The Business Guardian - November 10, 2024

In this issue

November 10, 2024

FPIs sold equities worth Rs 19,994 cr in 5 trading sessions in November

The Indian stock markets continue to feel the pressure from sustained selling by foreign portfolio investors (FPIs).

2 mins

FPI selling is one of the core challenges to India's growth: NSE

Amid sustained selling by foreign portfolio investors (FPIs) in the Indian stock markets, Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), expressed confidence in the resilience of India's growth story.

1 min

Nirmala Sitharaman reviews performance of 10 RRBs of Southern region

Union Finance and Corporate Minister Nirmala Sitharaman on Saturday reviewed the performance of 10 Regional Rural Banks (RRBs) of the Southern Region in Bengaluru.

2 mins

PUBLIC DIGITAL INFRA HELPS MICRO LEVEL PLAYERS: FM

India's approach to spreading digital infrastructure networks by the country's \"public money\" instead of choosing private players, unlike other countries, helped the micro-level players and businesses to grow, said Union Finance Minister Nirmala Sitharaman on Saturday.

1 min

India could benefit from re-orientation of global supply chain after Trump's victory

After the victory of Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China, says a report from Care Edge.

2 mins

Harsha Vardhan Agarwal is President-elect FICCI

The FICCI National Executive Committee Meeting (NECM) has announced Harsha Vardhan Agarwal as President-Elect of FICCI, one of India's key industry bodies.

1 min

Dollar's share of global reserves declines

Central banks around the world could continue expanding their gold reserves amid ongoing geopolitical uncertainties, as highlighted in a recent report by Quantum Mutual Fund.

1 min

FCI and state agencies procure 120.67 LMT paddy in Punjab

Food Corporation of India (FCI) and state agencies of Punjab have procured 120.67 lakh metric tonnes (LMT) of paddy in a total of 126.67 LMT of paddy arrived in the mandis of Punjab, an official release said.

1 min

20 MICRONS LTD SHOWS GROWTH POTENTIAL

TAKING STOCK | 20 Microns Ltd is a pioneering leader in the industrial minerals sector in India with over three decades of rich experience and expertise.

2 mins

Urban consumption likely to be hit by slowdown in bank credit growth

The recent slowdown in the bank credit growth, especially in personal loans, is likely to impact consumption in urban areas, says a report by Crisil.

1 min

WORLD OIL PRICES MAY HAVE HIT THE ROOF IF INDIA HAD NOT BOUGHT FROM RUSSIA

Union Minister Hardeep Singh Puri emphasized that global oil prices would have increased tremendously if India had not purchased oil from Russia.

1 min

Skoda to launch updated EV in India: Brand director Petr Janeba

Skoda Auto will roll out its electric vehicle in the Indian market in 2025.

2 mins

Honda 2w domestic sales surged 20 pc Y-o-Y in Oct

Honda Motorcycle & Scooter India registered robust sales growth in October, reporting a total of 5,97,711 units sold overall.

1 min

M&M Q2 profit jumps 35 pc, leads market in SUVs, LCVs and tractors

Mahindra & Mahindra Limited (M&M) reported growth in the second quarter of Financial Year (FY)25, with consolidated Profit After Tax (PAT) reaching Rs 3,171 crore, a 35 per cent year-on-year increase.

1 min

AUTO SALES IN OCTOBER UP 32% AMID FESTIVITIES

India's overall auto sales witnessed a strong 32 percent year-on-year (YoY) growth in October, with the two-wheeler segment leading the surge, according to a report by the Federation of Automobile Dealers Associations (FADA) released on Wednesday.

1 min

Tata Motors' consolidated profits fell 11 per cent in July-September

Automobile giant Tata Motors reported a consolidated net profit decline of 11.18 per cent to Rs 3,343 crore for the July-September 2024 quarter, according to the company's financial report released on Friday.

2 mins

SKODA LAUNCHES KYLAQ, TO COMPETE WITH BIG PLAYERS

Škoda on Wednesday launched its sub-4 metre SUV, the Kylaq, in a global premiere held in Mumbai.

1 min

WHY OVERREGULATING THE GIG ECONOMY WILL DO MORE HARM THAN GOOD

In a country struggling to create formal employment, gig platforms provide an essential source of income. While everyone hopes for better wages, imposing regulations like minimum wage could make it unviable for platforms to hire workers or scale. This, in turn, would limit opportunities for people like Sajid. Minimum wage laws could also discourage the growth of new platforms, just as excessive regulation has hampered the manufacturing sector in the past. The priority should be creating opportunities for people to earn a living, rather than introducing regulations that might ultimately reduce both job availability and platform sustainability.

3 mins

The future of AI policy in the United States under Trump 2.0

The 2024 election cycle has wrapped up and the United States is poised for a substantial policy shift, as President-elect Donald Trump is set to become the 47th president, with Republicans securing control of the Senate and potentially the House of Representatives as well.

4 mins

LANDMARK VERDICTS BY CJI CHANDRACHUD

DY. Chandrachud, who served as the 50th Chief Justice of India, retired from his post on Friday. Here isa snapshot of some of the most significant verdicts that he delivered.

1 min

Sabarimala Temple

On 28 September 2018, a 4:1 majority of the Supreme Court held that barring women of menstruating age from entering the Sabarimala temple was unconstitutional.

1 min

Same sex marriage not legal in India

LGBTQ COMMUNITY

1 min

WHAT CJI SAID

Not every resource owned by an individual can be considered a material resource of a community only because it meets the qualifier of material needs.

1 min

MANAGEMENT CHANGES BEFORE AIR INDIA-VISTARA MERGER'

A head of the Air India and Vistara merger scheduled on November 12, the Air India Group on Friday announced a number of management changes.

1 min

HealthEdge expands employer presence in India

HealthEdge, a visionary leader in the healthcare technology industry, proudly announces the opening of its new office in Bangalore.

1 min

HIT SIGNS MOU WITH GLOBAL CYBER UNIVERSITY

Hindustan Institute of Technology and Science (HITS) has strengthened its international ties by signing a renewed and extended MoU with the Global Cyber University (GCU) of South Korea.

1 min

India will develop complete solar manufacturing ecosystem in 4-5 years

India will develop the complete ecosystem of solar equipment manufacturing in the next four to five years compared to other countries which have taken over 20 years says Vineet Mittal, Founder and Chairman of Avaada Group.

1 min

SBI's net profits soar 28% in July-September quarter

SBI's net interest income rose 5.37 per cent to Rs 41,620 crore in the September quarter. Both quarters combined, it grew 5.54 per cent to Rs 82,745 crore.

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.
* Management and leadership: The Business Guardian also features articles on management and leadership. These articles help readers to develop their skills and knowledge in these areas.

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.