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The Business Guardian

SUPREME COURT ORDERED STATUS QUO ON FELLING OF TREES IN DELHI 'RIDGE' FOREST; ISSUED CONTEMPT NOTICES TO OFFICIALS

The Supreme Court in the case Bindu Kapurea v. Subhasish Panda And Connected Matters observed and has issued notices wherein the contempt proceedings are initiated against government officials for the rampant felling of trees in Delhi’s Ridge Forest area in violation of its previous orders in the case M.C. Mehta v. Union of India and Ors.

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3 mins  |
May 11, 2024
PAKISTAN SEEKS $12 BILLION DEBT RELIEF TO IMPRESS IMF
The Business Guardian

PAKISTAN SEEKS $12 BILLION DEBT RELIEF TO IMPRESS IMF

Pakistan aims to rollover 12 billion debt from key allies and negotiate new financing from China to address its external financing gap, as disclosed by Finance Ministry insiders.

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4 mins  |
May 11, 2024
Record-breaking IPL 2024: Star sports draws 510 mm viewers in 51 matches
The Business Guardian

Record-breaking IPL 2024: Star sports draws 510 mm viewers in 51 matches

Disney Star, the broadcaster for the Indian Premier League (IPL) 2024, announced a record viewership of 510 million for the initial 51 matches.

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1 min  |
May 11, 2024
BYJU'S SALES MISS TARGET DESPITE 30% FEE CUT
The Business Guardian

BYJU'S SALES MISS TARGET DESPITE 30% FEE CUT

The majority of the sales team, who transitioned toa revenue-linked payout model last week, have yet to secure a Sale for any course or subscription

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2 mins  |
May 11, 2024
Amazon's new seller fees criticized as a ‘Kick in the Gut'
The Business Guardian

Amazon's new seller fees criticized as a ‘Kick in the Gut'

Amazon.com Inc. merchants are facing significant economic pressure. Earlier this year, the e-commerce giant implemented fee changes, effectively transferring more operating costs onto the small businesses that constitute the majority of its product sellers.

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3 mins  |
May 11, 2024
Nandan Nilekani: India aiming for universal AI access
The Business Guardian

Nandan Nilekani: India aiming for universal AI access

Nandan Nilekani, cofounder and chairman of Infosys, stated that India prioritizes artificial intelligence (AI) applications that benefit all citizens rather than competing to develop large language models (LLMs), referring to the fundamental software of the technology.

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2 mins  |
May 11, 2024
GOVT PLANS INTERSTATE BUS ELECTRIFICATION WITH ROUTE CHARGING
The Business Guardian

GOVT PLANS INTERSTATE BUS ELECTRIFICATION WITH ROUTE CHARGING

The government is aiming to introduce electric buses on long-distance routes and may offer incentives to promote their adoption

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1 min  |
May 11, 2024
India's industrial output slows to 4.9 % in March '24, manufacturing, power rise
The Business Guardian

India's industrial output slows to 4.9 % in March '24, manufacturing, power rise

India's factory output, measured by the Index of Industrial Production (IIP), in March 2024 posted 4.9 per cent year-on-year growth, moderating from 5.6 per cent in February 2024 and ending fiscal 2024 on a sober note. The IIP growth was led by a robust expansion in electricity even as manufacturing growth rose to a five-month high, albeit on a very low base.

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2 mins  |
May 11, 2024
Sovereign gold bonds shine as safe haven for Akshaya Tritiya, say Experts
The Business Guardian

Sovereign gold bonds shine as safe haven for Akshaya Tritiya, say Experts

On the auspicious occasion of Akshaya Tritiya, celebrated with traditional zeal across India, the focus on the price of gold has intensified, particularly in Delhi where gold prices surged to Rs 71,240 per 10 grams of 24k gold on Friday.

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1 min  |
May 11, 2024
India set to join bond index, JPMorgan confirms progress
The Business Guardian

India set to join bond index, JPMorgan confirms progress

JPMorgan Chase & Co. is poised to include India in its emerging market debt index starting from June, according to Gloria Kim, the firm’s global head of index research. Kim highlighted the positive feedback received from most of the firm’s index clients, indicating readiness to trade in the Indian Government Bond (IGB) market.

