The Business Guardian - February 08, 2025

In this issue

February 08, 2025

Bihar NDA MPs Felicitate PM Modi for Budget Grants

Around 30 Bihar MPs from BJP, JD(U), and other parties of NDA met Prime Minister Narendra Modi in Parliament on Friday.

1 min

WFI Returns To Old Office After Failed Search For New Premises

The office of the suspended Wrestling Federation of India (WFI) has returned to the house of former WFI chief Brij Bhushan Sharan Singh at 21, Ashoka Road, Janpath after the management failed to get a new place due to the ban imposed by the Sports Ministry, a WFI official said.

1 min

RBI Launches '.bank.in' Domain and Boosts Digital Security to Curb Fraud

RBI Governor Sanjay Malhotra has introduced the exclusive '.bank.in' domain for Indian banks to curb financial fraud while unveiling the Monetary Policy on Friday

2 mins

Delhi HC bans use of Ratan Tata and Tata trusts' logos, images

The Delhi High Court on Friday ruled against the use of logos and images related to Ratan Tata and Tata Trusts, acknowledging that Tata is a well-known trademark and that the late Ratan Tata is a prominent figure deserving of name protection.

1 min

Mahindra & Mahindra Q3 FY25 PAT up 20%

Mahindra & Mahindra Ltd. (M&M) has reported a 20 per cent year-on-year (YoY) increase in consolidated profit after tax (PAT) at Rs3,181 crore for Q3 FY25, driven by strong performances across its auto, farm, and services businesses.

2 mins

Artemis Consolidates its Performance with YoY Growth in Financial and Operational Metrics, Reporting Highest ever ARPOB

Artemis Medicare Services Limited (Artemis) has declared its third-quarter fiscal year 2024-25 results.

1 min

Jefferies: India's growth depends on private sector Capex boost

The income tax exemption threshold has been raised from Rs7 lakh per annum to Rs12 lakh per annum, while tax rates for those earning above Rs12 lakh have also been reduced.

1 min

Experts Welcome Repo Rate Cut, Budget Boost for Real Estate, Investments

In a move that is expected to boost residential real estate, business investments, and overall economic growth, experts have welcomed RBI's repo rate cut, combined with budgetary measures for real estate and investments—a game changer for economic growth.

1 min

Bihar Governor Arif Mohammed Khan hails 'Sanatana' Unity at Mahakumbh

Prominent personalities from various fields have also taken the holy dip at the Sangam, including Union Home Minister Amit Shah, Defence Minister Rajnath Singh, and Uttar Pradesh Chief Minister Yogi Adityanath along with his cabinet.

2 mins

India to co-chair AI summit; key announcements expected in France

Prime Minister Narendra Modi will co-chair the Artificial Intelligence (AI) Summit in Paris on Monday, following an invitation from France to co-lead the high-profile meeting.

1 min

Saudi Arabia to Host HCI 2025 Under Crown Prince's Patronage

Saudi Arabia announces HCI 2025 under Crown Prince's patronage, focusing on human capability development.

2 mins

Jindal Nuclear Plans 18GWe Capacity by 2047

Jindal Nuclear Power Private Limited (Jindal Nuclear), part of the Naveen Jindal Group, and a wholly owned subsidiary of Jindal Renewables, one of India's leading green energy companies, has announced an ambitious plan to contribute 18GWe to India's nuclear power capacity.

1 min

National Highway Construction May Decline 7-10% in FY25: CareEdge

The pace of National highway construction in India is expected to decline by approximately 7-10 per cent in FY25, with construction slowing from 12,350 km in FY24 to an estimated 11,100-11,500 km in FY25, translating to a rate of nearly 31 kilometre per day, according to CareEdge Ratings.

1 min

Justice Aravind Kumar: SC strengthens fundamental rights

Justice Aravind Kumar, Judge, Supreme Court of India delivered the Fali S. Nariman Memorial Lecture at O.P. Jindal Global University and said, \"The Supreme Court of India Enhances Fundamental Rights enshrined in the Constitution.

2 mins

Lux Industries Launches Lux Nitro After 22 Years

Industries Limited, a name synonymous with excellence in the hosiery industry, proudly announces the launch of its latest premium men's innerwear brand, Lux Nitro.

1 min

100xDevs: A new developer training school revolutionizing the industry

Karan Handa, a University Dropout, Attracts Attention with Extraordinary Achievement. It is his first job for him, which is a base salary of $230,000 a year plus a bonus in which he could sit and code sitting in his apartment in India, working from India.

2 mins

RBI Rate Cut Fails to Cheer Markets

The Indian stock market ended in the red on Friday following the Reserve Bank of India's (RBI) announcement of a 25 basis points (bps) cut in the repo rate, bringing it down to 6.25 per cent.

1 min

India on track for 2030 target: Pralhad Joshi

India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy.

1 min

PSBs Record Highest-Ever Net Profit of Rs 1.29 Lakh Crore

PSBs posted a record Rs 1.29 lakh crore profit, improved asset quality, strong credit growth, and robust capital reserves.

1 min

Affordable housing to get boost from repo rate cut, tax exemption relief: Hiranandani

Managing Director of Hiranandani Group, lauding the Budget and its massive tax relief, said that the Finance Minister gave a big boost by raising exemption limit.

