The Business Guardian - November 13, 2024

In this issue

November 13, 2024

EU, BELGIAN, DANISH, AND GERMAN ENVOYS VISIT ADANI SITES

Gautam Adani hosted envoys from the EU, Belgium, Denmark, and Germany at Adani Group's renewable energy and industrial hubs in Gujarat.

1 min

Google.org Grants USD 1M to Karya

Google.org has awarded a USD 1 million grant to Karya, a non-profit organization that empowers low-income communities with AI-driven earning and learning opportunities.

2 mins

India's IT spending to hit USD 160B by 2025: Gartner

Information technology (IT) related spending in India is projected to reach a total of USD 160 billion in 2025, an increase of 11.2 percent from 2024, fueled by expansion in both application and infrastructure software markets, according to the latest forecast by Gartner, Inc.

2 mins

Scindia: Relief on Bank Guarantees to Cover All Sectors

Again in July 2022, the government approved a revival package of Rs 1.64 lakh crore for BSNL. This package includes fresh capital to upgrade BSNL services, Spectrum allocation, De-stressing the balance sheet of BSNL, and merging Bharat Broadband Nigam Limited (BBNL) with BSNL to increase its fiber network.

1 min

PCB Asks ICC Why India won't Visit Pakistan for 2025 Champions trophy

The Pakistan Cricket Board (PCB) has written to the International Cricket Council (ICC) seeking reasons behind India's refusal to travel to Pakistan to play the ICC Champions Trophy next year, Geo News reported on Tuesday.

1 min

China showcases advanced military technology at the Zhuhai Air Show

The extraordinary energy and innovation of China's military-industrial complex show few signs of waning, if exhibits at this year's spectacular Zhuhai Air Show in southern China, not far from Hong Kong, are anything to go by.

2 mins

Public Sector banks report strong performance in the first half of FY25

The Public Sector Banks (PSBs) reported a robust performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year (YoY) growth, the Ministry of Finance said on Tuesday.

1 min

Saudi Arabia's Foreign Minister scheduled to visit Delhi today

Minister of Foreign Affairs of the Kingdom of Saudi Arabia Faisal bin Farhan Al Saud will pay an official visit to India from November 12-13, a statement by the Ministry of External Affairs said.

2 mins

UNION RELEASES XV FINANCE COMMISSION GRANTS FOR KERALA, MEGHALAYA

The Union Government has disbursed XV Finance Commission grants to strengthen rural local bodies in Kerala and Meghalaya for the fiscal year 2024-25.

1 min

Pfizer to expand manufacturing and R&D capacities

Pfizer Limited is expanding its manufacturing capacity and focusing on research and development, said Meenakshi Nevatia, Managing Director of Pfizer Limited on Tuesday.

2 mins

SCREENXX 2024: Key Players from India's OTT Sector Gather in Mumbai

SCREENXX, India's premier event for the OTT and video content creation industry, returns for its 6th edition, bringing a unique convergence of industry leaders, creators, and innovators to the Novotel Mumbai International Airport.

2 mins

Oizom Unveils Pollusense, Setting a New Benchmark in Air Quality Monitoring

In a bold step toward cleaner air, Oizom, a global environmental monitoring solution provider, has introduced Pollusense -- a breakthrough in portable air quality monitoring.

1 min

Herbalife India Partnered with IRONMAN 70.3 GOA 2024 to Empower Athletes

Herbalife, a premier health and wellness company, community, and platform, had announced its partnership with IRONMAN 70.3 India, marking the third consecutive year of collaboration.

2 mins

L&T energy gets go-ahead to set up NTPC's thermal power plants in MP and Bihar

L&T will also handle the related mechanical, electrical, instrumentation, and civil engineering aspects of these projects.

1 min

India is aiming to become a drone hub of the world: Defence Minister

Navigating the Changing Landscape of Modern Warfare\" at Manohar Parrikar Institute for Defence Studies and Analyses.

1 min

Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights

The two mergers hace created a fall seroice carrier ancl a low-cost carrier ofscale for the Tata Group, which is seeking to establish a \"world class global aviation company with an Indian heart.

