The Business Guardian - October 07, 2024

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October 07, 2024

Tripura Police seize yaba tablets worth Rs 2.55 cr

DHALAI On Saturday, Tripura Police made a significant breakthrough in their ongoing efforts to combat drug trafficking by seizing a large consignment of 102,000 Yaba tablets, valued at approximately Rs 2.55 crore.

3 mins

Delhi court issues FIR against former fashion designer employees for breach of trust

NEW DELHI A Delhi court has directed the Delhi Police to file an FIR against former employees of eminent and renowned fashion designer Pallavi Mohan for criminal breach of trust.

1 min

PSB profits to dip 0.6% QoQ: Motilal Oswal

NEW DELHI As the earnings season for the second quarter of FY25 unfolds, public sector banks (PSBs) are expected to experience a slight decline in profits compared to the previous quarter, according to a report by Motilal Oswal.

2 mins

Karnataka businessman missing, car found near Mangaluru's Kulur bridge

MANGALURU Mangaluru police have launched an extensive search operation following the mysterious disappearance of a businessman early Sunday morning.

1 min

FPIS SELL RS 27,142 CR IN INDIAN STOCKS IN JUST 3 DAYS: NSDL

NEW DELHI The Indian stock market has been experiencing heavy selling pressure since the beginning of October, driven by Foreign Portfolio Investors (FPIs) pulling out large sums.

1 min

LIC raises stake in Bank of Maharashtra from 4.05% to 7.1% via QIP

NEW DELHI Life Insurance Corporation of India (LIC) has announced a significant increase in its stake in the Bank of Maharashtra, reflecting its growing confidence in the bank's potential for future growth.

1 min

Tirumala Temple denies centipede found in anna prasadam

TBG NETWORK TIRUPATI Tirumala Tirupati Devasthanams on Saturday condemned the allegations of a centipede found in the Anna Prasadam at Madhava Nilayam and called them false and unfounded, as per a release issued by the Chief Public Relations Officer.

2 mins

UP CM Yogi assesses preparations for Mahakumbh in Prayagraj

PRAYAGRAJ Uttar Pradesh Chief Minister Yogi Adityanath reviewed the preparations for Mahakumbh and performed puja in Prayagraj on Sunday.

1 min

CONGRESS LEADERS MEET FARMERS IN NAGOLE ON MUSI RIVERFRONT PROJECT: TELANGANA

MEDCHAL Congress leaders, including Members of Parliament (MPs) and Members of the Legislative Assembly (MLAs), convened a meeting with farmers in Nagole to discuss the Musi Riverfront Development Project, which they deemed vital for the agricultural community in the region.

2 mins

Public Sector Bank profits expected to decline by 0.6% QoQ: Motilal Oswal Report

Looking ahead, private sector banks are expected to experience steady profitability growth, with earnings projected to grow at a CAGR of 12.4 per cent over FY24-FY26.

1 min

Foreign investors offload 27,142 crore in stocks over just 3 trading sessions in October: NSDL

NEW DELHI The Indian stock market has been experiencing heavy selling pressure since the beginning of October, driven by Foreign Portfolio Investors (FPIs) pulling out large sums.

1 min

Bank of Baroda rises 4% on healthy Q2 update; Citi, Morgan Stanley forecast up to 17% upside

MUMBAI Shares of Bank of Baroda surged by 4 percent to Rs 255 per share on October 4, after the public sector lender released its business update for the second quarter of FY25.

1 min

Swiggy nears 25 crore sponsorship deal for Shark Tank India Season 4 ahead of IPO

TBG NETWORK NEW DELHI IPO-bound food and grocery platform Swiggy is close to finalizing a deal to sponsor the fourth season of Shark Tank India for 25 crores.

1 min

FICCI hosts Bharat R&D summit 2024 to foster industry-academia collaboration

The Federation of Indian Chambers of Commerce and Industry (FICCI) organised the Bharat R&D Summit 2024 in New Delhi on Saturday, aimed at enhancing collaboration between industry and academia to propel research and innovation in India.

1 min

Healthify only Indian startup featured at OpenAI DevDay 2024

NEW DELHI Healthify, an innovative Indian startup, has made a significant mark on the global tech landscape by being the only Indian company featured at OpenAI's highly anticipated DevDay 2024.

1 min

SITHARAMAN MEETS BHUTANESE COUNTERPART, G20 INDEPENDENT EXPERT GROUP

The discussion emphasized growing financial cooperation, with Bhutan adopting India's BHIM UPI and RuPay, enhancing cross-border digital infrastructure.

1 min

Q2 economic outlook boosts exports, employment growth: CII

NEW DELHI India's economic outlook for the second quarter (Q2) of the financial year (FY) 2025 appears promising, with the industry expecting greater export orders and enhanced employment sentiment in the country, a survey by the Confederation of Indian Industry (CII) stated.

