The Business Guardian - October 23, 2024

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October 23, 2024

RBI Deputy Governor: Stronger Macro Fundamentals Guard Against Global Risks

Fortifying India's macro-economic fundamentals is the best shield against elevated global uncertainties, a deputy governor of the country's central bank said in New York on Monday.

1 min

FM SITHARAMAN HIGHLIGHTS INDIA'S INVESTOR-FRIENDLY REFORMS

Union Finance Minister Nirmala Sitharaman highlighted India's investor-friendly reforms and economic opportunities during her address at the New York Stock Exchange.

3 mins

Zomato Q2: net profit rises to Rs176 cr, falls short of estimates

Indian food and grocery delivery firm Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday as the company added more new stores, which weighed on margins.

1 min

Deloitte: Indian Economy to Grow 7-7.2% in FY25 on Strong Govt Spending

The Indian economy could grow between 7-7.2 per cent in the current fiscal on strong government spending, and higher manufacturing investments, but a tempered global growth will impact the outlook for the next fiscal, Deloitte India said on Tuesday.

2 mins

ED Attaches Rs 56.86 cr in Properties Linked to Businessman Amit Katyal for Siphoning Funds

The Enforcement Directorate (ED) has attached properties of businessman Amit Katyal, his Krrish Realtech Pvt Ltd, and others worth Rs 56.86 crore in a case linked with siphoning and illegal diversion of plot buyers' money by accepting the same without having any license from directorate of town and country planning (DTCP) in its name.

1 min

DELHI MINISTER GOPAL URGES HARYANA, UP, RAJASTHAN TO STOP DIESEL BUSES ENTERING CAPITAL

Delhi Environment Minister Gopal Rai has urged neighboring states to ban the entry of diesel buses into the capital to combat rising air pollution levels.

2 mins

US Urges India for swift trial in Sikh separatist murder case

US officials have told their Indian counterparts they want a speedy result and more accountability after their investigation into Indian involvement in a foiled murder plot against a Sikh activist in the United States, according to a US official.

1 min

Revolution on Wheels: Navigating Challenges in India's EV Sector

As India embarks on its journey towards a greener future, the electric vehicle (EV) industry finds itself at a pivotal juncture, grappling with a multitude of challenges while striving for sustainable growth.

3 mins

UOB Launches RMB 5 Billion Panda Bond, Largest Ever

UOB has successfully priced an RMB 5.0 billion three-year bond at 2.3 per cent, marking the Bank's first Panda bond since 2019.

1 min

ADANI ENERGY SOLUTIONS REPORTS 172% SURGE IN Q2 PROFITS, REACHING RS 773 CRORE

\"The company remains focused on timely project commissioning as well as achieving operating efficiencies. The power demand trends in both utilities and new transmission project wins are very encouraging and we are making progress with the installation of smart meters in all our contracts,\" said Kandarp Patel, CEO, Adani Energy Solutions.

2 mins

Kolkata's Jagriti Dham Partners with St. Xavier's College Alumni Association

Kolkata-based Jagriti Dham (www.jagritidham.​com), a luxurious eldercare living facility, has partnered with the St. Xavier's College (Calcutta) Alumni Association (SXCCAA) and its South Zone chapter, one of the largest alumni associations of the country, to promote healthy ageing and wellbeing among its alumni, their parents, and family members. This groundbreaking collaboration was showcased at the 'Looking Beyond V 2024' event held in Bengaluru.

1 min

LTIMindtree launches 'Al-Smart Underwriter' solution powered by ServiceNow

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced the launch of 'AI-Smart Underwriter' solution developed in collaboration with ServiceNow to empower underwriters to make more informed, data and AI-driven decisions while driving efficiency through intelligent automation. Through this effort, LTIMindtree will create better experiences and drive value for insurers.

1 min

Check out the Club Mahindra Members' Reviews to Plan Your Perfect Family Trip

Planning a family vacation can be exciting and daunting, especially when seeking a destination catering to everyone's needs.

1 min

AdClear Launches Innovative Surge Model to Revolutionize Digital Advertising

AdClear officially launched its Surge Model, a dynamic framework designed to optimize ad placements and maximize engagement in a groundbreaking move for the digital advertising landscape.

2 mins

Yashobhoomi is biggest exhibition venue I have seen in world: Mark Mobius

Global investor Mark Mobius who is currently on a visit to India has said that state of the art convention centre Yashobhoomi in the national capital's Dwarka in among the biggest exhibition venues he has seen in the world.

1 min

Gold NBFCs will benefit from potential rate cuts and prices surge: Jefferies

Gold loan growth at the prominent gold NBFC companies is projected to pick up in the third quarter, as per the report.

1 min

INDIA'S GDP GROWTH TO SLOW IN 2024-25: IMF

India's GDP is projected to decrease from 8.2% in 2023 to 7% in 2024, and 6.5% in 2025, says IMF.

1 min

Reskilling is key, to become a manufacturing nation: Amitabh Kant

India's G20 Sherpa and former Niti Aayog CEO Amitabh Kant on Tuesday doubled down that \"reskilling\" of workforce is most important because India can't grow only on the back of services.

1 min

We need Indicorns instead of Unicorns in hundreds: Kunal Bahl

Bahl, co-founder of AceVector Limited, which is the holding company for Snapdeal, wandered why India is so obsessed with $1 billion company, a yardstick to accord Unicorn status.

