CATEGORIES

SC rejects plea for cryptocurrency regulation guidelines

The Supreme Court has refused to entertain a petition that sought a directive for the Centre and others to establish guidelines for overseeing the trading and mining of cryptocurrencies. Cryptocurrencies are decentralized digital or virtual currencies operating independently from a central bank.

AP HC POSTS CHANDRABABU NAIDU'S BAIL PETITION TO NOV 15

The Andhra Pradesh High Court has recently posted TDP chief N Chandrababu Naidu's bail petition in the Skill Development Corporation Scam case to November 15. Currently, Naidu is on a temporary bail in the case until November 28.

HERO MOTOCORP TO ENTER EUROPEAN MARKET WITH ICE PRODUCTS

Hero MotoCorp is planning a slew of strategic initiatives, including expansion of its footprint in electric mobility, enter new ICE vehicle categories and foray into Europe in 2024.

Glenmark Pharma reports consolidated revenue growth of 6.3 pc

Glenmark Pharmaceuticals Ltd. (Glenmark), a global pharmaceutical company with a research-led approach, announced its financial results for the second quarter ended September 30, 2023.

Volkswagen expands regional presence in Ajmer

Volkswagen India has inaugurated a new touchpoint in Ajmer, Rajasthan as part of its strategy to expand its network to meet the surging demand for its premium and safe mobility offerings across India.

REVOLT MOTORS TO SUPPLY E-BIKES FOR ADANI GREEN ENERGY

Electric motorcycle major Revolt Motors has bagged an order from Adani Green Energy Limited (AGEL) for environment-friendly electric motorcycles which will be supplied for the renewable energy firm's corporate fleet, aligned with AGEL's strategic priority to reduce its carbon footprint.

PVS, 3 WHEELERS IN TOP GEAR WITH HIGHEST EVER SALES IN OCTOBER

A sustained high festive sentiment in India drove India's automobile wholesales in October 2023 to 23,62,534 units, with passenger vehicles and three-wheelers recording double-digit growth last month.

MANIPAL'S PAI ACQUIRES RS 1400 CRORE DAVIDSON KEMPNER DEBT ON BYJU'S

Manipal Education and Medical Group Chairman Ranjan Pai has acquired a Rs 1,400 crore debt raised by edtech major BYJU's from Davidson Kempner, sources said.

IOL CHEMICALS AND PHARMACEUTICALS LTD EMERGES AS INDUSTRY LEADER WITH STRONG Q2 FY24 RESULTS

IOL Chemicals and Pharmaceuticals Ltd was incorporated in 1986 and is today one of the leading API pharmaceutical company and a significant player in the field of speciality chemicals.

Bharat Housing Network raises 125 Crores in Series A Funding

Bharat Housing Network, a technology platform for co-lending in affordable housing, has raised 125 crores led by NABVENTURES Fund with participation by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nuevaand other investors.

IHCL expands presence with third Taj property

Leading hospitality chain Indian Hotels Company Limited (IHCL) of the Tata group, on Saturday announced opening of the doors of a Taj property located at New Town which will be its third luxury hotel in the metropolis after Taj Bengal and Taj City Centre.

INDIAN INDUSTRY STILL OUT OF CROSSHAIRS, DIAMOND, CRUDE OIL TRADE A LINGERING WORRY

The ongoing conflict in the Middle East, confined mainly to the Gaza region now, has caused only negligible disruption in India's trade so far.

PIYUSH GOYAL TO ATTEND IPEF, KEY TRADE TALKS WITH US COMMERCE OFFICIALS

Even as the jury is still out on the prospects and viability of India joining the Indo-Pacific Economic Framework (IPEF) trade talks for long-term benefits, Commerce and Industry Minister Piyush Goyal set to represent India at the IPEF Leaders' Meeting and the Partnership for Global Infrastructure and Investment (PGII)-IPEF Investor Forum meeting as well as the Asia-Pacific Economic Cooperation (APEC) in San Francisco from 13-16 November 2023.

NHAI's Rs 371 crore flyover to bypass sinking NH44 stretch

NHAI (National Highways Authority of India) is building a 2.200-kilometre-long Dhalwas NH44 flyover at a cost of Rs 371 crore that will bypass the sinking stretch in Ramban, officials said.

'BJP, JD (S) leaders should 1st ask Centre to release funds'

Reacting to the drought study tour of Bharatiya Janata Party and Janata Dal (Secular) leaders, Karnataka Deputy Chief Minister DK Shivakumar said that the government has already conducted the survey and sent the report to the centre.

GUV SHOULD CARRY OUT THE DUTIES EXPECTED OF HIM: CM MANN

The Supreme Courttermed the deadlock between the Punjab government and the governor over assent to bills a matter of serious concern” and said it was not happy with what was happening in the state

SUPREME COURT ASKED MADRAS HIGH COURT TO CONSIDER AMENDING RULES TO ENSURE CAUSE TITLE OF CRIMINAL APPEAL REFLECTS STATE NAME

The Supreme Court in the case Ilamaran v. The State Rep. By The Inspector Of Police observed and has directed the Madras High Court in order to consider amending the High Court Rules to include the name of the state in the cause title of criminal cases.

