The Business Guardian - October 25, 2023

في هذه القضية

October 25, 2023

Indians lead the pack in seeking citizenship

India has maintained its position as the leading country of origin for new immigrants to the Organisation for Economic Co-operation and Development (OECD) nations in 2021, according to the OECD's \"International Migration Outlook: 2023\" report, released on Monday. The report reveals that a total of 407,000 Indians relocated to OECD nations in 2021, marking a significant 86% increase from the 220,000 Indians who made the move in 2020.

2 mins

BITCOIN HITS HIGHEST PRICE ON ETF HOPES

Upon approval, a Bitcoin ETF is anticipated to streamline the buying and selling of Bitcoin, providing accessibility through conventional stock market channels.

3 mins

India likely to cut floor price for basmati rice exports to $950 MT

In response to concerns raised by farmers and exporters, the Indian government is considering a reduction in the floor price set for basmati rice exports. This move is expected to alleviate the challenges faced by those involved in the trade. Government and industry sources revealed that the minimum export price (MEP) for basmati rice may be lowered from $1,200 per metric tonne to $950 per metric tonne. The sources, who preferred to remain anonymous, noted that the decision has not yet been officially announced.

2 mins

Reliance close to buying Disney India in multibillion-dollar deal

Reliance Industries Ltd., led by Mukesh Ambani, one of Asia's wealthiest tycoons, is reportedly edging closer to sealing a cash and stock deal to purchase Walt Disney Co.'s operations in India. According to insiders familiar with the matter, Disney is contemplating the sale of a controlling stake in the Disney Star business, valuing it at approximately $10 billion, moving away from previous considerations of smaller, piecemeal transactions. On the other hand, Reliance values these assets at around $7 billion to $8 billion, differing from Disney's valuation.

2 mins

Solar projects to attract over $380 billion in investment

Global investments in Isolar energy projects are poised to surge, with expectations of attracting more than $380 billion this year, according to Dr. Ajay Mathur, Director General of the International Solar Alliance (ISA). Speaking during the Singapore International Energy Week, Dr. Mathur noted that the investment flow in this sector has been on a steady rise. Last year witnessed approximately $310 billion in investments, and during the first half of this year, over $235 billion has already been committed to solar projects. The ISA envisions this figure to exceed $380 billion by the end of the year.

1 min

New EU envoy to focus on firmer strategic ties with India, resilient supply chains

Boosting economic opportunities, ensuring resilient supply chains and promoting faster green and digital transition will be the key focus of the new European Union Ambassador Hervé Delphin as he assumes office amidst deepening strategic ties between the EU and India across trade, trusted-technology, security, green and clean energy technologies, sustainability and security.

2 mins

Signature Global acquires 26 acres in Gurugram

Realty firm Signature Global has announced the acquisition of 25.75 acres of land in Gurugram for the development of a group housing project. While the specific financial details and the identity of the seller remain undisclosed, this strategic move signifies the company's commitment to expanding its real estate portfolio.

1 min

FINANCE MINISTRY STAYS FIRM ON INDIA'S STRONG FUNDAMENTALS

In sum, the report quotes the IMF growth projection for India which have moved upwards by 20 basis points to 6.3 per cent in October 2023 and underline that India will remain the fastest-growing major economy in the world in FY24

3 mins

Elon Musk offers $1bn to Wikipedia for name change

The entrepreneur behind SpaceX and Tesla, Elon Musk, has offered Wikipedia $1 billion in exchange for changing the site's name. Elon Musk wrote on X (formerly Twitter): \"If they change their name to Dickipedia, I will give them a billion dollars.\" He said, \"In the interests of accuracy.\" He was also quick to reply to X users who suggested Wikipedia take the offer.

