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The Business Guardian

DELHI COURT DISMISSES ANTICIPATORY BAIL PLEA

Delhi's Rouse Avenue Court has dismissed the anticipatory bail plea of Aam Aadmi Party (AAP) MLA Amanatullah Khan in the Delhi Waqf Board money laundering case.

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2 mins  |
March 03, 2024
EMPOWERING EVERY HOUSEHOLD: FOUNDATION OF PM MODI'S VISION OF VIKSIT BHARAT
The Business Guardian

EMPOWERING EVERY HOUSEHOLD: FOUNDATION OF PM MODI'S VISION OF VIKSIT BHARAT

The Ministry of Statistics and Programme Implementation (MOSPI) recently unveiled key findings from the Household Consumption Expenditure Survey (HCES) conducted during 2022-23.

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2 mins  |
March 03, 2024
SKODA'S WAREHOUSE EARNS TOP CERTIFICATION, AIMS AT RE100 BENCHMARK BY 2025
The Business Guardian

SKODA'S WAREHOUSE EARNS TOP CERTIFICATION, AIMS AT RE100 BENCHMARK BY 2025

Skoda Auto Volkswagen India Private Limited (SAVWIPL) has been recognised as the first automaker to receive the prestigious Indian Green Building Council (IGBC) Platinum certification in the Indian automotive industry in the owner-occupied category.

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2 mins  |
March 03, 2024
Indian bus industry to achieve Rs 104,000 cr value in 2026
The Business Guardian

Indian bus industry to achieve Rs 104,000 cr value in 2026

The bus industry in India is projected to achieve a value of Rs 104,000 crores in 2026, with a compound annual growth rate (CAGR) of 6.64 per cent. The CAGR for state transport undertakings (STUS) is 6.36 per cent and it is 7.37 per cent for private buses, says a report jointly produced by the Internet and Mobile Association of India (IAMAI) and Grant Thornton Bharat.

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1 min  |
March 03, 2024
HYUNDAI REGISTERS 6.8% MORE DISPATCHES IN FEB
The Business Guardian

HYUNDAI REGISTERS 6.8% MORE DISPATCHES IN FEB

Honda Cars India (HCIL), registered -monthly domestic sales of 7,142 units in February 2024 with a strong growth of over 17 percent in comparison to the corresponding month last year.

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3 mins  |
March 03, 2024
KUANTUM PAPERS LTD POISED FOR 50% GROWTH WITH EXPANSION PLANS
The Business Guardian

KUANTUM PAPERS LTD POISED FOR 50% GROWTH WITH EXPANSION PLANS

India is the fastest-growing market for paper globally and presents an exciting scenario, where paper consumption is poised for a big leap in sync with the economic growth of the country.

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2 mins  |
March 03, 2024
The Business Guardian

Centre's GST collection at Rs 168,337 cr in Feb records 12.5% yoy growth

Demonstrating continued growth momentum and positive performance, India's Goods and Services Tax (GST) revenue collection at Rs1,68,337 crore for February 2024, marks a robust 12.5 per cent increase compared to that in the same month in 2023.

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2 mins  |
March 03, 2024
Red Sea crisis hits Indian exports substantially
The Business Guardian

Red Sea crisis hits Indian exports substantially

Even as the National Statistics Office (NSO) data on GDP growth for the third quarter of financial year 2023-24 (3FY24) underlines moderation in both exports and imports, a survey of India's trade with Mediterranean Sea and Red Sea bordering countries, by the Federation of Indian Export Organisations (FIEO) confirms that India's exports to these countries worth USD 64 billion are directly affected.

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2 mins  |
March 03, 2024
The Business Guardian

Factory output, sales at 5-month high in February

India's manufacturing growth continued its uptick in February, with factory production and sales reaching a five-month high led by strongest expansion in exports since May 2022 and receding inflation, shows the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index™ (PMI) which, recovering further from December's 18-month low, rose from 56.5 in January to 56.9 in February.

