping Finance Minister Nirmala Sitharaman will roll out some tax sops. Will the Budget 2024 raise Standard deduction from Rs 50,000? Key Points

Economic Times

Rana Talwar, first Indian to head a global bank, dies

India Business News: Rana Talwar, the first Indian and Asian to lead a global bank, passed away at the age of 76. He had been unwell for some time. Talwar began his career Key Points

Times Of India

Standard Chartered CEO says big US recession unlikely

The "reactive response in the U.S. was perfect," effectively stemming the crisis, he said, adding the ideal would have been to provide liquidity to "challenged banks" ahead of time. Key Points

Financialexpress

MHA to prepare SOPs for safety of journalists following Atiq Ahmad's murder

According to the sources, under the leadership of Prime Minister Narendra Modi and the guidance of Union Home Minister Amit Shah, the Ministry of Home Affairs, will be preparing the Standard operating procedure. The step is being taken after three assailants posing as journalists killed Ahmad and his brother Ashraf in Prayagraj Saturday night while they were speaking to reporters, they said. Key Points

Economic Times