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The Business Guardian

SUPREME COURT EXPLAINS: ARE CIVIL COURTS' DECREES BINDING ON CRIMINAL COURTS

The Supreme Court in the case Prem Raj Versus Poonamma Menon And Anr. observed that though the outcome of the proceedings initiated under civil law would not have any binding effect on the outcome of the proceedings which are being initiated under criminal law, thus, the outcome of the civil proceedings would be binding on the criminal proceedings initiated only to the extent of holding the sentences or damages arising out of criminal proceedings as unsustainable in law.

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3 mins  |
April 06, 2024
The Business Guardian

SUPREME COURT REFUSED TO ENTERTAIN PLEA SEEKING COOLING-OFF PERIOD FOR PUBLIC SERVANTS BEFORE CONTESTING ELECTIONS

The Supreme Court in the case G.V. Harsha Kumar versus Election Commission of India & Anr. observed and has dismissed as withdrawn the petition filed seeking imposition of a cooling off period on public servants to prevent them from contesting elections on political party tickets immediately after discontinuation of their service.

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1 min  |
April 06, 2024
The Business Guardian

DELHI HIGH COURT AWARDS RS244 CRORES DAMAGES TO ERICSSON IN SUIT AGAINST LAVA OVER PATENTS INFRINGEMENT

The Delhi High Court in the case Lava International Limited v. Telefonaktiebolaget LM Ericsson and other connected matter observed and had awarded an amount of Rs. 244 crores damages to Ericsson in a suit filed by it against Lava International Limited over the infringement of Standard Essential Patents, SERs.

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2 mins  |
April 06, 2024
McDonald's buys all Israeli franchise restaurants amid boycotts
The Business Guardian

McDonald's buys all Israeli franchise restaurants amid boycotts

Aljazeera said that McDonald’s announced it will purchase its 30-year-old Israel franchise from Alonyal Ltd., taking back control of 225 outlets that employ more than 5,000 people.

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2 mins  |
April 06, 2024
Government announces sale of Pakistan International Airlines majority shares
The Business Guardian

Government announces sale of Pakistan International Airlines majority shares

The federal government of Pakistan is considering a significant move that could reshape the aviation landscape of the country.

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2 mins  |
April 06, 2024
USD 16 MILLION TO SUPPORT WOMEN-LED BUSINESSES IN AFGHANISTAN, SAYS WORLD BANK
The Business Guardian

USD 16 MILLION TO SUPPORT WOMEN-LED BUSINESSES IN AFGHANISTAN, SAYS WORLD BANK

According to the World Bank, the initiative will be centred in 15 provinces in Afghanistan: Kabul, Kunduz, Nangarhar, Parwan, Samangan, Sar-e Pol, Takhar, Herat, Dykundi, Faryab, and Jawzjan, reported Khaama Press

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2 mins  |
April 06, 2024
Royal Orchid ventures into upscale hotels, secures Mumbai Airport property
The Business Guardian

Royal Orchid ventures into upscale hotels, secures Mumbai Airport property

Royal Orchid Hotels Ltd, which operates Royal Orchid and Regenta Inn brands, has signed an agreement for a 300 room five-star hotel property at Mumbai airport’s terminal 2, chairman and managing director Chander K. Baljee said on the sidelines of the HICSA hospitality event.

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1 min  |
April 06, 2024
Blinkit partners with Sony: 10-mnt delivery for play station 5 slim
The Business Guardian

Blinkit partners with Sony: 10-mnt delivery for play station 5 slim

Quick commerce platform Blinkit, owned by Zomato, has joined hands with Sony to distribute the PlayStation 5 Slim edition gaming console in India, set to debut on April 5.

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1 min  |
April 06, 2024
Apple slashes 600 Jobs in US amid car and screen project halts
The Business Guardian

Apple slashes 600 Jobs in US amid car and screen project halts

Apple Inc. laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department.

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1 min  |
April 06, 2024
AIR INDIA PILOTS UNITE WITH VISTARA CREW: FATIGUE AND PAY CONCERNS
The Business Guardian

AIR INDIA PILOTS UNITE WITH VISTARA CREW: FATIGUE AND PAY CONCERNS

Pilots at another Tata Group-owned airline joined crew at Vistara in voicing concerns about being overworked and underpaid

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1 min  |
April 06, 2024
SC to hear all online gaming GST cases together
The Business Guardian

SC to hear all online gaming GST cases together

The Supreme Court has taken a significant step by consolidating multiple petitions challenging the imposition of a 28% Goods and Services Tax (GST) on online gaming companies.

