Reports Financial News

By Robert Harvey

Travel and tourism experts also believe that the goods and services tax (GST) input credit facility should begin for inbound and domestic tourism. ‘’Centralise similar issues faced by a single assessee in multiple states – reducing unwarranted time, efforts and litigations in multiple jurisdictions,'' said Thomas Cook India's Menon.

₹11 per litre for petrol, and ₹6 per litre for diesel compared to international product prices, said Girishkumar Kadam, senior vice president and group head of corporate ratings, Icra Ltd. Kadam also noted that marketing margins for petrol have seen a recovery in recent months following a significant drop in September. Diesel margins, which were negative until October, turned positive from November.

₹1,328 crore in funding. The investment was led by existing investors, including notable names such as Norwest Venture Partners, TPG Growth, and Baring Private Equity India, alongside contributions from select new investors. New investors in this venture comprise Duro Capital, Axis Alternatives, Ananta Capital, and Mirae Asset Venture Investments (India).

Vicky Jain, one of the contestants on the Salman Khan hosted 'Bigg Boss 17', bid farewell to the reality show just days before the highly anticipated grand finale. The news, reported by The Khabri on X (formerly called Twitter), has stirred a mix of reactions among netizens, leaving fans both surprised and disappointed. Vicky Jain, who entered the Bigg Boss house alongside his wife Ankita Lokhande, faced a tumultuous journey marked by intense altercations and controversies. His elimination, though not officially confirmed, has triggered varied responses online.

quantum computing hubs in the country in a public-private partnership mode, the minister of state for electronics and information technology Rajeev Chandrasekhar said. “The quantum (of funds) is more than Rs 10,000 crore. It will be presented before the cabinet for approval soon. The IT ministry is proposing this and this will include setting up of GPUs (graphics processing units) in PPP mode with data centres in the private space and public data centres under CDAC (Centre for Development of Advanced Computing),” Chandrasekhar told reporters on Tuesday.

Procter & Gamble's (NYSE:PG) second-quarter results revealed mixed performance, with organic revenue growth at 4%, slightly below the average analyst estimate of 4.6%.

Brian Kahn is stepping down as chief executive of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to the collapse of a hedge fund.

Johnson & Johnson's (NYSE:JNJ) reported today fourth-quarter results that exceeded analyst expectations.

Shares of General Electric (NYSE:GE) fell 6.7% in premarket trading Tuesday after the energy solutions provider’s Q1 outlook missed analysts’ expectations.

GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian stock market. India's stock market capitalization crossed $4 trillion for the first time on December 5, 2023, with about half of that reportedly coming in the past four years.

₹2,365.50, experiencing a nearly 4% decline on the BSE during Tuesday's intraday trade, accompanied by substantial trading volumes. Over the last two trading days, the fast-moving consumer goods (FMCG) company's stock has witnessed a 7% downturn following its disappointing performance in the December quarter (Q3FY24), attributed to sluggish demand.

AI comes to Gmail: What is ‘Help me write’ in Gmail and how it helps Notably, Google had announced the 'Help me Write' feature at the company's I/O 2023 event, which allowed users to create a complete draft of the email within seconds using just text prompts. The feature uses Google's advanced machine learning algorithms to produce better results, the company claimed. Explaining the feature in a blog post, Google wrote: "Just type in the prompt of what you want hit create, and a full draft appears...

₹468 crore. This comes at a time when Colgate’s total operating revenue rose by 8% to nearly ₹1,396 crore. Even so, shares of Colgate dropped by more than 4% on Tuesday amid weak broader markets.

₹8,713.70 on Tuesday. This growth was primarily driven by its healthcare and life sciences vertical, while the troubled BFSI and software segments lagged. Despite the positive results, caution is advised going ahead.

BENGALURU : Edtech company Byju’s warned about its ability to continue operations after finally posting its financial numbers for fiscal year 2021-22, only to report that its losses had ballooned to ₹8,245 crore from ₹4,564 crore in the year prior. Hurt by continuing losses from operations combined with debt-related risks, Byju’s said in a regulatory filing on Tuesday that a “material uncertainty" existed. “These events and conditions cast significant doubt on the company’s ability to continue as a going concern," the company said in a filing with the ministry of corporate affairs.

The founders of Wise, Skype and Songkick have raised 400 million euros ($436.4 million) for a new fund to back technology startups in Europe. It seeks to compete with established funds like Atomico, Balderton Capital and Creandum with its founder-led focus.

Budget expectations: Different segments of the population have hopes from the interim budget Finance Minister Nirmala Sitharaman will present on February 1. Many think Sitharaman might deliver a populist budget in view of the upcoming Lok Sabha elections while many others think the government is under no pressure to please different voting segments with benefits in the budget due to the BJP's bright poll prospects. Also Read: Budget 2024 can sow inclusive growth for farmers & women to get a vibrant Bharat There is another argument that Sitharamn might offer some benefits to the people at the bottom rungs of the economy in view of the high inflation in this financial year. These are likely to be rural people as they have been suffering from inflation as well as the depressed demand in rural areas. However, another category that the budget might target is the urban poor, not just to provide relief to them from high inflation but also to consolidate a new voting bloc. A scheme for domestic staff

stocks partially offset a jump in miners, while focus remained on the European Central Bank's policy meeting due later this week for signals on the interest rate trajectory.

CBI and West Bengal police to probe an attack on ED officials at Sandeshkhali, a lawyer representing the agency said on Tuesday. The appeal has been listed for hearing before a division bench presided by Chief Justice T S Sivagnanam on Wednesday.

Tech Mahindra is expected to see a sequential decline in revenue in the December quarter due to weakness in the communication vertical segment and higher furloughs. The company will report its third earnings on Wednesday, January 24.