The Business Guardian - November 14, 2024

In this issue

November 14, 2024

UAE: Delmon Industrial complex to establish AED 50 mn plant in KEZAD

Khalifa Economic Zones Abu Dhabi - KEZAD Group, the largest operator of integrated and purpose-built economic zones and Saudi Arabia-based Delmon Industrial Complex have announced the signing of a 50-year land lease agreement for the establishment of their state-of-the-art plant in ICAD III (KEZAD Musaffah) area to serve the requirements of the oil and gas industry.

1 min

PM Modi: Govt taking holistic approach to healthcare

Prime Minister Narendra Modi on Wednesday laid the foundation stone of All India Institute of Medical Science (AIIMS) in Bihar's Darbhanga and said that his government is working with a holistic approach to healthcare in the country from prevention of disease to its cure.

2 mins

Indian stock markets faced significant declines for the fifth consecutive day, driven by disappointing earnings, foreign fund outflows, and rising inflation concerns.

Indian stock markets faced significant declines for the fifth consecutive day, driven by disappointing earnings, foreign fund outflows, and rising inflation concerns.

2 mins

PM Modi lays AIIMS Foundation, launches Rs 12,000 cr projects in Bihar

Prime Minister Narendra Modi on Wednesday laid the foundation stone of AIIMS Dharbhanga and inaugurated development projects worth Rs 12,000 crore in Bihar.

2 mins

Jharkhand polls: 29.31% Voter turnout by 11 AM, Khunti leads with 34.12%

Jharkhand recorded a voter turnout of 29.31 per cent as of 11 am in the first phase of Assembly elections, according to the data of the Election Commission of India.

2 mins

Gujarat Titans appoint Parthiv Patel as assistant coach for IPL 2025x

Indian Premier League (IPL) franchise, Gujarat Titans announced former Indian cricketer Parthiv Parel as the team's assistant coach ahead of the IPL 2025 mega auction which is scheduled to take place on November 24 and 25 in Jeddah, Saudi Arabia.

1 min

Nana Patole: Yogi Adityanath should focus on UP politics

Maharashtra Congress president, Nana Patole hit out at Uttar Pradesh Chief Minister Yogi Adityanath and said that he should keep his politics in UP only.

1 min

General Upendra Dwivedi to visit Nepal from November 20-24

General Upendra Dwivedi, Chief of the Army Staff, Indian Army is scheduled to visit Nepal from November 20 to November 24, upon the invitation of General Ashok Raj Sigdel, Chief of the Army Staff, Nepali Army.

1 min

CAIT'S WHITE PAPER ACCUSES QUICK COMMERCE COMPANIES OF UNFAIR PRACTICES

The Confederation of All India Traders (CAIT) has raised concerns in a White Paper about unfair practices by quick commerce platforms.

2 mins

NTPC Green IPO opens for subscription on Nov 19, issue price is Rs 102-108

The much-awaited public issue of NTPC Green Energy will be open for subscription this November 19, with the three-day window closing on November 22.

1 min

Pritika Engineering Components Limited Delivers Robust Q2 FY25 Results

Pritika Engineering Components Ltd (NSE: PRITIKA), one of the leading manufacturers of precision machined components for the tractor and automotive sectors in India, has reported a net profit of Rs. 1.64 crore for the Q2FY25 ended September 2024, as compared to a net profit of Rs. 0.92 crore in Q2FY24, representing growth of 78.20%.

2 mins

MediSun Energy and HSL Constructor Collaborate to Drive Sustainable Water

MediSun Energy, a leader in pioneering osmotic (blue) energy technology, is thrilled to announce the signing of a Memorandum of Understanding (MOU) with HSL, a prominent Singapore-based infrastructure and environmental engineering and construction firm.

1 min

If we exclude vegetable prices, CPI inflation remains in RBI's range: UBI research

India's retail inflation rose to a 14-month high of 6.21 per cent in October, up from 5.49 per cent in August.

