CATEGORIES

OVER 24.8 CR INDIANS MOVED OUT OF MULTIDIMENSIONAL POVERTY IN LAST 9 YRS

According to the paper, India has registered a significant decline in multidimensional poverty in India from 29.17% in 2013-14 to 11.28% in 2022-23 a reduction of 17.89 percentage points

ETF frenzy hits record, election year surge expected

India-focused exchangeLtraded funds (ETFs) experienced a record-high net inflow of $8.6 billion in 2023, surpassing the previous peak of $7.4 billion in 2021.

PM MODI EMPOWERS ONE LAKH TRIBALS WITH 540 CRORE LAUNCH

The Bill & Melinda Gates Foundation has unveiled its largest annual budget of $8.6 billion for 2024, with a significant portion dedicated to advancing health innovations. Amid global declines in health budgets, the foundation aims to utilize the additional funding to drive global health innovations, particularly benefiting vulnerable populations like newborns and pregnant women in low-income communities.

GATES FOUNDATION POURS $8.6 BILLION INTO MEDICAL BREAKTHROUGHS

The Bill & Melinda Gates Foundation has unveiled its largest annual budget of $8.6 billion for 2024, with a significant portion dedicated to advancing health innovations. Amid global declines in health budgets, the foundation aims to utilize the additional funding to drive global health innovations, particularly benefiting vulnerable populations like newborns and pregnant women in low-income communities.

FMCG distributors threaten boycott of HUL products in Maharashtra

Fast Moving Consumer Goods (FMCG) distributors in Maharashtra are considering boycotting Hindustan Unilever Limited (HUL) products, starting with Taj Mahal Tea, as they demand the restoration of the previous margin structures.

DELHI HIGH COURT DENIED PAROLE TO CONVICT IN JOURNALIST SOUMYA VISHWANATHAN, JIGISHA GHOSH MURDER CASES

The Delhi High Court in the case Ravi Kapoor v. State-NCT Of Delhi observed and has denied the parole to Ravi Kapoor, who is being convicted for the murder of journalist Soumya Vishwanathan and IT executive Jigisha Ghosh and the various other cases.

PUNJAB AND HARYANA HIGH COURT

The Punjab and Haryana High Court in the case X v. State of Haryana and Ors. observed and has imposed the cost for an amount of Rs. 50,000 as a ‘deterrent’ on a married maths teacher wherein it seeks protection of his live-in relationship with a 19-year-old student.

DELHI HIGH COURT DIRECTS RESTORATION: TAXPAYER NOT PROVIDED OPPORTUNITY TO OBJECT TO RETROSPECTIVE CANCELLATION OF GST REGISTRATION

The Delhi High Court in the case M /S E e n E e n Sales Corporation Versus Assistant Commissioner Of Central Goods And Service Tax observed and has held that the taxpayers are not provided an opportunity to object to the retrospective cancellation of the GST registration.

CHINESE EXPORTS DECLINE BY 4.6 PERCENT AFTER SEVEN YEARS

China’s exports were valued at USD 3.38 trillion in 2023, a 4.6% decrease from the previous year. 2022 will see Chinese exports

Tata consumer seals Rs 7,000 cr deals: Acquires capital foods and organic India

The firm behind the Ching's Secret and Smith & Jones brands, Capital Foods, will be acquired by Tata Consumer Products, the creator of Tata Tea.

2023 sees 9% surge in two-wheeler sales driven by rural demand

In India, the sales of two-wheelers rose by 9.12%. Year-over-Year (Y-o-Y) to 17.075 million units in 2023 as the economy as a whole grows well and the rural market keeps improving, the Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said on Friday.

RELIANCE INDUSTRIES TARGETS $10 MINIMUM FOR COAL SEAM GAS PRODUCTION

Requested bids from consumers for the 0.90 million standard cubic meters of gas per day that the coal-bed methane CBM) block will produce

Import restrictions lifted for specific IT gear

The government clarified that specific IT hardware products, such as desktop computers, face no import restrictions. In a circular to customs authorities and industry, the commerce ministry arm, Directorate General of Foreign Trade (DGFT), stated that only laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers have import restrictions. Imports of these items are allowed with a valid import authorization.

