The Business Guardian - October 13, 2024

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October 13, 2024

Mining and construction equipment industry to expand by 70-80%

India's mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 per cent in the next 5-7 years, highlighted ICRA in a report.

1 min

Global Biofuel Alliance to set up secretariat in India

In a significant move, India signed the Host Country Agreement (HCA) with the Global Biofuels Alliance (GBA) to officially establish the Alliance's Secretariat in India.

1 min

Decline in August IIP is due to base effects and excessive rain

The decline in the India's industrial production for August 2024 is mainly due to base effects and heavy rainfall, which impacted key sectors, highlighted a report by SBI.

1 min

India’s digital space has opportunities to add USD 900 bn by 2030

India's digital space presents a significant opportunity of additional USD 900 billion by 2030, according to a report by Motilal Oswal.

1 min

INDIA'S NET DIRECT TAX COLLECTIONS UP 18.35%

India's net direct tax collection for the financial year 2024-25 has seen a significant surge, with an increase of 18.35 per cent to almost Rs 11.26 lakh crore year on year, as of 10 October, the data from the Central Board of Direct Taxes (CBDT) shows.

1 min

INDIAN BONDS SHOW NEUTRAL TO MARGINALLY ATTRACTIVE VALUATION COMPARED TO EQUITY

Indian bonds currently appear neutral to slightly attractive compared to the equity market, as well as their own historical performance during previous rate-cutting cycles, highlighted a report by SBI Mutual Fund.

1 min

India's foreign exchange reserves see USD 3.7 billion dip

India's foreign exchange reserves dipped USD 3.7 billion to USD 701.18 billion as of October 4 after scaling all-time high, according to data released by Reserve Bank of India on Friday. In the week ending on September 27, the forex reserves kitty rose USD 12.588 billion to USD 704.885 billion.

1 min

STABLE INCOME INVESTMENT ALTERNATIVE WITH POWERGRID LEADING THE CHARGE

Traditional bank fixed deposit, post office, and government bond investors have now an alternative investment avenue in InvITs. Indian Infrastructure Investment Trusts or InvITs are listed on the stock exchanges offering liquidity and higher returns compared to other traditional similar categories of investment. They have gained credibility and popularity as an investment avenue in recent years as they allow individual and institutional investors to invest in infrastructure assets such as roads, power transmission, and renewable energy projects.

3 mins

India & Europe: FEBI to push FTA negotiations

Philip Ackermann, the German Ambassador to India, expressed his happiness over the launch of the Federation of European Business in India (FEBI) in Delhi adding the organisation will push the free trade agreement (FTA) negotiations between India and Europe.

1 min

INDIAN AUTO SECTOR SEES USD 1.9 BILLION INVESTMENT IN Q3 2024

The Indian automotive sector witnessed a significant resurgence in the third quarter of 2024, with 32 deals amounting to USD 1.9 billion across mergers and acquisitions (M&A), private equity (PE), initial public offerings (IPO), and qualified institutional placements (QIP), the as per the report by Grant Thornton. This marked the highest quarterly activity since the fourth quarter of 2021, it added.

1 min

FICCI report projects USD 15 bn Taiwanese investment potential

The Federation of Indian Chambers of Commerce and Industry (FICCI) has highlighted five key manufacturing sectors in India with substantial investment potential for Taiwan.

2 mins

BMW Group introduces the Retail.NEXT

BMW Group India announced the launch of Infinity Car's Retail.NEXT showroom in Worli.

2 mins

Buzzway announces range of transportation services

Buzzway, the leading cab service provider in the region, announced a range of transportation services. The local taxi service, one-way and round-trips, luxury cabs, corporate transport for groups, wedding transport for wedding parties, and airport transfer services for flight transfers are all owned by Avadh Gondhiya's vision in Buzzway's diversified service offerings.

1 min

Auto OEMs anticipate steady growth

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

HYUNDAI INDIA IPO WILL OPEN FOR SUBSCRIPTION FROM 14-15 OCTOBER

The much-awaited public issue of Hyundai Motor India will be up for subscription starting October 15, its red herring prospectus showed on Tuesday.

