The Business Guardian - November 02, 2024

In this issue

November 02, 2024

PM's Economic advisory council Chairman Bibek Debroy dies at 69

Renowned economist Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister of India, passed away at the age of 69 on Friday.

2 mins

Karnataka BJP: Public will not stay silent on Shakti Scheme

Leader of the Opposition in the Karnataka Legislative Council, Chalavadi Narayanaswamy, on Friday, warned the Congress government that the people would not remain silent if deceived and would fight back.

1 min

PM Modi, Amit Shah greet states on Foundation Day

Prime Minister Narendra Modi extended his wishes to the states of Chhattisgarh, Madhya Pradesh, Haryana, Karnataka, and Kerala on their foundation day on Friday.

2 mins

INDIA: RECORD MONTHLY STOCK SALES BY FPIS IN OCTOBER

In October, Foreign Portfolio Investors (FPIs) became net sellers in the Indian stock market, offloading a record ₹94,017 crore in shares after four consecutive months of buying.

1 min

October GST collections rise 9% to Rs 1.87 L cr

In October 2023, India's Goods and Services Tax (GST) collections reached an impressive Rs 1.87 lakh crore, marking an 8.9 percent increase from the Rs 1.72 lakh crore collected in the same month the previous year.

2 mins

Delhi Court rejects bail plea in agricultural land sale fraud

Delhi's Rohini Court has recently dismissed a bail plea of a man accused of cheating of Rs 62 lakh on the pretext of the sale of 16 acres of agricultural land.

2 mins

Maharashtra shows Anti-Government sentiment, says congress' Ashok Gehlot

Ashok Gehlot, the former Chief Minister of Rajasthan and current senior Congress observer for the Maharashtra Assembly elections, is confident of a good showing by the Aghasi alliance.

2 mins

Delhi LG approves education relaxation for 1984 Riot Victims in job applications

In a significant move, Delhi LG V.K. Saxena announced the relaxation in qualifications for the recruitment of victims of the 1984 riots on Friday.

1 min

HARYANA: STUBBLE BURNING IN SIRSA A 'FARMER'S COMPULSION,' SAYS LEADER

Stubble burning persists as a critical issue in Haryana, with recent incidents underscoring farmers' reliance on this practice due to limited access to sustainable alternatives and essential resources.

3 mins

Capital outlay of top 18 states to grow 7-9% this fiscal: Crisil Ratings

The total capital outlay of India's top 18 states is projected to grow by 7-9 per cent year-on-year to Rs 7.2 lakh crore in the financial year 2024-25, building on a high base from the previous year, according to Crisil Ratings.

1 min

MeitY to launch Digital India Common Service Center project

The Ministry of Electronics and Information Technology (MeitY) is launching the Digital India Common Service Centre (DICSC) project, starting with Pilibhit and Gorakhpur, the Ministry of Electronics and IT said on Friday.

1 min

Young investors continue to dominate stock market with 40 per cent share in investors number: NSE

The Indian markets are continuously dominated by the young investors, highlighted a latest report by National Stock Exchange.

1 min

AO Smith completes acquisition of 'Pureit' brand, announces HUL

FMCG major Hindustan Unilever Ltd on Friday announced it has completed the sale and divestment of its water purification business brand 'Pureit' to American company A. O. Smith Corporation.

1 min

MARUTI SUZUKI INDIA REGISTERS HIGHEST-EVER MONTHLY SALES IN FESTIVE-FILLED OCTOBER

Maruti Suzuki India reported its highest-ever monthly sales volume at 206,434 units.

1 min

ABB Highlights Commitment to Electrification and Automation with New Tagline: 'Engineered to Outrun'

The new brand positioning centers around the word \"Outrun\" and its meaning consists of two parts: Keeping ABB's partners running consistently at high performance and at the same time helping them constantly run more productively and efficiently so they can outperform. \"Leaner\" stands for ABB's global leadership role in automation, improving the productivity and efficiency of every industry's critical day-to-day operations.

