The Business Guardian - December 08, 2024

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December 08, 2024

SBI forecasts India's GDP growth at 6.3 per cent

SBI forecasted India's GDP growth at 6.3 pc, lower than RBI's projection of 6.6 pc for FY25 in its latest report.

1 min

Centre apprises Parliament status of 12 industrial smart city projects

The government has approved 12 new industrial smart city projects in August with a total project cost of Rs 28,602 crore (including land cost) for development of trunk infrastructure packages, Union Minister of Commerce and Industry Piyush Goyal in a written reply in the Rajya Sabha said Friday.

1 min

Startups created 16.6 lakh jobs across sector

Startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) has reportedly created over 16.6 lakh direct jobs across more than 55 varied industries which include areas beyond technology.

1 min

MAX GOVERNANCE IS OUR REFORM AGENDA: FM

Finance Minister Nirmala Sitharaman underscored India's transformative economic reforms during the pandemic and its enduring commitment to representing the Global South on the world stage, speaking at the India-Japan Forum 2024 on Friday.

1 min

Inflation likely to have eased to 5.4% in Nov

India's Consumer Price Index (CPI) inflation is expected to ease to 5.4 percent in November 2024, down from 6.2 percent in October, according to a report by Union Bank of India.

1 min

FM chairs pre-budget consultation with farmers' associations

Union Finance Minister Nirmala Sitharaman chaired the second Pre-Budget Consultation meeting on Saturday with representatives from various farmer associations and prominent agricultural economists in the national capital.

1 min

Housing prices rise 65% since 2023

Real estate projects in top tier II cities rose upwards of 65 per cent on an average since 2023, according to online real estate data and analytics platform PropEquity.

1 min

EIH ACHIEVES HISTORIC Q2FY25 RESULTS

TAKING STOCK - EIH Limited posted historic Q2FY2025 financial results, which were the best ever in the company's history. The company posted double-digit RevPAR (revenue per available room) growth, which was led by improving occupancies as well as average room rates.

2 mins

ADB approves $350 mn loan to enhance India's logistics

Asian Development Bank (ADB) has approved a USD 350 million policy-based loan to support India strengthen and modernize the logistics sector.

1 min

FOREIGN INVESTORS MAKE COMEBACK WITH AN INVESTMENT OF Rs 24,453 CRORE

Foreign investors have made a strong comeback to Indian equity markets, with a net purchase of over Rs 24,400 crore in the first week of December.

1 min

CRR cut by RBI expected to provide support to net interest margins of banks

The Reserve Bank of India's (RBI) decision to cut the Cash Reserve Ratio (CRR) is expected to provide marginal support to the Net Interest Margins (NIMs) of banks, according to a report by Axis Securities.

1 min

The AI revolution: Promise and peril for India's future

Artificial Intelligence (AI) is transforming societies, economies, and governance systems at an unprecedented pace.

3 mins

PROTECTING BRAND IDENTITY: THE MOCHI TRADEMARK DISPUTE AND ITS IMPLICATIONS

The recent trademark dispute between Metro Shoes and Nice Shoes LLP over the brand name \"Mochi\" has highlighted critical issues surrounding intellectual property rights in India.

2 mins

SUVEN PHARMA TO ACQUIRE STAKES IN NJ BIO

Listed pharma company, Suven Pharmaceuticals has announced the acquisition of a controlling stake in US-based NJ Bio Inc.

1 min

Financial discipline among children: If not now, when?

In today's fast-paced world, where consumerism and digital transactions dominate, teaching financial discipline to children has become more crucial than ever.

4 mins

MobiKwik IPO's subscription to open soon

Payments solution company One MobiKwik Systems has fixed the price band of Rs 265 to Rs 279 for its maiden initial public offering.

1 min

Over 300 women-owned businesses gather to drive gender inclusion

WEConnect International, with the support of the U.S. Department of State, Bureau of South and Central Asian Affairs, hosted InclusionX-change: Learning and Networking Meet that focused on gender-inclusive supply chains.

