The Business Guardian - March 06, 2025

In this issue

March 06, 2025

India's high-net-worth individuals projected to reach 94,000 by 2028

Indians who can be considered high-net-worth individuals are projected to increase by 9.4 per cent by 2028, according to a report by global consultancy firm Knight Frank.

1 min

70% Female Workforce Participation by 2047 Key for Viksit Bharat: Labour Secy

Achieving 70 per cent female workforce participation by 2047 is crucial for building a Viksit Bharat, as it can unlock significant economic potential and drive national growth, said Sumita Dawra, Secretary, Ministry of Labour and Employment, on Wednesday in New Delhi.

1 min

Stock Market Rebounds as Sensex Gains 740 Points, Nifty Up 250

After facing a prolonged 10-session losing streak, the Indian stock market staged a sharp recovery on Wednesday, witnessing strong buying sentiments in the closing session.

1 min

Cabinet Clears Ropeway Project for Hemkund Sahib in Uttarakhand

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the construction of a ropeway project from Govindghat to Hemkund Sahib Ji in Uttarakhand.

1 min

IIHM Founder Suborno Bose Wins Lifetime Achievement Award

Dr. Suborno Bose, Chairman of the International Institute of Hotel Management (IIHM), one of India's foremost hospitality educators and a visionary in integrating technology with hospitality, has been honored with the 'Lifetime Achievement in Hospitality and Education Through Technology' award by Union Tourism Minister Gajendra Shekhawat.

2 mins

The Growing Threat of Crypto Ponzi Schemes in India and the Need for Regulation

India’s crypto market is becoming a breeding ground for deception.

2 mins

Mindteck CEO Anand Balakrishnan Resigns

Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, today announced that Anand Balakrishnan has tendered his resignation as Managing Director and Chief Executive Officer, effective May 31, 2025.

2 mins

IIM Amritsar, TimesPro Launch 5th Executive MBA Batch

Management (IIM) Amritsar, in collaboration with TimesPro, a leading higher edtech platform announced admissions to the fifth batch of its two-year Executive Master of Business Administration (EMBA) programme.

2 mins

Veeva CRM Pulse Enhances HCP Targeting in 21 Countries

Veeva Systems (NYSE: VEEV) today announced Veeva CRM Pulse, a data subscription that provides quarterly health-care professional (HCP) access and multichannel engagement metrics for the life sciences industry.

1 min

Effortless street fashion: simple looks that stand out

Making a statement with confidence and simplicity while allowing your individuality to show through without the need for ostentatious frills is the essence of effortless street style.

1 min

ACKO Offers Health Insurance to Ease Rising Healthcare Costs

ACKO introduces comprehensive health insurance plans to help families manage rising medical costs.

2 mins

Ajay Bhadoo Named CEO of Government e-Marketplace

The Government of India has appointed Additional Secretary in the Department of Commerce Ajay Bhadoo as the Chief Executive Officer (CEO) of Government e-Marketplace (GeM) with effect from March 3, 2025.

1 min

INIFD: Understanding Its Legacy and Updates

The International Institute of Fashion Design (INIFD), once a prominent name in fashion and interior design education, has faced scrutiny over recent clarifications regarding its affiliations and educational model.

1 min

Locuz partners with India AI to drive AI Innovation

Locuz, in collaboration with AWS, is proud to announce its selection as a key partner in the prestigious IndiaAI Mission, an initiative by the Government of India to democratize access to high-performance computing resources to foster AI innovation across the nation.

1 min

Beams Fintech Fund Leads $70M Investment in InsuranceDekho

Beams Fintech Fund, a leading growth-stage private equity fund focused on the Fintech and Financial Services sector, has announced a follow-on investment in its portfolio company, InsuranceDekho, as part of a $70 million funding round.

2 mins

Bosch Power Tools Unveils New Hand & Industrial Tools

Bosch Limited, a leading global supplier of technology and services announces the launch of its latest Hand Tools for professionals and artisans, along with advanced Industrial Tools designed to simplify assembly line operations.

2 mins

Livestock Programme Approved

The total outlay of the revised Livestock Health and Disease Control Programme scheme is Rs 3,880 crore for two years.

1 min

Coal Production From Captive, Commercial Mines Grows 33%

The total coal production from captive and commercial mines for the financial year 2024-25 has reached 167.36 million tonnes (MT) as of February 2025, the Ministry of Coal said in a release on Wednesday.

1 min

Platinum alloy imports now under 'restricted' category

India on Wednesday imposed import restrictions on platinum alloys with purity less than 99 per cent, apparently aimed at curbing unfair trade of the precious metal.

1 min

Stock Market Rebounds Strongly After 10-Day Losing Streak

Among the top gainers were Adani Ports, Tata Steel, Adani Enterprises, Power Grid, and M&M.

1 min

Achieving 70% Female Workforce Participation by 2047: Labour Secy

Achieving 70 per cent female workforce participation by 2047 is crucial for building a Viksit Bharat, as it can unlock significant economic potential and drive national growth, said Sumita Dawra, Secretary, Ministry of Labour and Employment, on Wednesday in New Delhi.

1 min

Empowering youth, shaping the future

Youth is society's biggest strength but also its liability. If they are seen as a liability then society has nothing to look forward to. However, if seen as a strength, then the sky is the limit for growth and development.

2 mins

India Poised to Become Global Chemicals Supply Hub: McKinsey

\"Despite increased competition, moderating industry demand, and geopolitical uncertainties, Indian chemicals companies have substantial long-term value creation potential,\" the report added.

1 min

How PM Modi's Agri Reforms Cultivating a Resilient and Empowered Rural India

In June 2024, as Narendra Modi began his third term as Prime Minister of India, his first action set the tone for a renewed commitment to farmers.

