The Business Guardian - October 29, 2024

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October 29, 2024

MODI 3.0'S 'SCIENCE PUSH' TARGETS A DEVELOPED INDIA: JITENDRA SINGH

Union Minister of State for Science and Technology Jitendra Singh outlined the Modi government's ambitious \"science push\" under its third term, aimed at establishing a 'Viksit Bharat'

3 mins

NMDC Group reports AED 2.2 bn net profit for first 9 months of 2024

NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has announced its financial results for the nine-month period ending 30th September 2024, reporting an impressive 68 per cent growth in revenues and a 45 per cent surge in net profits compared to the same period last year.

1 min

IndiGo receives security alerts for 15 flights

At least 15 flights operated by IndiGo received security-related alerts on Sunday, following which the airline resorted to necessary precautions while being in touch with the relevant authorities.

2 mins

Minister G Kishan Reddy urges Telangana govt to release economic white paper

Union Minister and Telangana BJP President G Kishan Reddy on Sunday demanded from the Congress government to release a white paper on the financial situation in Telangana.

1 min

Rural Development Ministry denies decline in MGNREGS Employment

In response to recent reports claiming a 16 per cent dip in employment generation in the first half of the current year under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the Ministry of Rural Development (MoRD) clarified that the program is well-funded to meet the fluctuating demand for rural labour.

2 mins

Tejasvi Surya completes ironman 70.3; PM Modi praises achievement

Bharatiya Janata Party MP Tejasvi Surya on Sunday, became the first public representative to complete the Ironman 70.3 Challenge in Goa, which included 2 km of swimming, 90 km of cycling, and 21 km of running, the leader's office stated in a release.

2 mins

Bilawal calls 26th amendment 'Historic' in meeting with PM Shehbaz

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari recently held a significant meeting with Prime Minister Shehbaz Sharif in Lahore, where he lauded the 26th Constitutional Amendment as a \"historic achievement.\"

1 min

50K Student affiliates of Sheikh Hasina's party now in hiding

Bangladesh Chhatra League (BCL), the student wing of former Prime Minister Sheikh Hasina's Awami League (AL) party, ruled over Bangladesh for over 15 years before she was ousted and forced to flee following a student-led movement in August.

2 mins

Uttarakhand CM Dhami Meets Union Minister Shekhawat To Discuss Promoting Religious Sites

Uttarakhand Chief Minister Pushkar Singh Dhami met Union Minister Gajendra Singh Shekhawat on Sunday, and held discussions on promoting the state's religious sites, adventure tourism, eco-tourism, and cultural heritage.

1 min

Crisil: OMCs' operating profit to fall 30% in FY25 due to softening diesel spread

Marketing companies (OMCs) are expected to see a drop in operating profit to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal, Crisil Ratings reported.

1 min

Crisil: Construction and Agriculture slow India Inc's Q2 revenue growth to 5-7%

Sluggish performance in construction, industrial commodities, and investment-linked sectors has led to the moderation in Indian Inc's revenue growth, CRISIL Market Intelligence and Analytics observed.

1 min

Experts: FII selling and weak earnings to affect market sentiment next week

After the Indian stock markets extended their loss for the fourth consecutive week, dropping over 2.5 percent, the two primary concerns, the foreign institutional investors (FIIs) selling and weak earnings are expected to continue influencing sentiment into the coming week, as per the market experts.

1 min

Traders expect Rs 4.25 L Cr turnover this Diwali: CAIT

As Diwali approaches, preparations are in full swing across Delhi and various parts of India, with traders anticipating a significant turnover of approximately Rs 4.25 lakh crore during this festive season.

2 mins

FMCG AND RETAIL TACKLE INFLATION, SEEK FESTIVE BOOST

With corporate earnings under pressure and inflation impacting consumers, FMCG and retail companies have managed to navigate the challenging festive season this year.

2 mins

MOFSL: Silver expected to hit Rs 1.25L target in 12-15 months

The performance of silver could either match or outperform gold in the medium to long term, as silver prices are expected to reach Rs 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) and USD 40 per ounce on the COMEX within the next 12 to 15 months, the Motilal Oswal Financial Services Ltd (MOFSL) said.

1 min

Bihar, UP, Karnataka leading growth of microfinance industry: Report

States like Bihar, Uttar Pradesh and Karnataka are emerging as leaders of growth in the microfinance industry.

