The Business Guardian - October 19, 2024

In this issue

October 19, 2024

ED raids MUDA office over land allotment scam

A 12-member Enforcement Directorate team raided the Mysuru Urban Development Authority (MUDA) office on Friday as part of an investigation into an alleged land allotment scam.

1 min

US sanctions Chinese firms for supplying Russian drones used in Ukraine

The United States on Thursday announced new sanctions targeting Chinese and Russian entities involved in the construction, design, and delivery of attack drones that are being used in the ongoing conflict in Ukraine.

1 min

India's consumer retail sector saw USD 3.1 billion in Q3 2024 deals: Grant Thornton

India's consumer retail sector is poised for continued growth as it saw 123 deals valued at USD 3.1 billion in the third quarter of 2024, driven by rapid expansion of quick commerce and direct-to-consumer brands, Grant Thornton said in its latest report.

2 mins

RBI MAY TARGET MORE NBFCS TO CURB SHADY LENDING PRACTICES: MORGAN STANLEY

RBI orders four NBFCs to stop new loans amid compliance concerns, with Morgan Stanley indicating more firms may be scrutinized.

2 mins

Export recovery seen in September, but trade outlook remains uncertain: Crisil

Despite signs of recovery in September's export growth, challenges such as container shortages and geopolitical uncertainties continue to pose risks, leaving the outlook for merchandise trade uncertain, according to a report by Crisil.

1 min

BJP awaits relief, says Shivraj Chouhan before Jharkhand polls

According to the current agreement, AJSU will contest 10 seats, JDU on 2 seats, LJP will contest the lone seat of Chatra, and BJP will contest the remaining 68 seats. “In Jharkhand, BJP, All Jharkhand Students Union (AJSU), Janata Dal (United) and Lok Janshakti Party (LJP) will contest the elections together.

1 min

BJP's Bawankule jabs: Uddhav has no support

Uddhav Thackeray has no one with him right now, Sharad Pawar has left him with nothing. Balasahab Thackeray had said once that if he would have to go to the residence of Congress, he would shut the party down.

2 mins

ARMY CHIEF GEN DWIVEDI VISITS JAPAN'S FUJI SCHOOL

Army Chief Gen Dwivedi Visits Japan's Fuji School, meets with Lieutenant General Yasuyuki Kodama

2 mins

UAE's 'President's Initiatives' greenlights water dams and canal projects

Following the directives of UAE President Sheikh Mohamed bin Zayed Al Nahyan and under the follow-up of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Executive Committee of the Initiatives of His Highness the President of the United Arab Emirates has approved a package of dams and water canals in various areas of the country.

1 min

Motorola's bestselling smartphones go on sale at Flipkart's Big Diwali Sale starting 21st October

Motorola, a global leader in mobile technology and innovation has announced massive festive discounts on its most popular smartphones making this a last chance to buy them at their lowest-ever prices.

1 min

Despite signs of export recovery in September, trade outlook remains uncertain: Crisil Report

Despite signs of recovery in September's export growth, challenges such as container shortages and geopolitical uncertainties continue to pose risks, leaving the outlook for merchandise trade uncertain, according to a report by Crisil.

1 min

TTK Prestige Elevates Venkatesh Vijayaraghavan to Managing Director

Under Venkatesh's leadership, the company is poised for continued growth, driven by a strong focus on consumer delight and category-leading innovation. The development also reflects the company's renewed focus on bringing on board senior leadership to drive innovation, operational efficiency, and sustained growth.

1 min

REAL ESTATE EMERGED AS THE MOST PREFERRED INVESTMENT OPTION: FICCI-ANAROCK SURVEY

Despite all-time high markets and high double-digit returns in mutual funds, report by FICCI-ANAROCK, reveals that 59 per cent of respondents choose real estate as the most preferred investment option.

2 mins

IYDF and Vaibhav Laxmi Enterprises Bring Care and Joy to Navjeevan School Children in Jaipur

The International Youth Development Foundation (IYDF), in partnership with Vaibhav Laxmi Enterprises, organized a heartwarming charity event at Navjeevan Secondary School. Led by Devendra Singh, a dedicated team of volunteers, including Praveen Tanwar, Amit Sharma, Kavita Bheiwa, Rishabh Mishra, and Kamal Bagda, came together to provide learning materials and engage in lively activities with 25 local children, spreading warmth and joy throughout the day.

2 mins

IYDF and Vaibhav Laxmi Enterprises Bring Care and Joy to Navjeevan School Children in Jaipur

The International Youth Development Foundation (IYDF), in partnership with Vaibhav Laxmi Enterprises, organized a heartwarming charity event at Navjeevan Secondary School.

