The Business Guardian - October 11, 2024

In this issue

October 11, 2024

Bharat Economic forum announces Viksit Bharat award and unity program

Bharat Economic Forum (BEF) proudly announces the Viksit Bharat Leadership Award 2024, set to be presented during the BEF Annual Summit on December 21-22, 2024, at Bharat Mandapam, New Delhi. Alongside this prestigious event, BEF is excited to unveil the Journey of Unity program, a unique intercultural experience for global influencers, which will begin on March 23, 2025.

1 min

Ratan Tata's death shifts focus to Next-Gen leadership

Leah Tata, the eldest child of Noel Tata, earned a Master's degree in Marketing from IE Business Schoolin Madrid. She joined the Tata Group in 2006, starting as an assistant sales manager at Taj Hotels Resorts Palaces.

2 mins

Indian stock valuations justified by strong fundamentals

A report by Allianz Global Investors argues that the high valuation of the Indian equity market is justified due to the strong fundamentals of Indian companies, especially when compared to other emerging markets globally.

2 mins

INDIA REQUIRES USD 200 BILLION TO BUILD RENEWABLE ENERGY ASSETS BY 2030: NOMURA

India will require USD 200 billion in investments to build renewable energy assets by 2030, driven by rising demand and ambitious green energy goals, says a Nomura report.

2 mins

Feb rate cut may bring major GDP downgrade: Union Bank report

The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and shift its policy stance to neutral highlights inflation as the central bank's predominant concern. According to a research report by Union Bank of India (UBI), the RBI's Monetary Policy Committee (MPC) remains strongly focused on inflation dynamics, which could delay any rate cuts in the near term. The report mentions that the next two to three inflation data releases are likely to hover around the 5% mark before inflationary pressures start to ease, possibly by the end of the third or fourth quarter of FY25.

1 min

Three independent MLAs in Haryana pledge their support to the BJP

A day after Haryana election results came out, three independent MLAs from Haryana, Devender Kadyan and Rajesh Joon, Savitri Jindal on Wednesday extended their support to Bharatiya Janata Party (BJP).

2 mins

METL welcomes Haryana city gas distribution Ltd to MET city

Reliance subsidiary Model Economic Township Limited (METL) on Wednesday announced that Haryana City Gas (HCG) has joined its integrated Greenfield Smart City, MET City, at Jhajjar, Haryana.

1 min

Haryana CM Nayab Singh Saini meets Amit Shah, Jagdeep Dhankhar

Haryana Chief Minis- ter Nayab Singh Saini on Tuesday paid a courtesy visit to Union Home and Cooperation Minister Amit Shah and discussed over the future strategy for Hary- ana after he led the BJP to a historic hat-trick win in the Assembly elections.

1 min

HARYANA CM SAINI CALLS ON PRESIDENT MURMU IN DELHI

Haryana Chief Minister Nayab Singh Saini paid a courtesy visit to President Droupadi Murmu following BJP's assembly election victory.

1 min

EC Assured action on complaint': Congress' Bhupinder Singh Hooda

After the meeting with Election Commission of India over Haryana Assembly election, Congress leader Bhupinder Hooda said that the ECI has assured to look into the complaints made by the party. Congress delegation has informed EC about the \"discrepancies\" and complaints they received about some EVMs (electronic voting machines) and demanded sealing and securing of those 'faulty' EVMs until the course of the investigation.

1 min

4 Term Insurance plans to consider for Financial security

Planning for your family's financial well-being is one of the most thoughtful and responsible decisions you can make. Whether it's covering daily expenses, funding your children's education, or ensuring your spouse's comfort in your absence, securing their future is crucial. One of the most effective ways to achieve this security is through a term insurance plan.

2 mins

IAMGAME Conclave 2024 shapes the Future of Indian Sports

The IAMGAME Conclave 2024 successfully brought together key leaders, athletes, and industry experts. Inaugurated by Mr. Sudhanshu Mittal, President of Kho Kho federation, the Conclave witnessed various sessions with host, Samir Kochhar. Prominent speakers such as Harmanpreet Singh, Ronjan Sodhi, Udit Sheth, Jaspal Rana, Nikhat Zareen, Namrata Parekh, Aparna Popat, and Rathindra Basu, shared valuable insights on the evolution and global potential of Indian sports.

1 min

On Mental Health Day, Ilashrei Anand highlights Yoga Psychology as the future

On this World Mental Health Day, certified Yoga Psychologist Ilashrei Anand, a UNESCO Awardee and 40under40 Mental Health Winner, is calling for a more human-centred holistic approach to mental health.