1 min

FIIB Research Conference Concludes, Attended by 200+ Participants and 70+ Leading Global Industry Experts

Fortune Institute of International Business (FIIB), one of India's pioneering business institutes, successfully hosted the 9th edition of FIIB Research Conference (FRC), themed \"Reimage, Rethink, and Redesign Business\", inspiring innovative, meaningful, and impactful business, and management solutions.

3 mins

NTPC Green Energy gets SEBI nod for Rs 10,000 crore IPO

Additionally, it has 10,975 MWs of capacity under pipeline, aggregating to 25,671 MWs together with its portfolio.

1 min

ADANI POWER SALES SURGE 29% AMID DEMAND RISE

Consolidated continuing EBITDA for the first half 2024-25 was higher by 38.3 per cent at Rs 11,692 crore versus Rs 8,457 crore same period last year; due to greater volumes as well as lower fuel and operating costs.

1 min

Cement demand is likely to grow 4-5% during FY25

Ambuja Cements, whole time Director & CEO Ajay Kapur, expressed optimism regarding the company's outlook and said cement demand is likely to grow in the range of 4-5 per cent in FY25.

1 min

AI pioneer revolutionises travel experience

In a male-dominated tech industry, one woman has risen as a pioneering force, reshaping travel technology with artificial intelligence. Basudha Srivastava Narula's, founder startups ExpressEarth Digital Services and EmpFly, journey to disrupt the sector; her company, utilizing cutting-edge AI algorithms, personalizes travel experiences for users, making trip planning not only seamless but also highly intuitive.

1 min

Wealth management firms set to double AI budgets: Wipro

These findings suggest that AI offers wealth management firms a chance to innovate, stand out, and succeed in an increasingly competitive market,\" said Ritesh Talapatra, Vice President and Sector Head for Capital Markets and Insurance, Wipro Limited.

1 min

Punjab govt to adopt Delhi model to improve urban facilities in State

Mann holds municipal commissioners' meet in Delhi

1 min

54 LMT PADDY PROCURED OUT OF 59 LMT THAT ARRIVED IN MANDIS: MINISTER KATARUCHAK

Further, the lifting has also picked up speed with total 23,30,117.58 MT of paddy being lifted as of now and a record 4.13 LMT lifted in a single day on October 27th.

1 min

Rape victims entitled for higher compensation under 2018 scheme, even in cases retrospectively: High Court

In a landmark ruling, the Punjab and Haryana High Court determined that rape victims are eligible for compensation under the Union Territory of Chandigarh Victim Assistance Scheme, 2018, even if the conviction of the accused occurred prior to the scheme's enforcement.

1 min

Harjinder Dhami wins SGPC president post fourth consecutive time

In a resounding victory, Harjinder Singh Dhami successfully secured his fourth consecutive term as president of the Shiromani Gurdwara Parbandhak Committee (SGPC), defeating contender Jagir Kaur by a significant margin of 74 votes.

2 mins

Akali-BJP and Congress have sheltered drug mafia, alleges AAP's Neel Garg

After 105 kilograms of heroin was recovered from a Congress leader, Aam Aadmi Party (AAP) Punjab's senior spokesperson Neel Garg stated that they have always said that the previous Akali-BJP and Congress governments promoted drugs and provided political shelter to the drug mafia.

1 min

Finance Minister Cheema announces free insurance for Mid-Day meal workers

Punjab Finance, Planning, and Excise Minister Advocate Harpal Singh Cheema on Monday announced that the Punjab Mid-Day Meal Society has signed an agreement with Canara Bank, under which mid-day meal cooks and helpers will be insured free of cost.

1 min

Punjab heroin haul: One more arrested with 6 kg heroin

In the follow-up investigations in the 105 kg heroin haul case, Punjab Police have arrested one more associate of Turkey-based drug smuggler Navpreet Singh alias Nav Bhullar and recovered an additional chunk of 6kg heroin from his possession, taking the total recovery to 111 kg in this case, said Director General of Police (DGP) Punjab Gaurav Yadav here on Monday.

1 min

QUEST FOR INDIGENOUS JET ENGINE

Swavlamban 2024, held by the Indian Navy in New Delhi, showcases India's strides in indigenous defence technology, promoting self-reliance and innovation.