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2 mins  |
April 06, 2024
Congress manifesto vows removal of 50% reservation cap, caste census, and legal MSP guarantee
The Business Guardian

Congress manifesto vows removal of 50% reservation cap, caste census, and legal MSP guarantee

The Congress party has unveiled its election manifesto, promising a slew of ambitious measures across various sectors if elected to power.

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1 min  |
April 06, 2024
Govt aims 7-fold increase in wheat procurement from UP, Raj, Bihar this year
The Business Guardian

Govt aims 7-fold increase in wheat procurement from UP, Raj, Bihar this year

In the midst of the ongoing Lok Sabha election fervour, the Central government has announced ambitious plans to ramp up wheat purchases from non-traditional states, namely Uttar Pradesh, Rajasthan, and Bihar.

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1 min  |
April 06, 2024
INDIA SET TO HALT UREA IMPORTS BY END OF 2025, SAYS MANSUKH MANDAVIYA
The Business Guardian

INDIA SET TO HALT UREA IMPORTS BY END OF 2025, SAYS MANSUKH MANDAVIYA

Minister Mandaviya underscores India’s shift towards promoting alternative fertilisers for enhanced crop and soil health, alongside ensuring fertiliser availability in agriculture

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2 mins  |
April 06, 2024
India's Ayurveda market to reach Rs 1.2 trillion by FY28
The Business Guardian

India's Ayurveda market to reach Rs 1.2 trillion by FY28

The Ayurveda product market in India is poised for substantial growth, with projections indicating a remarkable increase in market value to Rs 1,20,660 crore ($16.27 billion) by FY28 from the current Rs 57,450 crore ($7 billion), according to a study conducted by Ayurveda tech startup NirogStreet.

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2 mins  |
April 06, 2024
Byju's accused of breaching loan terms, share sale restricted by arbitrator
The Business Guardian

Byju's accused of breaching loan terms, share sale restricted by arbitrator

An Indian ed-tech startup, Byju’s, is facing fresh challenges as it grapples with allegations of breaching loan agreements worth $42 million, according to a confidential order seen by Reuters.

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2 mins  |
April 06, 2024
India’s foreign exchange reserves surge to record high of 645.58 billion
The Business Guardian

India’s foreign exchange reserves surge to record high of 645.58 billion

India’s foreign exchange reserves witnessed a notable surge, marking the sixth consecutive week of increase, as reported by the Reserve Bank of India (RBI) on Friday.

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2 mins  |
April 06, 2024
RBI KEEPS POLICY REPO RATE AT 6.50%, RETAINS GROWTH FORECAST AT 7%
The Business Guardian

RBI KEEPS POLICY REPO RATE AT 6.50%, RETAINS GROWTH FORECAST AT 7%

Headline inflation softened to 5.1 per cent during January-February 2024, from 5.7 per cent in December. After correcting in January, food inflation edged up to 7.8 per cent in February primarily driven by vegetables, eggs, meat and fish.

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2 mins  |
April 06, 2024
Google Restricts Generative Ai Search To Paid Tier
The Business Guardian

Google Restricts Generative Ai Search To Paid Tier

Google is reportedly planning to make the Search Generative Experience (SGE), its generative AI-powered search tool, exclusive to paid-tier.

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1 min  |
April 05, 2024
For Making India Superpower, It's Necessary That Modi Becomes PM Again: CM Shinde
The Business Guardian

For Making India Superpower, It's Necessary That Modi Becomes PM Again: CM Shinde

Maharashtra Chief Minister Eknath Shinde on Thursday said that in order to make India a superpower, it was imperative that Narendra Modi becomes the prime minister of the country once again.

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2 mins  |
April 05, 2024
Voters won't repeat 'mistake' of electing Cong in Chandrapur: BJP candidate Mungantiwar
The Business Guardian

Voters won't repeat 'mistake' of electing Cong in Chandrapur: BJP candidate Mungantiwar

Maharashtra minister and BJP's Chandrapur Lok Sabha seat candidate Sudhir Mungantiwar has said voters made a \"mistake\" once of giving a chance to the Congress from the constituency but they would not do it again.

