The Business Guardian - December 27, 2024

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December 27, 2024

Chinese national got 10 years for laundering $62 million in drug money

A federal judge in Chicago on December 20 sentenced Haiping Pan, a 44-year-old Chinese national, to 10 years in prison for his role in laundering USD 62 million in drug proceeds on behalf of Mexican drug traffickers.

1 min

Customer in Delhi spent Rs 20 lakh on quick commerce in 2024

India's love for convenience and quick deliveries not only continued to grow in 2024 but also shows customers fascinating spending patterns.

1 min

Veekayem Fashion reports 20% profit growth in H1 FY 2025

Veekayem Fashion and Apparels Limited, an NSE-listed leading player in the textiles segment, registered a robust growth of 20% in the first half of the current financial year.

1 min

Supreme Facility Management Partners With Komorebi Tech To Boost MMR Mobility

Supreme Facility Management Limited (NSE - SFML), specializing in comprehensive Integrated Facilities Management and Support Services, is pleased to announce a strategic partnership with Komorebi Tech Solutions Private Limited.

1 min

BHARAT FINTECH SUMMIT 2025-SHAPING THE FUTURE OF DIGITAL FINANCE IN INDIA

The Bharat Fintech Summit 2025 will explore the theme \"Navigating the Next Wave of Digital Finance\", focusing on key trends and innovations in India's fintech landscape.

2 mins

Supreme Facility Partners With Komorebi Tech To Transform MMR Urban Mobility

Amol Sharad Shingate, Chief Executive Officer of Supreme Facility Management Limited, expressed his enthusiasm for the project, stating, \"This collaboration marks a significant milestone in our journey to revolutionize urban mobility.\"

2 mins

BJP Accuses Karnataka Government of Using State Funds for Congress Rally

He emphasized the inclusive nature of the program, stating it was designed to honor India's constitutional values and to bring together people from different walks of life.

2 mins

UP CM Yogi Adityanath Honors 'Sahibzadas' at His Residence

Uttar Pradesh Chief Minister Yogi Adityanath welcomed guests and attendees at the Veer Bal Diwas program, held to honor the sacrifices of Baba Zorawar Singh and Baba Fateh Singh at the CM's residence on Thursday.

1 min

Paank Report Reveals 98 Cases of Disappearances and Detentions in Balochistan, Karachi

Paank, human rights wing of the extrajudicial killings, has released its November report of enforced disappearances and extrajudicial killings.

1 min

Bakingo Introduces Basque Cheesecake to Ring in the New Year

As the countdown to the New Year begins, Bakingo, a renowned online bakery brand is stepping up to make celebrations unforgettable with its exclusive New Year dessert collection.

1 min

AU NOMO Credit Card: A Smart Way

AU Small Finance Bank (AU SFB) has unveiled its latest offering, the AU NOMO Credit Card, a groundbreaking financial product that allows individuals to access credit while still growing their savings.

2 mins

India to drive global oil demand growth till 2035: IEA Report

India is set to lead global oil demand growth until 2035, according to a recent report by the International Energy Agency (IEA).

1 min

Shree Interior Wudtech - Revolutionizing Modular Furniture for Homes and Offices

Shree Interior Wudtech, led by the visionary founder and owner Sandeep Vishwakarma, has become a leading name in the modular furniture industry in India.

2 mins

Adani's Mundra Port Welcomes Its First-Ever LNG-Powered Vessel

Adani Ports and Special Economic Zone (APSEZ) Mundra welcomed CMA CGM Fort Diamant, the first-ever Liquefied Natural Gas (LNG) powered container vessel to dock at the port's Container Terminal-CT4, the APSEZ said in a statement on Thursday.

1 min

ARCIL INAUGURATES EDUCATIONAL PROJECTS IN DAHANU

Asset Reconstruction Company (India) Ltd. (Arcil) has inaugurated two transformative projects aimed at improving educational infrastructure in rural government schools in Dahanu taluka of Palghar district.

