The Business Guardian - November 07, 2024

In this issue

November 07, 2024

CM Dhami Inaugurates 'Uttarakhand Niwas' in Delhi

Uttarakhand Chief Minister Pushkar Singh Dhami inaugurated a new state guest house, \"Uttarakhand Niwas,\" in New Delhi, celebrating it as a significant symbol of the state's culture and architectural heritage.

3 mins

Government subsidies May Affect GDP Growth: RBI Governor

RBI Governor Shaktikanta Das said on Wednesday that capital expenditure spending of the centre and states are picking up but high subsidy outgo is a concern.

1 min

Haryana CM Saini pledges swift development in constituency

The people of Haryana will get the benefit of it. We will take Haryana towards progress in swift manner under the leadership of PM Narendra Modi,\" he added.

1 min

Cabinet approves Vidyalaxmi Scheme for easy education loans

Union Cabinet has approved a new scheme PM Vidyalaxmi, targeting middle-class students who wish to get admission into higher educational institutions but face financial constraints.

1 min

INDIAN STOCKS SURGE AS SENSEX SOARS 901 POINTS AMID TRUMP'S VICTORY

Domestic stock markets surged on Wednesday, buoyed by positive investor sentiment following the projected victory of Republican candidate Donald Trump in the US presidential elections.

2 mins

Delhi court discharges rape accused over WhatsApp Chats, FIR delay

A Delhi Court has recently discharged an accused in a rape case, ruling that the evidence, particularly WhatsApp chats exchanged before and after the alleged incident, contradicted the prosecution's claims.

1 min

CABINET APPROVES RS 10,700 CRORE EQUITY INFUSION FOR FCI

Rs 10,700 Crore equity boost for FCI and introduced the PM Vidyalaxmi scheme to aid middle-class students in higher education. \"The infusion of Equity is a significant step towards enhancing the operational capabilities of FCI in fulfilling its mandate effectively. FCI resorts to short term borrowings to match the gap of fund requirement. This infusion will help to lower the interest burden and will ultimately reduce the subsidy of Government of India,\" said the government.

1 min

IIM Calcutta, talent sprint launch green economy executive program

TalentSprint, a leading global education company powered by AI, has teamed up with IIM Calcutta, India's 1st IIM and a premier management institute, to offer advanced executive education programs tailored for working professionals.

1 min

Redefining Vision: How IndoAI Edge AI Cameras Revolutionize Security and Image Quality

Technology never takes a nap—it's always buzzing with new ideas, expanding horizons, and discovering the uncharted.

2 mins

Airtel connects Galwan and Daulat Beg Oldie (BDO) along LAC

In a major boost for connectivity in the most challenging terrains of the Ladakh region, telecom major Bharti Airtel has installed mobile towers in Galwan and Daulat Beg Oldie (DBO), two remote and strategically significant areas of India, located along the Indo-China border.

1 min

Network 18's Moneycontrol hits 10 crore visitors in October

Moneycontrol, India's leading digital financial platform, has achieved the remarkable milestone of surpassing 10 crore (100 million) unique visitors in October 2024, according to data from Google.

1 min

NAREDCO Maharashtra NextGen announces Excelerate 3.0

The National Real Estate Development Council (NAREDCO) Maharashtra NextGen is excited to unveil the third edition of its flagship annual event, Excelerate 3.0, scheduled for 14th November 2024 at Hotel Sahara Star, Mumbai.

1 min

FCF India is pleased to announce a strategic pre-financing partnership with Asvata, a company under the RPG Group

\"Our investment and partnership in the Rangsang Project reflect our broader strategy of supporting sustainability initiatives that drive long-term value for both the environment and society,\" said Navin Mathur, Chief Operating Officer, Asvata

1 min

Pravin Saraf joins Exide as Senior President & Head of Operations

Exide Industries is pleased to announce the appointment of Pravin Saraf as Senior President & Head of Operations.

1 min

Skoda launches Kylaq, to compete with Brezza, Tata Nexon

The SUV will compete with models like the Maruti Brezza, Tata Nexon, Hyundai Venue and Kia Sonet.

1 min

Truecaller SDK breaks new ground with over 7 billion+ sign-up requests

Truecaller continues to redefine mobile-first technology through its ground-breaking Truecaller SDK, the industry's leading solution for phone number-based seamless user verification.

2 mins

SpiceJet announces eight new flights

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

1 min

MAGIC to empower manufacturing startups

The Startup India Manufacturing Incubator Initiative has selected the Marathwada Accelerator for Growth and Incubation Council (MAGIC) as a significant step to strengthen the manufacturing startup ecosystem.

1 min

Gold loses some glitter

Gold prices fell by Rs 150 to Rs 81,150 per 10 grams in the national capital on Wednesday in line with weak global trends, according to the All India Sarafa Association. Subdued demand from jewellers and retailers also impacted the prices, the association said.

1 min

India, ADB sign $200 mn loan for Uttarakhand revamp

The Government of India and the Asian Development Bank (ADB) signed a USD 200 million loan on Wednesday to upgrade water supply, sanitation, urban mobility, and other urban services in Uttarakhand, the Ministry of Finance announced.

1 min

Dollar gains strength, rupee falls to all-time low of 84.25

Amid the rising possibility of Donald Trump returning to White House, the dollar on Wednesday strengthened while the Indian rupee hit all-time low of 84.25 against US dollar.

