The Business Guardian - October 03, 2024

In this issue

October 03, 2024

India To Become $1 Trillion Digital Economy By 2028

India is on track to become a $1 trillion digital economy by 2028, driven by government initiatives, widespread internet access, and rapid adoption of 4G and 5G technologies.

2 mins

PM Modi unveils Rs 83,000 cr development projects in Jharkhand

HAZARIBAGH Prime Minister Narendra Modi on Wednesday laid the foundation stone, inaugurated and launched various projects worth over Rs 83,300 crore in Jharkhand's Hazaribagh on Wednesday afternoon.

2 mins

RBI expected to hold rates in oct 9 policy: BoB Report

NEW DELHI The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BOB).

1 min

Raveena Says Govinda is recovering after Hospital visit

Actor Raveena Tandon on Wednesday afternoon visited Crit Care Hospital in Mumbai to meet with her 'Akhiyon Se Goli Maare' co-star Govinda, who underwent emergency surgery following an accidental self-inflicted gunshot wound in the leg.

1 min

Isha Foundation Clarifies: No Marriage Or Monkhood Obligation

The Isha Foundation, founded by Sadhguru to promote yoga and spirituality, has issued a statement regarding ongoing legal matters surrounding its ashram.

1 min

Khadi symbolizes self- Reliance: Hardeep Singh Puri on Gandhi Jayanti

NEW DELHI Union Minister Hardeep Singh Puri and his wife, former UN Assistant Secretary-General and author Lakshmi M Puri, visited a Khadi store on the occasion of Gandhi Jayanti on Wednesday.

1 min

INDIA RECEIVES 8% MORE MONSOON RAIN, BOOSTING AGRICULTURAL ECONOMY

India's monsoon season saw record rains, benefiting Kharif crop sowing and boosting prospects for Rabi crops, with rainfall at 108% of the long period average.

2 mins

QVC Exports Limited announces CRISIL rating to unveil its growth in industry landscape

QVC Exports Limited has been assigned with CRISIL ratings to the bank facilities of the company.

1 min

BEEJA HOUSE LAUNCHES 100-BOOK FORUM SERIES ON CLIMATE RESILIENCE

This is the first book in the FORUM series of 100 books.

2 mins

CRISIL removes IIFL Finance from 'Rating Watch with Developing Implications₹

IIFL Finance, which is one of India's largest non-banking financial companies, today said that leading rating agency CRISIL has removed IIFL Finance from 'Rating Watch with Developing Implications' and has reaffirmed the rating at 'CRISIL AA/CRISIL AA-/CRISIL PPMLD AA' while assigning a 'Stable' outlook.

1 min

XPEL expands presence in India with acquisition of Uniprotect Ventures LLP

XPEL Inc. (NASDAQ: XPEL), a global provider of protective films and coatings has announced the acquisition of Uniprotect Ventures LLP by its wholly owned subsidiary, XPEL India Private Limited.

1 min

BRICS Urban future forum attracts 13,000 attendees from 30+ countries

Cloud City BRICS Urban Future Forum wrapped up in Moscow, where experts gathered recently in September to discuss the future of sustainable development in megacities within the member countries.

2 mins

ITS India unveils 10 Tech solutions for safer, greener transport

ITS India, a leading nonprofit think tank dedicated to promoting Intelligent Transportation Systems (ITS) and facilitating the building of a robust ecosystem in India, successfully conducted its inaugural \"Annual General Meeting\" (AGM) and Annual Technical Summit on \"Emerging Technologies in ITS\" in a hybrid format at CSOI KG Marg, New Delhi.

2 mins

CAIT calls for ban on festive e-commerce sales

Citing the CCI findings, that the cash burn strategies and collusive partnerships of the e-commerce platform enable them to monopolise markets by forming exclusive alliances with OEMs and banks.

2 mins

DIGITAL ECONOMY SET TO HIT $1 TRILLION BY 2028: REPORT

Government initiatives like PMJDY and the DBT schemes have helped in universal access and enhanced financial inclusion in the country.

1 min

RBI to hold rates amid inflation caution, growth outlook

The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BOB).

1 min

Rice exports surge as trade barriers lifted

Rice prices have shown signs of uptrend, after India removed restrictions on exports and opened new business avenue for exporters.

1 min

India: Growing opportunity for global startups in 2024

India's startup ecosystem in 2024 is a thriving landscape that global entrepreneurs should seriously consider.

1 min

NBFCs turn to bonds amid bank loan crunch

Malvika Bhotika, Director, of CRISIL Ratings, said, \"While banks will remain the dominant funding source for NBFCs, the bond market will gain market share over the near to medium term.\" وو

1 min

Monsoon hits four-year high, boosting Kharif crops

Southwest monsoon rains in India hit four years high this season, experiencing about 108 per cent of the long period average at 934.8 mm, data made available by state-run weather bureau India Meteorological Department showed.

