The Business Guardian - October 17, 2024

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October 17, 2024

Cabinet approves MSP for Rabi crops for marketing season 2025-26

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the Marketing Season 2025-26.

2 mins

AI adoption may generate Rs 33.8 lakh crore for India's economy by 2030

Google's latest report on artificial intelligence (AI) development, titled \"An AI Opportunity Agenda for India,\" highlights the importance of responsible AI growth and offers strategic recommendations for policymakers, companies, and civil society.

2 mins

CABINET APPROVES A 3% INCREASE IN THE DEARNESS ALLOWANCE FOR CENTRAL GOVERNMENT EMPLOYEES

The Union Cabinet of India has approved a 3% increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners, effective from July 1, 2024.

1 min

Biodimension Technology raises Rs 121 lakh in funding, led by Campus Angels Network

Biodimension Technology Private Limited, a cutting-edge deep tech startup focused on human tissue and organ development, has successfully closed a Rs 121 lakh funding round led by Campus Angels Network. This investment will accelerate Biodimension's mission to revolutionize the healthcare and pharmaceutical industries with innovative tissue models that enable more efficient, ethical, and human-relevant testing for drug and cosmetic safety.

1 min

Nayab Saini to be sworn in as Haryana CM on Thursday, backed by independent MLAs

Nayab Singh Saini was on Wednesday chosen as the leader of Haryana BJP Legislature Party in a meeting chaired by Union Home Minister Amit Shah in Chandigarh.

1 min

Samsung workers end strike after 38 days

After thirty-eight days of protest, workers at Samsung Electronics have decided to end the strike and return to work.

1 min

Artemis Hospitals Marks World Spine Day 2024 with Expert Guidance on Spinal Health

In recognition of World Spine Day 2024, Artemis Hospitals is raising awareness about the importance of spinal health across all age groups. With this year's theme, “Support Your Spine”, the focus is on promoting spinal mobility and reducing the burden of spinal disorders that impact millions of people globally.

1 min

MMMOCL has launched WhatsApp-based ticketing for metro commuters

Maha Mumbai Metro Operations Corporation Ltd. (MMMOCL) has taken a groundbreaking step toward enhancing commuter convenience with the launch of WhatsApp-based ticketing by Metro commuters on 11th October 2024.

1 min

A report indicates that Gen Z spending is expected to reach USD 2 trillion by 2035

Boston Consulting Group (BCG) and Snapchat's parent, Snap Inc., have brought out a report that deep dives into Gen Z's spending habits, and how they make purchase decisions. The report titled, 'The USD 2 Trillion Opportunity: How Gen Z is Shaping the New India,' describes how this generation is shaping the trends. With a population of over 377 million Gen Z is the largest generation ever to live in India and their collective spending is at USD 860 billion, which is about 43 per cent of the total consumption in the country. The report says the spending trends show that it will touch USD 2 trillion by 2035.

1 min

INDIA'S EXPORTS ROSE 4.86% IN Q1FY25, WHILE IMPORTS AND THE TRADE DEFICIT GREW FASTER

Sunil Barthwal, Commerce Secretary said, \"This is showing a consistent growth in terms of exports and similarly, the government's trust, which is coming on the ayush and apple products, because this is another area which is very difficult to penetrate in the world, global markets.

2 mins

Movate Shines as a Global Leader in ISG Customer Experience Services Report 2024

Movate, a digital technology and customer experience (CX) services provider, today announced that it has been recognized as a 'Leader' in the ISG Provider Lens™ Contact Center-Customer Experience Services Global 2024 report.

1 min

Amber Group's Iljin Electronics and Korea Circuit inks Joint Venture, will usher India's first complex PCB manufacturing

Iljin Electronics, an Amber Group company, has today entered into a JV (xx) with Korea Circuits for the manufacture of HDI, Flex and PCB substrates. This JV will usher the localisation of complex pcbs in the country for the first time. This JV will see Iljin taking up 70% of the stake while the rest will be held by Korea Circuits.