1 min

'India certainly can achieve 7% plus growth': RBI Governor

RBI Governor Sanjay Malhotra on Friday said India can certainly achieve 7 per cent or above growth and that should be what the country should aspire for.

1 min

India Ranks 19th in Top Startup Hub in 2024

India has ascended to the 19th position globally, returning to the top 20 in 2024, with a total score of 13,529.

1 min

ADVENT OF NARENDRA MODI AS AN ECO-CONSCIOUS PRIME MINISTER

The advent of eco-conscious PM Narendra Modi, at this critical juncture, is icebreaking in the socio-economic and political discourse of humankind. PM Modi's global engagements, be it bilateral, regional or multilateral, have climate concern at its core.

5 mins

Poetry: From creation to confrontation

We catch the words, make them mean something, and then, leave them dead, for others to come and see our kill. When you hunt them down, they die for a moment, and then, become liberated and fly away, to be used in some other context, in some other text. Like a painting, a text too is never a finished product.

4 mins

A GENTLE NUDGE TO BORROW

Additionally, the RBI's decision to maintain the Cash Reserve Ratio (CRR) at 4% means that banks are still required to hold a portion of their deposits as reserves, limiting the funds available for lending.

5 mins

Delhi High Court Allows NTPC's Petition Against JITF Arbitration Award

The Delhi High Court in the case has allowed the NTPC Limited's petition against an arbitration award won by Jindal ITF Ltd.

1 min

Supreme Court Asks Centre: How Many Persons Declared As Foreigners Deported So Far?

The court pulled up the State of Assam for not initiating the process to deport foreigners, despite being aware of their nationalities, and questioned their indefinite detention in India.

2 mins

Allahabad High Court Stayed Criminal Proceedings Against Fashion Model Booked Over 'Controversial' Poster With Shiva Linga

The Allahabad High Court in the case observed and has stayed the criminal proceedings stayed against Varanasi-based fashion model Mamta Rai in a 2022 case wherein it alleged that she promoted enmity between different groups on the grounds of religion and race and committed intentional insult by posting a picture showing her offering flowers on a Shivalinga with the caption \"(I am Kashi)\".

1 min

Delhi High Court Summons Shashi Tharoor in BJP's Rajeev Chandrashekhar Defamation Case

The Delhi High Court in the case has summoned Congress leader Shashi Tharoor on a defamation petition filed by BJP leader Rajeev Chandrashekhar.

1 min

Supreme Court Asks 3 High Courts If Commercial Divisions Dealing With Admiralty Law Are Constituted

The Supreme Court in the case MV Global Emerald Versus Meck Petroleum DMCC And Anr observed and has sought a response from the Registrar Generals of the High Courts of Karnataka, Kerala and Orissa on the status of setting up Commercial Divisions dealing with admiralty cases.

1 min

Supreme Court Relieves Datla Sreenivasa Varma As In-Charge Of SIT Formed To Probe Manipur Extra-Judicial Killings

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

2 mins

Supreme Court Criticises Uttar Pradesh Govt For Non-Compliance With Order To Investigate Illegal Filling Of Water Bodies

The Supreme Court in the case Mirza Abid Beg versus. State of UP And Ors. observed and has expressed displeasure over the non-compliance by the State of Uttar Pradesh with the direction of Court to investigate and submit a report on instances of illegal filling of water bodies in Bijnor District.

2 mins

Huts Gutted in the Slum Fire in Rohini

A fire broke out at a slum cluster near Upvan Apartment in Sector 28, Rohini on Friday.

1 min

AAP Leaders Huddle at Kejriwal's Residence Ahead of Counting

Leaders expressed optimism about securing a majority

2 mins

AAI Completes Airspace Design for Navi Mumbai, Noida Airports

The Airports Authority of India (AAI) has announced the successful completion of airspace design and flight procedures for the Navi Mumbai International Airport and Noida International Airport (Jewar).

1 min

Fire Breaks Out at Okhla Landfill Site

A fire broke out at the Okhla landfill site on Friday. Videos purporting to show smoke billowing from the landfill became widely circulated on social media.

1 min

Kejriwal Accuses ECI of Not Uploading Booth-Wise Data

The party has also launched a website, where they have claimed to have uploaded copies of Form 17C provided to AAP for every assembly constituency.

1 min

Delhi CEO Refutes Kejriwal's Allegation

The Chief Electoral Officer of Delhi on Friday refuted claims of Aam Aadmi Party (AAP) chief Arvind Kejriwal, who alleged that the Election Commission (EC) had not provided booth-wise voting data in assembly constituencies, with the poll body saying that Conduct of Election Rules, 1961 has been \"complied in letter and spirit\" at every polling station.

1 min

RPF Pitches In With Help For Woman In Labour

A woman from Bihar's Samastipur gave birth to a baby girl in a train coach at Anand Vihar Railway Station in Delhi with the help of Railway Protection Force (RPF).

1 min

'They have lost their mental balance': BJP's Sachdeva

Delhi BJP President Virendra Sachdeva on Friday launched a sharp criticism of Aam Aadmi Party (AAP) leaders including former Chief Minister Arvind Kejriwal and Sanjay Singh, stating that they have lost their \"mental balance.\"

1 min

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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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