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2 mins  |
May 11, 2024
India faces power crunch in June, worst shortage in over a decade
The Business Guardian

India faces power crunch in June, worst shortage in over a decade

India is facing its most significant power shortfall in 14 years for June, attributed to a decline in hydropower generation and delays in commissioning new coal-fired plants.

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2 mins  |
May 11, 2024
MORE AI EXPRESS FLIGHTS TAKING OFF AS CREW RETURNS
The Business Guardian

MORE AI EXPRESS FLIGHTS TAKING OFF AS CREW RETURNS

Air India Express, under the Tata Group, is steadily resuming full operations post-strike, aiming for regularity in two days despite initial disruptions.

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2 mins  |
May 11, 2024
IDAC Mumbai 2024: Ushering in a transformative age
The Business Guardian

IDAC Mumbai 2024: Ushering in a transformative age

iDAC, the Leading Impact Platform for Changemakers of the Build Industry, organised its 5th Edition at the Jio World Convention Centre, Mumbai, from the 7th to the 9th of March 2024. For the past 5 years, iDAC has successfully set the benchmark for getting the industry's best & finest together.

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2 mins  |
May 10, 2024
AIMIM's Waris Pathan says he would have been jailed if he said what Navneet Rana did
The Business Guardian

AIMIM's Waris Pathan says he would have been jailed if he said what Navneet Rana did

Reacting to BJP leader Navneet Rana's \"15 seconds lagenge\" remark, AIMIM leader Waris Pathan questioned why the police and the Election Commission have not taken any \"action\" against her and claimed that if he had said something like this, he would have been \"jailed.\"

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2 mins  |
May 10, 2024
INTERNATIONAL ADI SHANKRACHARYA RESEARCH AND AWARENESS FOUNDATION ANNOUNCED ABOUT THE CELEBRATION OF 2531ST BIRTH ANNIVERSARY OF GURU ADI SHANKRACHARYA
The Business Guardian

INTERNATIONAL ADI SHANKRACHARYA RESEARCH AND AWARENESS FOUNDATION ANNOUNCED ABOUT THE CELEBRATION OF 2531ST BIRTH ANNIVERSARY OF GURU ADI SHANKRACHARYA

International Adi Shankracharya Research and Awareness Foundation organised a press conference about the celebration of the 2531st birth anniversary of revered Guru Adi Shankracharya.

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1 min  |
May 10, 2024
The Business Guardian

SUPREME COURT MAY PASS ORDER ON ARVIND KEJRIWAL'SS INTERIM BAIL ON FRIDAY

The Supreme Court in the case Arvind Kejriwal v. Directorate of Enforcement was hearing the batch of petitions challenging provisions of the CGST Act.

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1 min  |
May 10, 2024
The Business Guardian

SUPREME COURT REQUESTS HIGH COURTS TO NOTIFY AN AUTHORITY WHO CAN ADDRESS DOUBTS AND GRIEVANCES OF CANDIDATES JUDICIAL SERVICE RECRUITMENT

The Supreme Court in the case Abhimeet Sinha And Ors.. Versus High Court Of Judicature At Patna And Ors observed and has flagged concerns about the absence of a designated authority by the High Courts which can be approached by the candidates of judicial services examinations for seeking clarification in case of any doubt.

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1 min  |
May 10, 2024
The Business Guardian

Supreme Court Extends Interim Bail Of Hyderabad Businessman Abhishek Boinpally: Delhi Liquor Policy Case

The Supreme Court in the case Abhishek Boinpally v. Directorate of Enforcement observed and has extended the interim bail granted to Hyderabad businessman Abhishek Boinpally in the Delhi Liquor Policy case till the next hearing date.

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1 min  |
May 10, 2024
The Business Guardian

SUPREME COURT: CONSOLIDATION OFFICER CANNOT TAKE AWAY OWNERSHIP OF TENURE HOLDER ABD GRANT IT TO ANOTHER | UP CONSOLIDATION OF HOLDINGS ACT

The Supreme Court in the case Prashant Singh And Ors. ETC. Versus Meena And Ors. Etc. observed concerning the U.P. Consolidation of Holdings Act, 1953 wherein the court held that the Consolidation Officer is not vested with the power to take away the vested title of a tenure holder and grant ownership to some other person in the property.

