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Freebies to docs to boost sales of medicines prohibited by law, firms can’t claim IT deduction: SC

New Delhi, Feb 22 (PTI) The Supreme Court Tuesday held that granting freebies to doctors by pharmaceutical companies to boost sales of medicines is "clearly prohibited by law” and dismissed a plea of a firm seeking deduction under the Income Tax Act on account of giving incentives to medical practitioners. The top court termed as [...]

Hasura raises USD 100 mn in funding round; enters ‘unicorn’ club

New Delhi, Feb 22 (PTI) Hasura on Tuesday announced that it has secured USD 100 million in funding round led by Greenoaks with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures. The round `Series C' brings the total capital raised by Hasura to USD 136.5 million and the company's valuation [...]

Govt looking into governance lapses that happened at NSE: Finance Minister

Mumbai, Feb 22 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said the government is looking into the governance lapses that had happened at the National Stock Exchange (NSE) but declined to comment on whether there was an adequate correctional step in terms of actions taken against those who were held responsible for the lapses. Earlier [...]

KVIB releases subsidy of Rs 348.48 cr to young entrepreneurs

Jammu, Feb 22 (PTI) Jammu and Kashmir Khadi and Village Industries Board has released an amount of Rs 348.48 crore as margin money (subsidy) in favour of entrepreneurs who had applied loan from the board since 2019, its vice-chairperson Hina Shafi Bhat said. The amount was released to 15,459 unit holders under JK Rural Employment [...]

Hospitality industry urges aviation min to avoid flight disruptions at Port Blair airport

New Delhi, Feb 22 (PTI) Hospitality industry body FHRAI on Tuesday said it has submitted a representation to Union Civil Aviation Minister Jyotiraditya Scindia seeking his intervention to avoid disruptions in flight movements at the Port Blair Airport. The Andaman & Nicobar Command has directed shutting down the only runway of Veer Savarkar International Airport [...]

Sitharaman terms opposition charge of BJP using central agencies against opponents baseless

Mumbai, Feb 22 (PTI) Union Finance Minister Nirmala Sitharaman on Tuesday termed the charge of the BJP-led government using central agencies against political opponents as "baseless allegations". Speaking to reporters here, she also wondered how meetings between opposition like the ones involving Telangana Chief Minister K Chandrashekhar Rao, Maharashtra CM Uddhav Thackeray and NCP's Sharad [...]

Mumbai airport to handle over 1,000 aircraft movements daily once int’l flight services normalise: ATC Guild

Mumbai, Feb 22 (PTI) Mumbai airport is expected to handle more than 1,000 aircraft movements per day once regular international flight services resume, according to the ATC Guild. Currently, the traffic at the Chhatrapati Shivaji International Airport -- the country's second largest airport -- remains around 25 per cent lower compared to the pre-COVID period. [...]

Air India plane from Ukraine to land at Delhi airport at night

New Delhi, Feb 22 (PTI) An Air India plane carrying more than 240 passengers from Ukraine is expected to land in the national capital after 10 pm on Tuesday, according to officials. The airline is operating a Boeing 787 aircraft to bring back Indians amid rising tensions between Ukraine and Russia. The flight AI 1946 [...]
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