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Passenger vehicle growth to moderate on weakness in entry level car segment and high base effect

Jan 31, 2024

New Delhi, Jan 31 (IANS) Domestic passenger vehicle industry growth is expected to moderate to 4.5% in FY2025E due to weakness in the entry-level car segment and high base effect, Kotak Institutional Equities said in a report. Volume growth is expected to moderate in FY2025E to 4.5% yoy owing to high base effect, receding order book in SUV…

IPO-bound Swiggy’s losses widen to Rs 4,179 cr in FY23, revenue up 45%

Jan 31, 2024

New Delhi, Jan 31 (IANS) Online food delivery platform Swiggy's net losses expanded to reach Rs 4,179 crore in the financial year ended March 31, 2023.The IPO-bound Swiggy’s operating revenue jumped around 45 per cent to Rs 8,264 crore in…

Business

Govt appoints 4 members of 16th Finance Commission

Jan 31, 2024

New Delhi, Jan 31 (IANS) The Government on Wednesday appointed four members to the 16th Finance Commission which was constituted on December 31, 2023 with Arvind Panagariya, former Vice-Chairman of the NITI Aayog, as its Chairman.The…

Business

Any proposals on taxation of investments relating to capital market to be keenly watched

Jan 31, 2024

New Delhi, Jan 31 (IANS) The Fed decision tonight (Wednesday night) and the interim Budget tomorrow (Thursday) will weigh on markets in the near-term, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Global…

Business

Zooom airline returns to Indian skies, launches services to Ayodhya

Jan 31, 2024

New Delhi, Jan 31 (IANS) Reviving its operations, the domestic carrier Zooom airline started its operations with flight services from Delhi to Ayodhya on Wednesday.The airline deployed its fleet of Bombardier CRJ200ER aircraft for services…

Business

Elon Musk’s $56 bn pay package is unfair, deeply flawed: US judge

Jan 31, 2024

San Francisco, Jan 31 (IANS) A US judge has ruled that Elon Musk’s $56 billion pay package is unfair and the Tesla board will need to come up with a new pay proposal. The decision, issued in the Delaware Court of Chancery by Judge…

Business

Microsoft posts 33% increase in net income, gaming bet pays off

Jan 31, 2024

San Francisco, Jan 31 (IANS) Microsoft posted $62 billion in revenue and a net income of $21.9 billion during the quarter that ended December 31. Revenue was up 18 per cent and net income increased by 33 per cent.Microsoft completed the…

Business

Zee shares up 5% amid reports of arbitration hearing in Singapore

Jan 30, 2024

Mumbai, Jan 30 (IANS) Zee Entertainment shares jumped more than 5 per cent on Tuesday amid reports of an emergency arbitration hearing of its terminated merger with the Sony Group in Singapore.Zee shares closed at Rs 170.90, up by 5.75 per…

Business

Nifty displaying one day up, one day down pattern for last 7 sessions

Jan 30, 2024

Mumbai, Jan 30 (IANS) Nifty has been displaying one day up, one day down pattern for at least the last seven sessions. This shows the indecision on the part of the investors and traders ahead of the vote on account and US Fed meet, said…

Business

Gadkari rolls out highway projects worth Rs 2,367 crore in MP

Jan 30, 2024

New Delhi, Jan 30 (IANS) Minister of Road Transport and Highways Nitin Gadkari on Tuesday inaugurated and laid the foundation stone of nine national highway projects worth Rs 2,367 crore covering a total length of 225 km in Madhya Pradesh’s…

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