The Business Guardian - October 12, 2024

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October 12, 2024

Midland Credit Management India wins two honors at 2024 UBS Forums CSR Awards

Midland Credit Management in India (MCM India) recently received two prestigious CSR awards at the 11th Edition of the Corporate Social Responsibility Summit & Awards hosted by UBS Forums in New Delhi.

1 min

Supermicro unveils AI-ready servers with AMD EPYC 9005 CPUs and MI325X GPUs

Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announces the launch of a new series of servers, GPU-accelerated systems, and storage servers featuring the AMD EPYC™ 9005 Series processors and AMD Instinct™ MI325X GPUs.

4 mins

Medanta doctors ranked among Stanford's top 2% global scientists

Four distinguished doctors from Medanta - The Medicity, Gurugram, have been recognised in the prestigious Stanford University rankings of the top 2 per cent of scientists in the world.

1 min

CBRE India wins 'Best in Future of Work' at 2024 IDC Future Enterprise Awards

CBRE's D&T (Digital & Technology) India vertical has been awarded the prestigious 'Best in Future of Work' category at the 2024 IDC Future Enterprise Awards. This recognition highlights CBRE D&T India's unwavering commitment to digital transformation and its focus on cultivating a future-ready talent pool while fostering a culture of innovation and adaptability.

2 mins

Kirit Somaiya welcomed Maharashtra's move to raise Madrasa teachers' salaries

BJP leader Kirit Somaiya has praised the Maharashtra Cabinet's decision to increase the salaries of D.Ed. and B.Ed. teachers in Madrasas, highlighting the party's commitment to education as a secular and essential concern.

1 min

MP GOVT, AAI SIGN MOU FOR SHIVPURI AIRPORT REVAMP

The Airports Authority of India (AAI) and the Government of Madhya Pradesh have signed an MoU for the development of Shivpuri Airport under the Regional Connectivity Scheme (RCS).

1 min

SP's Ram Gopal Yadav urged workers to block roads from Akhilesh Yadav's residence to JNCC

Samajwadi Party's National General Secretary, Professor Ram Gopal Yadav, called upon party workers and leaders on Friday to block roads leading from Akhilesh Yadav's residence in Lucknow to the Jaiprakash Narayan Convention Center.

1 min

India's National Regulatory Authority meets WHO standards for vaccine regulations

The Central Drugs Standard Control Organisation (CDSCO), along with the National Regulatory Authority of India (NRA) and affiliated institutions, has been found to meet the World Health Organization (WHO) published indicators for a functional vaccine regulatory system.

1 min

CRISIL JUMPS 12 PLACES TO 37TH IN CHARTIS RISKTECH100 2025

CRISIL Ltd, the global provider of advanced analytics and credit risk management solutions, has risen 12 places to #37 in the RiskTech100 2025 report published by the London-based Chartis Research this month.

2 mins

Birla Opus Paints ropes in Vicky Kaushal and Rashmika Mandanna for their latest campaign

After foraying into the decorative paints sector earlier in the year, Birla Opus Paints housed under Aditya Birla Group's Grasim Industries, has now launched its latest campaign - 'Naye Zamane ka Naya Paint' i.e. 'New Paint for the New era'. Conceptualized by Leo Burnett India, the film features two of India's most loved actors - Vicky Kaushal and Rashmika Mandanna, as brand ambassadors talking about its unique and distinctive features and quality, along with veteran and versatile actors like Neena Gupta and Saurabh Shukla.

1 min

Global Superstar Jennie delivers “MANTRA,” her new Single & Music Video

Following worldwide anticipation, multi-faceted trailblazer JENNIE releases her anxiously awaited new single and music video \"Mantra\" out today via Columbia Records/ ODDATELIER.

1 min

KIMSHEALTH expands cardiac care with state-of-the-art Electrophysiology Lab

KIMSHEALTH Trivandrum launched a state-of-the-art Electrophysiology Lab equipped with cutting-edge 3D mapping technology.