1 min

Naxnova Expands Global Footprint with Acquisition of Germany's HS Products Engineering

Naxnova, a global leader in printed electronics and decorative solutions, today announced the acquisition of HS Products Engineering (HSP), a highly reputed German engineering & manufacturing company specializing in high-end precision products for the luxury automotive market.

1 min

Sree Sandhya Kona honored with Machine Learning Maverick Award

Sree Sandhya Kona, a trailblazing Machine Learning and Big Data Engineer, was honored with the prestigious Machine Learning Maverick Award at the Global Excellence Awards 2024, held on May 12th in Mumbai.

1 min

GenZCFO Launches GenZPe: Pioneering Credit Management and Financial Wellness Platform

GenZCFO, a premier financial advisory firm, proudly announces the launch of GenZPe, a cutting-edge credit improvement and debt management platform specifically designed for Gen Z and Millennials.

1 min

MUMBAI METRO OPERATIONS LAUNCHES WHATSAPP-BASED TICKETING

MMMOCL has taken a groundbreaking step toward enhancing commuter convenience with the launch of WhatsApp-based ticketing by Metro commuters on 11th October 2024.

2 mins

Royal Stag Barrel Select Large Short Films Continues Association with MAMI Mumbai Film Festival

Royal Stag Barrel Select Large Short Films - a pioneer in the short film genre of filmmaking - has revolutionized India's short film landscape, showcasing unique, original narratives for discerning audiences. Collaborating with visionary craftspeople over the years, the platform has fostered a vibrant ecosystem for both emerging and established directors and artists alike to present select storytelling.

1 min

Sensex, and Nifty closed in red, Nifty breaks 25,000 levels

The benchmark equity indices closed with a lower note on Wednesday after facing selling pressure in the market.

1 min

Goyal emphasizes quality as key to India's global competitiveness

He was delivering a keynote speech at the Indian Foundation for Quality Management (IFQM) symposium. Goyal emphasized that prioritizing quality would not only meet domestic demands but also position India to serve global markets.

1 min

Malabar Gold & Diamonds Opens US Flagship Showroom in Los Angeles, Plans to Launch 20 New Showrooms Worldwide in October

Malabar Gold & Diamonds, one of the world's largest jewellery groups, has opened its US flagship showroom in Los Angeles, marking a significant milestone in its growth within North America.

1 min

Global Startups Club's International Expansion to begin in Dubai

These events will bring together promising startups and influential investors from the region, providing a valuable space for sharing ideas and fostering connections.

1 min

First GoM meeting: No decision taken on compensation cess to states

The ten-member Group of Ministers (GoM) panel, headed by the Union Minister of State for Finance Pankaj Chaudhary, met on Wednesday on the ongoing compensation cess issue. The meeting discussed the future of cess to states under the GST regime but no decision was taken, says the minister.

1 min

India's exports up by 4.9%, trade deficit up much higher in Q1 FY25

India's exports, merchandise and services combined increased by 4.86 per cent year on year, standing at USD 393.22 for April-September 2024-25, as Commerce Ministry data showed on Wednesday.

1 min

SEBI INTRODUCES LIQUIDITY WINDOW FACILITY FOR INVESTORS IN DEBT SECURITIES

The liquidity window facility allows investors holding listed debt securities to sell them back to the issuer using a put option on specific dates, ensuring liquidity.

2 mins

Regional war between Israel and Iran and laws of war

Iran's theocratic leadership promised the country's citizens security and prosperity – a weighty commitment to make in a region beset by war and deprivation. In many respects, Iran's leaders have failed to uphold this promise.

5 mins

LEGAL AWARENESS AND SELF-PROTECTION

Recently, an elderly woman in Agra tragically died of cardiac arrest after receiving a call that her daughter was involved in a sex racket.

5 mins

Aviation minister condemns bomb threats to flights as 'grave concern'

Minister of Civil Aviation K Ram Mohan Naidu on Wednesday expressed concern over the recent disruptive acts targeting Indian airlines, affecting domestic and international operations.

2 mins

ASSAM ACCORD: SC VERDICT TODAY ON PLEAS CHALLENGING SECTION 6A OF CITIZENSHIP ACT

In 1985, the Indian government and the representatives of the Assam Movement negotiated and drafted the Assam Accord and created categories of immigrants.