4 mins

It's About Own Relevance

For how long did the \"Coalition of the Willing\" last—the coalition where the European countries including Britain were getting together to cook up an army of the \"European Willing\" to send troops to Ukraine to fight Russia?

3 mins

University degrees? Is that the only career path today?

Rather than spending four years in a classroom, some industries value hands-on experience. Many companies, particularly in manufacturing, design, digital marketing, and hospitality, prefer apprenticeships, internships, and on-the-job training.

2 mins

Why did Atal Bihari Vajpayee oppose delimitation?

Political/Law Impact: His government enacted the 84th Constitutional Amendment in 2002, which extended the freeze on Lok Sabha and Assembly seat reallocation for another 25 years (until after the 2026 Census).

1 min

Redrawing Democracy Or Rewriting Power?

Delimitation is a neutral exercise in maintaining democratic representation or a strategic move that shifts political power dynamics? The ongoing debate, especially concerning the north-south divide and population-based seat allocation, provokes thought about the broader consequences of redrawing electoral boundaries in India.

3 mins

Supreme Court Sets Aside BCI Order Dismissing Complaint Against Law Firm, Directs Reconsideration: ‘No Reason Recorded

The complainant also claimed that he was misled by the lawyers into giving a \"no-objection\" letter for their representation, as the connection between the law firm and the ARC was not fully disclosed to him then.

2 mins

HC: Time spent before 'wrong' court excluded under Section 14 of Limitation Act while calculating limitation period under Section 34 of Arbitration Act

The Delhi High Court in the case Incite Homecare Products Pvt Ltd Versus R K Swamy Pvt Ltd Erstwhile RK Swamy BBDO Pvt Ltd observed and has held that during the calculation of the limitation period of three months for the application under Section 34(1) of the Act, the time during which the applicant was prosecuting such application before the wrong court is excluded.

1 min

SC: Non-executive and independent company directors not liable for cheque's dishonour unless their direct involvement shown under Section 141 of NI Act

The Supreme Court in the case K.S Mehta Versus M/S Morgan Securities And Credits Pvt Ltd. observed and has reiterated that non-executive and independent directors of a company cannot be held vicariously liable for the company's obligations under the Negotiable Instruments Act, 1881, NI Act, unless their direct involvement in the company's financial transactions is established.

2 mins

Supreme Court: 'IAS officers want to show supremacy over IPS and Forest Service officers'

The Supreme Court in the case IN Re: T.N. Godavarman Thirumulpad Versus Union of India And Ors was hearing the forest protection matter, wherein the Supreme Court bench of Justice BR Gavai took exception to a persisting conflict between Indian Administrative Service, IAS officers on one hand and the Indian Police Service, IPS and Indian Forest Service, IFS officers on the other.

1 min

Supreme Court: State's failure to develop medical infrastructure facilitated growth of private hospitals

The Supreme Court in the case Siddharth Dalmia And Anr Versus Union Of India And Ors observed wherein the Public Interest Litigation, PIL is filed raising issues of private hospitals' alleged compulsion of patients to buy medicines etc. from only the hospital-recommended pharmacies.

1 min

SC hints at CBI probe: 'Poor homebuyers in NCR taken to ransom, nexus between banks and builders must be investigated'

Further, the bench opined that an in-depth probe was needed to unearth the nexus between the builders and the banks.

2 mins

Sack Shinde, several scams have taken place under him: Aaditya Thackeray

Shiv Sena (UBT) MLA Aaditya Thackeray on Wednesday blamed Maharashtra Deputy CM Eknath Shinde for allegedly being behind several scams in the state.

1 min

Abu Azmi Suspended for Entire Budget Session Over Remarks on Aurangzeb

Maha Speaker suspends SP MLA after proposal was brought in Assembly

2 mins

Will continue to fight for justice: Sule over Sarpanch murder case

Nationalist Congress Party (SP) MP Supriya Sule along with other party leaders held silent protest over Beed Sarpanch Murder case and said that they will continue to fight for the justice.

1 min

Not just install Sengol, uninstall Hindi from Union govt offices

Tamil Nadu Chief Minister M K Stalin on Wednesday called out BJP's actions, urging them to make Tamil an official language, halt Hindi imposition, and prioritize Tamil Nadu's development rather than symbolic gestures like installing Sengol.

2 mins

MP to Soon Get 9th Tiger Reserve, to Boost 'Tiger State' Status: CM

Madhya Pradesh Chief Minister Mohan Yadav on Wednesday said that the state would get its ninth tiger reserve as 'Madhav Tiger Reserve' soon.

1 min

2 Workers Dead, 1 Injured in Mine Accident in Maharashtra

Two workers were killed and another was injured as a slab collapsed in the Chikhla mines owned by Manganese Ore (India) Limited (MOIL), located in the Bhandara district of Maharashtra, officials confirmed on Wednesday.

1 min

Probe underway: Karnataka Home Minister on actress Ranya Rao's arrest

Following the arrest of Kannada actress Ranya Rao by the Directorate of Revenue Intelligence (DRI) for allegedly smuggling 14.8 kilograms of gold from Dubai, Karnataka Home Minister G Parameshwara said that the investigation is ongoing and assured that the law applies equally to everyone.

1 min

10,000 Biogas Plants, cleaner cooking for women, and new income streams for dairy farmers: NDDB and Sustain Plus join hands to create 'Climate-Smart Dairy Villages'

In a significant move to transform India's rural dairy economy, the National Dairy Development Board (NDDB) and Bangalore-based NGO, Sustain Plus have joined forces to roll out a large-scale circular dairy program that will install 10,000 biogas plants across 15 states in India including Uttar Pradesh, Gujarat, Madhya Pradesh and Bihar.

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.