1 min

IYDF and Suhana Gift House bring support to Children's Development centre in Assam

The International Youth Development Foundation (IYDF) partnered with Suhana Gift House to host a heartwarming charity event at the West Silchar Children's Development Centre in Borjatrapur, Cachar District, Assam. The event was filled with compassion and fun as volunteers from Suhana Gift House provided essential supplies and sports equipment to 20 children, engaging them in interactive games and activities that made the day truly memorable.

1 min

IFCCI unveils Whitepaper to DPIIT: Key insights, recommendations

The Indo-French Chamber of Commerce and Industry (IFCCI) presented a highly anticipated Indo-French Industry Whitepaper on Policy and Regulatory Insights and Recommendations during its National Committees Meet gathering more than 100 French and Indian industry leaders.

1 min

FOREX RESERVES DIP $3.7 BILLION AFTER SCALING ALL-TIME HIGH

According to RBI, India's foreign currency assets, the largest component of forex reserves, were at USD 612.643 billion.

1 min

Net direct tax collections rise 18.35% to Rs. 11.26 lakh crore

The refund amounting to Rs 2.31 lakh crore released during the period. The refund amount saw a growth of 46 per cent.

1 min

Another 15% telecom tariff hike by FY27: Report

Despite a decade marked by disruptions, JP Morgan anticipates that the Indian telecom landscape will stabilize, with another tariff hike of 15 per cent by the fiscal year 2027 (FY27).

1 min

Rapido set to secure $60 mn investment from Prosus

Indian ride-hailing unicorn Rapido is reportedly close to raising $60 million (INR 503 Cr) from Dutch investment firm Prosus, in a combination of primary and secondary share sales. This new capital will be part of Rapido's ongoing $200 million round, sources revealed.

1 min

Companies list over 90k positions on PM internship portal

Jubilant Foodworks, Maruti Suzuki India, Eicher Motor, Larsen & Toubro Ltd., Muthoot Finance and Reliance Industries are among the 193 companies that have offered the opportunities, they said.

1 min

Mumbai residential sales up 5% during Oct-Dec period

Mumbai's real estate market has seen a 5 per cent jump in the number of residential units sold during Q3 2024, but sales value contracted by 2 per cent, according to data released by Square Yards.

1 min

India's vaccine regulatory system meets WHO standards

The Central Drugs Standard Control Organisation (CDSCO), along with the National Regulatory Authority of India (NRA) and affiliated institutions, has been found to meet international standards for vaccine regulations set by the World Health Organisation (WHO), the Ministry of Health and Family Welfare said on Friday.

1 min

J&K POLLS: TESTAMENT TO INDIA'S THRIVING DEMOCRACY

With the election results for both Haryana and Jammu and Kashmir now declared, we witness two distinct electoral outcomes-one where the BJP emerged victorious and another where it made significant inroads. Yet, amid Congress's predictable outcry of foul play, one undeniable truth shines through-the resilience of democracy in Jammu and Kashmir, a region once overshadowed by strife. This momentous achievement is a testament to the BJP's dedication to Atal Bihari Vajpayee's enduring vision of Insaniyat, Kashmiriyat, and Jamhooriyat.

4 mins

Feminism at workplaces: Policies for a more inclusive future

The principles of femininity have been helpful to created modern policies of corporate structures and their relations with their employees in the conditions of today's constantly changing environment.

5 mins

DELHI GOVT APPROVES 100 PROJECTS WORTH RS 93 CRORE FOR VILLAGES

The Arvind Kejriwal-led Aam Aadmi Party (AAP) government approved 100 projects worth Rs 93 crore on Friday, October 11, 2024, aimed at boosting development in Delhi's villages.

1 min

ED raids Delhi-NCR, Mumbai in case linked to seizure of narcotics by police

The Enforcement Directorate on Friday conducted search operations at various locations in Delhi, National Capital Region (NCR) and Mumbai in connection with the case of seizure of a consignment of Narcotic and Psychotropic substances by Special Cell of Delhi Police.

1 min

HC asks NHAI to decide representation over undue toll collection on highways

The court said the representation should be disposed of by the authorities within four weeks in accordance with the law.

1 min

Police busts interstate gang involved in theft of remote radio units from mobile towers

Delhi Police on Thursday claimed to have busted an interstate gang of thieves involved in theft of Remote Radio Units (RRUs) from mobile towers across the national capital and other states.