1 min

DE-CIX AND GCX FORGE STRATEGIC PARTNERSHIP TO ENHANCE CONNECTIVITY

The world's leading Internet Exchange (IX) operator, DE-CIX, and submarine cable operator, GCX have signed a strategic partnership agreement to enhance global connectivity.

2 mins

ISWAI are the registered owners of titles RUSTAM-E-HIND

\"BHARAT-KESARI\" etc. and have been promoting and conducting Traditional Indian Style Wrestling Events/Competitions for more than 68 years.

1 min

YES SECURITIES Launches Wize Whispers Quiz

YES SECURITIES, a leading financial services firm, is thrilled to announce the launch of The Wize Whispers Quiz, an interactive online quiz designed to reinforce financial literacy among children.

2 mins

CAIT alleges unfair trade practices by quick commerce companies

CAIT urged regulatory bodies to intervene and ensure that quick commerce platforms adhere to fair trade practices and protect the interests of small traders.

1 min

No rate cut seen in February: SBI

The interest rate cut by the Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.

1 min

Single malt brand Indri looks at going global

Piccadily Agro Industries, the makers of Indri, on Wednesday, announced its moonshot venture at taking an Indian whisky to the global stage.

1 min

Swiggy debuts on markets, notches up 17% gain, M-cap crosses Rs 1L cr

Swiggy's market cap crossed Rs 1 lakh crore on the day of listing of shares. Rival Zomato has a market valuation of Rs 2,28,463.62 crore.

1 min

IDFC FIRST Bank unveils startup lounge to empower entrepreneurs

IDFC FIRST Bank, today announced the launch of a startup lounge, an exclusive space designed to support entrepreneurs and empower early-stage startups in India.

1 min

Sensex nosedives nearly 1,000 pts

\"Indian equity markets slipped after opening in positive territory due to a sell-off across the sectors amid a rise in dollar index and relentless foreign outflows-- ICRA Analytics.

1 min

Gold prices may dip further, says WGC

The impressive year-to-date rally in gold has seen a temporary dip following the recent US election results, according to a World Gold Council report.

1 min

Onion prices remain sky high, govt to cap rate at Rs 35/kg

In response to a steep 42.18 per cent increase in vegetable prices as per CPI inflation data of October, driven largely by soaring onion prices, Consumer Affairs Secretary Nidhi Khare says the government is taking urgent steps to curb the impact on consumers.

1 min

ADANI COMMITS $10 BN IN US ENERGY, INFRA PROJECTS

\"As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs.\"

1 min

KU International Gita Conference to comprise 12 technical sessions

Kurukshetra University, Kurukshetra is going to organize 9th International Gita Conference on the theme 'Shrimad Bhagawad Gita and Sustainable Ecosystem' from 5th to 7th December, 2024 in collaboration with Kurukshetra Development Board (KDB) Kurukshetra.

1 min

Haryana to Establish 10 Ultra-Modern Industrial Townships in 5 Years

In the coming 5 years, Haryana will establish 10 ultra-modern industrial townships in the entire state on the lines of IMT Kharkhoda.

1 min

Governor highlights clear difference in Haryana's progress at 15th Vidhan Sabha session

Haryana Governor, Bandaru Dattatraya, while addressing the first session of the State Vidhan Sabha on Wednesday, said that the difference between Haryana a decade ago and Haryana today is crystal clear.

4 mins

CM Announces statewide implementation of SC reservation in Govt Jobs

Haryana Chief Minister, Nayab Singh Saini said that the Haryana Cabinet had already approved the decision on categorization of reservation for Scheduled Castes in government jobs, as per the Supreme Court's directive.

1 min

500 HIGH-TECH CM-PACS CENTERS TO BOOST HARYANA'S FARMERS AND RURAL DEVELOPMENT

■ Haryana Governor Bandaru Dattatreya outlined initiatives to empower farmers and address water scarcity in the first session of the 15th Vidhan Sabha.

