The Business Guardian - September 16, 2024

In this issue

September 16, 2024

Kerala Blasters vs Punjab FC in ISL 2024-25 clash at Nehru Stadium

kerala Blasters FC (KBFC) will start their Indian Super League (ISL) 2024-25 season at the Nehru Stadium in Kochi against Punjab FC (PFC) on Sunday.

2 mins

Maharashtra DISCOM issues lol for 6,600 MW Hybrid power from Adani

Adani Green Energy A will sign a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 5 GW (5000 MW) solar power from the world's largest renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra, the Adani Group company statement said in a statement.

2 mins

JANMAN YOJANA SUPPORTING TRIBAL COMMUNITIES NATIONWIDE: PM MODI

PM Modi highlighted government efforts to uplift tribal and impoverished communities and unveiled key infrastructure projects in Jharkhand.

2 mins

Sumitomo, AMPIN Partner for ¥100 bn Green Energy projects in India

Japan-headquartered Janant-national trading company Sumitomo Corporation has partnered with Indian renewable energy company AMPIN Energy Transition Private Limited to establish a holding company AMPIN C&I Power Private Limited.

2 mins

Jitan Manjhi criticizes Rahul Gandhi's US remarks: 'No Patriot Would Say This'

Union Minister Jitan URam Manjhi on Sunday slammed Leader of Opposition Rahul Gandhi for his recent remarks on reservations and Sikhs during US visit.

2 mins

Delhi Court clears Ambience Group Promoter in ED Case

The Patiala House Court has discharged businessman Raj Singh Gehlot, promoter of the Ambience Group, in a money laundering case related to alleged bank loan fraud.

1 min

SECURITY BREACH AT KARNATAKA CM SIDDARAMAIAH'S BENGALURU EVENT

A security breach at Karnataka CM Siddaramaiah's Bengaluru event was swiftly managed by security

1 min

Tamil Nadu CM pays tribute to Sitaram Yechuri

Tamil Nadu Chief Minister M K Stalin on Sunday paid tribute to Communist Party of India (Marxist) General Secretary Sitaram Yechury who passed away on September 12 at AIIMS Delhi Sitaram Yechury was suffering from a respiratory tract infection.

1 min

BJP created 'Fantasy' Liquor scam story: Manish Sisodia

Lashing out at the LB Bharatiya Janata Party (BJP), AAP leader and former Delhi Deputy Chief Minister Manish Sisodia said that the BJP drafted a fantasy story called 'liquor scam' and those stories were proved wrong in the Supreme Court.

1 min

Two Indian Navy women to circumnavigate the Globe

The Indian Navy is preparing for a remarkable achievement in maritime history as two of its women officers are set to embark on a groundbreaking circumnavigation of the globe.

1 min

Global financial markets eye US monetary policy next week for fresh cues

Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any.

1 min

Tuticorin Airport set for major upgrade, completion expected by December

Tamil Nadu's Tuticorin Airport is undergoing significant upgrades, including the extension of the runway for A-321 aircraft operations, construction of a new apron, terminal building, technical block-cum-control tower, and fire station, at a cost of Rs381 crore, the Airports Authority of India (AAI) said in a statement on Saturday.

1 min

India's Forex Reserves Surge to USD 689.235 billion, boosted by growing foreign currency assets

India's foreign exchange reInd serves have been steadily increasing, hitting several alltime highs in recent months.

1 min

Focus on involvement of Women at the Kisan Mela to promote crop residue management

Regenerative Agriculture takes center stage in Ludhiana in the recently held Kisan Mela to promote involvement of women in promoting crop residue management in the region.

1 min

OIL INDIA TO BEGIN OFFSHORE DRILLING IN ANDAMAN AS PART OF EXPLORATION INITIATIVE

Oil India Limited plans to initiate drilling activities in Andaman and Nicobar offshore waters as part of its exploration efforts. CMD Ranjit Rath stressed the need for stable oil prices for effective planning.

2 mins

India's position as "GCC Capital of the World”: Nasscom

The total number of Global Capability Centres (GCCs) in India crossed the number of over 1,700, and the revenue of GCCs rose to USD 64.6 billion in the financial year 2024, a report jointly released by Nasscom and consulting firm Zinnov said, terming the country the \"GCC Capital of the world.

2 mins

INDIA'S FOREX RESERVES ARE ON THE RISE; GAINED $66 BILLION IN 2024

According to the latest data from the RBI released this week, India's foreign currency assets (FCA), the largest component of forex reserves, were at USD 604,144 points.

1 min

AI Shares, Robust Funding, Appetite For Regulation Are Hints It Is Booming: Report

Artificial Intelligence as a technology in its current form is largely task-oriented and typically not capable of dealing with a situation where logic and reasoning are needed.

1 min

Oil India to commence drilling in Andaman offshores as part of exploration efforts

Oil India Limited Chairman and Managing Director, Ranjit Rath, said that the state-owned company is going to commence drilling activities in Andaman and Nicobar offshore waters, as part of its exploration efforts.

1 min

India is 'very important market'; looking at more frequencies: Malaysia Airlines

Malaysia Airlines is keen to expand its operations into India, which is a \"very important market\", according to a top airline official.

1 min

India seeks investment, tech transfer from S. Korea, Japan to set up shipbuilding

India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official.

1 min

Global financial markets eye US monetary policy next week for fresh cues

Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any.

1 min

Reliance expands trading area by 50% for non-food & general merchandise

Reliance Retail, the country's largest retailer, has increased the trading area for non-food and general merchandise by almost 50 per cent in its grocery stores in a bid to improve margins.