2 mins

Despite strong volatility 35 lakh new investors joined stock market in Nov: NSE

Amid ongoing volatility in the stock markets, over 35 lakh new investors have joined the stock markets in November, according to a report by the National Stock Exchange (NSE).

1 min

Govt restricts low ash metallurgical coke imports for 6 months

The government has imposed import restrictions on low ash metallurgical coke for six months from January 1 to June 30, 2025, according to a notification.

1 min

Rupee plunges 12 paise to close at new all-time low of 85.27 against US dollar

The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the US dollar on Thursday, amid a strong greenback and rising crude oil prices.

1 min

Exporters seek Rs 750 cr to target $25B US market amid China tariff threats

Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods.

2 mins

India's Defence Exports Reach Record Rs 21,083 Cr in 2023-24, Up 32.5%

India's defence exports continue to rise, touching a record Rs 21,083 crore (about USD 2.63 billion) in FY2023-24, a growth of 32.5 per cent over the previous fiscal year when the figure was Rs 15,920 crore.

1 min

Banks Saw Continued Profitability for the Sixth Year, With 1.4% ROA and 14.6% ROE in H1 2024-25.

Banks saw continued profitability for the sixth year, with 1.4% ROA and 14.6% ROE in H1 2024-25.

1 min

There Are Signs That Capital Formation Growth Is Rebounding

The Ministry of Finance on Thursday asserted in positive that there are signs of capital formation growth rebounding early in the second half of 2024-25.

1 min

India's Share in Global Trade Doubled Since 2005

The report revealed that India's share in global merchandise exports rose from 0.9 per cent in 2005 to 1.8 per cent in 2023, while its share in services exports more than doubled from 2 per cent to 4.3 per cent.

2 mins

SHYAM BENEGAL: FILMMAKER WHO MADE SOCIALLY RELEVANT FILM WITH UTMOST SENSITIVITY

In 2004, Shyam Benegal graciously agreed to be an examiner for a few days at Kenya's School of films which had umbilical cord with the family of the world-famous Kenyan TV Journalist Mohd Amin who put the Ethiopian famine on the world stage with his reporting in spite of having lost his arm in a bomb explosion.

4 mins

Having it all: Exploring the 'Hedonic Treadmill' Theory

During my six-year research journey, earning my doctorate was the ultimate goal. I believed it would bring me lasting happiness. Achieving this milestone brought undeniable joy and a sense of accomplishment.

4 mins

Akhilesh lashes out at BJP over Mahakumbh 2025 preparations

Samajwadi Party Chief Akhilesh Yadav on Thursday lashed out at the Bharatiya Janata Party (BJP) alleging misgovernance in the upcoming Prayagraj Mahakumbh Mela 2025.

1 min

22 Coaching Institutes Fined as Notices Issued to 45

Taking a strict action for making misleading claims regarding the results of UPSC Civil Services Examinations, the Central Consumer Protection Authority (CCPA) has imposed penalties over the leading IAS coaching academies.

1 min

Bihar Police says 'mild force' used, denies any 'injury' to BPSC aspirants in Patna

After Bihar Police resorted to \"lathi-charge\" on Bihar Public Service Commission (BPSC) aspirants who gathered to \"gherao\" the commission's office in Patna, demanding the cancellation of the examination on Wednesday, police department authorities issued a clarification, claiming that they used \"mild force\" and denied any injuries to the protesting aspirants.

1 min

Farmers Call for 'Punjab Bandh' on December 30

Farmer leader of Kisan Mazdoor Sanghrash Committee-Punjab, Sharvan Singh Pandher, said on Thursday that 'Punjab Bandh' call for December 30 has gaining support from various groups.

1 min

Monumental mockery of Mahatma Gandhi: BJP's Kesavan

BJP leader CR Kesavan on Thursday launched a scathing attack on the Congress party for its centenary celebrations of the 1924 Belagavi Congress Session, saying that this session is a \"monumental mockery of the principles of Mahatma Gandhi.\"

1 min

Protests Over Ropeway Project Paralyzes Life in Katra as Hunger Strike Intensifies

The ongoing shutdown in Katra, the base camp for the revered Vaishno Devi pilgrimage, has entered its second day, with protests against a proposed 250-crore ropeway project escalating.