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3 mins  |
May 10, 2024
Canada welcomes India's decision to resume some visa services
The Business Guardian

Canada welcomes India's decision to resume some visa services

Canada has expressed Cits approval of India's decision to resume some visa services in the country, marking a positive step forward in diplomatic relations following a recent dispute. The move, announced by India's high commission in Canada, comes after a temporary suspension of visa services that had caused concern among Canadians.

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2 mins  |
May 10, 2024
PNB marks Q2FY24 with strong earnings, net profit jumps 327% yoy to Rs 1,756 crore
The Business Guardian

PNB marks Q2FY24 with strong earnings, net profit jumps 327% yoy to Rs 1,756 crore

State-run lender Punjab National Bank achieved a robust performance for the second quarter of FY24 with the net profit at Rs 1756 crore jumping 327.14 per cent year-on-year while the net interest income (NII) rose 20 per cent on a yearly basis to Rs 9,923 crore in the September quarter of the fiscal, as per the company’s financial results for Q2 and HY1 FY’24 declared on Thursday.

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2 mins  |
May 10, 2024
The Business Guardian

OVER 1200 COS, 80,000 BUSINESS VISITORS EXPECTED AT EXCON

The event will spread over 30 lakhs sq. ft of display area and is expected to attract over 1200 exhibitors and over 80,000 business visitors from India and abroad including the USA, UK, France, Germany, Italy, UAE, South Korea, Singapore, Turkey, Sri Lanka, Romania and Czech Republic.

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2 mins  |
May 10, 2024
Huawei's new flagship increases use of China-Made parts, memory chip
The Business Guardian

Huawei's new flagship increases use of China-Made parts, memory chip

Huawei’s latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is making towards technology selfsufficiency.

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3 mins  |
May 10, 2024
TCS outlook brightens after recessionary concerns: Chandrasekaran
The Business Guardian

TCS outlook brightens after recessionary concerns: Chandrasekaran

Tata Consultancy Services (TCS) is investing in new technology and hopes to do better in financial year 202425 (FY25) after two years of “recessionary fears”, said N Chandrasekaran, chairman of India’s largest information technology services firm.

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1 min  |
May 10, 2024
OnePlus May introduce Bloatware on premium smartphones
The Business Guardian

OnePlus May introduce Bloatware on premium smartphones

OnePlus is among the select smartphone brands that offer clear user interface experience in its smartphones. However, this might change soon. Reportedly, the company has started the softpreload cycle with the OnePlus 12 and OnePlus Open, pushing third-party apps on the devices with the new OxygenOS update.

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1 min  |
May 10, 2024
The Business Guardian

Piramal Enterprises to merge with unlisted housing finance arm for listing

The board of directors of Piramal Enterprises, a diversified non-bank finance company (NBFC), has given the green light for its merger with its wholly owned subsidiary, Piramal Capital & Housing Finance (PCHFL), which will be renamed Piramal Finance following the merger.

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1 min  |
May 10, 2024
FY24 TCS EXECUTIVE PAY: CEO AT RS 25 CR, COO AT RS 26.18 C
The Business Guardian

FY24 TCS EXECUTIVE PAY: CEO AT RS 25 CR, COO AT RS 26.18 C

Krithivasan took charge as the head of the country’s largest IT services exporter in June 2023, after the surprising exit of Rajesh Gopinathan

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1 min  |
May 10, 2024
IT firms urged to enhance women’s representation efforts
The Business Guardian

IT firms urged to enhance women’s representation efforts

Increasing the representasector has long been a priority for gender and diversity experts, who note that despite efforts, progress has remained slow.

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2 mins  |
May 10, 2024
Gurugram's Global city project receives environmental clearance from MoEF
The Business Guardian

Gurugram's Global city project receives environmental clearance from MoEF

The Ministry of Environment, Forest and Climate Change has provided environment clearance to the Haryana government's ambitious Global City project in Gurugram, people aware of the matter told Moneycontrol.

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2 mins  |
May 10, 2024
DLF SELLS 795 FLATS IN GURUGRAM FOR RS 5.6K CR WITHIN 3 DAYS OF LAUNCH
The Business Guardian

DLF SELLS 795 FLATS IN GURUGRAM FOR RS 5.6K CR WITHIN 3 DAYS OF LAUNCH

Achieving a remarkable sellout valued at approximately Rs 5,590 crores, within 3 days

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2 mins  |
May 10, 2024