NEWS
Disney secures support from activist investor ValueAct Capital
04 Jan 2024
In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.
SpaceX faces allegations of wrongful employee firings
04 Jan 2024
SpaceX, the renowned rocket and satellite manufacturer, has come under scrutiny as a U.S. labor agency accuses the company of unlawfully terminating eight employees.
Chennai tax officials issue a Rs. 663 crore GST demand notice to LIC
04 Jan 2024
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of Goods and Services Tax (GST).
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Intel's new AI software firm, Articul8, secures backing from DigitalBridge
04 Jan 2024
In a significant development on Wednesday, 3 January 2024, Intel announced the creation of a new independent company dedicated to its artificial intelligence software endeavors.
Monthly GST collection in April-December averages Rs1.66 lakh crore
04 Jan 2024
Revenue collection by way of Goods and Services Tax (GST) for December 2023 stood at Rs,164,882 crore, while gross GST collection for the first nine months of the current financial year
India hikes windfall tax on crude, eliminates tax on diesel and ATF
03 Jan 2024
Government of India on Monday announced an increase in the windfall tax levied on locally-produced crude petroleum while doing away with the tax on diesel and aviation turbine fuel (ATF).
Adani Group plans self-financing for Dharavi slum redevelopment
03 Jan 2024
The Adani Group, spearheading the redevelopment of Dharavi slums in Mumbai, aims to fund the entire project through internal accruals and potential equity sales in the special purpose vehicle (SPV) dedicated to the initiative.
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Finance Ministry boosts the FAME-II scheme with an additional Rs 1,500 crore
03 Jan 2024
In a strategic move to further propel the adoption of electric vehicles (EVs) in India, the Union Finance Ministry has greenlit an additional allocation of Rs. 1,500 crore for the second phase of the Faster Adoption and Manufacture of Electric Vehicles (FAME-II) program.
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Starlink, led by Elon Musk, achieves milestone in 'Direct-to-Cell' satellite connectivity
03 Jan 2024
SpaceX, under the leadership of Elon Musk, has embarked on a groundbreaking project in 2024, initiating the launch of the first set of Starlink internet satellites via the Falcon 9 spacecraft.
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ONGC considers oil as an option to recover $600 million from the Venezuelan dividend
03 Jan 2024
ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.
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Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet
03 Jan 2024
In a move to capitalize on the surging demand in India’s rapidly growing aviation market, budget carrier Akasa Air is reportedly finalizing an order for approximately 150 Boeing 737 MAX narrow-body planes.
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Reliance Jio on the verge of approvals for satellite-based internet services in India
03 Jan 2024
Reliance Jio, led by Mukesh Ambani, is on the verge of securing crucial landing rights and market access authorizations from the Indian National Space Promotion and Authorization Centre (IN-SPACe).
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