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2 mins  |
April 05, 2024
Lancet Report: Global Life expectancy increases by 6.2 years (1990-2021)
The Business Guardian

Lancet Report: Global Life expectancy increases by 6.2 years (1990-2021)

A recent study published in The Lancet in reveals that on average, people worldwide are living more than six years longer in 2021 compared to 1990.

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2 mins  |
April 05, 2024
Congress has five centres of power: Sanjay Nirupam fumes after expulsion from party
The Business Guardian

Congress has five centres of power: Sanjay Nirupam fumes after expulsion from party

A day after being expelled by the party, former Congress leader Sanjay Nirupam, who claimed that he had already tendered his resignation letter to the party president, hit out at his former party, saying that it has five centres of power.

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2 mins  |
April 05, 2024
Indian Navy brings 9 pirates caught off Somalia to Mumbai, hands over to local police
The Business Guardian

Indian Navy brings 9 pirates caught off Somalia to Mumbai, hands over to local police

All nine pirates involved in piracy were apprehended on Wednesday after Indian Navy ships INS Trishul and INS Sumedha conducted successful antipiracy operations east of Somalia on 29 March.

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1 min  |
April 05, 2024
The Business Guardian

SUPREME COURT CONFIRMS INTERIM BAIL OF SHUATS VC DR RAJENDRA BIHARI LAL; DISMISSED RECALL APPLICATION BY STATE OF UP

The Supreme Court in the case Rajendra Bihari Lal vs.The State Of Uttar Pradesh observed and has dismissed an application filed by the State of Uttar Pradesh in order to recall the interim bail granted to the Vice Chancellor of Sam Higginbottom University of Agriculture, Technology and Sciences, SHUATS, Dr Rajendra Bihari Lal, a case over alleged forceful religious conversion.

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2 mins  |
April 05, 2024
The Business Guardian

SUPREME COURT TO HEAR PLEAS SEEKING 100% EVM-VVPAT TALLY AFTER 2 WEEKS

The Supreme Court in the case Association of Democratic Reforms v. Election Commission of India and Anr. observed and has stated that the matter pertaining to electronic voting machine, EVM data cross-checking against voter-verifiable paper audit trail, VVPAT records will be taken up after 2 weeks.

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1 min  |
April 05, 2024
The Business Guardian

BOMBAY HIGH COURT: WAIVER OF ARBITRATOR'S INELIGIBILITY MUST BE MADE BY AGREEMENT IN WRITING, SECTION 12(5) DOES NOT PROVIDE FOR DEEMED CONSENT

The Bombay High Court in the case Riak Insurance and Financial Services & Ors. vs HDFC Bank Limited observed and has held that the ineligibility of the arbitrator could only be waived if both parties agree by an express agreement in writing as per Section 12(5) of the Arbitration Act.

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2 mins  |
April 05, 2024
Southeast Asia explores Green financing boost
The Business Guardian

Southeast Asia explores Green financing boost

Senior finance and central bank officials from Southeast Asia and major economies met Thursday in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disasters brought on by climate change.

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2 mins  |
April 05, 2024
UK INCREASES SKILLED WORKER PAY THRESHOLD TO RS 40.8 L: IMPACT ON INDIANS
The Business Guardian

UK INCREASES SKILLED WORKER PAY THRESHOLD TO RS 40.8 L: IMPACT ON INDIANS

Since the minimum salary requirement has increased, many Indian workers, especially those in entry-level or mid-level positions, might no longer meet the income criteria for the visa

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4 mins  |
April 05, 2024
ICRA forecasts 8-9% growth in apparel exports for FY 2025
The Business Guardian

ICRA forecasts 8-9% growth in apparel exports for FY 2025

Following the tepid demand environ ment in the financial year 2024, Investment Information and Credit Rating Agency of India Limited (ICRA) expects a muted 8-9 per cent recovery in revenues of its sample companies to Rs 28,150 crore in the financial year 2025 from Rs 26,000 crore the year before, benefiting from the low base and replenishment of stock in the US and EU regions.

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1 min  |
April 05, 2024