The Business Guardian - October 20, 2024

In this issue

October 20, 2024

RATE CUT WILL BE PREMATURE NOW: RBI

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

Piyush Goyal highlights India's transformation and vision for 2047

Union Commerce and Industry Minister Piyush Goyal, on Friday, emphasised India's remarkable transformation over the last decade and the country's journey towards becoming a developed nation by 2047.

1 min

Gold NBFCs will benefit from potential rate cuts and price-surge

Non-banking financial companies (NBFCs) which focus on gold loans are poised to gain from the dual tailwinds of rising gold prices and potential rate cuts in the near future, Jefferies said in a report.

1 min

Karva Chauth set to drive Rs 22,000 cr economic boost

Deeply rooted in Indian culture and spirituality, the festival of Karva Chauth has grown into a significant economic event, with an estimated Rs 22,000 crore worth of business anticipated in markets nationwide.

1 min

FM invites Mexican investors to explore opportunities in India

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on Saturday invited Mexican investors to explore opportunities in India's Global In-House Capability Centers (GICCs), aircraft leasing, ship leasing, and even foreign university setups at GIFT-IFSC, which is emerging as a global hub for reinsurance and sustainable finance.

1 min

Indian markets rebound from day's low led by metals and banking stocks

The stock market on Friday closed in the green, erasing the losses it made in the opening session.

1 min

Bency George appointed as India GCC Trade Council, Board of Directors

India GCC Trade Council today announced that Bency George, Director of the Indian Economic Trade Organization for corporate international relations has been appointed to the India GCC Trade Council board of directors.

1 min

TWO DECADES OF EXCELLENCE IN INFRASTRUCTURE WITH STRONG Q1FY25

Infra Engineering Limited was established in 2003 and is today a leading infrastructure development company with over two decades of expertise in the roads and highway sector. The company provides EPC services on a turnkey basis and HAM (Hybrid Annuity Model), excelling in civil construction and infrastructure projects. It has execution capabilities spanning across the country in the infrastructure development sector, seamlessly delivering excellence across diverse projects in roads, highways, railways, metro, and solar infrastructure.

2 mins

LOGISTICS COSTS TO DROP TO SINGLE-DIGIT: GADKARI

Union Minister for Road Transport and Highways, Mr. Nitin Gadkari, announced that India's logistics costs will reduce to single digits within the next two years, targeting a 9% rate.

1 min

Bajaj Auto earnings disappoint, stock drops 13% in Q2

Bajaj Auto, a leading two-wheeler manufacturer, reported lower-than-expected earnings for the quarter ending September 2024, causing its stock to drop more than 13%, hitting a low of ₹10,093 per share.

1 min

Festive season fails to boost two-wheeler market

The typically strong festive season has not delivered the expected boost for two-wheeler sales, according to Bajaj Auto management. Passenger vehicle sales have been slow in recent months, and while a good monsoon season and rural recovery offered hope, the Navratri period fell short of expectations.

1 min

DEWA grants first independent EV Charge Point Operator licences

Dubai Electricity and Water Authority (DEWA) has issued the first two Independent Charge Point Operator (CPO) licences for electric vehicle (EV) charging stations in Dubai to Tesla and UAEV. This milestone falls under DEWA's newly launched comprehensive Regulatory and Licensing Framework for the development and operation of EV charging infrastructure in the Emirate of Dubai.

1 min

Maruti Suzuki's plant becomes fastest to hit 1 cr production

Maruti Suzuki India Limited has reached a significant milestone, with the Manesar facility crossing the 1 crore cumulative production mark.

1 min

German envoy smashes coconut, ties 'nimbu-mirchi' to his new EV

German Ambassador to India, Philipp Ackermann switched to Electric Vehicle with sustainability in mind, and marked the occasion with Indian customs and rituals as he smashed a coconut and tied 'nimbu-mirchi' (lemon and chili) to his new car. The ritual is believed to ward off evil spirits.

1 min

CCPA DIRECTS OLA TO ALLOW CONSUMERS CHOICE OF REFUND METHOD

The Central Consumer Protection Authority (CCPA) has instructed Ola, to implement a consumer-friendly mechanism allowing customers to choose their preferred refund method.