1 min

Rajnath Singh's US visit: Expediting India-US defence partnership

Amidst a puzzling geopolitical landscape, Indian Defense Minister Rajnath Singh's official visit to the US from August 23 to 26 came at a pivotal juncture and increased bilateral proximity and coordination on mutual strategic interests with the US.

5 mins

PM MODI'S LEADERSHIP HAS HELPED GLOBAL ASCENDANCY OF INDIA IN MYRIAD WAYS

In the contemporary geopolitically fractious world, PM Modi has managed to elicit extraordinary support from the major global power players while deftly courting India's biggest adversaries.

5 mins

PUNJAB AND HARYANA HIGH COURT SAYS DISEASE ATTRIBUTABLE TO MILITARY SERVICE, UPHOLDS ENTITLEMENT TO DISABILITY PENSION: ARMY OFFICER SUFFERS HYPERTENSION DURING 17 YRS OF SERVICE

The Punjab and Haryana High Court in the case Union of India, UOI And Ors v. Dhiraj Kumar&Anr observed and has stated that an Army Officer who was being diagnosed with 'Stage-1 Hypertension (110)' during his service in the Armed Forces will be entitled to disability pension.

2 mins

DELHI HIGH COURT: PLEA FILED CHALLENGING DELHI WAQF BOARD'S 'SILENCE' ON ALLEGED ILLEGAL CONSTRUCTION ON GRAVEYARD

The Delhi High Court in the case Mohammad Mazhar Ahmed v. Govt Of NCT Of Delhi And Ors observed and has issued notice wherein the petition is filed challenging Delhi Waqf Board's 'silence' on alleged illegal construction on a graveyard situated at Idgah Road.

1 min

Delhi High Court issues notice to ED on The Quint's co-founder Raghav Bahl's plea to travel to USA

The Delhi High Court in the case Raghav Bahl V/S Enforcement Directorate Ministry Of Finance observed and has issued notice to the Enforcement Directorate, ED in relation to the application of The Quint's co-founder Raghav Bahl to travel to USA for the upcoming business meetings.

1 min

KERALA HIGH COURT DECLINES TO QUASH CASE AGAINST PUBLISHER, CHIEF EDITOR OF NEWSPAPER FOR DISCLOSING DETAILS OF SEXUAL OFFENCE VICTIM

The Kerala High Court in the case Fr. Joseph Kuzhinjalil v State of Kerala observed and has declined to quash proceedings initiated under section 228A of the Indian Penal Code, IPC, 1860 against the Printer and Publisher and Chief editor of Rashtra Deepika Publications, Kottayam to disclose the details of a victim of a sexual offence.

2 mins

AG to share sensitive information’ with Supreme Court on pending collegium resolutions

The Supreme Court in the case Harsh Vibhore Singhal v. Union Of India was informed by the Attorney General for India R Venkataramani that he wanted to share certain 'sensitive information' with regards to some of the recent collegium recommendations, which are pending with the Union Government.

2 mins

Allahabad High Court upholds Trial Court order: No error in calling for expert opinion on wife's mental health at stage of evidence

The Allahabad High Court in the case Pooja Gautam v. Neeraj Gautam observed and has upheld the order of the Trial Court while calling for expert opinion on the wife's mental health at the stage of evidence in divorce proceedings.

1 min

Who will be next Delhi CM? Sunita Kejriwal, Atishi among possible candidates

Chief Minister Arvind Kejriwal's unexpected announcement to resign after two days kicked up a strong buzz on Sunday over the names of his wife Sunita and his ministers Atishi and Gopal Rai as his possible replacement.

1 min

Kejriwal is master of political manoeuvring: BJP

Calling the resignation announcement of Delhi Chief Minister Arvind Kejriwal a \"drama,\" the Bharatiya Janata Party attacked the AAP chief and said that Arvind Kejriwal is a master of \"political manoeuvring,\" adding that he is deliberately talking about resignation to gain \"sympathy.

3 mins

Govt may have to tell EC reasons for demanding early polls: Experts

As Chief Minister Arvind Kejriwal pitches for early assembly polls in Delhi, experts on Sunday said the city government may have to write to the Election Commission giving reasons behind the demand.

1 min

AAP CALLS KEJRIWAL'S RESIGNATION A 'HISTORIC DAY' FOR INDIAN POLITICS

AAP leaders Saurabh Bharadwaj and Atishi convened a press conference on Sunday to talk about the announcement of Arvind Kejriwal to resign from the Chief Minister's post after two days.

1 min

FIRE BREAKS OUT AT SHOE FACTORY

A fire broke out at a shoe manufacturing factory on Lawrence Road Industrial Area in northwest Delhi on Sunday afternoon, officials of the Delhi Fire Services said.

1 min

Bhardwaj slams LG Saxena, Centre over rising crime in Delhi

Aam Aadmi Party leader (AAP) Minister Saurabh Bhardwaj expressed concern and outrage over the recent incidents of violence in Delhi, including the murder of a gym owner in Greater Kailash and a shooting in Geeta Colony that resulted in one fatality.

1 min

Police to deploy undercover cops at metro stations to enhance security

To combat rising crime rates and ensure the safety of passengers travelling in the Delhi Metro, the city police has implemented a new security strategy under which they will deploy officers in plain clothes at vulnerable metro stations during peak hours.

1 min

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The Business Guardian is a monthly business magazine published in India. It was launched in 2005 and is one of the most popular business magazines in the country. The magazine is known for its in-depth coverage of the Indian economy, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:

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