BUSINESS

LIC Secures Income Tax Refund of Rs 25,464 on Interim Bonus
Kumar Manoj -
This refund is a resolution to the ongoing dispute between the Income Tax Department and LIC concerning the allowance of interim bonuses paid to policyholders by the corporation as deductible expenditure.
Government Takes Action Against Indian Company and Individuals for Undisclosed Links with Chinese Group
Kumar Manoj -
Metec Electronics Pvt Ltd had presented itself as an independent entity with shareholdings held by foreign nationals Chen Feiyan and Yang Wen, alongside an Indian national.
Civil Aviation Sector on Upswing, 75 Airports Built in the Last 10 Years: Scindia
Kumar Manoj -
Scindia noted the transformation in the aviation landscape, shifting from past narratives of airline closures in India to the establishment of new carriers, demonstrating the changing dynamics of the industry.
US Raises Concerns Over India's New Import Requirements for Computers and Laptops in Trade Policy Forum Meeting
Kumar Manoj -
Minister Goyal explained that the measures were implemented due to national security concerns.
Vibrant Gujarat Summit 2024 Concludes with MoUs Signing for Investments Worth Rs 26.33 Lakh Crore
Kumar Manoj -
If the MoUs signed at the VGGS originally planned for 2022 (but postponed due to the COVID-19 pandemic) were included, the total agreements reached 98,540, with investment proposals exceeding Rs 45 lakh crore, according to Patel. The official investor facilitation portal (IFP) recorded details of these MoUs.
TCPL Announces Acquisition of Capital Foods and Organic India; Joint Valuation Reaches Rs 7,000 Crores
Ashlin Rajan -
TCPL, a Tata Group company, will acquire 100% equity shares of Capital Foods, known for brands like Ching’s Secret and Smith & Jones, at an enterprise valuation of Rs 5,100 crore.
Wipro Addresses Lawsuit Against Jatin Dalal as a 'A Contractual Obligation'
Ashlin Rajan -
Delaporte assured that Wipro, with its three decades of business experience, has a robust pipeline and is firmly committed to its employees.
MakeMyTrip Witnesses a Remarkable 1,806% Surge in Ayodhya Searches Following Inauguration Announcement
Siddhant Kumar -
The peak search for Ayodhya was recorded on December 30, 2023, coinciding with the inauguration of the Maharishi Valmiki International Airport.
Bank of Baroda Predicts Positive FPI Inflows and Rupee Appreciation in the First Two Quarters
Siddhant Kumar -
The report highlighted that FPI into India concluded at $28.7 billion in the previous calendar year. It noted the outperformance of the equity segment and observed an encouraging trend in the debt segment, especially in the latter part of the year.
SpiceJet Announces Special Flight from Delhi to Ayodhya for Ram Temple Consecration Ceremony
Anurima Das -
The Maharishi Valmiki International Airport in Ayodhya, inaugurated by Prime Minister Narendra Modi on December 30, will serve as the destination for the special flight. The airline's release on Friday detailed the flight schedule, with the departure from the national capital scheduled for 1.30 pm, reaching Ayodhya by 3 pm on January 21.
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