CATEGORIES

India records 9% yoy increase in ITR filing at over 8.18 cr upto 31 Dec 23

India has registered an increase of 9 per cent, y-o-y, in income tax returns (ITRS) filed for assessment ear (AY) 2023-2024 which stands at over 8.18 crore upto 31 December 2023.

Food floods homes as delivery takes New Year's eve by storm

On the eve of New Year's Day 2024, food and quick surge in delivery platforms witnessed an unprecedented orders, marking their highest-ever single-day records.

FinMin calls for budget boost proposals

The finance ministry has called for expenditure proposals for the second and final batch of Supplementary Demands for Grants from various ministries and departments ahead of the upcoming Budget session, expected to begin in the last week of January.

Coal mountain by 2030, pause by 2040

The Central government - has outlined plans to create a domestic thermal coal stock ranging from 1.8 to 2.5 billion tonnes by 2030-32, with a subsequent pause on production for the next decade.

ISRO LAUNCHES X-RAY POLARIMETER SATELLITE TO STUDY BLACK HOLES

In a groundbreaking achievement, the Indian Space Research Organisation (ISRO) has successfully launched its inaugural X-Ray Polarimeter Satellite, XPoSat, using the reliable Polar Satellite Launch Vehicle (PSLV) in its C58 mission.

95 detained after cops raid rave party in Thane; drugs seized

At least 95 people were detained after the police raided a rave party near a creek in Maharashtra's Thane city in the early hours of Sunday, an official said. Officials of the Crime Branch Unit V- Wagle Estate and Unit II Bhiwandi conducted the raid at an open space in a remote area near Vadavali Creek around 3 am, the official said.

Leopard skin, nails dumped in lake in Aarey forest; probe launched

Parts of leopard skin and nails were found dumped in a lake in the Aarey forest here, an official said on Sunday.

DRI seizes smuggled stock of cigarettes worth Rs 2.4 cr in Mumbai; 1 held

The Directorate of Revenue Intelligence has seized a consignment of smuggled cigarettes worth Rs 2.4 crore at the air cargo complex here and arrested one person in this connection, a DRI official said on Sunday.

REAL ESTATE MOGUL NIRANJAN HIRANANDANI TAKES MUMBAI LOCAL TRAIN TO BEAT TRAFFIC

Mumbai's local trains, the heartbeat of the bustling city, cater to the daily commute needs of thousands. In a surprising turn of events, real estate tycoon Niranjan Hiranandani recently made headlines when a video surfaced capturing his journey on a local train.

CALCUTTA HIGH COURT: SOCIAL BOYCOTT OF CITIZENS HAS NO PLACE IN CIVILIZED SOCIETY, MUST BE STRICTLY DEALT WITH BY ADMIN

The Calcutta High Court in the case Sri Ranajit Mondal v The State of West Bengal and Ors observed that any social boycott of a citizen or his family member has to be dealt with strictly by the Administration and this has no place in a civilized society.

JAMMU AND KASHMIR AND LADAKH HIGH COURT: NO BINDING CONTRACT IN TENDER PARTICIPATION, PROCESS CANCELLABLE BEFORE ACCEPTANCE LETTER IS ISSUED

The Jammu and Kashmir and Ladakh High Court in the case Ghulam Qadir Bhat and another V/s U.T of J&K and others observed and has ruled that merely by participating in the tender, no right is being created in favour of the bidder and the tenderer cannot be precluded from its option to cancel the tendering process on any grounds.

ALLAHABAD HIGH COURT GRANTED BAIL TO ISLAMIC SCHOLAR ACCUSED OF WAGING WAR AGAINST GOVT OF INDIA RELIGIOUS CONVERSION 'RACKET'

The Allahabad High Court in the case Mufti Qazi Jahangir Alam Qasmi vs. State Of U.P. Thru. Addl. Chief Secy. Home Deptt. Lko. And 2 others observed and has granted bail to Islamic scholar Mufti Qazi Jahangir Alam Qasmi who was being arrested in the year 2021 in June by the Anti-Terrorist Squad of Uttar Pradesh Police on the charges of conspiring to run a mass religious conversion racket in the State and has assisted in religious conversion of over 1000 people across the state.

A developmental model based on cultural economy

The ruling party is promoting this model under the leadership of Prime Minister Narendra Modi to achieve the mission of three-trillion dollar economy and goal of Cikasit Bharat@2047

Bengaluru's office space leasing skyrockets 15-fold

Bengaluru witnessed a 15-fold surge in net office leasing in the quarter due to substantial transactions from corporates and a low base effect, as per Cushman & Wakefield.

