The Business Guardian - October 06, 2024

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October 06, 2024

CABINET APPROVES NMEO OILSEEDS FOR SELF-RELIANCE

In a significant move, the Union Cabinet chaired by Prime Minister Narendra Modi on Thursday approved the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds), an initiative aimed at boosting domestic oilseed production and achieving self-reliance in edible oils, according to an official statement.

2 mins

REC Limited disburses Rs 90,955 cr loan

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading non-banking financial company (NBFC) disbursed loans totalling Rs90,955 crores in H1 FY25, marking a 20.10 per cent yearon-year (YoY) increase.

1 min

IT companies set for revenue growth of up to 2.5% in Q2 FY25

IT companies are poised for improved revenue performance, with sequential growth expected to range between 0.0 per cent and 2.5 per cent in USD terms for Tier 1 firms, in the second quarter of FY25, according to Centrum report.

2 mins

Gold prices may correct by 5-7% before the next leg up: Report

The gold prices could see some consolidation near the recent highs, Motilal Oswal said in a report as its prices hit a fresh all-time high of Rs 78,450 (per 10 gram).

1 min

RBI may shift monetary stance to 'neutral'; rate cuts likely by Dec 24

The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, rate cuts likely to commence from December, according to a report by Nuvama.

1 min

INDIA'S FOREIGN EXCHANGE RESERVES CROSS $700 BILLION

India's foreign exchange t reserves scaled a new high a 1 S t r t 1 again, crossing the USD.700 billion milestone.

1 min

TATA POWER SHINES WITH 20 PER CENT YOY PROFIT GROWTH

Heavy dependence on oil and its imports has brought the renewable energy sector into sharp focus over the last few years with solar and wind power projects booming, thanks to government incentives and financial interest from institutional investors.

3 mins

Tata Motors sees 19% drop in commercial vehicle sales

Tata Motors Limited reported a 19 per cent year-on-year (YoY) decline in sales for its commercial vehicle (CV) segment, while passenger vehicle (PV) sales saw a 6 per cent YoY decrease for the second quarter of FY 2024-25.

2 mins

Govt subsidies, falling battery prices to make EVs more accessible

Government subsidies and declining battery prices are making electric vehicles (EVs) more accessible even though they still have higher upfront costs than conventional internal combustion engine (ICE) vehicles, Axis Securities said in an analysis.

1 min

MG Windsor recorded 15,176 bookings on first day

MG Windsor EV, India's 1st Intelligent CUV, received a significant customer response minutes after the bookings commenced on Thursday, October 3, 2024, at 7:30 am.

1 min

GOVT NOTIFIES PM E-DRIVE SUBSIDY SCHEME WITH RS10,900 CR OUTLAY

The central government notified the PM Electric Drive subsidy scheme with an outlay of Rs10,900 crore, which will be implemented from tomorrow, October 1, 2024, till March 31, 2026.

2 mins

HERO MOTOCORP SOLD 5.12 LAKH UNITS OF MOTORCYCLES AND SCOOTERS IN AUGUST

Hero MotoCorp, a manufacturer of motorcycles and scooters, sold 512,360 units of motorcycles and scooters in August 2024, the company informed the exchange in a filing.

1 min

eHUB by MG app crosses 15,000 downloads in two months

SW MG Motor India today announced that it has achieved a milestone of 15,000 downloads for the eHUB by MG app since its launch on 6th August this year.

1 min

The all-new BMW M4 CS launched in India

The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network.

2 mins

Ticket scalping: The consumer's dilemma needs to be addressed

Recent cases of ticket ing that this is a widespread problem affecting fans globally.

4 mins

AUTOMATION OF SOLAR DEPLOYMENT

Renewable energy is abundant, but capturing the gigawatt level of energy potential is not an easy task.

2 mins

Court dismisses anticipatory bail plea of Bobby Kinner

The Rohini District Court has recently dismissed the anticipatory bail plea of Bobi Kinner, a transgender Municipal Corporation of Delhi councillor, who is implicated in a case concerning a fraudulent caste certificate.

1 min

KARNATAKA HC STAYS VERDICT CLASSIFYING OLA DRIVERS AS EMPLOYEES

The Karnataka High Court has temporarily stayed a ruling that classified the relationship between ANI Technologies Private Limited (Ola) and its drivers as that of employer-employee.

1 min

COURT PLACES ASHISH PANDEY IN CBI CUSTODY

A court in Kolkata has recently placed Sandip Ghosh, the former principal of RG Kar Medical College and Hospital, and suspended police officer Abhijit Mondal in 14-days of judicial custody.

1 min

SC dismisses review petitions on taxation of mines

The Supreme Court has dismissed petitions seeking a review of its landmark 9-judge bench judgment, which affirmed that states possess the authority to levy taxes on mineral-bearing lands and clarified that royalties on extracted minerals do not constitute a tax.

1 min

PETITION FILED IN SC FOR COMMITTEE TO TACKLE CYBER FRAUD

A petition has been filed in the Supreme Court urging the establishment of an expert committee, overseen by a sitting or retired judge, to explore effective measures for controlling cyber fraud.

2 mins

SC CRITICIZES MADHYA PRADESH HC'S ADMISSION ORDER

The Supreme Court has recently criticized the Madhya Pradesh High Court for issuing an interim order that allows colleges in the state to participate in the admission process, a move similar to one previously stayed by the Supreme Court last year.

1 min

CJI reminds lawyer he's 'still in charge'

Chief Justice of India (CJI) DY Chandrachud, who is set to retire in November, reminded a lawyer on Thursday that he is \"still in charge\" despite his short remaining tenure.

1 min

MP HC dismisses plea of man booked for offensive post

The Madhya Pradesh High Court has dismissed a petition from a man seeking to quash an FIR related to an allegedly offensive post on his Instagram account targeting Lord Ram, Uttar Pradesh Chief Minister Yogi Adityanath, and Hinduism.

1 min

ARIS MAKES ITS DEBUT, BEGINNING AN ERA OF TRANSFORMATION IN ACADEMIC LANDSCAPE

The Association for Reinventing School Education (ARISE) makes its official debut in its new avatar, marking the outset of a new epoch and setting unprecedented benchmarks to facilitate transformation in the modern educational landscape.

2 mins

Adani Group, Google join forces to advance clean energy goals

The Adani Group and Google announced a collaboration today aimed at advancing sustainability goals and boosting clean energy in India.

1 min

Tech Mahindra sets up SMART Academy

Tech Mahindra Foundation, in collaboration with the Centre for Innovation and Entrepreneurship (CIE), Jamia Millia Islamia (JMI) and AT&T Global Network Services India Pvt.

1 min

iSprout expands its footprint in Hyderabad

iSprout, one of the leading organizations in the managed office space industry further expanded its presence in Hyderabad by leasing an additional 1 million sq.ft. of premium workspace in SAS iTower, iSprout Tower at Minaas and Trendset Jayabheri Connect.

2 mins

GAIL, AM Green to set up renewable energy projects

PUNE GAIL (India) Limited has partnered with AM Green B.V. (AMG) to set up solar and wind hybrid renewable energy projects of up to 2.5GW in India, the state owened PSU said in a statement.

1 min

CLEANLINESS DRIVE: OVER 75K VOLUNTEERS PARTICIPATE

In a significant boost to the nationwide Jan Andolan for Swachhata fortnight, over 75,000 volunteers joined Reliance's campaign at 4,100 locations to make a strong statement #WeCare4Swachhata.

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.