1 min

Global Economic Forum organises India Russia Economic Summit at Russia

India and Russia have set a bilateral trade target of $100 billion by 2030 during the annual leaders' summit in May 2025.

1 min

Continuous sell-off by foreign investors may put India's Balance of Payment under pressure

The report noted that Foreign flows, especially from Foreign Institutional Investors (FIIs) in the equity market, are not just drivers of stock prices but essential to maintaining macroeconomic stability in India.

1 min

Indian stock indices in red for 4th day amid sustained FII sell-off

The markets extended the fourth consecutive day of declines driven by concerns over weak earnings and foreign fund outflows

1 min

Rupee touches new low for the fifth straight session

This level, indicative of persistent challenges for the rupee, reflects an ongoing struggle against strong dollar demand, high crude oil prices, and considerable foreign institutional outflows

1 min

Leading AI Startup SparkCognition aims to Triple Workforce in India Within 24 months

Avathon, formerly known as SparkCognition, has announced its rebranding alongside ambitious plans to expand its workforce in India by threefold over the next 24 months.

1 min

Public Sector Banks records strong performance in 1st half of FY25

The Public Sector Banks (PSBs) reported a robust performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year (YoY) growth, the Ministry of Finance said on Tuesday.

1 min

Frontier Nagaland Territory offers India a strategic alternative

In a rapidly shifting geopolitical landscape, the call for the establishment of the Frontier Nagaland Territory (FNT) marks a pivotal moment for India and the South-East Asian region.

5 mins

COST OF IRRESPONSIBLE COMMENTS: A REFLECTION ON POLITICAL DIGNITY

In the grand theatre of international politics, where words are not just statements but signals of intent, the weight of a public figure's speech extends far beyond the immediate audience.

5 mins

LOCAL ISSUES RATHER THAN NATIONAL DIATRIBE IN MAHARASHTRA POLLS

Elections for the state of Maharashtra and Jharkhand are underway along with a crucial set of bypolls in Uttar Pradesh and, of course, the Wayanad Lok Sabha seat.

2 mins

Nursery, KG, Class 1 admission in private schools to begin Nov 28

The Delhi government's Department of Education (DoE) issued a circular on Tuesday, announcing that the admission process for nursery, KG and Class 1 in the city's private schools for the 2025-26 session will begin on November 28.

1 min

COURT ACQUITS JAGADISH TYTLER, ABHISHEK VERMA IN FORGERY CASE

Delhi court on Tuesday acquitted Congress leader Jagdish Tytler and controversial arms dealer Abhishek Verma in a 2009 case of allegedly forging the letterhead of then Minister of State for Home Ajay Maken, a defence lawyer said.

1 min

Delhi Police SI held for accepting bribe of Rs 10,000

The vigilance department has apprehended a Delhi Police sub-inspector for taking a bribe of Rs 10,000 to issue notice to accused persons in a fraud case, an official said on Tuesday.

1 min

39K improper parking challans issued at 4 major railway stations

Delhi Traffic Police has prosecuted more than 39,000 vehicles across the city's four railway stations for improper parking this year till October 22, according to official data.

1 min

Five accused held over alleged sexual assault of two girls

Five people have been arrested after two girls aged 17 and 22 filed a police complaint alleging they were sexually assaulted on November 10 in the Kasturba Niketan area, said Delhi police.

1 min

Allahabad High Court: Owner Of Electric Vehicle Purchased Prior To October 14, 2022 Cannot Seek Refund Of Tax Citing Subsequent Exemption Notification

The Allahabad High Court in the case Ankur Vikram Singh Respondent v. State of UP observed and has held that the owner of an electric vehicle which was purchased prior to October 14, 2022 cannot seek refund of tax citing a subsequent notification exempting the payment of One Time Tax.

1 min

Supreme Court Stayed High Court Direction For CBI Probe Into Alleged Custodial Torture Of Women BY Kolkata Police: RG Kar Protest

The Supreme Court in the case The State Of West Bengal Ad Ors. Versus Rebeka Khatun Molla @ Rebeka Molla And Ors observed and has stayed the order of Calcutta High Court wherein the court directed CBI probe into allegations of custodial torture of 2 women arrested amid protests that took place in West Bengal after the RG Kar Medical College rape-murder incident.

