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Minority shareholders are expected to benefit from the demerger of ITC's hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory firms, including InGovern Research Services, ISS and SES, come ahead of the June 6 meeting of shareholders of ITC to consider and approve the demerger proposal. According to proxy advisory firm ISS, the demerger may unlock value for its shareholders and improve ITC's return ratios.

Mygate has entered the insurance distribution business, having received the aggregator licence from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance policies. The Bengaluru-based company has partnered with insurtech startup Acko General Insurance to distribute its insurance products. It is integrating Acko General Insurance’s services into its platform to provide access to insurance for four million households on the Mygate app.

regional connectivity, a new 60 km railway line has been proposed between Chola in Bulandshahr and Rundhi in Palwal. This line aims to link Noida International Airport with major routes to Howrah, Chennai, and Mumbai, a TOI report stated. Officials from North Central Railway have recommended connecting the proposed tracks to the airport’s ground transportation center through an underground channel. The new line will have junctions at Chola, merging with the Delhi-Howrah line, and Rundhi, extending to the Delhi-Chennai/Mumbai route. This strategic alignment will facilitate trains from the airport to travel in multiple directions.

Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash.

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Boeing is now aiming for its first astronaut launch at the beginning of June

The Conference Board on Tuesday issues its consumer confidence index for May

Nigeria’s government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country’s lithium, a critical mineral used in batteries for electric vehicles, smartphones and power systems

Twelve people have been injured when a Qatar Airways plane flying from Doha to Dublin hit turbulence

U.S. stocks rose in a bounce back from Wall Street’s worst day since April

The Big Ten held a narrow edge over the Southeastern Conference in revenue for the second straight year and the Atlantic Coast Conference again ranked a distant third among the major conferences

Shares have advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather

Mukesh Ambani's Reliance Industries, debates and discussions are ongoing about which business will go public first, according to a report by the Hindu Businessline. And it added, citing sources, that it is highly likely that Reliance Jio Infocomm will be the first to debut on the public markets ahead of other businesses.While discussions are still in the initial stages, top officials, sources told the paper, favoured the telco making its public markets debut first, adding that they view it as a more "mature" business.Livemint could not independently verify the report.Also Read | Sensex Today Live Updates: Sensex, Nifty trade muted, amid 2-year high VIX at 24; PSB, Realty drag; Pharma, Health upThey added that Reliance Industries (RIL) is considering a potential valuation of around $100 billion, with a share price of approximately ₹1,200 per share.

income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. «Please link your PAN with Aadhaar before May 31, 2024, if you haven't already, in order to avoid tax deduction at a higher rate,» the department posted on X.

United Spirits (USL) surged 3% on BSE in Tuesday’s session to the day’s high of Rs 1,196 after the company on Friday reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter. USL’s revenue from operations was up 12.41% year-on-year (YoY) to Rs 6,511 crore during the quarter under review from Rs 5,792 crore a year earlier while the total expenses in the March quarter were up 10.9% to Rs 6,279 crore.

Max Healthcare Institute Ltd. traded 1.91 per cent down in Tuesday's trade at 01:07PM (IST). Around 31,933 shares changed hands on the counter. The stock opened at Rs 805.65 and touched an intraday high and low of Rs 816.0 and Rs 785.1, respectively, in the session so far. Shares of the company of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 505.35.

DOMS Industries rallied 10% on Tuesday on BSE to its new all-time high of Rs 2,035 after reporting a 29.6% year-on-year (YoY) growth in its Q4 PAT at Rs 46.93 crore against Rs 36.21 crore in the fourth quarter last year. The company also posted a 20% YoY growth in its revenue from operations which stood at Rs 402.74 crore for the quarter ended March 2024.

European shares were subdued on Tuesday, as investors looked ahead to inflation surveys for insights into the monetary policy path of the European Central Bank (ECB). The pan-European STOXX 600 index was trading flat, as of 0716 GMT.

life. Many narrow lanes and busy roads in Kochi and adjacent areas were submerged due to continuous downpour since early morning. People could not venture out of their homes in many areas of the port city as roads were flooded. Vehicles were seen moving at snail's pace on highways following the rains. Normal life was hit in the Kakkanad-Infopark and Aluva-Edappally areas due to waterlogging. The city and rural areas of the capital district of Thiruvananthapuram witnessed heavy rains since Monday night. Trees were uprooted and streams were overflowing in villages of Thiruvananthapuram district. In nearby Neyyattinkara, a house was severely damaged after an uprooted tree fell on it during heavy rains accompanied by winds. Nedumangadu, Neyyattinkara, Kattakkada, and Amboori areas, located in the high ranges of the district, received widespread rainfall. According to locals, a portion of a hill behind the famous Bali mandapam at Papanasam in nearby Varkala caved in because of heavy rains. The eco-tourism centre in hill station Ponmudi was closed following bad weather.

Scarcely four weeks from the first presidential debate of 2024, Democrats dream of President Biden’s stepping aside for a more appealing candidate. But there is a hitch. For starters, a convention switcheroo is all but impossible unless the president agrees—and he and the rest of the Biden family show no sign they’re ready to go.