The Business Guardian - November 30, 2024

In this issue

November 30, 2024

Surety bond: A game-changer for Indian EPC and construction sector

In India's rapidly growing construction and infrastructure landscape, securing contractual obligations is paramount.

1 min

MEA Denies US request on summons for Adani Executives in bribery case

The Ministry of External Affairs spokesperson Randhir Jaiswal on Friday said the allegations against the Adani Group top executives were a legal matter involving private firms and individuals and the US Department of Justice.

1 min

INDIA'S Q2 GDP SLOWS TO 5.4%, BELOW RBI'S 7% ESTIMATE

Parliament was adjourned till December 2 as opposition protests over key issues continued to disrupt proceedings.

1 min

India urges Bangladesh to protect minorities amid ongoing anti-ISKCON protests in Dhaka

As spiritual preacher Chinmoy Krishna continues to remain in a Bangladesh jail after being charged with sedition, protests are being held in various parts of the country against him and the International Society for Krishna Consciousness (ISCKON).

1 min

Govt proposes 100% FDI Limit in Insurance, seeks public feedback

The central government has floated a few proposals for the insurance sector, including raising the FDI limit in Indian insurance companies from 74 per cent to 100 per cent, and enabling an insurer to carry on one or more classes of insurance business and activities.

1 min

PM Modi to attend Police Chiefs conference in Odisha from Nov 30

Prime Minister Narendra Modi will attend the three-day All India Conference of Director Generals/Inspector Generals of Police 2024 that begins in Odisha's capital city of Bhubaneswar from November 30.

1 min

PARLIAMENT ADJOURNED TILL DEC 2 AMID OPPOSITION PROTESTS

Parliament was adjourned till December 2 due to ongoing opposition protests, with no substantial business conducted for the fourth consecutive day.

2 mins

Rajya Sabha adjourned, Lok Sabha till 12 PM amid protests

Amid continuous sloganeering by opposition MPs in Rajya Sabha on Friday, the House adjourned early again on the fourth day of the Winter session of Parliament and will again meet at 11 a.m. on December 2 (Monday).

1 min

SC Stays disproportionate assets case against Former TN CM Panneerselvam

The Supreme Court on Friday stayed the proceedings in a disproportionate assets case against former Tamil Nadu Chief Minister O Panneerselvam (OPS) and his family members.

2 mins

Pritika Group begins commercial production of new components

Pritika Group, one of the North India based leading manufacturers of precision machined components for the tractor and Heavy Commercial Vehicles in India announced the start of commercial production of the ordered components from a leading multinational Tractor Manufacturer in India after successful completion of inspection and trials at the customer end.

1 min

MEA denies reports of US Summons for Adani executives

External Affairs ministry on Friday rebuffed reports by a section of the media, which claimed that US prosecutors had issued summons for Adani Group Chairman Gautam Adani and others in an alleged bribery case.

1 min

Manufacturing, services to drive 75% GDP, employ 67% by 2047: Report

By 2047, domestic manufacturing and services sectors are poised to drive India's economic transformation, employing 67 per cent of the workforce and contributing over three-quarters of the GDP, according to the ASSOCHAM-Egrow report.

1 min

Lakme Academy launches advanced makeup artistry course

Lakme Academy Powered by Aptech, India's leading beauty training institute, announces the launch of its latest offering- Certificate Course in Advanced Media and Fashion Makeup Artistry.

1 min

Odoo secures $526M, valuation hits €5.26 bn

Odoo S.A., a leading provider of integrated business software, today announced a $526 million transaction led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon.

1 min

SENSEX SURGES OVER 700 POINTS AHEAD OF Q2 GDP DATA ANNOUNCEMENT

According to data from the National Securities Depository Limited (NSDL), FPIs have sold stocks worth Rs 13,079 crore in November so far, though the pace of outflows has slowed, helping recoup some of the losses.

1 min

Chandigarh Tricity's Infrastructure boom transforms Real Estate market

Chandigarh's Tricity, encompassing Chandigarh, Mohali, and Panchkula, has emerged as a beacon of modern development in Northern India.

1 min

FM Nirmala Sitharaman chairs review meeting

Union Finance and Corporate Affairs Minister Nirmala Sitharaman chaired a review meeting of Regional Rural Banks (RRBs) from the Eastern Belt in Patna on Friday.

1 min

NBFCs growth to remain under pressure: Report

The Nomura report also projected a continued decline in disbursement growth, which is expected to moderate to 12 per cent year-on-year in FY25, down from 19 per cent in FY24 and 38 per cent in FY22 and FY23.

1 min

MP CM Mohan Yadav promotes German investment opportunities

He emphasised, \"We have been supporting for 20 years, German companies and European companies in investment in India.\"

1 min

Over 90 pc of top Indian companies advocate work from office: JLL

India demonstrates a strong preference for office-based work, with 90 per cent of organizations requiring employees to work from the office for at least three days a week, according to a survey by JLL, a global real estate services firm.

1 min

Govt proposes to raise FDI limit in insurance sector to 100%

The government has invited comments on the proposed amendments to the Insurance Act, of 1938, the Life Insurance Corporation Act, of 1956, and the Insurance Regulatory and Development Authority Act, of 1999.

1 min

WEAKEST 5 PC CORPORATE EARNINGS IN LAST FIVE YEARS FORECAST FOR FY25 BY MOTILAL OSWAL

Over the FY20-24 period, the report noted that the corporate earnings had registered a robust compound annual growth rate (CAGR) of 21 percent.

1 min

FPI influence on Indian stock markets reduced over time: Report

The Foreign Portfolio Investors (FPIs) continue to influence Indian stock markets; however, the extent of their impact on major indices has reduced over time, says a report by ICICI Mutual Fund.