1 min

Supreme Court Warns Delhi Of 'Harsh Orders' Over Failure To Implement 2016 Rules: Solid Waste Management Rules Remain On Paper

The Supreme Court in the case MC Mehta v. Union of India observed and has expressed concern over lack of implementation of the Solid Waste Management Rules, 2016, wherein it highlighted the issues like unchecked waste accumulation at landfill sites, waste from construction, and the risk of fires at waste storage areas.

2 mins

SUPREME COURT DIRECTED PUNJAB GOVT, SEC TO NOTIFY MUNICIPALITY ELECTIONS IN 2 WEEKS; TO BE COMPLETED IN 8 WEEKS THEREAFTER

The Supreme Court in the case The State of Punjab and Ors. Versus Beant Kumar And Anr modified the Punjab and Haryana High Court order which directed that Punjab municipality elections be notified within 15 days.

2 mins

Supreme Court Dismissed Man's Petition To Deactivate 'Machine' Controlling His Brain: 'Bizarre'

The Supreme Court in the case observed and has dismissed a petition filed by a man who alleged that his brain was being controlled by other persons through a machine.

1 min

DELHI HIGH COURT ISSUED EX-PARTE INTERIM INJUNCTION AGAINST SALE OF PHARMA PRODUCTS WITH 'KIND' FORMATIVE TRADEMARKS

The Delhi High Court in the case Mankind Pharma Limited vs. Aquakind Land LLP & ors observed and has issued a temporary injunction in favour of Mankind Pharma Limited, which being against the sale of its medical and pharmaceutical goods with the trademark 'MANKIND' and 'KIND' formative marks.

1 min

HC pulls up Delhi Govt Finance Dept for delayed funds to Asha Kiran

During the hearing, the bench expressed strong disapproval, stating, \"The urgency is not impressed upon you... 14 people have died... You should have called the MCD official and asked him the queries.\"

2 mins

Govt. distributes heaters to curb winter pollution and help night workers

The Aam Aadmi Party (AAP) government has launched a campaign to distribute electric heaters to night security guards in an effort to reduce air pollution in Delhi.

1 min

AAP TO CONDUCT SURVEY FOR ALL SEATS

Ahead of the polls, Kejriwal and other senior AAP leaders are holding gatherings at the district level to prepare the party workers for campaigning. No matter who contests on AAP ticket, the party workers should think as though the former chief minister was fighting on all the 70 seats and should have their allegiance to him only, Kejriwal has said.

1 min

Delhi faces unusually high temperatures in Nov

This year, however, daytime temperatures have not fallen below 30 degrees Celsius, with the lowest recorded so far at 31 degrees Celsius.

1 min

MCD fines Rs 2.69 cr for violations of dust pollution norms

The Municipal Corporation of Delhi (MCD) has issued fines amounting to Rs 2.69 crore for violation of dust control norms during construction and demolition (C&D) activities between April and October this year, according to official data.

1 min

LG direct for immediate appointment of 2,346 Home Guards

Delhi Lieutenant Governor, Vinai Kumar Saxena has directed for the immediate appointment of 2,346 Home Guards, who have qualified for their Physical Measurement and Efficiency Test (PMET) and written test, even as other vacancies amounting to 7,939 await outcome of two pending court cases, said an official statement from Lieutenant Governor office on Tuesday.

1 min

'Discoms colluding with AAP for windfall gains'

The Delhi BJP on Tuesday submitted a memorandum to Lieutenant Governor VK Saxena, calling for an investigation into alleged financial irregularities in the power distribution companies, or discoms.

1 min

OVER 2.7 LAKH VEHICLES FINED FOR LACK OF PUC SINCE JAN 1

Delhi Traffic Police has issued over 2.70 lakh challans to vehicle owners for driving without a pollution under control (PUC) certificate between January 1 and October 31 this year, the highest in three years, official data showed.

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:

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