CATEGORIES

Diwali trade soars to Rs 3.75 lakh crore, China's mkt share lose Rs 1 trillion

Diwali celebrations in an unprecedented surge in retail trade, reaching a remarkable figure of Rs 3.75 lakh crore. This surge signals a paradigm shift towards indigenous products, echoing the sentiments of the Vocal for Local Movement, and concurrently, China has incurred a substantial loss of over Rs 1 lakh crore.

Piyush Goyal lauds Gem's Rs 2 lakh crore GMV

The Minister of Commerce and Industry, Piyush Goyal, has taken to social media to announce a noteworthy achievement by the Government e-Marketplace (GeM).

GOI, ADB SIGN $400 MN LOAN TO BOOST URBAN INFRA IN CITIES

The second part of the programme will support investment planning and reform actions at the state and urban local body (ULB) levels.

NET PROFIT SLUMPS 50PC TO RS 7,925 CR ON LOWER PREMIUM INCOME

Life Insurance Corporation (LIC) of India on Friday reported a 50 per cent slump in its standalone net profit at Rs 7,925 crore for the July-September quarter.

Motherson to set up 10 new facilities in India

Samvardhana Motherson International (SAMIL) is investing and setting up 10 new facilities in India to support customers' growth in auto and nonauto business. Amidst an uncertain business environment, (SAMIL) posted revenue of Rs 23,474 crore with 28 per cent growth on a y-o-y basis with a healthy booked business of over USD 77 billion.

PM MODI'S VOCAL FOR LOCAL LIGHTS UP DIWALI

In an earnest expression of delight, Prime Minister Narendra Modi acknowledged the nation's radiant celebration of Diwali, emphasizing the vivid illumination in every household, attributed to the government's public welfare schemes.

SC refuses to intervene with order staying proceedings against DK Shivakumar

The Supreme Court has refused to intervene in the Karnataka High Court's interim order, which stayed proceedings against Congress leader DK Shivakumar in a case of disproportionate assets.

PAKISTAN COURT ORDERS RETURN OF EX-PM NAWAZ SHARIF'S SEIZED PROPERTY, ASSETS

An accountability court in Pakistan's Islamabad has recently ordered authorities to release all properties and assets seized from former prime minister Nawaz Sharif in 2020.

AAP LEADER MANISH SISODIA MEETS AILING WIFE

Former Delhi Deputy Chief Minister Manish Sisodia, arrested in the Delhi Liquor policy case on March 9, has come out of Tihar jail for six hours on Saturday to visit his ailing wife.

Rashmika Mandanna deep fake video: Delhi police asks meta for URL

The Delhi Police has written to Meta to provide the URL (Uniform Resource Locator) of the account responsible for circulating the 'deep fake' video featuring actress Rashmika Mandanna on social media. This move came a day after the filing of an FIR by the city police regarding the incident.

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.