1 min

Biesse unveils new features of genius CT-Next at ZAK Glass Tech

Biesse aims to redefine glass processing technology with the launch of its upgraded features of the groundbreaking Genius CT-Next cutting machine, at the ZAK Glass Technology Expo 2024 in New Delhi.

2 mins

Mahindra to challenge IndiGo's trademark claim over SUV '6E'

Mahindra has announced its decision to challenge IndiGo's claim over the \"6E\" trademark in court, while moving ahead with branding its new Electric Origin SUV as \"BE 6\".

1 min

SC RESERVES ORDER ON PARTHA CHATTERJEE'S BAIL PLEA

In the money laundering case linked to the West Bengal cash-for-jobs scam involving former West Bengal Education Minister Partha Chatterjee, the Supreme Court on Wednesday reserved judgment.

1 min

JAUNPUR MOSQUE CHALLENGES COURT ORDER OVER TEMPLE CLAIM

The managing committee of the Atala mosque in Jaunpur, Uttar Pradesh, has approached the Allahabad High Court to challenge a local court's order that directed the registration of a lawsuit filed by the Swaraj Vahini Association.

1 min

SC seeks CBI's response on ex-councillor's plea

The Supreme Court has recently directed the Central Bureau of Investigation to respond to a petition filed by former Congress councillor Balwan Khokhar, who is currently serving a life sentence for his involvement in the 1984 anti-Sikh riots.

1 min

SUPREME COURT TO HEAR PETITIONS CHALLENGING PROVISIONS OF PLACES OF WORSHIP ACT ON DECEMBER 12

The Supreme Court will hear a series of petitions on December 12 challenging certain provisions of the Places of Worship (Special Provision) Act, 1991.

1 min

Court declines Kejriwal's plea for early hearing

The Delhi High Court on Friday declined former Chief Minister Arvind Kejriwal's request for an early hearing of his plea challenging the Enforcement Directorate's (ED) chargesheet in the excise policy case.

1 min

Allahabad HC directs transparency in UP-PCS-J (Mains) 2022 exam

The Allahabad High Court has recently taken serious note of alleged irregularities in the 2022 Uttar Pradesh PCS-J (Mains) examination, directing the Uttar Pradesh Public Service Commission (UPPSC) to submit the original answer sheets of petitioners in sealed covers for judicial scrutiny.

1 min

New draft rules submitted to SC to prevent same incidents

In a significant development in the Delhi Coaching Centre Deaths Case, new draft model rules have been submitted to the Supreme Court, proposing heavy fines and penalties to regulate the functioning of private coaching institutes.

1 min

TVS Motors registers robust growth in 2-wheeler sales in Nov24

The two-wheeler market in November 2024 displayed a mixed bag of performance, with TVS Motors achieving impressive sales growth, while Hero MotoCorp and Bajaj Auto reported year-on-year declines in domestic sales.

1 min

SFIO conducts search operations at companies manufacturing EVs

The Serious Fraud Investigation Office (SFIO) on Monday conducted search operations at three companies engaged in the manufacturing of electric vehicles, the Ministry of Corporate Affairs (MCA) said in a release.

1 min

ABB India revamps Faridabad facility, boosting sustainability and efficiency

ABB India's IEC LV motors business is expanding and transforming the company's long-established manufacturing facility in the country.

1 min

Maruti, Tata, and M&M post-PV sales growth YoY in November 2024

India's passenger vehicle market witnessed varied performance across major automakers in November 2024.

1 min

DELHI LEADS INDIA IN EV ADOPTION

The adoption of electric vehicles (EVs) in India is surging, with Delhi emerging as the leader in EV penetration, according to a report by FICCI and Yes Bank.

1 min

SPECTACULAR JUMP IN EV SALES UNDER PM E-DRIVE PLAN

According to a post by PIB India on X, the initiative aims to accelerate EV adoption, develop robust charging infrastructure, and establish a strong domestic EV manufacturing ecosystem.

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.