2 mins

Govt. to establish a trauma centre every 60 kilometres on all national and state highways

Haryana Governor, Bandaru Dattatraya, while addressing the first session of the State's 15th Vidhan Sabha on Wednesday, said that the progress of any society depends on the health of its members.

1 min

Congress has always divided the country: Gajendra Singh Shekhawat

Union Minister Gajendra Singh Shekhawat and Haryana BJP in-charge Satish Punia accused Congress of consistently pursuing a divisive agenda.

1 min

AIMIM chief Owaisi welcomes SC's directions on 'bulldozer justice'

AIMIM chief Asaduddin Owaisi on Wednesday welcomed the Supreme Court's directions on 'bulldozer justice' and claimed that Prime Minister Narendra Modi earlier had celebrated \"bulldozer raj\", which the SC called \"a lawless state of affairs\".

1 min

CJI nominates Justice Surya Kant as chairperson of SC Legal Services Committee

Chief Justice of India Sanjiv Khanna has nominated Justice Surya Kant as the new chairman of the Supreme Court Legal Services Committee.

1 min

Opposition in UP hails SC order, calls it end to 'bulldozer terror'

With the Supreme Court applying brakes on bulldozer action, BSP president Mayawati on Wednesday hoped the \"terror\" of bulldozer will definitely end now while Congress' Uttar Pradesh chief Ajay Rai said the verdict will end \"jungle raj\" in the state.

1 min

Himachal HC declares appointment of 6 CPS as 'unconstitutional'

In a landmark ruling, the Himachal Pradesh High Court has declared the appointment of Chief Parliamentary Secretaries (CPS) under the Himachal Pradesh Parliamentary Secretaries (Appointment, Salaries, Allowances, Powers, Privileges, and Amenities) Act, 2006, as unconstitutional.

1 min

West Bengal: Local TMC leader shot dead in Jagaddal, 1 held

A local TMC leader was shot dead in Jagaddal near Kolkata on Wednesday, police said.

1 min

DELHI HC SEEKS CENTRE'S STAND ON PUNIA, PHOGAT'S PLEA OVER WFI ADMINISTRATION

The Delhi High Court on Wednesday sought the stand of the Centre and the WFI on a plea by celebrated wrestlers Bajrang Punia, Vinesh Phogat, Sakshi Malik and her husband Satyawart Kadian pressing that affairs of the federation be taken over by an IOA-ad hoc committee or a retired Supreme Court or High Court judge.

1 min

UP dance teacher alleges rape, threats from Lawrence Bishnoi gang member

A dance teacher in this Uttar Pradesh district has lodged a police complaint, alleging that she had been receiving rape and death threats from a suspected member of the \"Lawrence Bishnoi gang\".

1 min

HIGH COURT ISSUED NOTICE ON PLEA SEEKING CBI PROBE INTO DEATH OF PROTESTORS ALLEGEDLY SHOT BY HARYANA POLICE DURING FARMER'S PROTEST

The Punjab and Haryana High Court in the case Charanjit Singh vs State Of Haryana And Others observed and has sought the stand of the Haryana and Punjab Governments wherein the petition is filed seeking Central Bureau Probe, CBI into the death of a protestor who was allegedly shot by Haryana Police during Farmers' Protest at the Khanauri border.

1 min

Punjab And Haryana High Court Referred Matter To CJ, Recommends Training: 'Pained And Shocked' Over Trial Judge Who Held Witness Guilty For Taking Contradictory Stand

The Punjab and Haryana High Court in the case Devender @ Sachin versus State Of Haryana observed and has expressed shock over the conduct of a judge who held the witness guilty for giving false statement because he took a contradictory stand before the police and the Court.