2 mins

Mohanji honored with Humanitarian Award at 2024 Conscious Companies Awards

Mohanji, renowned humanitarian and spiritual leader, was honored with a special recognition for his global humanitarian leadership at the 9th Conscious Companies Awards held on September 19, 2024, in Johannesburg, South Africa.

1 min

RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley

As Reserve Bank of India (RBI) on Thursday sought action against four Non Banking Financial Companies asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.

1 min

India ranks second in generative AI adoption: Report

India is rapidly adopting Generative AI (GenAI) platforms, emerging as a global leader in several use cases, second only to the United States, highlighted a report 'Gen AI in consumer applications' by SimilarWeb (L3M).

1 min

RATE CUT AT THIS STAGE WILL BE PREMATURE AND VERY VERY RISKY, SAYS RBI GUV

The Reserve Bank of India's (RBI) Governor Shaktikanta Das on Friday said that interest rate cut at this stage will be 'premature, and very, very risky'.

2 mins

"'Har Ghar Jal' scheme boosts female workforce in agriculture and allied activities: SBI report

The government's 'Har Ghar Jal' initiative has resulted in nearly 9 crore women moving away from the chore of fetching water on a daily basis and entering the workforce, highlighted a report by the State Bank of India (SBI).

1 min

"'Real Estate emerged as the most preferred investment option'

Despite all-time high markets and high double-digit returns in mutual funds, report by FICCI-ANAROCK, reveals that 59 per cent of respondents choose real estate as the most preferred investment option.

1 min

Govt slashes TDS default charges to 1.5%

The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.

1 min

FM Invites Mexican Firms to Partner with Startups, Academia

Finance Minister Nirmala Sitharaman on Thursday urged Mexican firms to explore collaborations with startups as well as academic institutions and take advantage of India's business-friendly policies.

1 min

Adani foundation donates Rs 100 cr for Telangana's Skills University

Adani Group through its CSR arm Adani Foundation has handed over a donation cheque of Rs 100 crore to Telangana for its Young India Skills University, Telangana CMO said in a post on social media platform X on Friday.

1 min

REIMAGINING JUSTICE: THE TRANSFORMATION OF LADY JUSTICE IN THE INDIAN LEGAL FRAMEWORK

The white colour of the new Lady Justice statue is also significant, representing purity, impartiality, and fairness.

4 mins

SCO: Indian perspective and challenges ahead

The 23rd meeting of the councils of the head of the Government of Shanghai cooperation organisation was held in Islamabad from 15 to 16th October 2024 under the presidency of the host country Pakistan.

4 mins

KHURANA, THE BJP LEADER WHO WAS LET DOWN BY CENTRAL LEADERSHIP

Former Delhi Chief Minister Madan Lal Khurana was without doubt the top most BJP leader from the capital who was instrumental in building the party in the city.

3 mins

INDIA AMONG FIVE COUNTRIES WITH LARGEST NUMBER OF PEOPLE

India has 234 million people living in poverty, which is medium Human Development Index, placing the country among five globally with the largest number of people living in poverty.

1 min

UP: PWD issues demolition notice for Bahraich violence accused over illegal construction

The recent encounter in Bahraich, Uttar Pradesh, has sparked a heated debate between the Bharatiya Janata Party (BJP) and the opposition.

1 min

UPSC postpones Engineering Services Exam-2025

The Union Public Service Commission on Friday postponed the Engineering Services Examination-2025 to give \"sufficient time\" to the aspirants to prepare for the recruitment test, according to an official statement.

1 min

SC urges Parliament to ban child betrothals, cites rights violation

A bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra said child betrothal takes away from them their choice of partner and life paths before they mature and form the ability to assert their agency.

1 min

Over 400 policemen fined for ticketless travel between GZB-Kanpur

Shashi Kant Tripathi, Chief Public Relations Officer, North Central Railway, said the Indian Railways regularly conducts drives to check unauthorised travellers.

1 min

VK Saxena defamation case: Delhi court adjourns hearing Medha Patkar's appeal after part arguments

Delhi's Saket Court on Friday adjourned the hearing on an appeal filed by social activist Medha Patkar after hearing her counsel's part arguements.

1 min

"'Congress an ally but...': Sanjay Raut on seat-sharing challenges within I.N.D.I.A. bloc

In preparation for the Maharashtra Assembly Elections on November 20, Shiv Sena (UBT) MP Sanjay Raut announced on Friday that he plans to discuss seat-sharing arrangements with Rahul Gandhi for the Maha Vikas Aghadi alliance and noted that there were many seats on which decisions remained pending.

