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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 President of India has approved the names of Ajay Narayan Jha, former member, 15th Finance Commission and former…

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…

Business

US authority fines Infosys $225 for violating short payment of tax

Jan 30, 2024

Bengaluru, Jan 30 (IANS) The Nevada Department of Taxation in the US has been slapped a fine of $225 for alleged violation of short payment of modified business tax for two quarters.However, the company maintained that it is in the process…

Business

India’s M&A deal activity maintains long-term momentum, mid-market in focus

Jan 30, 2024

New Delhi, Jan 30 (IANS) India's strategic merger and acquisition (M&A) deal activity in 2023 maintained its long-term momentum, with deal volumes surpassing levels seen over the past 10 years, apart from the exceptional record year of…