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2 mins  |
March 03, 2024
The Business Guardian

FY 2024 GDP GROWTH SEEN UP AT 7.6%

The Indian economy is on a bull run, with its gross domestic product (GDP) roaring ahead in the October-December period or the third quarter of financial year 2023-24 (Q3FY24) to post a real growth of a high 8.4 percent year-on-year, showing no signs of a slowdown amid geopolitical conflicts, rather exceeding expectations yet again

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4 mins  |
March 03, 2024
The Business Guardian

PUNJAB AND HARYANA HIGH COURT DIRECTED SELF STAYED GODMAN RAM RAHIM TO SURRENDER, SAYS STATE WOULD NOT GIVE FURTHER PAROLE SANS HIGH COURT'S PERMISSION

The Punjab and Haryana High Court in the case Shiromani Gurudwara Prabandhak Committee v. State of Haryana and others observed and has directed self-styled Godman Ram Rahim to surrender on March 10, the day on which his present parole is ending and has asked the Haryana Government to not consider his case for grant of further parole without the permission of the High Court.

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2 mins  |
March 02, 2024
HOW INDIA BECOMES NUCLEAR ENERGY RICH STATE...
The Business Guardian

HOW INDIA BECOMES NUCLEAR ENERGY RICH STATE...

India’snuclear programaims tocapture the spirit ofthe country'sjourney in nuclear power energy, emphasizing its positive impact on the nation's growth, sustainability, global standing and also protecting its borders.

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9 mins  |
March 02, 2024
'BHARAT- After 1303 Years, RISES THE GOLDEN BIRD' authored by Ajay Mishra launched at Le Meridien
The Business Guardian

'BHARAT- After 1303 Years, RISES THE GOLDEN BIRD' authored by Ajay Mishra launched at Le Meridien

A well-known name in the IT and telecom sectors, Ajay Mishra, has come up with his new book. But this time he has penned down his thoughts about the history of Bharat and the leadership of Modi.

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1 min  |
March 02, 2024
The Business Guardian

AIR INDIA EXPANDS CONNECTIVITY, DIRECT FLIGHT SERVICE FROM MADURAI TO MUMBAI

Expanding footprints in the domestic aviation sector, Tamil Nadu-based Madurai Airport recently celebrated a milestone with the inaugural flight route to Mumbai.

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1 min  |
March 02, 2024
Mumbai receives unseasonal showers, IMD predicts partly cloudy skies
The Business Guardian

Mumbai receives unseasonal showers, IMD predicts partly cloudy skies

Mumbai received unseasonal rains at the start of March on the intervening night of Thursday and Friday.

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1 min  |
March 02, 2024
DEPUTY CM DECLINES SHARAD PAWAR'S DINNER INVITE DUE TO UNAVAILABILITY OF TIME
The Business Guardian

DEPUTY CM DECLINES SHARAD PAWAR'S DINNER INVITE DUE TO UNAVAILABILITY OF TIME

Maharashtra Deputy Chief Minister Devendra Fadnavis has declined an invitation to dine with Nationalist Congress Party (Sharadchandra Pawar) president Sharad Pawar, who had extended an invitation a day before to share a meal at his residence in Baramati during his visit to his hometown on March 2.

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1 min  |
March 02, 2024
The Business Guardian

Supreme Court To Hear Shiv Sena UBT Petition Against Maharashtra Speaker's Refusal To Disqualify Shinde Group On March 07, 2024

The Supreme Court in the case Sunil Prabhu v. Eknath Shinde observed wherein the petition was filed by a member of Shiv Sena (Uddhav Balasaheb Thackeray) wherein it challenged the Maharashtra Assembly Speaker's refusal to disqualify the MLAs belonging to Eknath Shinde group.

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1 min  |
March 02, 2024
The Business Guardian

GYANVAPI MOSQUE COMMITTEE MOVES SUPREME COURT AGAINST THE DECISION OF HIGH COURT THAT SUITS ARE NOT BARRED BY PLACES OF WORSHIP ACT

The Supreme Court in the case Anjuman Intazamia Masazid Varanasi v. First Additional District Judge Varanasi and Ors observed wherein the mosque committee has moved challenging the order of Allahabad High Court holding that a batch of civil suits by Hindu parties are pending before a Varanasi civil court which are not barred by the Places of Worship Act, 1991.

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2 mins  |
March 02, 2024
The Business Guardian

HIGH COURT ASKS POLICE TO CLARIFY IF PROBE IS COMPLETE OR MORE CHARGESHEETS WILL BE FILED; DELHI RIOTS LARGER CONSPIRACY CASE

The Delhi High Court in the case Khalid Saifi v. State observed and has asked the Delhi Police to clarify if its investigation in the UAPA case wherein it alleged a larger conspiracy in the 2020 North-East Delhi riots is complete or if any more chargesheets will be filed in the matter.