1 min

ISRO chief backs startup-led space economy growth

At the Huddle Global 2024 startup festival organized by the Kerala Startup Mission, Indian Space Research Organisation (ISRO) Chairman S. Somanath emphasised the pivotal role of startups and the private sector in advancing India's space industry.

1 min

CONGRESS PREPARES FOR DEFEAT IN DELHI

After failing to secure even a single seat in the last two Delhi Assembly elections, the Congress appears to be on the threshold of achieving a hat-trick of sorts.

4 mins

Legal dimensions of the digital arrest

With the rapid rise of digitalisation in India, cyber fraud has become increasingly common, and sophisticated, targeting individuals across all walks of life.

5 mins

SUNDARBANS: A CRITICAL PILLAR FOR CLIMATE, ECONOMIC RESILIENCE IN SOUTH ASIA

The Sundarbans, spanning approximately 10,000 square kilometers across India and Bangladesh, is not only the world's largest contiguous mangrove forest but also a critical ecological buffer zone and a major economic asset for both countries.

3 mins

CBI court convicts former IT practitioner, his wife in TDS refund case

It was revealed that G Prajapati, an income tax practitioner in Ahmedabad, had filed a number of IT returns in the name of individual assesses. Along with these in

1 min

Gujarat's cultural handicraft 'Gharchola' receives Gujarat's

Gujarat's prominent handicraft 'Gharchola' has received 'Geographical Indication' from the Union government, taking the state's total GI tags to 27, a press release by the Chief Minister's Office stated.

1 min

Rare black brain tumour successfully operated and removed from 72-year-old woman

In October last year, the patient suffered from loss of consciousness with weakness on the right side of her body. A CT scan was done in Gwalior and she was diagnosed with brain haemorrhage.

2 mins

A WHITE REVOLUTION LEADING GLOBAL MILK PRODUCTION

India's milk production is driven by initiatives like artificial insemination, distribution of over 70 lakh sex-sorted semen doses, and establishment of 22 IVF labs to enhance livestock productivity.

4 mins

Supreme Court Grants Bail To Suspended Trinamool Congress Leader Kuntal Gosh In CBI Case Over Cash-For-Jobs Scam

The bench in the case observed and has granted the relief considering the unlikelihood of the trial completing soon and though the chargesheet was filed in January 2024, the Special Court did not take cognisance as no documents were appended to it.

2 mins

CBI Tells Supreme Court: FIR Registered Against 8 Advocates For Cheating And Forgery In Fake SLP Case

The bench in the case came down heavily on certain respondents, their associates and advocates, who appeared to have forged and fabricated documents to be filed in Courts, to pursue false proceedings in the name of petitioner.

1 min

Malayalam Actress Approached Supreme Court Against High Court Direction To Register FIR: 'Went Before Hema Committee For Academic Purpose'

The Supreme Court in the case observed wherein a Malayalam film actress, who deposed before the Justice Hema Committee, which was constituted to inquire into the exploitation of women in Malayalam cinema, has approached the court against the direction which is issued by the Kerala High Court to register First Information Report, FIRs which is based on the statements recorded by the Committee.

1 min

Supreme Court Criticized School Staff's Protest While Being Part Of Institution: 'Satyagraha In Front Of School

The counsel appearing for the petitioner clarified that the petitioner was not a teacher.

1 min

Supreme Court Collegium Recommended Repatriation Of Delhi High Court Judge Justice Chandra Dhari Singh To Allahabad High Court

The Supreme Court Collegium recommended repatriation of Delhi High Court judge, Justice Chandra Dhari Singh, to Allahabad High Court, his parent High Court.

1 min

SUPREME COURT APPEALS FOR 'PEACE AND HARMONY', ASKS UP ADMINISTRATION TO CONSIDER 'COMMUNITY MEDIATION' | SAMBHAL MASJID CASE

The bench comprising of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar was hearing the present matter.

2 mins

Atishi should stop misleading the bus marshals: Opposition

Both the Delhi units of the Bharatiya Janata Party (BJP) and the Congress criticized the Atishi Marlena-led Delhi government for failing to regularize the services of bus marshals.

1 min

Gangster carrying Rs 2 lakh reward killed in police encounter

A wanted gangster Saroj Rai, carrying a reward of Rs 2 lakh, was gunned down in an encounter near Bar Gurjar village here on Friday morning by a joint team of the Gurugram and Bihar Police, an official said.

1 min

Gangster carrying Rs 2 lakh reward killed in police encounter

A wanted gangster Saroj Rai, carrying a reward of Rs 2 lakh, was gunned down in an encounter near Bar Gurjar village here on Friday morning by a joint team of the Gurugram and Bihar Police, an official said.

1 min

Kejriwal blasts Centre on Delhi's rising crime rates

\"Businesspeople live in fear of extortion calls, followed by violent attacks on their shops or showrooms,\" he said.

1 min

WE WILL CONTEST ALL 70 SEATS, THERE IS NO ALLIANCE: CONG

Congress chief Yadav said that people are \"very unhappy\" with the \"misgovernance\" of the AAP and the BJP.

1 min

LG writes to CM Atishi over non-laying of CAG reports

Delhi Lieutenant Governor (LG) VK Saxena has written to Chief Minister Atishi over the non-laying of the Comptroller and Auditor General (CAG) reports in the Delhi Legislative Assembly, emphasizing the importance of this process in maintaining the constitutional framework of accountability for the government in power.

1 min

AAP holds protest over Delhi's law & order

Aam Aadmi Party MPs on Friday staged a protest in the premises of the Parliament, alleging deteriorating law and order situation in the national capital.

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.
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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.