The Business Guardian - January 09, 2025

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January 09, 2025

NSE boosts co-location capacity by 200, with 300 more planned

The National Stock Exchange introduced and released over 200 Full Rack Equivalent (FRE) capacity of various variants in colocation facilities at the start of the New Year 2025 -- on January 3.

1 min

Thousands flee as wildfires spread rapidly across Southern California

Tens of thousands of residents in Southern California have been forced to evacuate as a series of fast-moving wildfires ravage the region, CNN reported.

3 mins

Budget Must Boost Capex, Curb Fiscal Deficit, and Cut Debt-to-GDP: EY India

Emphasis on fiscal consolidation, tax system simplification, and investmentdriven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.

1 min

EY India Urges Budget to Cut Tax Rates and Raise Personal Income Tax to Rs 5 Lakh

The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs 5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India).

2 mins

Congress Promises Rs 25 Lakh Health Cover Under 'Jeevan Raksha Yojana' for Delhi 2025

With an eye on the upcoming Delhi assembly elections, Congress on Wednesday announced 'Jeevan Raksha Yojana', promising to provide Rs 25 lakh health cover per family.

1 min

Navy joins Assam mining rescue with special gear

The Indian Navy has deployed a specialized team equipped with deep diving gear and underwater Remotely Operated Vehicles (ROVs) to assist in a challenging search and rescue operation in Assam's Umrangso area.

2 mins

Delhi HC declines plea for FOB in Delhi Cantonment, asks authorities to review

Delhi High Court on Wednesday declined to entertain a petition seeking direction for the construction of a foot-over bridge for Indian Army soldiers and the general public at the Rajputana Rifles Regimental Centre in Delhi Cantonment.

1 min

13-Year-Old Becomes 'Sannyasini' at Mahakumbh

In a surprising turn of events at the Mahakumbh, 13-year-old Rakhi Dhakre has made the bold decision to leave her family and adopt the life of a sannyasini.

1 min

ISRO CHIEF HAILS PM MODI'S GREAT RESPONSIBILITY

Narayanan, a veteran propulsion expert, has been appointed as the new ISRO Chief, succeeding S Somanath.

2 mins

Denovo Raises Rs 1.96 Cr in Funding, Led by Campus

Denovo Bioinnovations Pvt. Ltd., an R&D-driven, IP-backed deep-tech company specializing in advanced wound closure and handheld surgical robotics, has raised Rs1.96 Crore in its latest funding round led by Campus Angels Network.

1 min

Adani's Mumbai Airport Earns ACI Level 5 Customer Experience Accreditation

Thank you my passengers. Thank you my colleagues at AAHL,\" he added. ACI's Airport Customer Experience Accreditation program builds airports' long-term capacity to enhance customer experience management.

2 mins

LEAP India acquires CHEP India, transforming supply chain solutions

LEAP India, a leader in sustainable supply chain solutions, today announced its acquisition of CHEP India Private Limited (CIPL), an esteemed player in the supply chain industry.

1 min

Report predicts slow growth in consumer goods sector for 3Q-FY25

Growth in consumer goods space is set to be muted for yet another quarter (October-December 2024), asserted Mirae Asset Sharekhan, attributing it to sluggish urban demand, a gradual recovery in rural demand and price hikes taken across product categories.

1 min

Railways Allocates 76% of Capex for Capacity Enhancement in 2024-25

Keeping pace with the budgetary allocation, Indian Railways has spent 76 per cent of its budgetary outlay within the first nine months of the current fiscal year 2024-25.

1 min

ROX Hi-Tech Appoints John Bright as Executive VP for Global Growth

ROX Hi-Tech Limited (NSE - ROXHITECH), a customer-centric IT solutions provider, is pleased to announce the appointment of John Bright as Executive Vice President, effective immediately.

1 min

Gold Prices Surge to Rs 80,000; Silver Climbs to Rs 92,500

Gold prices in the national capital have surged to Rs 80,000 per 10 grams, marking a one-month high.

1 min

T-Hub Launches BIML Program

The program is designed to empower incubators with hands-on training, strategic knowledge, and industry connections, enabling them to foster innovation and drive entrepreneurship across the country.

2 mins

RBI Lifts Restrictions on Asirvad Micro Finance, DMI Finance

The Reserve Bank of India (RBI) has decided to lift restrictions placed on Asirvad Micro Finance and DMI Finance, with immediate effect, which was initially imposed in October 2024.

1 min

Solar Capacity to Grow 2.6x by 2030: Report

India's solar sector is poised for exponential growth over the next decade, as the country aims to reach 500GW of renewable energy capacity by 2030.

1 min

PER CAPITA GDP TO SURGE BY RS 35K AMID SLOWDOWN: SBI

The report highlighted that the private consumption has emerged as a key driver of economic growth, registering the highest growth of 7.3 per cent in real terms in FY25.