1 min

Hyundai India will invest Rs 32,000 crore in India

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

DPDP Act and digital health: Is your software fit for purpose?

The intersection of the Digital Personal Data Protection Act (DPDP) 2023 and digital health poses a critical question: Is your software equipped to meet the demands of this evolving regulatory landscape? As the digital health sector continues to expand and innovate, ensuring compliance with the stringent requirements of the DPDP Act is essential for technology providers.

2 mins

SUPREME COURT CORRECTS GENDER-BASED MISCONCEPTIONS

Recently, the Supreme Court has taken a significant step towards change by releasing a handbook for judges and lawyers to use in court, replacing words filled with anti-women sentiments in the name of long-standing male dominance with new words.

5 mins

"'WHERE WOULD ONE GO TO SATISFY SEXUAL URGES IF NOT THEIR PARTNER,' SAYS COURT

The Allahabad High Court recently quashed dowry charges against Pranjal Shukla, concluding that the allegations stemmed more from personal disputes than legitimate claims of harassment.

1 min

Journalist arrested in GST fraud, seeks relief

Senior journalist Mahesh Langa has been recently arrested in connection with an alleged GST-related fraud case and has approached the Gujarat High Court to challenge a magistrate's decision to remand him to police custody for 10 days.

1 min

DELHI HIGH COURT WARNS AGAINST FRIVOLOUS LITIGATION

In a recent judgment, the Delhi High Court dismissed a plea from the Delhi State Prosecution that sought to appeal the acquittal of a man accused in a false attempt to rape case.

2 mins

TICKET SCALPING: PIL FILED AGAINST DILJIT DOSANJH

A public interest litigation has been filed in the Delhi High Court on Wednesday challenging the illegal and exploitative practice of \"ticket scalping,\" which involves reselling event tickets at inflated prices, disadvantaging the general public.

1 min

Court refuses plea seeking 'One Nation One Ration' card scheme

The Bombay High Court recently declined to entertain a plea seeking the implementation of the One Nation One Ration Card scheme, citing discrepancies in the maximum income cap for the Economically Weaker Section (EWS) quota compared to the Food Security Act.

2 mins

Audi kills delivery man by ramming his bike

A tragic accident in Pune late Thursday has resulted in the death of a Swiggy delivery man and injuries to 3 others after an Audi car struck 2 motorcycles within minutes.

1 min

UP court sentences man to life

A court in Uttar Pradesh's Balia has sentenced a man to life imprisonment in a 2-years-old murder case.

1 min

NBCC signs MoU with Navodaya Vidyalaya

NBCC (India) Ltd. has signed a Memorandum of Understanding (MoU) with Navodaya Vidyalaya Samiti to embark on a transformative educational initiative.

1 min

Korea Tourism Organization India signs MoU with IRCTC South Zone

The Korea Tourism Organization (KTO) India office has signed a significant Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) South Zone to promote cross-cultural tourism and strengthen travel ties between India and South Korea.

1 min

VITAMIN ANGELS AND AKSHAYA PATRA ANNOUNCE PARTNERSHIP

Akshaya Patra and Vitamin Angels India have joined forces to address the critical issues of hunger and hidden hunger in select parts of the country. The announcement came on the sidelines of a business roundtable held in Mumbai recently.

2 mins

KETRACO SIGNS PACT WITH ADANI ENERGY

Kenya Electricity Transmission Company Limited (KETRACO) has signed an agreement with Adani Energy Solutions Limited to enhance national electricity infrastructure, a statement released by Opiyo Wandayi, EGH, the Kenyan Cabinet Secretary for energy and petroleum said in a statement.

1 min

Oriano Solar wins EPC order for 184 MWp Solar PV project

Oriano Clean Energy Private Limited, India's leading Cleantech Company, in solar Development & EPC has been awarded a contract to build 184 MWp of Solar PV projects in Agar, Malwa, Madhya Pradesh by Blueleaf Energy, a leading pan-Asian renewable energy platform.

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.
* 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.
* Management and leadership: The Business Guardian also features articles on management and leadership. These articles help readers to develop their skills and knowledge in these areas.

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.