1 min

Adani's Ambuja Cements acquires Orient for Rs 8,100 Cr

Karan Adani, Director of Ambuja Cements, emphasized that the acquisition would improve market share by 2% and enhance operational efficiency through synergies with existing assets.

1 min

"'Oil prices should hopefully come down', says Hardeep Singh Puri

Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that there is no shortage of oil in the world and prices will come down soon, answering the question of the recent upswing in crude oil prices.

1 min

BRICS SUMMIT 2024: CROSSROAD TO EMERGING GLOBAL ORDER OF EAST-SOUTH ALLIANCE

The 16th meeting of the councils of the head of the Government of BRICS organization is being held in Kazan city of Russia from 22 to 24th October 2024 under the presidency of Russia being the host country.

5 mins

Unveiling of The Lady Justice Statue: Break away from old traditions

In a symbolic shift, a new statue of the Lady of Justice has been unveiled at the Supreme Court, aturing significant changes to its traditional form. The blindfold, which typically symbolizes impartiality, has been removed, and the Indian Constitution has replaced the sword in the statue's left hand. Additionally, the Lady of Justice now dons a saree, replacing the traditional Western robe, reflecting a shift toward Indian cultural identity.

5 mins

INDIA-CHINA BORDER TENSIONS PERSIST SINCE 1914 DESPITE TALKS

Both countries continue to face unresolved border tensions along the LAC despite ongoing diplomatic efforts since 1914, and are now in military talks in 2024.

2 mins

SUPREME COURT DISMISSES ARVIND KEJRIWAL'S PLEA AGAINST GUJARAT UNIVERSITY'S CRIMINAL DEFAMATION CASE FOR COMMENTS ON PM MODI'S DEGREE

The Supreme Court in the case Arvind Kejriwal vs Piyush M Patel observed and has dismissed the petition filed by former Delhi Chief Minister Arvind Kejriwal wherein challenging the criminal defamation case filed by the Gujarat University Registrar against him over his remarks about the educational degree of Prime Minister Narendra Modi.

1 min

Punjab and Haryana High Court: Calling husband transgender amounts to mental cruelty

The Punjab and Haryana High Court in the case XXXX v. XXXXX observed and has upheld the divorce granted by a family court in favour of the husband.

2 mins

Bombay High Court asks Pollution Control Board, BMC to respond to allegations of rampant use of 'PoP idols' during festivals

The Bombay High Court in the case Rohit Joshi & Ors. vs. State of Maharashtra&ors observed and has asked the Maharashtra Pollution Control Board, MPCB and Municipal Corporation of Greater Mumbai, BMC for filing an affidavit to respond to allegations of rampant use of Plaster of Paris, PoP idols during festivals this year.

1 min

Punjab and Haryana High Court quashes over 1,000 FIRs lodged during COVID-19 for violating lockdown rules: 'Clogging judicial system'

The Punjab and Haryana High Court in the case Court on Its Own Motion (In Re: Designated Courts For MP's or MLA's) versus State Of Punjab And Others observed and has quashed over 1000s First Information Report, FIR filed during COVID-19 pandemic under Section 188 of Indian Penal Code, IPC for violation of lockdown rules across Punjab, Haryana and Chandigarh.

1 min

SUPREME COURT: SMALLER LAND SALES CAN BE CONSIDERED FOR DETERMINING FAIR AND JUST LAND ACQUISITION COMPENSATION

The Supreme Court in the case Horrmal (Deceased) through his LRs and others versus State of Haryana and others observed that there being no to take into account the sale of smaller pieces of land as an exemplar for determining the fair and just land acquisition compensation.

3 mins

Delivery Partners and Freelance Photographers Lead the Gig Economy Expansion reveals WorkIndia report

National, 22nd October 2024 In light of the ongoing festive season, the gig economy is poised for significant transformations in the coming months, as highlighted by the latest WorkIndia report.

2 mins

LG flags toxic froth in Yamuna, asks for accountability

Saxena, in a post on X, also asked for accountability, saying truth cannot be suppressed, as he apparently hit out at the AAP-led Delhi government \"Who is responsible? The truth has a very bad habit; it cannot be suppressed,\" the LG said.

1 min

DELHI UNVEILS ANTI-POLLUTION MEASURES AS GRAP STAGE II

Strap- Gopal Rai writes to transport ministers of Haryana, UP, Rajasthan, urges halt on entry of diesel buses into national capital

2 mins

Haryana, Punjab swing into action amid SC stubble burning hearing

Ahead of a crucial Supreme Court hearing on Wednesday, the governments of Haryana and Punjab have ramped up actions against stubble burning as air quality in the Delhi NCR region continues to deteriorate. The hearing, which summons the Chief Secretaries of both states, comes after the apex court reprimanded them for failing to curb the practice that contributes significantly to the capital's pollution during winter months.

1 min

City sees surge in sale of air purifiers, masks as pollution levels worsen

With rising air pollution in Delhi, the city is seeing a surge in the sale of air purifiers and masks, according to several traders and pharmacists. A thick layer of smog covered Delhi on Tuesday morning, as the city's air quality dropped to the 'very poor' category, with 27 monitoring stations reporting alarming levels, according to data from the Central Pollution Control Board (CPCB).

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.
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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.