2 mins

Allahabad High Court: Owner Of Electric Vehicle Purchased Prior To October 14, 2022 Cannot Seek Refund Of Tax Citing Subsequent Exemption Notification

The Allahabad High Court in the case Ankur Vikram Singh Respondent v. State of UP observed and has held that the owner of an electric vehicle which was purchased prior to October 14, 2022 cannot seek refund of tax citing a subsequent notification exempting the payment of One Time Tax.

1 min

Kerala High Court: No Prosecution For Possessing Waqf Property Without Sanction From Waqf If Possession Was Before Insertion Of Section 52 A Waqf Act

The Kerala High Court in the case K Sukumaran v Kerala State Waqf Board observed and has held that there cannot be a prosecution under Section 52A of the Waqf Act for taking possession of Waqf property without prior sanction of the Waqf Board if there was prior possession of the property, that is before the insertion of Section 52A in 2013.

1 min

Supreme Court Issued Notice To Delhi Tree Authority And Officers: 'What Procedure Followed In Tree Felling'

The Supreme Court in the case MC Mehta v. Union of India and Ors. observed and has issued notice to the Tree Authority and the Tree Officers appointed under the Delhi Preservation of Trees Act, 1994, wherein the petition is filed seeking to prevent the Delhi government from permitting tree felling under the Act without prior permission from the court.

1 min

Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially-Abled Children: 'Puja Committee Thinks They Are Bigger Than God'

The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.

1 min

Gujarat High Court Rejected Temporary Bail Of Convict For Father's Treatment: 2002 Sabarmati Express Burning Case

The Gujarat High Court in the case Faruk Mohmmad Bhana Through Imran Faruk Bhana Versus State Of Gujarat And Anr observed and has rejected the temporary bail petition filed by a man who is convicted in the year 2002 Sabarmati Express train burning case, seeking for carrying out the medical treatment of his 95-year-old father.

1 min

Calcutta High Court Granted Bail To man Imprisoned On Suspicion Of Being Associated With Banned Bangladeshi Terrorist Outfit

The Calcutta High Court in the case Abdul Kalim @ Azad 2 Abdul Kalam versus State Of West Bengal observed and has granted bail to a Bangladeshi national, who was arrested in 2016, on the suspicion of being associated with the banned terrorist organisation Jamaat-ul-Mujahideen Bangladesh, JMB.

1 min

Winter action plan: Govt to set up 250 pagoda tents for homeless

The Delhi government has rolled out a winter action plan for the homeless as part of which 200-250 pagoda tents with a capacity to accommodate around 2,000 people will be set up and 16 rescue teams will be formed.

1 min

Police nab wanted shooter Mogli, Gogi Gang member

The Special Cell of Delhi Police on Wednesday arrested the third Gogi gang member in connection with the November 4 firing incidents in Nangloi and Alipur areas.

1 min

DELHI'S AQI HITS 'SEVERE': WORST IN COUNTRY THIS SEASON

Bihar's Hajipur, with an AQI of 417, had the second-worst reading in the country

1 min

LG nods to deployment of CDVs

In a move to tackle the ongoing air pollution crisis in the national capital, Delhi Lieutenant Governor VK Saxena on Wednesday approved the redeployment of Civil Defence Volunteers (CDVs) for a four-month period from November 1, 2024, to February 28, 2025.

1 min

Delhi court grants bail to Vivo India official in PMLA case

Delhi's Patiala House Court on November 11 granted regular bail to Chinese national Guangwen, alias Andrew, in the Vivo Mobile money laundering case.

1 min

Delhi has become gas chamber, AAP responsible for all this: BJP

Bharatiya Janata Party leader Shehzad Poonawalla on Wednesday wore a gas mask as the pollution level rises in the Delhi-NCR region and said that the national capital has become a gas chamber.

1 min

LG appeals to CM to hike EWS limit to 5 lakh

The lieutenant governor noted that as per the minimum wages notified by the Delhi government the annual income of skilled workers (Rs 21,917X12= Rs 2.63 lakh) is more than the proposed threshold limit of Rs 2.5 lakh.

1 min

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