The Business Guardian - August 26, 2024

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August 26, 2024

IIT Madras Alumni's space startup GalaxEye plans private satellite launch in 2025

Pranit Mehta, co-founder of space sector startup GalaxEye, who along with other four of his team members spoke to Prime Minister Narendra Modi during the Mann Ki Baat radio programme on Sunday, said they intend to launch their own constellation of satellites next year.

2 mins

PM MODI ALLOCATES RS6,000 CR FOR WOMEN'S SAKHI MANDALS

PM Modi announces Rs 6,000 crore allocation to boost women’s self-help groups and create more Lakhpati Didis’

2 mins

Tenth round of India-Australia trade talks held in Sydney

Tenth round of negotiations for a Comprehensive Economic Cooperation Agreement (CECA) was held between India and Australia recently. Both the countries reviewed the progress made so far for a balanced economic cooperation agreement.

1 min

78% of consumers prefer digital banking over cash

78 per cent of consumers 7 now prefer to do most of their banking digitally through mobile apps or websites, according to the Alkami report.

2 mins

60-65% of India's household gold loan market remains untapped, report Jefferies

The gold loan market in The goldemains largely India remains largely untapped.

3 mins

CHOUHAN MEETS MAHARASHTRA FARMERS TO RESOLVE SOYBEAN INSURANCE ISSUES

Union Agriculture Minister Shivraj Singh Chouhan addressed farmers’ concerns over pending soyabean crop insurance claims in Nanded.

1 min

FIR filed against 12,051, including Jharkhand BJP Chief, after clashes at BJYM rally

On Saturday, an FIR was registered against 12,000 unnamed individuals and 51 identified persons for their alleged involvement in a clash with police personnel during a Bharatiya Janata Yuva Morcha (BJYM) rally in Ranchi, Jharkhand.

2 mins

Meity secretary: India must develop key technologies Independently

The Secretary of the Ministry of Electronics and Information Technology (Meity), S Krishnan, inaugurated the Model Indigenous Electric Vehicle Charging Station at the C-DAC Thiruvananthapuram Technopark Campus on Sunday.

1 min

Crime against women is unforgivable: PM Modi

Prime Minister Narendra Modi, while addressing the public at the Lakhpati Didi Sammelan in Jalgaon, Maharashtra, made a powerful statement about the severity of crimes against women, labeling them as an \"unforgivable sin.

2 mins

Candytoy Projects Rs450 Cr turnover by FY26, plans to divest 10% stake at Rs 900 Cr valuation

Nandytoy Corporate, Cine manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said.

2 mins

INDIA'S UREA IMPORT DEPENDENCY EXPECTED TO DROP TO 10-15% FROM 30% IN NEAR TERM: CRISIL

Urea industry, has taken strong strides towards self-sufficiency.

1 min

IndiGo to introduce gender-neutral 'Mx' option for ticket booking soon

Besides, the country's largest carrier, which has a domestic market share of 62 per cent, aims to increase by two-fold the number of individuals with disabilities employed by it.

1 min

Nine of India's Top 10 Most valued companies gain Rs 95,522.81 crore market value, led by RIL, TCS, and Hindustan Unilever

The combined market valuation of nine out of the top 10 most valuable companies increased by 95,522.81 crore last week, with Reliance Industries, TCS, and Hindustan Unilever being the top gainers.

1 min

RBI's external rate panel recommends retaining headline inflation as target for India

A suggestion was made Ain the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages.

2 mins

Telegram founder Pavel Durov detained at French airport

The founder of the TeleThe gram messaging app, Pavel Durov, who had an arrest warrant issued against him, was detained by the French authorities at an airport outside Paris, CNN reported.

1 min

Cement makers line up Rs 1.25 lakh crore capital expenditure over fiscals 2025-27: Crisil

India ndian cement makers are Lexpected to undertake capital expenditure worth Rs 125,000 crore during financial years 2025-2027, driven by a healthy demand paced growth in capacity addition, pushing industry utilisation level to a decadal high in 2023-24 and prompting manufacturers to press the capex pedal.

1 min

IIT Madras alumni's GalaxEye plans private satellite launch in 2025

GalaxEye, a space startup founded by alumni from IIT Madras, is preparing to launch its own constellation of satellites in 2025.

1 min

Infosys plans acquisitions in data analytics and SaaS: CEO Salil Parekh

Infosys, India's secondlargest IT services firm, is actively seeking additional acquisitions, particularly in the data analytics and SaaS sectors, and is considering opportunities in Europe and the US, according to CEO Salil Parekh.

1 min

Anil Ambani evaluates actions after SEBI sanction

Anil Ambani, chairman of Reliance Group, is currently assessing his options following a Securities and Exchange Board of India (Sebi) order that bars him from the stock markets and imposes a Rs 25-crore fine.

1 min

RBI PANEL ADVOCATES FOR MAINTAINING HEADLINE INFLATION AS TARGET

External members of the Reserve Bank of India's (RBI) monetary policy committee have advocated for keeping headline inflation as the primary target for monetary policy, rather than shifting focus to core inflation.

1 min

Adani's Dharavi redevelopment hits snags over land acquisition

A joint venture led by billionaire Gautam Adani is facing significant challenges in securing land for the redevelopment of Mumbai's Dharavi slum, a key component of its ambitious reconstruction project.

