The Business Guardian - October 10, 2024

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October 10, 2024

PM MODI LAUNCHES PROJECTS WORTH RS7,600 CRORE IN MAHARASHTRA

PM Modi launched ₹7,600 crore worth of development projects in Maharashtra, focusing on infrastructure, airports, education, and skill development.

2 mins

XDLINX Space Labs raises USD 7 million in seed funding led by Ashish Kacholia

XDLINX Space Labs, a prominent player in India's space technology industry, has announced the successful completion of a USD 7 million seed funding round. The round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures, and a prominent family office.

2 mins

Cabinet extends free fortified rice supply till 2028

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved continuation of the universal supply of Fortified Rice under all government schemes including Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in its present form from July 2024 and upto December 2028.

1 min

Alieus Hedge Fund raises USD 5 million in 30 days, breaking records after Dubai event

Alieus Hedge Fund has raised a remarkable USD 5 million within just 30 days of its launch on September 7, 2024, following an exceptionally successful event in Dubai. This rapid success has garnered a tremendous response from investors across the globe, particularly from countries such as India, the UK, Malaysia, Singapore, Mexico, and others. Once again breaking all previous records, the fund is disrupting the networking and investment industries in unprecedented ways.

1 min

Chaudhrana Iron Traders in Prayagraj sees significant growth under Priyank Gupta

Chaudhrana Iron Traders Private Limited located at Prayagraj, operating under the brand name \"RP Gupta Loha Wale,\" announces exceptional business growth under the leadership of Priyank Kumar Gupta.

1 min

Sensex, Nifty Drop After Rbi Maintains Status Quo On Rates

Sensex and Nifty closed lower as RBI maintained rates and adopted a neutral stance, dampening market sentiment.

1 min

Priyank Gupta leads Chaudhrana Iron Traders to unprecedented growth in Prayagraj

Chaudhrana Iron Traders Chri Private Limited located at Prayagraj, operating under the brand name \"RP Gupta Loha Wale,\" announces exceptional business growth under the leadership of Priyank Kumar Gupta. The company has experienced a remarkable increase in turnover from Rs20-25 crores to over Rs 100 crores in just four years.

1 min

Karnataka hosts Maldives President Muizzu, explores partnership opportunities

On October 9, 2024, the Chief Minister's Office (CMO) in Bengaluru, Karnataka, welcomed a high-profile delegation from the Maldives, led by President Mohammed Muizzu and First Lady Sajidha Mohammed.

2 mins

Congress fuels hatred, desperate for power, says PM Modi

Coming down heavily on Congress, Prime Minister Narendra Modi on Wednesday accused the party of engaging in \"politics of hatred\" and desperation to regain power. He claimed that the Congress is sowing seeds of hatred in people's minds every day.

3 mins

ALIEUS HEDGE FUND RAISES USD 5 MILLION IN 30 DAYS SINCE LAUNCH

“The overwhelming response from global investors and the fact that companies are now competing to buy astake in our fund highlights the disruptive potential of our networking approach. We’re thrilled by the enthusiasm from investors in India, the UK, Malaysia, Singapore, Mexico, and beyond, and we look forward to further discussions with those interested in becoming part of our journey.” said Ashish

1 min

India's Digikore Studios Becomes First VFX Company to Create AI-Generated Video

Digikore Studios Limited (NSE--DIGIKORE), which specializes in delivering Visual Effects (VFX) for a diverse range of projects, proudly announces a groundbreaking innovation as the first VFX company in the world to create fully AI-generated motionbased video content.

2 mins

Auto OEMs anticipate steady growth amidst growth in 2W, PV and tractors: Report

Original Equipment Manufacturers (OEM) under coverage are projecting notable growth in key financial metrics for the upcoming fiscal quarter, according to Axis Securities report.

1 min

Haryana City Gas joins Reliance's MET City

Reliance subsidiary Model Economic Township Limited (METL) on Wednesday announced that Haryana City Gas (HCG) has joined its integrated Greenfield Smart City, MET City, at Jhajjar, Haryana.

1 min

Gujarat CM unveils stamp honouring 25 years of Adani's Mundra Port

In a ceremony marking 25 years of Mundra Port, Gujarat Chief Minister Bhupendrabhai Patel released a commemorative postal stamp to honour the port's contributions to India's maritime and economic growth.

1 min

CABINET EXTENDS FORTIFIED RICE SCHEME TO 2028, TACKLING ANAEMIA CRISIS

The fortified rice supply initiative under TPDS, ICDS, and PM POSHAN aims to combat anaemia and micronutrient deficiencies nationwide.

1 min

Hyundai India announces Rs 32,000 cr investment

Hyundai Motor India has planned an investment of Rs 32,000 crore in the country over the next 10 years, between 2023 to 2032, said Unsoo Kim of Hyundai Motor India during the HMIL IPO-related press conference on Wednesday at Mumbai.

1 min

Pharma revenue to surge 8.5% YoY, driven by domestic and US niche launches

Pharma Industry revenue growth is likely to grow by 8.5 per cent (YoY) and will be driven by domestic formulations and niche launches in the US market, according to a report by Axis Securities.

1 min

BAIL NOT JAIL IS JUDICIAL TREND

In the Sunil Fulchand v. Unionof India case, the Supreme Court introduced the idea of bail. In criminal law, bail is well-understood, and the Criminal Procedure Code of 1973 has extensive bail provisions. A person is granted bail if they have been arrested for an offense for which they are not eligible for bail, or if they have been found guilty following a trial. When the accused is granted bail, the court maintains its constructive contract rights based on the terms of the bond it secured from him, releasing the accused from custody.

3 mins

Opposition applauds PWD's decision to seal Kejriwal's bungalow

Opposition welcomed the Public Works Department's (PWD) decision to seal the bungalow of former Chief Minister Arvind Kejriwal.

1 min

HC issues notice on plea seeking permission for Wangchuk's protest

The Delhi High Court on Wednesday issued a notice seeking responses from the Delhi Police, the Government of NCT Delhi, and other respondents on a plea filed by the Apex Body Leh.

1 min

HC issues notice on PIL moved against 'ticket scalping' practices

The Delhi High Court on Wednesday issued a notice regarding a public interest litigation (PIL) against the practice of \"ticket scalping,\" which involves reselling event tickets at inflated prices. The plea, prompted by recent concerts featuring various artists, was brought forth by Rohan Gupta.

1 min

ATISHI ASKED TO VACATE CM HOUSE, PREMISES SEALED

The newly appointed chief minister of Delhi has been asked to vacate her official residence just two days after she moved in followed by the strong protest by opposition.

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.
* Industry news and trends: The Business Guardian also covers the latest news and trends from different industries, such as technology, finance, healthcare, and manufacturing. This coverage helps readers to stay informed about the latest developments in their respective industries.
* Corporate news and profiles: The Business Guardian also features corporate news and profiles of leading companies in India. These profiles provide readers with insights into the strategies and operations of these companies.
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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.