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1 min  |
March 02, 2024
The Business Guardian

SUPREME COURT ELABORATED LAW ON AGENCY: DISTRIBUTOR NOT AGENT, INDEPENDENT CONTRACTOR

The Supreme Court in the case Bharti Cellular Limited v.Assistant Commissioner of Income Tax and Another observed wherein the court was dealing the question of cellular mobile service providers liability to deduct tax at source under Section 194-H of the Income Tax Act, 1961 The court in the case observed and has summarized aspects that must be kept in mind by Courts while examining whether a principal-agent relationship exists in particular case.

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3 mins  |
March 02, 2024
WTO postpones closing session of 13th Ministerial Conference
The Business Guardian

WTO postpones closing session of 13th Ministerial Conference

The closing session of the World Trade Organization's (WTO) 13th Ministerial Conference (MC13) has been postponed to 5 p.m. (local time) on Friday, March 1. WTO Spokeswoman Ismaila Dieng said that the ministers continue to hold discussions on a package of agreements for adoption at MC13.

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2 mins  |
March 02, 2024
China's factory activity slows for 5th mth as weak demand hampers growth
The Business Guardian

China's factory activity slows for 5th mth as weak demand hampers growth

China's factory activity continued its decline China for the fifth consecutive month in February, underscoring persisting challenges posed by weak demand in the economy.

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2 mins  |
March 02, 2024
CHINA SEEKS FEEDBACK FROM FOREIGN BUSINESSES AMID INVESTMENT DOWNTURN
The Business Guardian

CHINA SEEKS FEEDBACK FROM FOREIGN BUSINESSES AMID INVESTMENT DOWNTURN

The roundtable on Wednesday came as U.S.-China exchanges have ticked up and both sides attempt to stabilize the tense relationship between the world’s two largest economic powers

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3 mins  |
March 02, 2024
Paytm, Paytm payments bank to end Inter-company pacts amid PPBL crisis
The Business Guardian

Paytm, Paytm payments bank to end Inter-company pacts amid PPBL crisis

A mid-RBI's action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of intercompany pacts with Paytm Payments Bank to reduce dependencies.

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1 min  |
March 02, 2024
Asics Foresees India as fastest-growing market in Southeast Asia
The Business Guardian

Asics Foresees India as fastest-growing market in Southeast Asia

Asics India to become its fastest-growing market in Southeast Asia and its first prominent market outside the US, Europe, Japan, and China, Rajat Khurana, managing director at Asics India and South Asia, told Raghav Aggarwal in an email interview.

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2 mins  |
March 02, 2024
CG Power JV invests Rs 7600 Cr in Gujarat semiconductor facility
The Business Guardian

CG Power JV invests Rs 7600 Cr in Gujarat semiconductor facility

In partnership with Renesas Electronics Corporation and Stars Microelectronics CG Power & Industrial Solutions (CG) and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. (Stars Microelectronics), a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider; had recently signed a Joint Venture Agreement (JVA) to establish a Joint Venture (JV) to build and operate an OSAT facility in India.

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1 min  |
March 02, 2024
GOOGLE TO PENALIZE 10 INDIAN DEVELOPERS OVER UNPAID SERVICE FEES
The Business Guardian

GOOGLE TO PENALIZE 10 INDIAN DEVELOPERS OVER UNPAID SERVICE FEES

Alphabet Inc’s Google has warned it may remove the apps of 10 companies in India, including of Matrimony.com and Info Edge

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1 min  |
March 02, 2024
Welspun bags Rs 4,124 crore order in Maharashtra
The Business Guardian

Welspun bags Rs 4,124 crore order in Maharashtra

Welspun Enterprises has announced securing a significant new order valued at approximately Rs 4,124 crore for the establishment of a water treatment plant in Maharashtra.

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1 min  |
March 02, 2024
PM Modi initiates projects totalling Rs 35,700 crore
The Business Guardian

PM Modi initiates projects totalling Rs 35,700 crore

Prime Minister Narendra Modi inaugurated and laid the foundation stone for projects totalling Rs 35,700 crore in Jharkhand on Friday, marking a significant boost to the state's infrastructure and industrial development.

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1 min  |
March 02, 2024
Central govt releases Rs 1.42 lakh crore to states
The Business Guardian

Central govt releases Rs 1.42 lakh crore to states

In a significant Lat enhancing move aimed the financial capabilities of state governments nationwide, the Union Government has authorized the release of two installments of tax devolution totalling Rs 1.42 lakh crore.

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2 mins  |
March 02, 2024