The Business Guardian - January 06, 2025

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January 06, 2025

Uttarakhand to Raise Journalist Welfare Fund to Rs 10 Crore: CM Dhami

Uttarakhand Chief Minister Pushkar Singh Dhami has said that the budget of the Journalist Welfare Fund in the state will be increased from Rs five crore to Rs 10 crore.

1 min

Mumbai: NCB seizes 74,000 capsules, 2.44 lakh cigarettes in drug bust

The Narcotics Control Bureau (NCB) in Mumbai seized 74,000 capsules (29.6 kgs) of illicitly diverted pharmaceutical drugs and 244,400 cigarettes in a preventive action at the Air Cargo Terminal of Mumbai Airport during an operation that was launched on January 3, an official press release stated.

1 min

India's Forex Reserves Continue to Fall, Kitty Now Stands 10% Below Peak

India's foreign exchange reserves have been declining, hitting a multi-month low amid RBI interventions to stabilize the Rupee.

1 min

HD Kumaraswamy to launch 'PLI scheme 1.1' for steel industry on January 6

Union Minister of Steel and Heavy Industries HD Kumaraswamy will launch 'PLI scheme 1.1' for the steel industry, the Ministry of Steel said in a release on Sunday.

1 min

UP to Launch 40 Electric Buses for Maha Kumbh Devotees

The Uttar Pradesh government will introduce electric buses to ensure convenient transportation services for devotees gearing up to visit the 2025 Maha Kumbh Mela, which is scheduled to commence on January 13.

2 mins

Delhi Metro expanded rapidly under AAP: Kejriwal

Prime Minister Modi also laid the foundation stone of the 26.5 km Rithala-Kundli section of Delhi Metro Phase-IV, worth around Rs 6,230 crore. This corridor will connect Rithala in Delhi to Nathupur (Kundli) in Haryana, significantly enhancing connectivity in the North-Western parts of Delhi and Haryana

1 min

KTR Slams Congress, Announces Telangana Farmers' Protest on Jan 6

Bharat Rashtra Samiti (BRS) working president KT Rama Rao on Sunday accused the Telangana government of betraying its commitment to farmers of the state and announced to hold a protest on January 6 demanding the Congress to raise the assistance to Rs 15,000 per acre as initially promised.

1 min

HSBC report: Household durables sector to see revenue dip in Q3

India's household durables segment is likely to witness a slowdown in revenue growth for the October-December quarter of 2024, according to a thematic report by HSBC Global Research.

2 mins

NABARD Chairman Shaji KV: India's Rural Credit Ecosystem Is Formalizing

NABARD Chairman Shaji KV discussed the formalization of India's rural credit ecosystem and its benefits for borrowers at the Grameen Bharat Mahotsav.

2 mins

FMCG, retail companies in India chalk fresh strategies amid sluggish consumption demand

As part of their efforts to navigate through the troubled waters against the backdrop of sluggish consumption demand in the overall economy, businesses in the Fast-Moving Consumer Goods (FMCG) and retail space are preparing strategies for the upcoming quarter of financial year 2025.

2 mins

CII Urges Focus on Employment Policies in Union Budget 2025-26

\"India stands at a unique juncture where its demographic dividend presents a tremendous opportunity to propel economic growth and social transformation. Employment generation is a critical pillar in this journey. Coupled with higher employment, India also needs to ensure that productivity goes up.

2 mins

DMart shares: Why Radhakishan Damani stock soared 12% today

Radhakishan Damani has demonstrated astounding growth with a 44% increase in value.

2 mins

Household durables sector to see moderation: HSBC report

Businesses in India's household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.

1 min

OYO Updates New Guidelines: Unmarried Couples Barred From Check-Ins

As per the revised guidelines, unmarried couples will no longer be permitted to check in, according to a report by PTI.

1 min

CII Urges Budget for 1 Lakh Job Deductions

The Confederation of Indian Industry (CII) has called for a range of measures to be included in the upcoming Union Budget announcements, including an integrated National Employment Policy, policy support for employment generation, implementation of labour codes, and increased participation of women in the workforce, among other initiatives.

1 min

India's Sensex may rise 18% in 2025: Morgan Stanley

Infrastructure spending, restructuring of GST rates, direct tax reforms, more free trade agreements and focus on energy transition are other catalysts.

1 min

Haryana Will Initiate Schemes to Fund Entrepreneurs: CM Saini

Haryana Chief Minister Nayab Singh Saini on Saturday held a meeting with startup entrepreneurs and emphasized that the government is committed to establishing the state as a startup hub.

1 min

HD Kumaraswamy Launches PLI for Green Hydrogen Steel

Union Minister of Steel and Heavy Industries HD Kumaraswamy will launch ‘PLI scheme 1.1’ for the steel industry, the Ministry of Steel said in a release on Sunday.

1 min

Formal Rural Credit Lowers Borrowing Costs: NABARD

Rural credit shifts to formal sources, reducing interest costs and boosting margins.