1 min

Sensex rises to 79,688, Nifty hits 24,300 in Samvat 2081 start

It's a bright start to the Hindu calendar year of Samvat 2081 for Indian stocks.

1 min

ADDA to invest Rs 15 cr for growth in housing society market

ADDA, a leading provider of software solutions for housing society management, has announced plans to invest Rs 15 crore over the next year to expand its operations in India.

1 min

Commercial LPG cylinder prices hiked by Rs 62

In a significant price revision soon after the festival of Diwali, oil marketing companies (OMCs) on Friday revised the cost of commercial LPG gas cylinders across the country.

1 min

Overall coal production in Oct touches 84.5 million tonne

Coal dispatch from captive and other entities also grew to 16.18 million tonnes in October 2024, compared to 11.83 million tonnes in October 2023, representing a growth of 36.83 percent.

1 min

Maruti Suzuki India reports highest-ever monthly sales

Maruti Suzuki India reported its highest-ever monthly sales volume at 206,434 units.

1 min

FOREX RESERVES DROP $20 BN IN FOUR WEEKS

India's forex reserves declined for the fourth straight week, dropping by $3.463 billion to $684.805 billion as of October 25.

1 min

18 states' capital outlay to hit Rs 7.2 lakh cr, up 7-9%: Crisil

Last year, 80 per cent of the allocated funds were transferred to state governments, and the rating agency expects a similar proportion this fiscal year.

1 min

HEAD HEAD HEAD HEAD HEAD HEAD

In Maharashtra, Marathas are the largest community, comprising 28 percent of the state's population. OBCs include castes like Kunbis (seven percent), Malis (seven percent), and Vanjaris (six percent), with Muslim OBCs comprising 38 percent of the state's total population.

4 mins

J&K Will Become a Sacred Pilgrimage Site for World Religions

The Kalki Gyan Sagar Gurukul will be established in Jammu & Kashmir.

3 mins

When No Means Yes

When I was seven years old, an aunt handed over a crisp ten rupee note (a princely sum in those days) to me before leaving our home- probably to reward my non-mischievous conduct. I was aware that the cash was synonymous with ‘aish’- I could buy lots of yummy candies from the corner shop.

2 mins

ECI accepts Jharkhand govt's proposal to appoint Alka Tiwari as Chief Secretary of state

The Election Commission of India has approved the Jharkhand government's proposal to appoint Alka Tiwari as the Chief Secretary of the state.

1 min

'Anti-govt sentiment in Maharashtra,' says Congress observer Ashok Gehlot

Ashok Gehlot, the former Chief Minister of Rajasthan and current senior Congress observer for the Maharashtra Assembly elections, is confident of a good showing by the Aghasi alliance.

1 min

CM NAIDU LAUNCHES DEEPAM 2.0 SCHEME, DISTRIBUTES FREE GAS CYLINDERS TO WOMEN

Andhra Pradesh Chief Minister Chandrababu Naidu visited Edupuram in Srikakulam district on Friday to launch the Deepam 2.0 scheme, distributing free gas cylinders to women.

2 mins

Assam: Two Bangladeshi nationals apprehended at Karimganj border, sent back

Assam Police apprehended two Bangladeshi nationals near the international border at Karimganj and subsequently pushed them back across the border, officials said on Friday.

1 min

Shivakumar mulls making Kannada 'language of life' at Rajyotsava celebration

CM Siddaramiah also urged the people to have pride in the Kannada language which has a proud history.

1 min

'We are implementing whatever we promised in Karnataka': Venugopal

Congress general secretary KC Venugopal on Friday dismissed Prime Minister Narendra Modi's allegations saying that the Congress Party has failed to deliver on their promises in Karnataka, and said that they are implementing whatever they promised and challenged that anybody can examine it.