7 mins

Bar Council Of Indian Removes 107 Fake Advocates From Rolls In Delhi

The Bar Council of India, BCI has removed 107 fake advocates from the Roll of Advocates in the State of Delhi.

1 min

Kerala High Court: Scope Of Judicial Review In Technical Matters Related To Infrastructure Projects, Land Acquisitions Is Limited

The Kerala High Court in the case Wahabuddin V State Of Kerala & Other Cases observed and has dismissed the appeal against an order wherein the court rejected the challenge to a land acquisition for construction of a Railway Over Bridge, ROB at Edava in Thiruvananthapuram District.

1 min

Places of Worship or Ancient Monuments-Trajectory of Triumph or Throttle

1. Justice (Retd.) Jyotsna Sharma; Siddharth Shankar Dubey The Places of Worship (Special Provisions) Act, 1991 (hereinafter referred as 'the 1991 Act') commonly referred to as the Places of Worship Act, was introduced with the primary intent of preserving the religious character of places of worship as they existed on August 15, 1947. This was done to prevent the conversion of any religious sites and to ensure communal harmony across India. On the other hand, the Ancient Monuments and Archaeological Sites and Remains Act, 1958 (hereinafter referred as 'the 1958 Act') was enacted to protect and preserve historical, cultural, and archaeological sites of national importance.

6 mins

ALLAHABAD HIGH COURT: WHILE FILING APPLICATION UNDER SECTION 8 OF ARBITRATION ACT, APPLICANT IS NOT REQUIRED TO DISPUTE CONTENTS OF PLAINT

The Allahabad High Court in the case Atul Pratap Singh v. Indian Oil Corporation Limited and 3 Others observed and has held that there being no requirement for the applicant to dispute the contents of the plaint, while filling in an application under Section 8 and the very fact that an application has been filed necessarily means that the applicant wants to refer the dispute to arbitration.

2 mins

Delhi High Court Issued Notice To Centre On AAP's Plea For Allotment Of Residential Accommodation To Arvind Kejriwal

The Delhi High Court in the case Aam Aadmi Party vs. Union Of India Through Its Secretary, Ministry Of Housing And Urban Affairs & Anr observed wherein the Aam Aadmi Party, AAP has filed the petition wherein directing the Union of India, the Ministry Of Housing And Urban Affairs to allot a residential accommodation to Arvind Kejriwal, in his capacity as the National Convenor of the party.

1 min

DELHI MINISTER URGES LG TO CRACK DOWN ON ILLEGAL SALE OF

Amid rising pollution concerns and with Diwali just three days away, Delhi Environment Minister Gopal Rai has written to Lieutenant Governor Vinai Kumar Saxena urging immediate action against those involved in the illegal sale and distribution of firecrackers.

1 min

Akhilesh attacks BJP says Delhi pollution 'annual' topic

Samajwadi Party chief Akhilesh Yadav on Sunday called the Delhi pollution issue an \"annual\" topic and said its effects had started reaching Uttar Pradesh.

1 min

BJP urges Punjab CM to act on stubble burning

As stubble burning in Punjab rises, air pollution in Delhi has worsened, causing severe distress for residents.

1 min

NGT issues notice to Delhi police chief, traffic commissioner

The National Green Tribunal has sought responses from the Delhi police chief and the special commissioner of traffic management about measures taken to mitigate air pollution due to vehicular movement and parking issues.

1 min

AAP govt to reinstate bus marshals and CDVs in Transport, MCD and DPCC teams

The Aam Aadmi Party (AAP) government announced on Monday that it would re-employ the bus marshals and Civil Defence Volunteers (CDVs), who were previously dismissed, in the Transport Department, Municipal Corporation of Delhi (MCD), and Delhi Pollution Control Committee (DPCC) to combat pollution.

1 min

AAP launches 'Diya Jalao' campaign

As the national capital battles ever-increasing pollution during the festival season, Delhi Environment minister Gopal Rai said on Monday that the government will be kicking off the 'Diya Jalao' campaign today evening, as there is a possibility of increased pollution in the city in the next 15 days.

1 min

City's air pollution persists in 'Very Poor' category

I am having trouble breathing and been sick due to pollution for the past few days, which is forcing him to return to his village. — Sukhram, Resident

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:

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