1 min

Lotte to invest Rs 550 cr in Indian ice cream expansion

Sout the e Mouth Korean food giant Lotte Confectionary is growing its ice cream business in India. In order to do this, the business is thinking of spending Rs 550 crore over a five-year period to increase Havmor Ice Cream manufacturing. The report said that Lotte acquired the Ahmedabad-based Havmor Ice Cream Ltd for Rs 1,020 crore and has been trying to upgrade its facilities, systems, and staff since the acquisition. Speaking on the subject, Managing Director of Havmor Ice Cream, Komal Anand told Mint, \"We have planned investments of Rs 550 crore over the next five years.\"

1 min

AIRLINES TO INCREASE WINTER FLIGHTS BY 8.16 PER CENT, DGCA DATA REVEALS

After cutting back on flights due to the departure of forty-three pilots, Akasa Air is expected to increase its flying schedule by 64.9%

1 min

Pakistan's electric supply firm recover more than $1.7M from pilferers

In a concerted effort to t and hold defaulters accountable, Islamabad Electric Supply Company (Iesco) has successfully recovered a substantial sum of PKR 474.63 million, approximately equivalent to 1.7 million USD, from a total of 28,866 customers. This impressive accomplishment was recently reported by Dawn News, underscoring the pivotal role of Iesco in rectifying power-related discrepancies in Pakistan

2 mins

SRI LANKA APPROVES FREE TOURIST VISAS FOR VISITORS TO SEVEN COUNTRIES

Tourists from these nations will be able to obtain visas when visiting Sri Lanka, without a fee

2 mins

CALCUTTA HIGH COURT DIRECTED REFUND OF PENALTY: 9 HOURS' TIME GAP BETWEEN THE EXPIRY OF E-WAY BILL AND INTERPRETATION OF THE VEHICLE

The Calcutta High Court in the case Ishaan Plastics Pvt. Ltd. & Anr. Vs The Deputy Commissioner of State Tax Bureau of Investigation (South Bengal) Durgapur Zone & Ors observed and has directed the refund of the penalty in the case where there being the 9-hour time gap between the expiry of the e-way bill and the interception of the vehicle.

1 min

DELHI HIGH COURT SAYS REMOVING THEIR NAME FROM MEDICAL COUNCIL'S ROLL NOT THE ONLY LEVIABLE PENALTY; DOCTORS ISSUED MEDICAL CERTIFICATE WITHOUT EXAMINATION

The Delhi High Court in the case Dr. Neena Raizada v. Medical Council of India through its SecretaryandOrs. observed wherein the challenge is brought against improper issuance of medical certificate by 2 doctors.

1 min

Uttarakhand High Court Ordered Reserving Nainital's Lower Mall Road For Pedestrians B/w 6-8 AM Every Day Dearth Of Space For Morning Walkers

The Uttarakhand High Court in the case Suo Moto PIL: In the matter of \"Let the Children Play\" by increasing the facilities of sports v. Principal Secretary, Department of Women Empowerment & Child Developmentandothers observed and has directed that there is a grave death of space or areas for people to go for a morning or evening walk in the state, especially in the city of Nainital.

1 min

SC SEEKS CENTRE'S STAND ON PLEA FOR TRANSFER OF PIL AGAINST NETRA, NATGRID SURVEILLANCE SYSTEMS

Delhi HC Appoints Former Judge As Administrator Of Indian Orthopaedic Association The Delhi High Court has recently expressed anguish at the state of affairs in the Indian Orthopaedic Association and appointed its former judge Justice JR Midha as its 'Administrator'.

1 min

SC Seeks Centre's Stand On Plea For Transfer Of PIL Against NETRA, NATGRID Surveillance Systems

The Supreme Court has recently sought the response of the Centre on a plea seeking transfer of a PIL on surveillance systems pending before the Delhi High Court to the top court.

2 mins

IDOL OF LORD RAM TO BE INSTALLED AT AYODHYA TEMPLE ON 22 JAN: RSS CHIEF

Dussehra celebrations: Bhagwat also said that the world is today looking at India toovercomeits problems

2 mins

BJP woos tribals with hope to win high-stakes C'garh assembly polls

As Chhattisgarh prepares for the forthcoming assembly elections next month, the state's opposition, the BJP, faces a formidable challenge in winning the support of the tribal population, which has historically wielded significant influence over electoral outcomes. In the 2018 state elections, the BJP experienced a substantial setback in tribal-dominated constituencies.

2 mins

قراءة كل الأخبار من The Business Guardian

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.