The Business Guardian - December 22, 2024

In this issue

December 22, 2024

2024 a blockbuster year for IPOs with record raising of Rs 1.8 trillion

The Indian primary market witnessed 2024 as the blockbuster year for initial public offerings (IPOs), according to a report by Motilal Oswal.

1 min

Power supply companies continue to remain a burden on state finances

Electricity distribution companies (DISCOMs) continue to weigh heavily on State finances, stated a report by the Reserve Bank of India (RBI).

1 min

India signs USD 350 million loan agreement with ADB

The central government and the Asian Development Bank (ADB) signed a USD 350 million policy-based loan under the second sub-program of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program.

1 min

FPIs SOLD EQUITIES WORTH RS 977 CRORES

After starting the week on a strong buying spree, foreign portfolio investors (FPIs) turned net sellers in the Indian equity market and the net investment turned negative this week with Rs 977 crore, according to data from the National Securities Depository Limited (NSDL).

1 min

FM chairs 55th GST Council meeting in Jaisalmer

Union Finance Minister Nirmala Sitharaman is chairing the 55th meeting of the Goods and Services Tax (GST) Council which is underway in Jaisalmer, Rajasthan on Saturday.

2 mins

NITIN GADKARI INAUGURATES INDIA'S FIRST BIO-BITUMEN-BASED NH STRETCH

Union Minister for Road Transport and Highways, Nitin Gadkari, on Saturday inaugurated India's first bio-bitumen-based National Highway stretch on NH-44 in Mansar, Nagpur, Maharashtra.

1 min

India's ranking in 'Network Readiness Index' improves to 49th place

India has made significant progress in technology and innovation, securing the 49th rank in the Network Readiness Index 2024 (NRI 2024), an improvement of 11 places compared to last year.

1 min

SALZER ELECTRONICS: DRIVING GROWTH

Salzer Electronics Limited was established in the year 1985 in Coimbatore, Tamil Nadu and is today a prominent Indian manufacturer specializing in electrical solutions including switchgear products, wires and cables, and energy management systems.

2 mins

Delhi, Punjab, Kerala, Puducherry spend more on day-to-day expenses

Populist schemes such as free electricity, free transport, and monetary assistance programs are impacting the financial health of States and reducing their ability to invest in critical infrastructure, according to the Reserve Bank of India's (RBI) latest report.

1 min

Delhi's perennial air crisis: Time for sustainable solution

Severe and \"Hazardous\"—two words that flashed across everyone's thoughts in conversations about North India's air quality. November 2024 was another year where Delhi's air quality index (AQI) reached alarming levels, surging past 400 and even touching hazardous readings above 1,000 at some monitoring stations.

5 mins

A CLEANER DIGITAL TOMORROW: BUILDING SWACHH DIGITAL BHARAT BY 2025

India is emerging and prospering as a global beacon in the digital revolution sphere.

3 mins

GREENFIELD PROJECTS TO GRAB Rs 1.5 LAKH CR INVESTMENTS

India's 12 green field projects under the National Industrial Corridor Development Project will create employment opportunities for 9.4 lakh individuals, says a year-end release by the Department of Promotion of Industry and Internal Trade.

1 min

LT FOODS LAUNCHES NON-GMO DAAWAT JASMINE THAI RICE IN INDIA

LT Foods, an Indian-origin global FMCG Company in the consumer food space, has launched a Non-Genetically Modified Organism (Non-GMO) Certified global gourmet food 'DAAWAT Jasmine Thai Rice' for Indian consumers.

1 min

Xpertnest's $1 million investment fuels BharatEarns

Odisha-origin entrepreneur Arun Kar, now a British innovator, has achieved global recognition for his company Xpertnest.

2 mins

Adani plans Rs 20,000 crore thermal power plant

The Adani Group has reaffirmed its commitment to Bihar's development and announced investments in various sectors including infrastructure, smart metering and cement in addition to its investment in gas distribution, logistics and agri-logistics.

1 min

Maruti unveils India's 1st electric SUV eVITARA

Maruti Suzuki India Limited (MSIL), India's largest passenger vehicle manufacturer, is set to revolutionize electric mobility with its first eBorn electric SUV, the e VITARA.

1 min

Vanguard announces new technology office in Hyderabad

Vanguard today announced plans to establish a new office in Hyderabad, India.

1 min

Gauhati HC bans buffalo and bulbul fights

The Gauhati High Court has prohibited buffalo and bulbul fights in Assam following a petition by People for the Ethical Treatment of Animals (PETA).

1 min

ABHINAV ARORA: ADVOCATE SEEKS FIR AGAINST YOUTUBERS

Abhinav Arora, a 10-year-old spiritual influencer from Delhi, is at the center of a legal case involving alleged online trolling and threats.

1 min

Allahabad HC directs UP Vigilance to probe cooperative housing issue

The Allahabad High Court has directed the Uttar Pradesh Vigilance Department to investigate the Himalayan Cooperative Housing Society Limited for allegedly exceeding the prescribed land limit and transferring land in collusion with employees of the Lucknow Development Authority (LDA).

1 min

DND flyway to remain toll-free: Supreme Court

The Supreme Court on Friday has ruled that the Delhi-Noida-Direct (DND) flyway would be toll-free, rejecting a plea by Noida Toll Bridge Company Limited (NTBCL) against the 2016 Allahabad High Court's decision.

1 min

EVM VERIFICATION PLEA TO BE HEARD BY OTHER SC BENCH

The Supreme Court of India on Friday has announced that the plea seeking a policy for the verification of Electronic Voting Machines (EVMs) will be heard by a bench led by Justice Dipankar Datta in January 2025.

2 mins

HC grants ED time to respond to Kejriwal's petition

The Delhi High Court on Friday granted the Enforcement Directorate (ED) additional time to file its response to a petition filed by Delhi Chief Minister Arvind Kejriwal and former Deputy CM Manish Sisodia.

1 min

K'taka HC directs NLSIU reservation for transgenders

The Karnataka High Court has recently directed the National Law School of India University (NLSIU) to implement a 0.5% reservation for transgender persons in its admission process until the university establishes its own comprehensive reservation policy for this community.

1 min

Ola Electric to expand to 4,000 stores on Christmas

Ola Electric Mobility announced on Thursday that it will expand its stores to 4,000 locations on December 25, coinciding with Christmas Day.

1 min

Hitachi ZeroCarbon Powers COBUS Electric Fleet with Battery Analytics

Hitachi ZeroCarbon, a leading provider of end-to-end solutions for decarbonising fleet vehicles, has today announced a strategic partnership with COBUS Industries, a global leader in airport mobility solutions.

2 mins

Maruti to double production capacity

Maruti Suzuki India Limited is targeting to double its production capacity from 2 million to 4 million units annually by 2030, Rahul Bharti, Executive Director of Corporate Affairs said on Wednesday.

1 min

UAEV ANNOUNCES ADOPTION OF RECENTLY INTRODUCED EV TARIFFS EFFECTIVE JAN 2025

UAEV, the UAE's first government-owned electric vehicle (EV) charging network, announced the adoption of the recently introduced EV tariffs by the Ministry of Energy and Infrastructure, effective January 2025.

1 min

Kia launches Syros, price to be revealed in February 2025

In a world premiere on Thursday in New Delhi, Kia India unveiled its all-new compact premium SUV, Syros.

1 min

HUGE CAPEX NEEDED TO MEET EV CHARGING DEMAND

India would require capital expenditure to the tune of Rs 16,000 crore by 2030, to meet its public EV charging demand and to achieve the mission of over 30 per cent electrification, as per a report by industry body FICCI.

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.
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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.