1 min

Glass Lewis opposes Bina Modi's reappointment as Godfrey Phillips MD

US-based proxy advisory firm Glass Lewis has recommended that shareholders of Godfrey Phillips vote \"against\" the special resolution to reappoint Bina Modi as Managing Director at the company's Annual General Meeting (AGM) scheduled for September 6, 2024.

1 min

TCS returns 77.5% of its total cash to shareholders

On Sunday, Tata Consultancy Services (TCS), India's largest IT services company, celebrated the 20th anniversary of its initial public offering (IPO).

1 min

THE MAN WHO HAD HIJACKED AN INDIAN AIRLINES

The man who had hijacked an Indian airlines Lucknow Delhi-Kolkata flight to protest against Morarji Desai government's \"vindictiveness\" against Indira Gandhi died in Luckow last week professing to be a life-long Congressman.

2 mins

Why are Temples under attack?

The significance extends of temples far beyond their spiritual and aesthetic aspects. They have been bastions of social, economic, and cultural life.

7 mins

BOMBAY HIGH COURT: PERSON ATTEMPTING TO COMMIT SUICIDE CANNOT BE PENALISED IN VIEW OF PROVISIONS OF MENTAL HEALTHCARE ACT

The Nagpur bench of the Bombay High Court in the case Shital Dinkar Bhagat vs State of Maharashtra observed and has granted relief to a woman constable, who in the case was booked for committing suicide after noting that she took the extreme step under stress and thus her act is exempted from action owing to provisions of the Mental Healthcare Act, 2017.

1 min

UP 69000 Teacher Recruitment Case Reaches Supreme Court, Candidates Accuse Government Of Procrastination

The Lucknow bench of Allahabad High Court cancelled the merit list of 69000 assistant teacher recruitment, this matter has now reached the Supreme Court.

1 min

ALLAHABAD HIGH COURT: WHEN HUSBAND CHOOSES TO LIVE AWAY FROM HIS PARENTS, WIFE'S FAILURE IN TAKING CARE OF THEM DOES NOT AMOUNT TO CRUELTY

The Allahabad High Court in the case Jyotish Chandra Thapliyal v.Smt. Deveshwari Thapliyal observed and has held that when the husband choses to live away from his parent, thus, the mere failure in taking care of his parents does not amount to cruelty.

2 mins

Punjab And Haryana High Court Strikes Down Sportsmen Recruitment Rule Restricting Eligibility For Group A, B Jobs To Only Those With Medals In Senior Categories

The Punjab and Haryana High Court in the case Divraj Singh v.State Of Punjab and Ors with connected matters observed and has struck down the 2020 amendment to Punjab Recruitment of Sportsmen Rules wherein it restricted the eligibility for Group A and B posts to those who had won medals in senior national championships or national games, thereby disqualifying the athletes who had achieved success in junior categories or other recognized events.

1 min

Rajasthan High Court Allows Alters Husband's Murder Conviction For Throttling Pregnant Wife To Culpable Homicide; 'Sudden Fight, No Premeditation

The Rajasthan High Court in the case Amar Chand v State observed and has ordered the release of a man who was serving life imprisonment for last 10 years, after being convicted for murdering his pregnant wife.

2 mins

Monkey Terror In Supreme Court, Woman Lawyer Bitten, Had To Wander From Door To Door For Treatment

In 2022, the Supreme Court had issued an official tender to drive away the monkeys that enter the bungalows of the judges.

1 min

'BJP may soon roll back their other decisions...': AAP after Centre approves UPS

After the Centre approved the Unified Pension Scheme (UPS), Delhi government minister Saurabh Bhardwaj claimed that the BJP had come to its senses and would very soon roll back their other decisions, like the Agniveer scheme.

1 min

Dead body of man found floating in Yamuna river

A man's body was found floating in the Yamuna River on Sunday morning, according to police reports.

1 min

FIVE AAM AADMI PARTY COUNCILLORS JOIN BJP

s, the BJP’s strength in the 250-member MCD has risen to 113 councillors.

1 min

Police arrest accused involved in firing case in New Mustafabad area

Delhi police has arrested a 25-year-old man for attempt of murder in the New Mustafabad area of New Delhi, officials said on Saturday.

1 min

'DJB crippled over years by inaction, curtailed release of funds,' alleges AAP

The Delhi Jal Board has received only Rs 473 crore of Rs 7,195 crore allocated to it in the 2024-25 budget, according to official documents, a source from the Aam Aadmi Party said.

1 min

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The Business Guardian Newspaper Description:

The Business Guardian is a monthly business magazine published in India. It was launched in 2005 and is one of the most popular business magazines in the country. The magazine is known for its in-depth coverage of the Indian economy, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:

* Economic news and analysis: The Business Guardian covers the latest economic news and trends from India and around the world. The magazine also provides in-depth analysis of the Indian economy, as well as its impact on businesses and individuals.
* Industry news and trends: The Business Guardian also covers the latest news and trends from different industries, such as technology, finance, healthcare, and manufacturing. This coverage helps readers to stay informed about the latest developments in their respective industries.
* Corporate news and profiles: The Business Guardian also features corporate news and profiles of leading companies in India. These profiles provide readers with insights into the strategies and operations of these companies.
* Management and leadership: The Business Guardian also features articles on management and leadership. These articles help readers to develop their skills and knowledge in these areas.

The Business Guardian is a valuable resource for anyone who is interested in business in India. It is a must-read for anyone who is looking to stay informed about the latest economic and business trends in the country, or who is looking for insights from leading experts in the field.