3 mins

Winter Session of Odisha Assembly to commence on November 26

Odisha's Minister of Parliamentary Affairs, Mukesh Mahaling, announced on Friday that the winter session of the 17th State Assembly will begin on November 26.

1 min

PM Modi condoles demise of Bhulai Bhai, BJP's oldest party worker

Prime Minister Narendra Modi on Friday condoled the death of Narayan alias Bhulai Bhai, one of the oldest workers of BJP and a distinguished figure in Indian politics and social service.

1 min

Centre To Kerala High Court: Decision On Categorisation Of Wayanad Landslide Disaster Will Be Done In Two Weeks

The court in the case asked the State for considering such an insurance scheme in collaboration with the Union of India and private insurance companies to tide over the financial constraints perceived by the State in the immediate aftermath of natural disasters.

1 min

Uttarakhand High Court Issued Contempt Notice To DoPT Jt Secy Over Non-Compliance With Orders To Supply IFS Sanjeev Chaturvedi's Empanelment Records

The court in its order recorded that, 'Mr. Sanjiv Chaturvedi has contended that he had intimated the respondent about the said Order dated September 03, 2024 vide letter dates September 11, 2024, which is being followed by the reminder.

1 min

ALLAHABAD HIGH COURT SEEKS DETAILS OF UP GOVT'S POLICY TO SEND CHILDREN OF JAIL INMATES TO REGULAR SCHOOLS

The bench while considering the facts and circumstances of the case observed and has directed the competent verticals or departments of the State, including the Principal Secretary, Department of Women and Child Development, Government of U.P., Principal Secretary (Prisons), Government of U.P., and Director General (Prisons), Government of U.P. Lucknow, to formulate a final policy in this regard and apprise the bench about the same.

2 mins

Centre Notifies Appointment Of Five Additional Judges To Kerala High Court

The Central Government cleared the appointment of five judicial officers as Additional judges of Kerala High Court.

1 min

Allahabad High Court: Allegations Of Adultery Against Wife To Be Decided Before Application For Maintenance Under Section 125 CrPC

The court in the case observed that the Trial Court had no observations with regards to the allegations of adultery on part of the wife. The court in the case granted interim stay on the order of the Trial Court. The court while considering the facts and circumstances of the case observed and has directed the parties to exchange affidavits.

1 min

Kerala High Court Grants Interim Bail To Actor Balachandra Menon In Sexual Assault Case: No Plausible Explanation For Inordinate Delay To Lodge FIR

Accordingly, the court listed the matter for further consideration on November 21. The petition has been filed by Senior Advocate M Ramesh Chander, Advocates M/S. Bejoy Joseph P.J., Govind G. Nair, Balu Tom & Bonny Benny.

1 min

Public holiday on Nov 7 for Chhath Pooja

Delhi Chief Minister Atishi has declared a public holiday on November 7 for Chhath Puja, calling it an \"important festival\" for the residents of the National Capital Territory (NCT) of Delhi.

1 min

Fire dept reports record fire calls in Delhi this Diwali

This Diwali, Delhi witnessed a record-breaking number of fire incidents, with the Delhi Fire Service receiving the highest number of calls since 2012.

1 min

Diwali Farsh Bazar shooting: Father, 16-year-old nephew dead

Upon receiving a PCR call at approximately 8:30 PM, a police team arrived at the scene and discovered blood evidence. The victims were immediately transported to a hospital, where Akash and Rishabh were pronounced dead. Krish is currently undergoing treatment for his injuries.

1 min

LG approves relaxation in educational qualifications for jobs to 1984 riot victims

In a significant move, Delhi LG V.K Saxena announced the relaxation in qualifications for the recruitment of victims of the 1984 riots on Friday.

1 min

COURT REVOKES DISCHARGE OF GAUTAM GAMBHIR IN RS 3.5 CR REAL ESTATE FRAUD

The Rouse Avenue court reinstated charges against ex-BJP MP Gautam Gambhir ina Rs3.5 crore fraud case involving real estate.

2 mins

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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:

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