DELHI HIGH COURT QUASHED NON-SPEAKING ORDER REJECTING THE GRANT OF AN LDC PERMITTING DEDUCTION OF 0.01% TDS

The Delhi High Court in the case Shreyash Retail Private Ltd Versus Deputy Commissioner Of Income Tax TDSCircle observed and has quashed the non-speaking order wherein the court rejected the grant of a lower deduction of tax certificate, LDC permitting the deduction of 0.01% TDS.

DELHI HIGH COURT REFUSED TO ENTERTAIN PLEA AGAINST PROHIBITION ON CHHATH PUJA CELEBRATION AT YAMUNA RIVER BANKS

The Delhi High Court in the case Chhath Pooja Sangharsh Samiti & Anr. v. Govt. of NCTDelhiand Ors observed and has refused to entertain the plea moved challenging the decision of Delhi Government's of prohibiting devotees from performing Chhath Puja on the banks of Yamuna River.

Muslim Wife Can't Be Denied Maintenance When Factum Of Divorce Not Properly Established: J&K&L HC

We definitely need to note most seriously that in a very positive, progressive, pragmatic and powerful judgment titled Zahoor Ahmad Dar Vs Jameela Bano & Another and cited as CRM(M) No. 45/2021 that was reserved on September 11, 2023 and then finally pronounced on September 20, 2023, the Jammu and Kashmir and Ladakh High Court while speaking out most vocally in favour of legal rights of Muslim wife has unequivocally ordered a Muslim man to maintain his wife till the factum of divorce, as had been claimed by him, is established. It deserves mentioning here that Muslim personal law does not contemplate granting maintenance to a divorced wife. The Single Judge Bench comprising of Hon'ble Mr Justice Rajnesh Oswal however clarified that wife cannot be asked to live her life without any maintenance from her husband when the issue of dissolution of marriage is not proved.

India conveys concern to US on activities of pro-Khalistanis in Canada

External Affairs Minister Jaishankar gave message to Antony Blinken that a swift and strict action by the US against proKhalistan elements is a must.

US-INDIA RELATIONS PROMISING AHEAD OF APEC SUMMIT: ATUL KESHAP

The United States and India are onto something really amazing, according to American ambassador Atul Keshap, who also sees India as a tremendous startup ecosystem, ahead of the Asia-Pacific business Cooperation (APEC) business leaders summit.

TERUMO LAUNCHES OCCLUSAFE & LIFEPEARL FOR LIVER CANCER CARE IN INDIA

The launch of Occlusafe and LifePearl by Japan-based Terumo India advances liver cancer care in India

EvoluteIQ: Star performer and major contender again

EvoluteIQ, a leading intelligent business automation platform provider, has been positioned as a Major Contender for the second consecutive year and a Star Performer on Everest Group’s prestigious Process Orchestration Products PEAK Matrix® Assessment 2023. Everest Group’s PEAK Matrix® is a comprehensive evaluation framework that assesses the relative market success and overall capability of service providers in the global process orchestration domain.

DR.K.BHARATH KUMAR APPOINTED CEO OF CRYOVAULT BIOTECH

Reputably recognized as a pioneer in stem cell preservation, CryoVault Biotech India Private Limited is pleased to announce Dr. Kakkireni Bharath Kumar’s appointment to CEO.

Thermax wins 2023 IMD Global Family Business Award

Pune-based engineering company Thermax has been honoured with the prestigious 2023 IMD Global Family Business Award.

THDC INDIA SIGNS DEALS FOR 3.27 GW RENEWABLE ENERGY

THDC India Ltd THDCIL), KPCL, and KREDL collaborate for sustainable energy solutions, emphasizing Karnataka’s commitment to renewable energy adoption.

Tepid show in durables, non-durables drags down India's IIP growth to 5.8%

Industrial production in India delivered a modest growth of 5.8 per cent in September 2023, as an unfavourable base, a shift in the festive calendar and excess rainfall dragged down the year-on-year growth in the Index of Industrial Production (IIP) to nearly half from 10.3 per cent in August 2023. The growth, driven down by a big drop in manufacturing sector output – an increase of just 4.5 per cent y-o-y from a 9.3 per cent jump in August, read lower than the estimates of rating agencies like ICRA, which had pegged the IIP for September 2023 at 8.0 per cent.

Passenger, three-wheeler sales hit record high

Passenger vehicle wholesales in India reached a new peak in October, driven by increased demand during the festive season. Overall, passenger vehicle wholesales rose to 391,472 units, a 16% increase compared to the same month last year.

Gross direct tax collection up 17.59% to Rs 12.37 lakh cr

Maintaining a steady growth track, India’s gross direct tax collections for the current financial year (FY202324) upto 9 November, 2023, grew to Rs 12.37 lakh crore, 17.59 per cent higher than the gross collections for the corresponding period of last year.