1 min

Hyundai IPO not great deal for Indian investors: Report

Hyundai Motor Company, the parent firm based in South Korea, is set to offload shares worth Rs 25,000 crore through an Offer for Sale in the Indian market.

2 mins

PSBS' Q2 profits dip

NEW DELHI As the earnings season for the second quarter of FY25 unfolds, public sector banks (PSBs) are expected to see a slight dip in profits compared to the previous quarter, according to a report by Motilal Oswal.

1 min

Tomato prices soar to Rs 120/kg amid supply crisis

INDORE Tomato prices have skyrocketed in Indore, with retail prices surpassing Rs 120 per kilogram, according to vegetable traders from the city's Choithram market.

1 min

75% tech leaders eye generative AI for competitive edge: Report

With artificial intelligence (AI) gaining prominence in businesses, seventy-five per cent of technology leaders are exploring Generative AI for implementation within the next year, according to Experian's report conducted by Forrester Consulting.

1 min

ILLEGAL IMMIGRATION ISSUE IN JHARKHAND: A CRITICAL NATIONAL CONCERN

In 2017, the Ministry of Home Affairs (MHA) issued a crucial directive to all states, emphasizing the need to identify and verify the presence of Rohingya refugees and other illegal immigrants.

4 mins

SC: Suspension Of Sentence Can't Be Denied Merely Because Another Trial Is Pending Against Accused | Section 389 CrPC

The Supreme Court in the case Jitendra And Ors. Versus State Of Uttar Pradesh observed that a pendency of trial against the accused in one case cannot be a ground to deny him the benefit of a suspension of sentence.

1 min

SC Dismissed Petition Seeking Review Of Judgement Which Struck Down Electoral Bonds Scheme

The Supreme Court in the case Mathews J Nedumpara and Another vs. Association for Democratic Reforms and Others observed and has dismissed the petition filed seeking a review of the Constitution Bench judgment which struck down the Electoral Bonds scheme as unconstitutional.

1 min

High Court's New Division Bench Headed By Justice Navin Chawla To Hear Umar Khalid, Sharjeel Imam Bails Tomorrow: Delhi Riots

The new bench along with Umar Khalid and Sharjeel Imam will also hear the bail petitions of co accused persons Mohd. Saleem Khan, Shifa ur Rehman, Shadab Ahmed, Athar Khan, Khalid Saifi and Gulfisha Fatima.

1 min

SUPREME COURT ORDERS SURPRISE INSPECTIONS OF ASSAM'S MATIA TRANSIT CAMP TO ASSESS HYGIENE AND LIVING CONDITIONS

The court directed the Union Ministry of Home Affairs, MHA and the Assam Government to respond on how they planned to deport these foreign nationals. The court while considering the facts and circumstances of the case noted that while Assam has filed an affidavit in this regard, the Union of India hasn't.

2 mins

High Court: Illegal Sale Of Liquor Contrary To Delhi Excise Act Big Menace, Needs To Be Curbed With Heavy Hand

NEW DELHI The Delhi High Court in the case Ms. Monika v. State NCT of Delhi And Ors observed that 'bootlegging and illegal' sale of liquor, which being contrary to the provisions of Delhi Excise Act, is a big menace to the society and needs to be curbed with a heavy hand.

1 min

Punjab and Haryana High Court Declines Transfer Cruelty Case Over Claims That Trial Judge Was Being Influenced By Bar Member: Allegations Made To Pollute Stream Of Justice'

NEW DELHI The Punjab and Haryana High Court in the case VXXXXX v. State of Punjab & Anr observed and has dismissed the petition filed to transfer a cruelty case from a district court filed on the ground that the judge was allegedly acting under the influence of a bar member who was related to the petitioner's wife, observing that \"allegations made by the petitioner have the tendency to pollute the stream of justice.\"

2 mins

Police arrest supplier and owner of illegal weapons factory in Meerut

MEERUT Delhi Police on Sunday arrested two persons for running an interstate illegal arms supply cartel in Uttar Pradesh's Meerut.

1 min

Court orders FIR against former employees of fashion designer

A Delhi court has directed the Delhi Police to file an FIR against former employees of eminent and renowned fashion designer Pallavi Mohan for criminal breach of trust.

1 min

Police detain AAP minister Saurabh Bharadwaj

NEW DELHI AR AL Delhi police on Saturday detained Aam Aadmi Party leader Saurabh Bharadwaj and other party leaders who were protesting outside LG VK Saxena's residence on the issue of regularising bus marshals and civil defence volunteers.

1 min

'TOOK AWAY JOBS OF 10,000 BUS MARSHALS...': ATISHI SLAMS BJP

The bus marshals have been protesting to get reinstated after Delhi Lieutenant Governor VK Saxena terminated their services in October last year.

2 mins

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