1 min

Centre Undermining Legacy of Mahatma Gandhi: Sonia

Urges party workers at CWC to renew resolve to face confronting these challenges

2 mins

Kharg Hints at Massive Reshuffle in Congress at Belagavi CWC

Slamming the BJP, Kharge said, \"It is very unfortunate that even after 100 years today's ruling party and their leaders openly give hateful speeches and their big leaders are deteriorating the fabric of the society and are spreading hatred among the communities and making people to fight with each other.\"

1 min

Telangana CM Reddy Announces Plans To Boost Film Industry

Chief Minister Revanth Reddy recently addressed members of the Telugu film industry, outlining significant measures to support its growth and prosperity.

1 min

Kerala High Court: Quashing Of Serious Offence To Efface Evidence Already Recorded Cannot Be Done Even At Instance Of Survivor [POSCO Act]

The Kerala High Court in the case xxx v State and Another observed and has dismissed the petition filed by a victim of POCSO offence to quash the proceedings saying that serious offences are involved and the trial had reached at the end stage.

1 min

Madras High Court Grants Interim Bail To Temple Activist, Asks Him To Refrain From Making Objectionable Comments Against Women

The Madras High Court in the case Rangarajan Narasimhan v State of Tamil Nadu observed and has granted bail to temple activist Rangarajan Narasimham for allegedly making derogatory comments against a woman on social media.

1 min

Punjab And Haryana High Court: POSCO Act Being Enacted Subsequently Will Prevail Over SC/ST Act In

Adding to it, the court stated that when there being a conflict between the provisions of two special enactments, it is trite that the provisions of the latter of the two enactments will prevail and since the POCSO Act is a subsequent enactment, therefore, its provisions will prevail over the SC/ST Act.

3 mins

Orissa High Court: Dispute Related To Infringement Of Copyright Is Arbitrable, Arbitrator Can Be Appointed Under Section 11 Of Arbitration Act

The Other party opposed the application which being on the ground that the dispute as evident from the petitioner's notice seeking the appointment of an Arbitrator regards to infringement of copyright which is non-arbitrable.

1 min

Karnataka High Court: Reference Application Under Section 8 Of Arbitration Act Should Be Filed Within 120 Days From Date Of Service Of Summons

The court relied on the case of Booz Allen, wherein the court held that a reference application under Section 8 of the Act, should have been filed within a period of 120 days from the date of service of summons to the defendant, which was long passed before March 20, 2019.

2 mins

Fitness Influencers Rohit Dalal, Akshay Dilawari Join AAP

Fitness influencers, Rohit Dalal and Akshay Dilawari, known for their work in the sports and fitness industry, joined the Aam Aadmi Party (AAP) on Thursday.

1 min

CASH FOR VOTES: AAP MOVES TO ED

Sanjay Singh lodged a complaint with ED against Parvesh Verma, Manjinder Singh Sirsa for allegedly distributing cash to voters.

2 mins

Cong Accuses Kejriwal of Shifting Blame as AAP's Credibility Collapses

The Delhi unit of Congress claims that the fear of losing the upcoming assembly elections is now haunting Arvind Kejriwal.

1 min

Sandeep Dikshit complains to LG against AAP's 'Mahila Samman' scheme

Congress's complaint comes a day after a couple of departments under the Delhi government clarified there is no such scheme and distanced themselves from AAP's promises.

1 min

AAP Keeps Giving Strange Statements to Be in News: BJP

After the Aam Admi Party (AAP) accused Congress of \"speaking the BJP language\", Bharatiya Janata Party MP Sudhanshu Trivedi on Thursday took a dig at the AAP, saying that they make such strange statements to remain in the news, adding that their statement is an admission of their defeat in the Delhi elections.

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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