1 min

SC: IN MOTOR ACCIDENT CLAIMS, PREPONDERANCE OF PROBABILITIES MUST BE APPLIED; NOT PROOF BEYOND REASONABLE DOUBT

The Supreme Court in the case Sajeena Ikhbal & Ors. Versus Mini Babu George & Ors observed that in the cases of motor accident, the court must apply the principle of preponderance of probability and cannot apply the test of proof beyond reasonable doubt.

2 mins

Allahabad High Court Denies Bail To Man Accused Of Damaging Lord Shiva Idols: Cannot Let Such Offences Flourish In Society

The Allahabad High Court in the case Shahrukh vs. State Of UP observed and has denied bail to a man who is being accused of destroying the idols of Lord Shiva and Goddess Parvati and attempting to kill the priest of a Temple in the Bareilly district of the state.

2 mins

Supreme Court To Consider: Whether Adjudicating Authority Under PMLA

The Supreme Court in the case The Joint Director versus Eastern Institute For Integrated Learning In Management University observed wherein the Division bench passed an order directing that 6 cases, where the issue is raised as to whether Adjudicating Authority under Prevention of Money Laundering Act, PMLA ought to have one Judicial Member, be placed before the Chief Justice of India so that they can be listed before one Bench.

1 min

SC Recalls Its Judgement Which Struck Down Section 3 And Section 5 Of Benami Transactions (Prohibition) Act 1988

The Supreme Court in the case Union of India v. Ganpati Dealcom Pvt Ltd recalled its 2022 judgement wherein the court struck down Section 3(2) and Section 5 of the Benami Transactions (Prohibition) Act 1988 as unconstitutional.

2 mins

Supreme Court Dismissed Karnataka's Plea Against Anticipatory Bail Granted To Bhavani Revanna In Kidnapping Case

The Supreme Court in the case State of Karnataka v. Bhavani Revanna observed and has dismissed the petition filed by Karnataka challenging the grant of anticipatory bail to Bhavani Revanna in a case involving allegations of kidnapping of a woman.

2 mins

Punjab And Haryana High Court Imposed Rs10K Cost On District Judge For Using 'Pick And Choose Policy' To Deny Benefit To Clerk

The Punjab and Haryana High Court in the case Munish Gautam v. State of Punjab and others observed and has imposed the cost for an amount of Rs.10,000 on a District and Sessions judge for adopting a 'pick and choose policy' in denying the benefit of 2nd Assured Career Progression, ACP to a clerk posted in his Court.

2 mins

DELHI'S AIR QUALITY INDEX CROSSES 300, GOVT ORDERS PROBE

Delhi Environment Minister Gopal Rai on Friday said that the air quality is deteriorating as winter approaches the national capital. The highest AQI was reported in Wazirpur.

2 mins

Opposition blames Kejriwal for worsening air and water crisis

The opposition criticized the Aam Aadmi Party, led by Arvind Kejriwal, for the worsening conditions in Delhi. Both the BJP and Congress held Kejriwal's government accountable for the city's poor air and water quality.

2 mins

DMRC urges public transport to cut congestion, pollution

The Delhi Metro Rail Corporation (DMRC) on Friday urged the public to embrace public transport to alleviate road congestion as well as to minimise air pollution during the upcoming festive season.

1 min

Court grants bail to Satyendar Jain in PMLA case

The Rouse Avenue Court on Friday granted bail to Aam Aadmi Party (AAP) leader and former Delhi cabinet minister Satyendar Jain in a money laundering case.

1 min

DELHI'S AIR QUALITY INDEX CROSSES 300, GOVT ORDERS PROBE

Due to the negligence of Kejriwal's administration, which is entangled in power struggles & corruption, Delhi is grappling with severe pollution. -BJP

4 mins

2 dead, 4 injured in Bholanath Nagar fire

\"All the injured and deceased persons are members of the same family. The deceased seems to have died due to asphyxia. The FSL team has been called to the spot,” said DCP Shahdara

1 min

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The Business Guardian Newspaper Description:

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:

* Economic news and analysis: The Business Guardian covers the latest economic news and trends from India and around the world. The magazine also provides in-depth analysis of the Indian economy, as well as its impact on businesses and individuals.
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The Business Guardian is a valuable resource for anyone who is interested in business in India. It is a must-read for anyone who is looking to stay informed about the latest economic and business trends in the country, or who is looking for insights from leading experts in the field.