1 min

IAS vs IPS officers' case: Court accepts police's closure report

An FIR was filed in 2022 based on the woman IAS officer's complaint, in which she alleged receiving threatening calls and messages from an unknown number attempting to extract information from her.

1 min

Rs 7,000-cr drugs haul: LOCs issued against 6 including UK national

The Delhi Police, which is probing the city's biggest-ever seizure of cocaine worth over Rs 7,000 crore, has issued look-out circulars (LOCs) against six people, including an Indian-origin UK national who fled the country before the latest recovery of 208 kg of the drug from west Delhi.

1 min

Husband loses temper over flour brand, attacks wife with knife

A disagreement over ordering a different brand of flour escalated into a violent altercation between a couple, where the husband attacked his wife with a knife.

1 min

BOMBAY HIGH COURT COMMUTES DEATH SENTENCE OF MAN WHO BURNT ALIVE WOMAN, 2-YR-OLD; AWARDS LIFE SENTENCE

The Bombay High Court in the case State of Maharashtra vs Deepak Jath observed and has commuted the death sentence to life imprisonment of a man who is 46-year-old, who set ablaze two women and a two-year-old girl.

2 mins

Three New Judges Of Gujarat High Court Take Oath

Justices Sanjeev Jayendra Thaker, Deeptendra Narayan Ray and Maulik Jitendra Shelat were sworn in as the judges of the Gujarat High Court on October 10, 2024.

1 min

Punjab and Haryana High Court Answers: Can High Court Entertain Writ Against ED's Provisional Attachment When Alternate Remedy Is Available Under PMLA?

The Punjab and Haryana High Court in the case MGF Developments Limited v. Directorate of Enforcement and Another observed and has stated that when an alternative remedy is available under the Prevention of Money Laundering Act 2002, PMLA against Provisional Attachment Order, PAO issued by the Directorate of Enforcement, it would not be appropriate for it to entertain a writ petition filed even before the statutory 30 days' period which being from the date when PAO has been passed.

2 mins

Andhra Pradesh High Court: Section 81 CGST Act Cannot Be Invoked To Declare Transfer Of Property Void Without Determining 'Nature Of Transaction' As Being Sham

The Andhra Pradesh High Court in the case Velagala Lakshmi and Others v. State of Andhra Pradesh & Others observed and has held that Section 81 of the Central Goods and Services Tax Act, 2017 cannot be invoked to declare transfer of property void, unless there is a specific finding regarding the sham nature of transaction.

1 min

Dandiya and Garba captivated the Delhiites at TV9 Festival of India

The five-day TV9 Festival of India being held at Delhi's Major Dhyanchand Stadium is getting attention from the delhiites and they are enjoying songs, music, traditional Durga Puja, food amidst a lot of hustle and bustle.

1 min

Atishi allotted controversial Flagstaff Road bungalow amid investigations

The controversial 6, Flagstaff Road bungalow in Civil Lines was formally allotted to Delhi Chief Minister Atishi on Friday, two days after she was allegedly forcibly made to vacate it, officials said.

1 min

PM's principal secretary flags slow progress in clearing landfill sites

Senior officials from central ministries and the Delhi administration discussed current strategies and explored new ways to address the pollution problem, it said.

1 min

Food delivery agent stabbed to death by teenager in Rohini

A 28-year-old food delivery agent was allegedly stabbed to death in Delhi's Rohini by a teenager following an altercation over a common female friend, police said on Friday.

1 min

ED opens money laundering case in Delhi drugs bust, conducts searches

The Enforcement Directorate Friday said it has registered a money laundering case into the recent mega narcotics seizure in the national capital and conducted searches in Delhi, Mumbai and Gurugram.

1 min

Wangchuk, supporters continue hunger strike on day 6

Climate activist Sonam Wangchuk and supporters continued their indefinite hunger strike for the sixth day on Friday at Delhi's Ladakh Bhawan. A routine medical examination of the activists, who have been sitting on a hunger strike since Sunday afternoon, was conducted.

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.