1 min

What sets the general provident fund apart from other saving schemes

Saving is crucial for financial stability and security, especially when planning for the future. Regular savings create a financial cushion that can help you handle emergencies and achieve long-term goals such as buying a house, funding education, or enjoying a comfortable retirement.

2 mins

The unlikely heroes of India's electric vehicles revolution

Ten years ago, India's streets were filled with diesel-powered auto-rickshaws, contributing significantly to air pollution. Battery-powered rickshaws were scarce, with just 12 sold nationwide in 2014, often seen as a novelty rather than a serious alternative.

2 mins

JHARKHAND HC ASKS ED TO FILE REPLY TO BAIL PLEA BY PUJA SINGHAL

The Jharkhand High Court has instructed the Enforcement Directorate to respond to a bail application filed by former IAS officer Puja Singhal, who was arrested in May 2022.

1 min

Court grants pre-arrest bail to suspended Chhattisgarh cop

The sessions court in Mumbai has recently granted anticipatory bail to a Chhattisgarh policeman in a Mahadev online betting app-related case being probed by Mumbai Police.

1 min

FROM BLINDFOLDED SYMBOL TO A NEW ERA OF LEGAL IDENTITY

The statue of a blindfolded woman, known as Lady Justice, has long been a powerful symbol in our collective consciousness, representing the ideal that the law is impartial.

1 min

Rouse Avenue Court grants bail to Satyendar Jain

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

1 min

Delhi High Court orders inspection of washrooms in district courts

The Delhi High Court on Saturday has mandated an inspection of washroom facilities across all district courts in the city to assess hygiene, functionality, and safety.

1 min

PANEL SUBMITS FINAL UCC REPORT TO CHIEF MINISTER DHAMI

A 9-member panel on the Uniform Civil Code has submitted its final report to Uttarakhand Chief Minister Pushkar Singh Dhami at the secretariat.

1 min

Since becoming CJI, have tried to make SC a people's court: CJI

Chief Justice of India DY Chandrachud emphasized the vital role of Bar Associations, particularly the Supreme Court Advocates on Record Association (SCAORA), in bridging the gap between the judiciary and stakeholders during his address at the inaugural SCAORA International Legal Conference.

1 min

GUJARAT HC PERMITS NARAYAN SAI TO VISIT FATHER ASARAM

Concerns have been raised regarding the deteriorating health of Asaram Bapu, who is currently incarcerated in Jodhpur Central Jail.

1 min

AI DOMINATES INDIA MOBILE CONGRESS 2024

Artificial Intelligence (AI) stood out as a key flavour of the season at India Mobile Congress 2024, as a diverse spectrum of tech and telecom companies, including startups and educational institutes, showcased over 900 technology use case scenarios, including 750 AI-based use cases during the 4-day forum in New Delhi.

1 min

Kaushalya Logistics starts operations at Amritsar depot

Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement players, has announced that operations at its depot in Amritsar, Punjab, have started on October 18, 2024.

1 min

Vedanta announces investments of Rs 1 lakh crore

Vedanta Limited has announced a new investment of Rs. 1 lakh crore to set up an alumina refinery and an aluminium plant in Odisha.

1 min

Kotak Mahindra Bank's Q2 FY25 profit soars 13 pc to Rs 5,044 crore

Kotak Mahindra Bank announced its financial results for the second quarter of the fiscal year 2024-25, showcasing a consolidated profit after tax (PAT) of Rs5,044 crore, a significant 13 per cent year-on-year (YoY) increase from Rs4,461 crore in the same period last year.

2 mins

Launch of pilot projects under National Green Hydrogen Mission

As part of National Green Hydrogen Mission, the Union Government has sanctioned three pilot projects for use of Hydrogen in steel production. Earlier the Ministry of New and Renewable Energy had issued guidelines for Implementation of Pilot projects in Steel Sector under this Mission.

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.
* Industry news and trends: The Business Guardian also covers the latest news and trends from different industries, such as technology, finance, healthcare, and manufacturing. This coverage helps readers to stay informed about the latest developments in their respective industries.
* Corporate news and profiles: The Business Guardian also features corporate news and profiles of leading companies in India. These profiles provide readers with insights into the strategies and operations of these companies.
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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.