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Articles for Bny

CM Stalin invites BNY Mellon to TN; firm exploring investment, AI in banking
3 months, 2 weeks ago

CM Stalin invites BNY Mellon to TN; firm exploring investment, AI in banking

New Indian Express  

CHENNAI: Chief Minister MK Stalin met with senior executives from The Bank of New York Mellon Corporation in Chicago and invited them to make new investments in the state. According to an official press release, the discussions between the delegation from the state and BNY Mellon centred around potential collaborations between the bank and the Tamil Nadu government. With the …

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Liability To Deduct TDS Under Section 201 of Income Tax Act Is A Vicarious Liability, Which Ends With Discharge Of Principal Liability Of Recipient Of Income: ITAT
2 years, 1 month ago

Liability To Deduct TDS Under Section 201 of Income Tax Act Is A Vicarious Liability, Which Ends With Discharge Of Principal Liability Of Recipient Of Income: ITAT

Live Law  

The Mumbai bench of the Income Tax Appellate Tribunal has ruled that the liability to deduct tax at source under Section 201 read with Section 195 of the Income Tax Act, 1961, is a vicarious liability of the payer of an income and thus, the liability to deduct TDS ceases to exist when the primary liability of the recipient of …

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America's Oldest Bank BNY Mellon Reveals Mega Plans for Bitcoins and Cryptocurrency
3 years, 10 months ago

America's Oldest Bank BNY Mellon Reveals Mega Plans for Bitcoins and Cryptocurrency

News 18  

Bank of New York Mellon, America’s oldest bank, has said that it will begin financing bitcoin and other digital currencies. “BNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets,” Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, said in a press release. “Growing …

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Bitcoin soars to all-time high
3 years, 10 months ago

Bitcoin soars to all-time high

The Hindu  

Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets. The BNY Mellon announcement came just days after Elon Musk's Tesla revealed it had bought $1.5 billion worth of the cryptocurrency and would soon accept it as a form of payment for its …

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Palm oil labor abuses linked to world’s top brands, banks
4 years, 2 months ago

Palm oil labor abuses linked to world’s top brands, banks

Associated Press  

PENINSULAR MALAYSIA — Jum’s words tumble out over the phone, his voice growing ever more frantic. “This has been the industry’s hidden secret for decades,” said Gemma Tillack of the U.S.-based Rainforest Action Network, which has exposed labor abuses on palm oil plantations. “I understand why companies are struggling because palm oil has such a bad reputation,” said said Didier …

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