Department Financial News

There are about 1.2 million men and 600,000 women working in the 8,785 information technology and biotechnology companies, according to the official data.

LIC: The Department of Economic Affairs has granted the company 10 years to achieve a minimum of 25% public shareholding instead of the usual three years. It said the decision was taken in the “public interest". GMR Airports Infrastructure: Its subsidiary GMR Airports signed an agreement with the National Investment and Infrastructure Fund (NIIF) to invest ₹675 crore in the upcoming airport at Bhogapuram, Andhra Pradesh.

A number of upset travellers have traded in their swimsuits for snow gear after their sunny Bahamas-bound cruise was rerouted to more frigid temperatures in New England and Canada.

virtual meeting with his Chinese counterpart on Thursday, the Pentagon said, in the first such conversation in over a year amid hopes by U.S. officials that it could lead to a broader restoration of ties between the two militaries. The video teleconference followed an agreement between U.S. President Joe Biden and Chinese President Xi Jinping last month to resume military-to-military ties severed by Beijing after then-House of Representatives Speaker Nancy Pelosi visited self-ruled Taiwan in August 2022. U.S.

LIC The Department of Economic Affairs has decided to grant a one-time exemption to Life Insurance Corp to achieve 25% minimum public shareholding (MPS) within 10 years from the date of listing. GMR Airports NIIF will invest up to Rs 675 crore in the upcoming greenfield airport at Bhogapuram, Andhra Pradesh being developed by GMR Airports. Lupin LupinLife, the consumer healthcare business of Lupin, announced the launch of Softovac Liquifibre, a 100% Ayurvedic liquid laxative. Read more: Here's the trade setup for today's session Maruti Suzuki NCLAT adjourned the CCI matter and listed for next hearing on February 2, 2024. Brigade Enterprises Brigade Group leased office space to Sidvin Core-Tech India. The 10-year agreement is for Grade A office space at Brigade Deccan Heights in Northwest Bangalore. MOIL MOIL production has surpassed 16 lakh tonnes on 20 December.

The insurance industry wants to be carved out of a Massachusetts proposal that targets “junk fees” in product sales, a stance that echoes their opposition to a Department of Labor investment-advice proposal that also has been promoted as a way to combat “junk fees” related to retirement-savings recommendations.

Here’s what to know about the issue, and what to do if it happens to you.

The Supreme Court will hear arguments in February on whether the Environmental Protection Agency can continue enforcing its anti-air-pollution “good neighbor” rule in 10 states

Oil companies have offered $382 million for drilling rights in the Gulf of Mexico after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species

Holiday travel is expected to hit its peak right around now

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates

Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year

By Stephen Culp

What better time to get a head start on a year’s worth of tax savings than with 2024 just around the corner. This is particularly true if you’re an employee, like me, who has taxes withheld from your paycheque each pay period by your employer, yet you end up with a significant tax refund the following spring.

₹5,520 crore, or $741 million, for its maiden fund, the Green Growth Equity Fund. India’s largest climate impact fund yet, it invests across renewable energy, resources and environment, e-mobility and green finance. The firm counts companies such as Ayaana, Radiance, EverEnviro, Kathari Water, GreenCell Mobility, Lithium and Ecofy in its portfolio.

Hovnanian Enterprises Chairman, CEO and President Ara Hovnanian reacts to rising homebuyer confidence due to declining mortgage rates on The Claman Countdown.

A notification to this effect issued by Manipur schools education director, L Nandakumar Singh on Thursday said: “There will be holiday for all schools in Manipur from 23rd December 2023 till the 30th December, 2023 in view of the cold weather and upcoming festival and New Year.” Mercury dipped in the Imphal valley on Thursday to 7 degree Celsius as people put on thick garments, stayed indoor and light up Meiphu (traditional charcoal heater) at home to beat the biting chill weather. Indian Meteorological Department forecasts that temperature could dip further over the next few days in the state, projecting the coldest day with zero degree Celsius during the period on December 26, a day after Christmas. The cold wave enveloping Imphal valley in the last few days followed incessant rains for the three-four days in the state.

Council of Economic Advisers Chair Jared Bernstein tells ‘FOX News Sunday’ that ‘real wages’ are rising and the job market is 'as tight as it’s ever been.'

preparations for a Christmas Eve party are a source of unparalleled pleasure. Planning and organising transforms the mundane into magical, as every detail contributes to the creation of a festive atmosphere.

LIC or Life Insurance Corporation of India has been exempted till 2032 to follow 25% minimum public shareholding norms. «Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Department of Economic Affairs, Ministry of Finance vide Office Memorandum dated December 20, 2023, has decided in the public interest, to grant one-time exemption to Life Insurance Corporation of India to achieve 25% Minimum Public Shareholding (MPS) within 10 years from the date of listing i.e., till May 2032 under Rule 19A (6) of the Securities Contract (Regulations) Rules (SCRR) 1957,» LIC said in a regulatory filing. In May 2022, the government had sold 3.5% stake in LIC IPO, which was an entirely (offer for sale) worth around Rs 21,000 crore. It remains India's largest IPO to date. The stock is now down around 19% from its IPO issue price of Rs 949 per share.

pediatric case of vocal cord paralysis following COVID-19 infection in a new study. The physician-researchers at Massachusetts Eye and Ear hospital in the US have concluded that the paralysis was likely a downstream effect of the viral infection, and that it may be another addition to the «well-established» nervous system-related or neuropathic complications observed in children and adults.