2 mins

MeitY unveils draft Digital Data Protection Rules

Citizens will be informed of their rights and empowered to manage their personal data through multilingual digital platforms.

1 min

Textile Sector Aims $300 Billion by 2030

Union Minister of Textiles Giriraj Singh stated that the textile ministry is committed to helping the industry to reach the market size of $300 billion in year 2030 and provide employment to 6 crore persons in textile value chain, the Ministry stated in a release on Sunday.

1 min

Forex reserves decline by $4.1 billion

India's foreign exchange reserves continue to decline, extending their downhill journey for three months now.

1 min

BCCI NEEDS TO HAVE RELOOK AT SENIOR PLAYERS AND COACH

After suffering a humiliating 3-1 loss to Australia in the Gavaskar-Border series down under, the Board of Control for Cricket in India (BCCI) needs to review its own policies and take a view on the future of senior players as well as the Coach.

3 mins

Aiyar Not Only Disillusioned But Have No Illusions Either

Aiyar also notes that his 'chaiwallah' remark provided a handle to 'elements in the Congress party' to later divert attention from the real causes of the party's humiliating collapse at the 2014 hustings to shift the blame on this one remark put out in what he describes as a 'sarcastic, if sneering, jest.'

4 mins

Digital gap complicates generation gap

The young investors aren't excited about investment in property because it is an illiquid asset (won't help one buy concert tickets in the black market).

2 mins

Beyond the Blast: India's Nuclear Legacy

India's nuclear legacy, shaped by key tests and visionary figures like Dr. R. Chidambaram, redefined defence, energy, and diplomacy.

5 mins

Supreme Court: Motor Accident Claims - Tax Returns Can Be Accepted To Determine Income Only If There Are Appropriately Produced

The court in the case noted that the parents of the appellant were self-employed and for the purpose of evidence, the appellant had produced only the Xerox copies of the Income Tax Returns of her parents. Neither the Tribunal nor the High Court took the same as admissible evidence and made an assessment on their basis.

2 mins

Supreme Court: 2018 Amendment To Kerala Paddy Land Act Applicable Only To Conversion Applications Filed After Dec 30, 2017

The Supreme Court in the case The Tehsildar and Another v. Renjith George observed and has held that the 2018 amendment made to the Kerala Conservation of Paddy Land and Wetland Act, 2008, which came into effect from December 30, 2017 is only applicable to applications for conversion of land which are filed after December 30, 2017.

1 min

Bombay High Court: Following A Girl Once Will Not Amount To Stalking

The counsel, Advocates Jasprit Singh Chilotra and Neerja Chaubey appeared for the Appellants.

2 mins

Supreme Court: Petition Filed Stay On Registration Of New Suits And Passing Survey Orders Over Mandir-Masjid Disputes

The court observed that the Act became a focal point of public discussion recently in view of the violent events which followed the survey of the Sambhal Jama Masjid in Uttar Pradesh.

1 min

Supreme Court Urges Union Govt: Take Decisions in 3 Months for Smooth Admission Next Academic Year | NEET-SS Vacancies

The Additional Solicitor General, ASG Aishwarya Bhatti in the case stressed that inputs from various stakeholders including the State Government or Union Territories, the National Medical Council and the National Board of Examination would be required, the Union may convene a meeting with all the stakeholders and suggest a proposal before this Court.

2 mins

Supreme Court Quashed: To Establish Mens Rea, Something More Than Vague Statements Must Be Produced | Section 354 IPC

The court while considering the facts and circumstances of the case observed and has set aside the impugned judgment of the High Court and has quashed the criminal proceedings initiated against the appellant.

3 mins

PM Modi, Kejriwal Exchange Barbs

Political heat intensified in the Capital ahead of the polls in February

1 min

NGT Issues Notice on alleged misuse of afforestation land

The National Green Tribunal (NGT) has sought a response from the Delhi government and others regarding the alleged \"misuse\" of forest land allotted for afforestation.

1 min

Bidhuri's Priyanka remarks stir controversy

Such statements have been made before. I have said that in the context of what Lalu Yadav had said. Congress remained silent on that even when he (Lalu Yadav) was a minister in their govt.

2 mins

Delhi and Centre jointly taking transport sector forward: CM Atishi

Delhi Chief Minister Atishi on Sunday hailed the joint efforts of the Delhi government and the Central government in advancing the transport sector of the national capital.

1 min

Dense Fog, cold weather disrupts Delhi, delays Trains, affects air quality

A thick layer of fog enveloped several areas of Delhi for a third consecutive morning, leading to 51 trains being delayed, officials said on Sunday.

1 min

Kejriwal spent Rs 33 cr on carpets, curtains, luxurious toilets: Lamba

Congress candidate for the upcoming Delhi Assembly Polls, Alka Lamba, slammed former Aam Aadmi Party national convenor Arvind Kejriwal, over the alleged use of Rs 33 crores of taxpayers' money for the renovation of the Chief Minister's official residence during the pandemic.

1 min

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