1 min

STOCKS RALLY AS TRUMP'S WIN BOOSTS SENTIMENT

All NSEsectoral indices closed in green, with Nifty Midcap 100 and Smallcap100upover2 ledbya3.99 Nifty IT surge.

1 min

SCREAMS OF DARKNESS BENEATH LIGHT!

A terrifying scene of war, shadow of death all over, and everyone playing their own tune

3 mins

RESILIENT TRUMP BECOMES THE 47TH PRESIDENT OF THE US

In the end, it was hardly a contest. Democratic party candidate, US Vice President Kamala Harris held on to the blue states but let Donald Trump sweep all the swing states, which sealed her fate and sunk the Democratic party, which not only lost the presidency, but also the Senate to the Republican Party.

3 mins

PM-Vidyalaxmi: Yet another Modi ki guarantee for learners

The scheme will also provide for 3% interest subvention on loans up to Rs 10 lakh during moratorium period for those students having annual family income of Rs. 8.00 lakhs.

4 mins

TRUMP AND INDIA

Trump’s re-election brings India both opportunities and challenges, requiring strategic, economic, diplomatic, and cultural adjustments to strengthen India-U.S. relations.

4 mins

Supreme Court holds prior sanction mandatory to prosecute public servants for money laundering: Section 197 of CrPC

The Supreme Court in the case Directorate of Enforcement Etc. v. Bibhu Prasad Acharya Etc. Etc. observed and has held that section 197(1) of the Code of Criminal Procedure, CrPC, which provides that prior sanction from the government is required to prosecute public servants and judges for offences which are alleged while discharging public duties, will apply to cases under the Prevention of Money Laundering Act.

1 min

High Court directs Punjab and Haryana to issue SOP on timely testing of forensic evidence in FSL

The Punjab and Haryana High Court in the case Kuldeep Singh Versus The State of Haryana observed and has issued a set of directions to the Government of Punjab and Haryana to ensure expeditious Forensic Science Laboratory (FSL) reports of incriminatory evidence.

1 min

Punjab and Haryana High Court: Father not absolved from providing maintenance for child even if mother is working

The Punjab and Haryana High Court in the case X v Y observed that even if mother is working and is earning sufficiently, it would not automatically mean that the father is absolved of his responsibility in order to provide sustenance for his children.

2 mins

Supreme Court lays down steps to be followed by authorities before clearing encroachments for road-widening

The Supreme Court in the case In Re Manoj Tibrewal Akash observed and has expressed discontent over the 'high-handed' approach of the Uttar Pradesh Government in illegally demolishing houses, the court laid down the measures which needs to be followed by state authorities for clearing areas in road widening projects.

2 mins

Delhi High Court restrains Alpino Health Foods from publishing advertisements 'disparaging' oats

The Delhi High Court in the case Marico Limited v. Alpino Health Foods Private Limited observed and has restrained Alpino Health Foods Private Limited, which being a Bengaluru-based brand, from publishing or sharing its advertisements disparaging 'Oats' as a category of foods, either on social media or otherwise.

1 min

RAHUL GANDHI CITIZENSHIP ROW: ALLAHABAD HIGH COURT PETITIONER APPEARS BEFORE DELHI HIGH COURT, CLAIMS CBI IS INVESTIGATING THE ISSUE

The Delhi High Court in the case Subramanian Swamy v. Union of India & Anr observed and has informed that investigation by Central Bureau of Investigation, CBI has been initiated over a Public Interest Litigation, PIL filed in the Allahabad High Court against the alleged British citizenship of Congress leader Rahul Gandhi.

3 mins

PWDs should be encouraged to fight elections

Delhi Assembly Speaker Ram Niwas Goel, who is participating in the 67th Commonwealth Parliamentary Conference in Australia, said persons with disability should be encouraged to fight elections, a statement said on Wednesday.

1 min

Govt launches patrol teams to combat industrial pollution

The Aam Aadmi Party (AAP)-led Delhi government is taking extensive measures to combat pollution in the national capital.

1 min

HC DENIES PERMISSION TO PERFORM CHHATH PUJA AT YAMUNA BANKS

The court said due to unauthorised construction at the river banks, water was not being allowed to stroll into Yamuna.

2 mins

'Ban on Chhath Puja at Yamuna exposes Atishi govt's failures'

The Delhi Congress has criticized the Aam Aadmi Party (AAP)-led Delhi government over the worsening condition of the Yamuna River.

1 min

CBSE revokes affiliation of 16 Delhi schools

The Central Board of Secondary Education has withdrawn affiliation of 21 schools in Rajasthan and Delhi due to significant numbers of non-attending students from classes IX-XII.

1 min

BJP attacks AAP over pollution, accuses party of 'anti-Sanatan mindset'

BJP spokesperson Shehzad Poonawalla on Wednesday attacked Aam Aadmi Party over the pollution levels in the national capital and River Yamuna, accusing the party of being a 'liar' and having an 'anti-Sanatan mindset'.

1 min

Court discharges rape accused over WhatsApp chats, delay

A Delhi Court has recently discharged an accused in a rape case, ruling that the evidence, particularly WhatsApp chats exchanged before and after the alleged incident, contradicted the prosecution's claims.

1 min

Grocery store, car workshop shot at in Delhi; 4th firing incident in 48 hrs

Two firing incidents were reported in Delhi's Paschim Vihar and Dwarka on Wednesday where some men opened fire at a grocery store and a car workshop, police said.

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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