The Business Guardian - November 22, 2024

In this issue

November 22, 2024

Law will prevail: BJP's Sambit Patra on Adani bribery case indictment

After US prosecutors charged Gautam Adani and others in an alleged bribery scam, BJP MP Sambit Patra on Thursday said that the company will defend itself on its own and the law will take its own course.

3 mins

Ministry directs EPPO to enable UAN activation via Aadhaar OTP

The Ministry of Labour and Employment has directed the Employees' Provident Fund Organisation (EPFO) to work in a campaign mode with employers and ensure the activation of the Universal Account Number (UAN) of employees, the ministry said in a release on Thursday.

1 min

URBAN DEVELOPMENT IN INDIA TO DRIVE GIS MARKET GROWTH IN ASIA-PACIFIC

India's GIS sector is transforming urban development and economic growth, driving Asia-Pacific market expansion through innovative technologies and government initiatives.

1 min

Paisabazaar Launches Reward Calculator

Paisabazaar, India's largest marketplace for consumer credit and free credit score platform, today announced the launch of a proprietary Credit Card Reward Calculator - designed to help consumers choose the right credit card from their wallet for different transaction categories.

2 mins

ICRA: India's GDP growth to increase in QS FY25

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.

1 min

Chandni Chowk wedding fest at Omaxe chowk attracts record 1.56 mn visitors

The Chandni Chowk Wedding Festival, powered by Omaxe Chowk, wrapped up a month-long celebration with a record-breaking 1.56 million visitors, offering a memorable mix of shopping, cultural immersion, and exciting prizes.

1 min

Delhi: Capacity building program for Arunachal rights panel ends

The three-day training programme for the Arunachal Pradesh State Human Rights Commission (APSHRC), organized by the National Hu-man Rights Commission (NHRC), India concluded in New Delhi on Thursday.

2 mins

IMD: Himachal experiences driest November in 8 years

Himachal Pradesh has been reeling under a prolonged dry spell over the past two months, marking October and November as significantly rain-deficient.

2 mins

RAJASTHAN CM MEETS DANISH ENVOY AHEAD OF RISING RAJASTHAN SUMMIT

Rajasthan CM Bhajan Lal Sharma discussed investment opportunities with Danish Ambassador Freddy Svane ahead ofthe Rising Rajasthan Global Investment Summit 2024.

1 min

Royalti hits 200 cr sales at Oberoi Garden city launch

Royalti, a distinguished real estate consulting firm in the high-end and luxury market has set a new benchmark by grossing over Rs. 200 crores in sales at the recent launch of Oberoi Garden City (0GC) on Pokhran Road 2, Thane.

1 min

2024's Top fashion influencers: trendsetters and visionaries

In a world where age, background, and societal norms often define limits, these exceptional individuals have broken barriers to chase their dreams and make a difference.

2 mins

85% ADOPTION RATE FOR QUICK COMMERCE: GRANT THORNTON

Grant Thornton's report highlights 85% adoption of quick commerce for essentials and challenges faced by traditional stores and e-commerce in India.

2 mins

Telugu DMF awards 2024: Celebrating South India's Digital excellence

The Creators and Influencers Awards 2024 was more than an event - it was a celebration of creativity, innovation, and the limitless potential of the digital world. With its successful conclusion, Telugu DMF reaffirmed its commitment to empowering South India's digital community and fostering a culture of excellence in the digital space.

1 min

Domestic markets slide amid selling pressure

Indian stock markets traded lower on Thursday, impacted by the continued selling pressure.

1 min

Shri Venkatesh refineries sees 8% revenue growth in H1 FY25

Shri Venkatesh Refineries Limited(BSE - 543373), is a premier edible oil company, engaged in the manufacturing and distribution of a diverse range of products, including Soyabean Oil, Cottonseed Oil, and other cooking oils, as well as their associated by-products has reported its Unaudited Financial Results for Hl FY25.

1 min

Adani Green scraps $6OO mn bond plans

US prosecutors in New York indicted Aclani Group Chairman Gautam Aolani, his nephew Sagar Aclani, ancl other executives forallegedbi ofering$265 million in bribes to I nolian government omcials forsecuring \"lucratice solar energy supply contracts,\" with state electricity distribution companies.

1 min

Urban development to propel GIS market growth in Asia-Pacific

Globally, the GIS market is set to grow from its current size of approximately $11 billion to $24.61 billion by 2034, reflecting a compound annual growth rate (CAGR) of 8.71 percent, according to Precedence Research.

1 min

$4.5 bn opportunity to build resilient transport systems by 2030: Report

A report by Boston Consulting Group (BCG) and the Coalition for Disaster Resilient Infrastructure (CDRI) highlights a $4.5 billion opportunity for India to strengthen its transport infrastructure against climate risks by 2030.

1 min

IIT K, DST launch SMC 2024: Deep-tech, national missions focus

A Demo Day wi th seleet founders allowed to piteh their products to leading investors, as well as personalized mentorship opportunities that provide strategie insights to help entrepreneurs re Jine their approaches will all he part of SM C2024.

1 min

Power shortages may limit growth of AI data centres by 2027: Gartner

The rapid expansion of artificial intelligence (AI) and generative AI (GenAI) technologies is set to strain global power supplies; 40 per cent of AI data centres may face operational challenges by 2027 because of electricity shortages, says a report by Gartner Inc.

1 min

°India insulated from trade war between US-China,

It said, \"While the eyelieal growth slowdown eallsfor easier monetary conditions in our view, the \"stronger dollar\"seenario will mean the RBI will likely proceed cautiously.