Arunachal inks Rs 13,000cr pact for Lohit Basin Hydropower Project

As of Saturday, 28 counAS tries and 14 organizations have confirmed their participation as partners in the Vibrant Gujarat Global Summit (VGGS) 2024, announced by the state government. The 10th edition of VGGS, centre around the theme Gateway to the Future,' is scheduled to take place in Gandhinagar from 10 January to 12 January.

ARUNACHAL ENSURES CLEAN TAP WATER FOR 98% HOMES

Arunachal Pradesh has achieved a historic milestone of connecting 98 per cent of households with potable tap water under the Jal Jeevan Mission

Social media firms gained $11B in ads from minors' engagement in 2022

Social media giants, including Instagram, X (formerly Twitter), and Snapchat, collectively amassed nearly $11 billion in advertising revenue in 2022 from users under 18, according to a recent study based in the United States.

2023: India displayed statecraft and influence in leading G20

In a year marked by great geopolitical unrest, India showed its statecraft by forging an ambitious roadmap to address major global challenges with the support of the G20 and by taking a steely stance to increase its strategic heft in the neighbourhood and beyond in response to China's increasingly assertive actions.

2024 exports set to benefit from demand uptick, easing inflation

The country's exports will benefit from easing inflation in wealthy nations, declining interest rates, a gradual increase in global demand, and other reasons. In 2024, total outbound shipments are anticipated to exceed $900 billion.

INDIA TO REMAIN FASTEST-GROWING MAJOR ECONOMY IN 2024

Despite widespread pessimism in developed nations and a deteriorating geopolitical situation, India achieved a 6.1% expansion in gross domestic product (GDP) in the March quarter. The growth further increased to 7.8% in the June quarter and maintained at 7.6% in the September quarter

FMCG distributors oppose HUL's decision to change margin structure

FMCG distributors have opposed the rejigging in their margin structure by HUL, alleging that the leading industry player is working on a “draconian agenda” to boost its profitability.

Digitalisation options propel Spinny's 40% plus yoy growth

With the increased demand for digital sales in 2023, Spinny, India’s full-stack used car marketplace, has achieved 73 per cent of first-time buyers in 2023, a notable increase from 60 per cent last year and online purchases of 70 per cent with Bangalore, Delhi NCR and Hyderabad generating significant demand.

ACC higher secondary school celebrates 100 years of excellence

The ACC Higher Secondary School, Kymore, Madhya Pradesh, commemorated its 100th anniversary, marking a century of imparting quality education and shaping the lives of over 17,000 individuals.

INDIA'S RUSSIAN CRUDE IMPORTS PREVENTED PRICE SURGE IN GLOBAL OIL MARKET

In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war.

LEADING WITH VISION: A CONVERSATION WITH DHIRAJ SINGH, CEO OF SIS GROUP

SIS Group is India’s largest private security and facility company, where Dhiraj Singh is the CEO. He spoke to The Business Guardian. Excerpts:

SUNEHRI BAGH MOSQUE IMAM MOVES DELHI HC AGAINST NDMC NOTICE

The Imam of the Sunehri Bagh mosque on Saturday moved the Delhi High Court against the proposed demolition of the structure, citing alleged traffic congestion in the area.

Volkswagen aims for a 10% sales boost in 2023 says

As an aspirational country with sustained economic growth, demographic dividend, India is aligning with global preferences -- as for SUVs, premium models -- keeping Volkswagen on growth path,” Ashish Gupta, Brand Director of German automobile major Volkswagen India tells The Sunday Guardian.

CVS, UVS TO DRIVE UP VEHICLE AUM TO RS 8.1 LAKH CR IN FY25

Rising demand for commercial vehicles (CVs), cars, utility vehicles (UVs) and two-/ three-wheelers, accompanied by bigger ticket financing and the government’s focus on infra spending are set to push vehicle financing assets under management (AUM) for non-banking financial companies (NBFCs) to a high of Rs 8.1 lakh crore by 31 March, 2025.

CHALLENGES AHEAD FOR US EXPORT AND DOMESTIC THERMAL COAL MARKETS IN 2024

The US export and domestic thermal coal markets face headwinds in 2024 due to mild global demand, according to industry sources.

India-UAE ties transcend to multilateral level in 2023

The already strong India-UAE ties transcended to a truly multilateral level in 2023 with the announcement of the strategically important India-Middle East Economic Corridor and the expansion of the BRICS grouping to include the key Gulf nation.