1 min

TELANGANA HEALTH MINISTER TO INAUGURATE SRAVANI HOSPITALS FACILITY IN KPHB

Sravani Hospitals, one of Hyderabad's rapidly growing healthcare providers, is set to open a new multi-specialty hospital in Kukatpally, further expanding its mission to deliver world-class medical care. Established in 2022, the hospital is making strides in advanced treatments and patient-centered care, and the Kukatpally facility marks a significant step in its expansion efforts.

2 mins

Voices for wellness: expert insights on Mental Health Day

On this Mental Health Day, we come together to amplify the importance of mental well-being and the diverse voices that advocate for it. Mental health is a fundamental aspect of our overall health, yet it remains shrouded in stigma and misunderstanding.

3 mins

NIF Global Kothrud Students Shine at Lakme Fashion week with 'Chor Bazar' Collection

NIF Global Kothrud once again made headlines at India's premier fashion event, Lakme Fashion Week, as two of its most talented students, Chetan Mali and Mahendra Choudhary, unveiled their debut collection titled 'Chor Bazar'. Showcased under the prestigious GenNext category, the collection was a vibrant celebration of Mumbai's iconic Chor Bazar, blending vintage charm with contemporary flair.

1 min

Gurugram: Women from 30 states to participate in Saras Mela

More than 900 rural women artisans from around 30 states are set to participate in the SARAS Ajeevika Mela to be held in Gurugram from October 13 to October 29, the Rural Development Ministry said on Thursday.

1 min

Identity revelation: Court asks rape survivor to respond

The Delhi High Court has allowed a sexual assault survivor and her father to file their response to a plea seeking action against filmmaker Nisha Pahuja and streaming service Netflix for allegedly revealing the minor's identity in a documentary film in violation of legal provisions.

1 min

Delhi court convicts man for 2020 murder

A Delhi court has convicted a man for killing a person in a fit of rage in 2020, saying that the prosecution proved his guilt beyond reasonable doubt by completing the \"chain\" of circumstantial evidence.

1 min

NIA chargesheets 5 accused in Laos for human trafficking

In a significant step towards dismantling an international human trafficking syndicate, the National Investigation Agency (NIA) filed a chargesheet on five persons in Laos accused of cyber fraud and human trafficking, run by a Delhi-based consultancy firm, NIA officials confirmed on Thursday.

1 min

Court records testimony in Nikki Yadav murder Case

Delhi's Dwarka Court recorded the evidence of deceased Nikki Yadav's father who deposed that during a search at her flat marriage certificate of his daughter and Sahil was recovered by Delhi police.

1 min

NHRC notice to Delhi govt city police chief

The human rights panel has taken suo motu cognisance of a media report that a five-year-old boy died after falling into an open drain in the Alipur area of northwest Delhi on October 7, it said.

1 min

Court refuses to stay eviction in Yamuna floodplain

Pollution in Yamuna River is at an all-time high, the Delhi High Court has remarked while refusing to stay an eviction notice issued to the residents of an unauthorised colony located in the river floodplain.

2 mins

ED IDENTIFIES OVER RS 200 CR ASSETS IN RAIDS AT 15 PLACES

The Enforcement Directorate (ED) has identified properties worth more than Rs 200 crore during raids conducted at 15 premises in the national capital and its neighbouring Gurugram city three days ago in the case of Vatika Limited and others under the provisions of the Prevention of Money Laundering Act (PMLA), the agency said on Thursday.

1 min

LADDU PRASAD CONTROVERSY AT TIRUPATI TEMPLE IN THE STATE OF ANDHRA PRADESH

Tirupati laddu controversy is a dispute over the use of animal fat in the preparation of laddus, a prasad offered at the Tirupati Balaji Temple in Andhra Pradesh.

5 mins

Lebanon Pager Explosion triggering proxy war in the Middle East area

Imagine listening to music and suddenly receiving a beep on your phone. Assuming it's a regular notification, you lift the phone to your face—and in an instant, everything changes. This scenario played out tragically for over 3,000 people in Lebanon recently. Hand-held radios used by Hezbollah exploded, marking one of the deadliest incidents in Lebanon's recent history. The tragedy raised serious questions about the evolving nature of warfare, where technology is being weaponized in unprecedented ways.

4 mins

World mental health day!

First of all let me wish you good mental health and peace on the occasion of World Mental Health Day. People always talk about physical fitness which is right but at the same we need to take care of our mental fitness as well.

2 mins

VIP treatment for strays at Taj Hotel and Tata Headquarters

Ratan Tata, renowned industrialist and philanthropist, was not only a towering figure in the corporate world but also a passionate advocate for animal rights.

1 min

Priests of all faiths unite to pray

Tata Sons Chairman Emeritus, Ratan Tata, passed away peacefully on October 9 at 11:30 PM at Breach Candy Hospital, South Mumbai.