MEASURES FOR CONSUMPTION AND RURAL GROWTH IN INTERIM BUDGET

Nirmala Sitharamanislikely tostep up efforts to boost consumption and rural economy while keeping inflation under check

FPIs turn cautious, infuse Rs 3,900 cr in Indian equities

In the initial weeks of January, Foreign Portfolio Investors L(FPIs) have adopted a cautious stance, directing approximately Rs 3,900 crore into Indian equities. This is a significant slowdown compared to the substantial Rs 66,134 crore attracted in the entire month of December.

Auto exports from India dip 21 per cent in 2023

Automobile shipments from India declined 21 per cent last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data.

Qtly earnings, global trends to guide equity mkts this week

Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said.

Reliance emerges winner as top 5 firms gain Rs 1.99 trn in M-cap

Last week witnessed significant gains in market valuations for five out of the top-10 most-valued companies, contributing a collective increase of Rs 1,99,111.06 crore. Reliance Industries emerged as the standout performer, aligning with positive market sentiments.

TYCOON RECLAIMS $100 BILLION CLUB WITH $2.8 BILLION JUMP

The increase in Reliance Industries’ shares is attributed to a 22% climb from a low in October following a notable jump in quarterly profit.

UP PARTNERS BHARAT TEX 2024, HOLDS ROADSHOW

In a move to drive growth, innovation and sustainability across the textile industry, strategic alliances are being inked to boost Bharat Tex 2024, India's premier global textile event scheduled from February 2629, 2024, with Uttar Pradesh being signed on as 'Partner State' and Madhya Pradesh as the 'Supporting Partner State'.

DELHI EXCISE POLICY CASE: ED ISSUES 4TH SUMMONS TO CM ARVIND KEJRIWAL

The Enforcement Directorate (ED) has, for the fourth time, issued summons to Chief Minister Arvind Kejriwal for questioning in the Delhi excise policy-linked money laundering case, according to official sources on Saturday.

Mumbai court grants bail to NCP leader Prajakt Tanpure, others

A special court in Mumbai has granted bail to former Maharashtra minister and NCP leader Prajakt Tanpure and his father Prasad Tanpure in connection with the Maharashtra State Cooperative Bank (MSCB) scam case.

K'taka HC orders investigation into temple-road encroachment dispute

The Karnataka High Court has directed the Deputy Commissioner of Bengaluru Urban district to assign the deputy director of land records and a technical team to submit a report on whether a temple in the area has encroached upon the road or if the road was constructed around the temple.

ED ARRESTS TWO MORE INDIVIDUALS IN MAHADEV BETTING APP CASE

In connection with the money laundering investigation into the Mahadev online betting and gaming app case, the Enforcement Directorate (ED) has arrested two additional individuals, as reported by officials on Saturday.

MAJOR TRENDS IN THE INDIAN SOLAR PV SECTOR

The Indian solar photovoltaic (PV) sector has witnessed remarkable growth in recent years, playing a pivotal role in the country's transition towards sustainable energy sources.

The crossroads of privacy and digital evidence

Urgent need for legal reforms for balancing privacy and digital evidence in India’s courts

Wardwizard revolutionizes EVs and hydrogen tech at Vibrant Gujarat

The 10th Edition of the Vibrant Gujarat Global Summit is offering a potential platform for Indian auto manufacturers to showcase new products, open up investment plans and for electric vehicles (EVS) companies to accelerate the growth of EVs in India.

MARUTI SUZUKI TARGETS 4 M CARS BY 2030, REVEALS SHASHANK SRIVASTAVA

Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki speaks to The Business Guardian as he flags challenges of interest rates and rural growth.

Korea-Gujarat economic cooperation forum takes center stage

To promote bilateral economic ties and foster favorable business conditions, the Korea-Gujarat Economic Cooperation Forum took the center stage at the Vibrant Gujarat Global Summit 2024 on January 10.

TFCI NAVIGATES POST-COVID REBOUND, EYES GROWTH WITH STRONG Q2FY24

Tourism Finance Corporation of India popularly known as TFCI was formed in 1989 as a public financial institution with the core objective of providing finance and advisory services to the tourism sector in the country.