1 min

ADANI STOCKS PLUMMET 20°/o AMID BRIBERY CHARGES

Adani Group stocks plummeted after US bribery charges against Gautam Adani, erasing Rs 2.6 lakh crore in market Value.

1 min

REBOOTING RAJASTHAN: TAPPING THE PRAVASIS

Rajasthan has excellent locales for shooting films. Here again, with only a couple of notable exceptions, it is the South Indians ancl Maharashtrians who are the major players in tbe film industry.

5 mins

An examination of the relative grading system

A bigcriticism against itis that it promotes undue competition among the pupils. Because marks are given based on performance with respect to peers, slightchanges in scoring can hace a huge dilference in outcomes.

5 mins

DELHI AIR EMERGENCY

Delhi faces hazardous air quality, severe pollution from stubble burning, vehicular emissions, and delayed measures, highlighting urgent climate challenges.

6 mins

SC: Prime Facie Case Alone Insufficient To Appoint Court Receiver; Compelling Reasons Required

The Supreme Court in the case Hitesh Bhuralal Jain Versus Rajpal Amarnath Yadav And Ors observed that the expressions like 'prima facie case, or 'conduct' alone are insufficient to justify the appointment of a Court Receiver.

1 min

Calcutta High Court: State Govt Can Take Action Against IPS/ IAS Officers Serving In Their Territory

The Calcutta High Court in the case observed and has expressed concerns over clashes between two groups of worshippers over prayer timings outside a mosque, leading to one death and several injuries.

1 min

Himachal Pradesh High Court Upholds Levy Of GST On Mining Royalty Payable Under Mining Concession Granted By State

The Himachal Pradesh High Court in the case M/s Lakhwinder Singh Stone Crusher v. Union of India&ors. observed and has dismissed a writ petition challenging notifications issued by the Central government for levy of GST on Royalty paid by a Mineral Concession Holder for mining concession granted by the State.

2 mins

Supreme Court Collegium Recommended Appointment Of Justice D. Krishnakumar As Manipur High Court Chief Justice

The Supreme Court Collegium has recommended the appointment of Madras High Court Judge Justice D. Krishnakumar as the Chief Justice of the High Court of Manipur consequent upon the superannuation of Justice Siddharth Mridul, the present Chief Justice of the High Court of Manipur on November 21, 2024.

1 min

Calcutta High Court Frowns Upon Fatal Clashes Between Worshippers Outside Mosque, Orders Police To °Take Control': 'Humanit V Is All Above,

The Calcutta High Court in the case observed and has expressed concerns over clashes between two groups of worshippers over prayer timings outside a mosque, leading to one death and several injuries.

1 min

MADRAS HIGH COURT: RECOVERY ACTION AGAINST COMPANY DIRECTORS CANNOT BE INITIATED IF STATUS OF ASSESSEE IS NON-EXISTENCE

The Madras High Court in the case Lakshana Cotton Spinning Mills Limited v. The Commercial Tax Officer observed and has ruled that the recovery action which is initiated against the directors of a company cannot be initiated if the status of the assessee is non-existent.

1 min

Kirodi Lal Meena's resentment with BJP govt continues despite brother's candidacy

Kirodi Lal Meena, a senior BJP leader and Rural Development Minister, remains at odds with the state government, despite his brother, Jagmohan Meena, being named as the BJP candidate for the Dausa assembly byelection.

1 min

Madan Rathore pays tribute to Pradyuman Kumar and Sardar Gurjant Singh Barar

BJP State President Madan Rathore visited Sri Ganganagar on Thursday, where he paid tribute to two prominent leaders of the Bharatiya Janata Party (BJP) who recently passed away.

1 min

Preparations complete for Rajasthan assembly byelection 2024 vote counting

The Chief Electoral Officer of Rajasthan, Naveen Mahajan, has confirmed that all preparations are in place for the counting of votes in the seven assembly constituencies ofthe state, scheduled for November 23, 2024.

1 min

CM PLANS ACTION TO FAMILIARISE YOUTH WITH RAJASTHAN'S HERITAGE

In a significant step towards preserving and promoting Rajasthan's rich cultural heritage, Chief Minister Bhajan Lal Sharma emphasized the need for an action plan to familiarize the younger generation with the state's glorious history.

2 mins

Govt launches action plan to combat Antimicrobial Resistance

In a significant step towards public health, the Rajasthan government has launched a comprehensive action plan to combat Antimicrobial Resistance (AMR), a growing global health threat.

1 min

Cafe set on fire; owner receives threat on Instagram

A cafe in Jaipur was set on fire, causing a loss of Rs 4 lakhs. Following the incident, the owner received a threatening message on Instagram from an ID linked to Lawrence Bishnoi.

1 min

Singapore delegation meets Devnani, explores Rajasthan Legislative Assembly

On Thursday, the delegation from Singapore made a courtesy call on Rajasthan Assembly Speaker Vasudev Devnani.

1 min

PM Modi to lay ERCP foundation stone, announces Kanhaiya Lal Choudhary

PHED Minister Kanhaiya Lal Choudhary visited Bhilwara on Thursday, where he attended the closing ceremony of the 57th State Level Science Fair at PM Shri Government School in Mandal town.

1 min

HIRALAL NAGAR REVIEWS AJMER'S POWER SYSTEM, CONFIDENT OF BJP'S BYPOLL VICTORY

On Thursday, State Energy Minister Hiralal Nagar visited Ajmer and made several key announcements regarding the state's power system and the upcoming byelection results.

1 min

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