BUSINESS
Park Hotels Sets IPO Price Range at Rs 147-155
The floor price of Rs 147 reflects a price-to-earnings ratio of 53.45 times based on diluted earnings per share (EPS) for the fiscal year 2023, while the cap price of Rs 155 translates to a ratio of 56.36 times.
India Slashes Import Duty on Mobile Phone Components to 10%
The finance ministry officially notified the duty cut on January 30 for all goods used in the manufacture of cellular mobile phones, including components like battery covers, front, middle, and back covers, main lenses, screws, SIM sockets, and other mechanical items.
Elon Musk’s $56 bn pay package is unfair, deeply flawed, says US judge
The original package, approved by shareholders in 2018, involved 20.3 million stock option awards divided into 12 tranches of 1.69 million shares each.
Google Reports Impressive $307 Billion Revenue in 2023, Investments in Workforce Restructuring Reach Billions
Ruth Porat, Chief Financial Officer of Alphabet, highlighted a strong fourth quarter, with consolidated revenues reaching $86.3 billion, a 13% increase from the previous year. Search remained the largest contributor to revenue growth during this period.
Market Rebounds Strongly Following Initial Weak Start
During the early trading session, the 30-share BSE Sensex saw a decline of 243.07 points to 70,896.83, while the Nifty slipped 73.25 points to 21,448.85.
RBI Allocates Rs 5,000 Crore to Alleviate Liquidity Concerns for Primary Dealers
The central bank's decision to release this amount is grounded in a thorough assessment of the current and evolving liquidity conditions. As part of this initiative, individual SPDs will be informed of their incremental limits separately. It is crucial to note that all other terms and conditions governing this facility shall remain unaltered.
Zee Expresses Unawareness of Disney Star's Next Moves Regarding License Agreement
The company expressed its inability to comment on the news item, stating that it seems to pertain to internal discussions or plans within Disney Star, which Zee is not privy to. This response comes in light of Zee Entertainment Enterprises being asked to clarify its position on the news suggesting possible legal action by Disney Star.
Three Indian Markets Across Cities Make Notorious Markets List in the US
The three Indian markets highlighted in the report are Heera Panna in Mumbai, Tank Road in Karol Bagh, New Delhi, and Sadar Patrappa Road Market in Bengaluru. The online platforms from India that made it to the list include IndiaMart, Vegamovies, and WHMCS Smarters. This acknowledgment underscores the significance of robust enforcement against the trade of counterfeit goods to safeguard economies.
Finance Ministry Expresses Optimism for 7% Plus Growth, Flags Geopolitical Risks
As of January 29, the Indian economy reached $3.7 trillion, showcasing substantial progress over the past decade.
1.14 lakh startups generate more than 12 lakh jobs in India, say Finance Minister
The state-owned e-commerce platform, Open Network for Digital Commerce (ONDC), recorded over 63 lakh transactions till November 2023, showcasing its increasing usage and adoption.
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