2 mins

Possible to generate more employment in gaming industry: Priyank Kharge

Karnataka minister Priyank Kharge highlighted the potential of increased employment in the gaming industry and long-term benefits to the economy by providing a regulatory framework to it.

1 min

"'Varanasi touched my soul': US Envoy Garcetti on Ganga Aarti experience

US Ambassador to India Eric Garcetti recently visited Varanasi, exploring its ghats and temples, and witnessed the Ganga Aarti at Dashashwamedh Ghat.

1 min

Ex-AAP MLA Kartar Singh challenges disqualification in HC

Former AAP MLA Kartar Singh Tanwar has challenged his disqualification from the Delhi Legislative Assembly by the Speaker to the Delhi High Court. He was disqualified on September 24 by the speaker.

1 min

Netaji's niece Roma Ray dies at 95

Netaji Subhas Chandra Bose's niece Roma Ray died on Wednesday at her south Kolkata residence due to old age ailments, her family said. She was 95.

1 min

1998 Brij Bihari Prasad murder case: SC rejects Munna Shukla's plea seeking time to surrender

“In case of failure to surrender, the authorities shall take appropriate measures to arrest and detain them under law,\" the top court clarified in its October 3 order.

1 min

SIT Tells Punjab And Haryana High Court: Lawrence Bishnoi Interview From Prison Row | Misconduct, Negligence Of Police Found

The Punjab and Haryana High Court in the case Court On Its Own Motion versus State Of Punjab And Ors observed wherein the Special Investigating Agency, SIT in an affidavit submitted that the misconduct, negligence and dereliction of duty by the concerned officers is being found.

2 mins

SUPREME COURT COLLEGIUM RECOMMENDED THE APPOINTMENT OF THREE ADVOCATES AS ANDHRA PRADESH HIGH COURT JUDGES

The Supreme Court Collegium Recommended the name of three Advocates for appointment as Judges of the Andhra Pradesh High Court.

2 mins

SC Collegium Recommended Appointment Of Four Judicial Officers As Judges Of Kerala High Court

The Supreme Court Collegium recommended the appointment of four judicial officers as judges of Kerala High Court.

1 min

AAP KICKS OFF 'JAN SAMPARK' CAMPAIGN, KEJRIWAL APPEALS TO RE-ELECT HIM AS CM

As part of the Jan Sampark’ campaign, workers will reach out to Delhiites with a letter from Kejriwal telling people the truth” behind his arrestin corruption cases.

1 min

Court sends gangster Deepak Boxer to 2-day police custody

A court here on Wednesday sent alleged gangster Deepak Boxer to police custody for two days in a case connected to a firing incident outside a sweet shop in Nangloi in west Delhi last month.

1 min

Gold soars to new record high of Rs 78,900 per 10g in Delhi market

Gold prices touched a new all-time high of Rs 78,900 per 10 grams in the national capital on Wednesday, gaining Rs 250 due to sustained buying by jewellers, according to the All India Sarafa Association.

1 min

SC directs LG to file affidavit on tree cutting in Delhi Ridge area

The Supreme Court on Wednesday directed the Lieutenant Governor (LG) VK Saxena, who also holds the office of the Delhi Development Authority (DDA) chairperson, to file his personal affidavit by October 22 on issues concerning alleged felling of trees in the Delhi Ridge area.

1 min

Delhi govt approves G+5 integrated care facility for vulnerable children

The Delhi Government has approved the construction of a modern Ground+5 storey integrated building at the Sewa Kutir Complex in Kingsway Camp. This advanced facility is designed to offer a safer, healthier, and more supportive environment for children under care. The new building will have a plinth area of 2,060 square meters, situated on a 12,215 square meter campus.

1 min

'No DDA approval needed for power in unauthorized colonies'

Delhi Chief Minister Ati-shi on Wednesday said 'no objection certificates' from the DDA will not be required for getting power connections and installing metres in 1,731 unauthorised colonies of the city.

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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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.