1 min

Jet Setting With Ratan Tata: His Epic F-16 Flight Over Bengaluru Goes Viral

In February 2007, Ratan Tata embarked on a thrilling adventure at the Aero India Show in Bengaluru, co-piloting an F-16 fighter jet. At the age of 69, he was invited by US defense contractor Lockheed Martin to take to the skies in a high-speed experience that few could ever imagine.

1 min

Tata 'Good man' who chatted with his newspaper vendor

Singh remembers the sight of Tata sitting in the garden of the bungalow in the mornings, reading the newspapers he had delivered, and the smiling face.

1 min

His reaction on Question: 'How Do You Avoid Corruption?'

In a 2010 exclusive interview, industrialist Ratan Tata recounted an intriguing conversation he had with another billionaire. During their discussion, the billionaire suggested that Mr. Tata should pay 15 crore to a minister for an undisclosed business deal.

1 min

Tata built 500-bed hospital in Kerala within 5 months during peak Covid

The Covid pandemic was at its peak in March 2020, and Kasargod, a northern Kerala district bordering Karnataka was grappling with treatment facilities, as historically, the citizens here depended on facilities in the neighbouring state for treatment.

1 min

MADHYA PRADESH HIGH COURT: NON-FUNCTIONALITY OF TRACES PORTAL CAN'T BE GROUND TO DENY BENEFIT OF STATUTORY RIGHT TO ASSESSEE [INCOME TAX]

The Madhya Pradesh High Court in the case Birla Corporation Limited v. Principal Commissioner of Income Tax (It And Tp) And Others observed and has made it clear that non-functionality of Income Tax Department's TRACES Portal cannot be grounds for denying the benefit arising to an assessee under statutory provisions of the Income Tax Act, 1961.

2 mins

Delhi High Court Sets Aside Arbitral Award Due To Failure Of Arbitrator To Disclose Conflict, Non-Supply Of Documents

The Delhi High Court in the case Flfl Travel Retail Lucknow Private Limited vs. Airport Authority Of India And Anr observed and has held that the duty of arbitrators of disclosure of any conflicts under Section 12 of the Arbitration and Conciliation Act, 1996 is mandatory and continuous throughout the proceedings.

1 min

Delhi High Court: Legal Internships Do Not Amount To Active Legal Practice

The Delhi High Court in the case Ujwal v. Delhi High Court Legal Service Committee, DHCLSC observed that legal internships undertaken as law students do not amount to 'active legal practice' after being enrolled as an advocate.

2 mins

Supreme Court: Judgement Cannot Be Delivered Based On Unclear, Ambiguous & Conditional Admissions | Order XII Rule 6 CPC

The Supreme Court in the case Rajesh Mitra @ Rajesh Kumar Mitra & Anr Versus Karnani Properties Ltd observed that as per Order XII Rule 6 of the Civil Procedure Code, 1908, CPC, a judgement cannot be delivered which is being based on an unclear and ambiguous admission.

3 mins

Delhi High Court On Frivolous Litigation: Prosecution, Legal Departments Must Exercise Due Diligence Before Initiating Cases

The Delhi High Court in the case State v. Manpal And Ors observed that the prosecution and Delhi Government's Department of Law & Legislative Affairs must exercise due diligence before initiating cases and that legal process must not be misused through frivolous litigation.

2 mins

RATAN TATA, WHO PUT INDIA'S TATA GROUP ON THE GLOBAL MAP, DIES AT 86

The Tata Group said in a statement late on Wednesday, the former Tata Group chairman, Ratan Tata who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died.

2 mins

Atishi and AAP members condole demise of industrialist Ratan Tata

Delhi Minister Saurabh Bharadwaj on Thursday condoled the passing away of industrialist and business tycoon Ratan Tata, noting that he was one of the few who earned immense respect from people, not only as an industrialist but also as a business leader.

1 min

BUNGALOW ROW: CM ATISHI WORKING AMID PACKED CARTONS

The AAP on Thursday shared images showing Delhi Chief Minister Atishi signing files at her Kalkaji residence surrounded by packed cartons of her belongings, a day after the party claimed she was made to \"forcibly vacate\" the 6, Flagstaff Road bungalow in the national capital.

1 min

DoE issues advisory against ed-tech firms

The Delhi Directorate of Education (DoE) has issued an advisory to protect students and parents from the misleading promises of ed-tech companies.

1 min

HC junks plea against demolition of religious structure on DDA land

In an order dated October 4, Justice Tara V Ganju observed that the petitioner had no right or title in the land and, therefore, there was no reason to interfere with the DDA's decision to remove an \"unlawful encroachment\" from public land.

1 min

Direction for FIR cannot be issued in a casual manner, says court

Delhi's Saket Court refused to give directions for registration of an FIR as it dismissed the revision moved by a man against his wife and her family members.

2 mins

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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.