1 min

BRICS+ economies better positioned for future crises: EY Report

According to International Monetary Fund (IMF) projections, the GT's share is expected to drop further to 42.4 per cent by 2029.

2 mins

SHIFTING THE FOCUS: BEYOND HIGH-PROFILE CASES, A BROADER CRISIS OF ABUSE

The recent rape and murder of a young doctor in Kolkata has once again ignited national outrage, as protests and demands for justice sweep across India.

3 mins

The Influence of Gandhian Philosophy on the Indian Constitution: A legacy of Justice, Equality and Self Governance

Gandhi's commitment to non-violence is indirectly inculcated in the Fundamental Rights guaranteed by the Constitution. Right to life and personal liberty asserts Article 21, providing sanctity to life as belief by Gandhi that everybody has dignity no matter his or her position in life.

5 mins

Supreme Court Seeks Personal Presence Of Telangana DGP In View Of 'Disconnect Between Prosecution

The Supreme Court in the case Vatti Janaiah vs. State Of Telangana observed and has expressed surprise over lack of communication between the prosecution and the counsel appearing for Telangana Government over the date of filling the chargesheets in a criminal cases.

1 min

ALLAHABAD HIGH COURT: SECTION 3(3) OF INTEREST ACT, 1978 INTEREST PAYABLE ONLY ON PRINCIPAL SUM NOT ON INTEREST AWARDED BY COURT

The court in the case observed that Section 34 of the CPC provided maximum interest as 12% per annum on the principal sum. Perusing Section 3(3) of the 1978 Act, the bench headed by Justice Chandra Kumar Rai in the case held that 'interest is payable on the principal sum and not on interest part of the award.'

2 mins

Supreme Court Asks Special Court To Decide Bail Plea Of TMC's Kuntal Ghosh In 10 Days

The Supreme Court in the case Kuntal Gosh Versus Enforcement Directorate (Kolkata Zone) observed and has directed a West Bengal Special Court to hear and decide in 10 days Trinamool Congress youth leader Kuntal Ghosh's bail petition in a money laundering case arising out of the alleged cash-for-jobs scam in West Bengal.

1 min

Supreme Court Slams NCPRC For Filing Petition Seeking 'Vague & Omnibus' Directions Against Missionary Organisations: 'Strange'

The court stated that, 'this court finds that the reliefs sought are, in the first place, vague and omnibus and therefore, can neither be entertained nor the said reliefs be considered. The writ petition is hence, liable to be dismissed.'

2 mins

Supreme Court Suggests: Better That State Transport Corporations Avail Third-Party Insurance

The Supreme Court in the case Bajaj Allianz General Insurance Company Private Ltd vs Union of India, UOI & Ors observed and has suggested the State Governments that the State Public Transport Corporations avail third-party insurance coverage to ensure that victims of the accidents caused by the State buses get timely compensation as per the Motor Vehicles Act.

1 min

Supreme Court Agrees To Hear Challenge To Centre's Circular Treating OCIs As NRIs For Admissions

The Supreme Court in the case Aranav Bhargav Vs.The Baba Farid University Of Health Sciences, Faridkot Through Its Registrar observed and has agreed to consider the petition filed by an Overseas Citizen of India, OCI who has challenged government circular treating OCIs to be NRIs for the purposes of admissions in medical and engineering courses.

2 mins

Prohibitory order challenged in SC

NEW DELHI A plea has been moved in the Supreme Court challenging the Delhi Police Prohibitory Order banning assembly of five or more people from September 30 to October 5, saying that it will affect footfall during Dussehra and Navratri festivals.

1 min

Sonam Wangchuk, others taken to Rajghat by police

Wangchuk, who was leading 'Delhi Chalo Padyatra', had gone on an indefinite fast after he was detained by the Delhi Police on Monday.

1 min

'What kind of dictatorship is this? Atish on prohibitory order during festivals

Atishi said that a lot of gatherings take place during the festive season, and imposing prohibitory orders at this time will hurt the religious sentiments of the people.

2 mins

Police register rape case against man after woman's complaint in Safdarjung

A case of alleged rape has been reported at the Safdarjung Enclave Police Station after a 55-year-old woman filed a complaint against a man named Sunil, aged 35.

1 min

Govt launches special discount on Motor Vehicle Tax

The Delhi government, led by Atishi Singh, made a significant policy decision on Wednesday, October 2, 2024, announcing a special scheme that offers discounts on Motor Vehicle Tax.

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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