1 min

Budget Should Raise Personal Income Tax Exemption Limit to Rs 5 Lakh

The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs 5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India).

1 min

Adani-owned Mumbai airport earns ACI level 5 accreditation for customer experience

Adani Group-owned Chhatrapati Shivaji Maharaj International Airport (CSMA) in Mumbai has received Airports Council International's (ACI) prestigious Level 5 Accreditation for customer experience, Adani Group Chairman Gautam Adani said on Wednesday.

1 min

FPIs to remain cautious on India until clarity comes on Q3 FY25 earnings

In 2024, FPIs investment in equities remained positive but it declined around 99 per cent as compared to 2023 and they ended the year on a more cautious note.

1 min

INDIA-NEPAL: A BOND BEYOND BORDERS

India and Nepal share more than just 1,850-kilometer open border. These two nations are intertwined by threads of culture, history, and spirituality that transcend political boundaries, creating a unique and enduring relationship.

2 mins

KEIR STARMER SHOULD BE HELD ACCOUNTABLE

There is much commotion over the stand that tech billionaire Elon Musk has taken on the Keir Starmer government in Britain.

3 mins

Building a strong foundation for Viksit Bharat: India's startup ecosystem as a catalyst for growth

India, with its rich entrepreneurial spirit and innovative mindset, is paving the way toward a Viksit Bharat (Developed India).

4 mins

DIGITAL PRIVACY GETS LEGAL BOOST

India's Digital Personal Data Protection Act (2023) balances privacy with business needs, creating new roles like Consent Managers to empower users.

6 mins

Supreme Court Collegium recommends elevation of Patna HC CJ Vinod Chandran as SC judge

The Supreme Court Collegium has recommended the elevation of Justice K Vinod Chandran, the Chief Justice of the Patna High Court, as the judge of the Supreme Court.

1 min

Supreme Court: Vehicle seized under NDPS Act not liable to be confiscated if accused used it without owner's knowledge or connivance

It has also been stated by the court that even where the Court is of the view that the vehicle is liable for confiscation, it must give an opportunity of hearing to the person who may claim any right to the seized vehicle before passing an order of confiscation.

2 mins

SUPREME COURT TO HEAR PETITIONS CHALLENGING UPPER-AGE LIMIT IN SURROGACY LAWS ON FEBRUARY 11

The Supreme Court in the case Arun Muthuvel Versus Union Of India And Ors and others is set to hear the petitions filed challenging the Surrogacy (Regulation) Act, 2021 and Surrogacy (Regulation) Rules, 2022 on the specific issue which relates to specific issue of upper-age limited and cases where the surrogacy process has already commenced for interim relief.

2 mins

Supreme Court: Borrower's right of redemption available only till notice for sale of mortgaged asset is published under SARFAESI Act

The bench noted that the bank had granted ample opportunities to the borrower to redeem the mortgage by clearing the dues.

1 min

Supreme Court: Until sale deed is registered, ownership of immovable property is not transferred

The bench rejected the said objection wherein noting that there was no registered sale deed in favour of the objector. He claimed right which being on the basis of an agreement to sell, which was unregistered and a General Power of Attorney.

2 mins

Supreme Court: Offence of grievous hurt by dangerous weapons under Section 326 of IPC can be compromised in exceptional circumstances

The Supreme Court in the case H.N. Pandakumar Versus The State Of Karnataka observed that while section 326 (punishment for grievous hurt by dangerous weapons) of the Indian Penal Code, 1860, IPC is non-compoundable, thus, the court can, in exceptional circumstances, invoke its inherent power to give effect to compromise.

2 mins

'Never spoke about his cheeks': Priyanka slams Bidhuri's remarks

Congress MP Priyanka Gandhi Vadra on Wednesday, condemned the statement of Bharatiya Janata Party leader Ramesh Bidhuri's on her 'cheeks', calling it \"ridiculous\" and \"unnecessary.\"

1 min

AAP, BJP TAKE TO STREETS OVER 'SHEESH MAHAL', 'RAJ MAHAL'

AAP leaders were blocked by police while attempting to enter Kejriwal's former residence.

2 mins

BSP to contest Delhi polls independently

The BSP leader also issued an appeal to the voters, urging them not to be swayed by tempting promises from other parties and to vote wisely for BSP candidates.

2 mins

'Phir layenge Kejriwal' vs 'Badlaav chahiye'

Celebrating Kejriwal's leadership the song paints a picture of Kejriwal as \"Delhi ka laal\" (Delhi's beloved leader).

2 mins

BJP slams Bharadwaj, Sanjay Singh for 'forcing entry' to CM's residence

AAP leaders’ attempt to take a media tour to former chief minister Arvind Kejriwal’s residence here in a bid to counter “Sheesh Mahal” jibes has earned the BJP’s wrath which said Sanjay Singh and Saurabh Bharadwaj trying to “forcibly” enter the premises was an example of “irresponsible, insane and anarchic behaviour”.

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:

* 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.
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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.