Articles for category: Business

Market News

Election Date Shifted to Honor Bishnoi Festival and Protect Voting Rights

Election Date Shifted to Honor Bishnoi Festival and Protect Voting Rights

The Election Commission of India has postponed the Haryana assembly election date from October 1 to October 5, 2024. This change honors the Bishnoi community’s long-standing festival, commemorating Guru Jambheshwar, which occurs on October 2. Thousands of Bishnoi families from regions like Punjab, Rajasthan, and Haryana travel to their native village for this annual celebration, ...

Market News

NBCC Unveils Ambitious Bonus Share Plan: 1:2 Ratio Approved!

NBCC Unveils Ambitious Bonus Share Plan: 1:2 Ratio Approved!

State-owned NBCC (India) Ltd has announced its plan to issue bonus shares in a 1:2 ratio, meaning eligible shareholders will receive one new fully paid equity share for every two shares they currently hold. The company will allocate Rs 90 crore from its free reserves for this initiative, which requires approval at the upcoming Annual ...

Market News

BLS International Acquires SLW Media: A Strategic Move in Sports Management

BLS International Acquires SLW Media: A Strategic Move in Sports Management

BLS International, a leading visa processing and consular services provider, has recently acquired a 51 percent stake in SLW Media, a sports management company specializing in golf, for Rs 80.24 lakh. This move enhances BLS International’s global footprint, enabling a seamless integration of golf events with its visa and travel services across over 66 countries. ...

Market News

Aviva’s India Unit Under Fire for Alleged  Million Tax Evasion Scheme

Aviva’s India Unit Under Fire for Alleged $11 Million Tax Evasion Scheme

British insurer Aviva is under scrutiny in India for alleged tax evasion involving fake invoices and cash payments to sales agents. Reports indicate that between 2017 and 2023, Aviva’s India unit breached local commission regulations, which led to an estimated $5.2 million in unpaid taxes. The Indian tax agency claims that Aviva channeled about $26 ...

Market News

Empowering Women: Central Government’s Bold Steps for Safety and Nutrition

Empowering Women: Central Government’s Bold Steps for Safety and Nutrition

Union Minister of Women and Child Development, Annapurna Devi, emphasized that empowering women and ensuring their safety is a top priority for the Central government. Speaking at Mahatma Mandir during the launch of “Poshan Maah,” a national nutrition initiative, she highlighted the government’s commitment to women’s safety and nutrition. Devi urged state governments to implement ...

Market News

Monsoon Drama: India Faces Rain Surplus Amid Northeast Deficiency

Monsoon Drama: India Faces Rain Surplus Amid Northeast Deficiency

India experienced a significant increase in rainfall during August 2024, with the India Meteorological Department reporting levels about 16 percent above normal. The country received an average of 287.1 mm of rain, making it the second wettest August since 2001. However, several areas, particularly in the northeast, Kerala, and Vidarbha in Maharashtra, recorded below-normal rainfall ...

Market News

Judicial Crisis: Sibal Demands Urgent Reforms for Overburdened District Courts

Judicial Crisis: Sibal Demands Urgent Reforms for Overburdened District Courts

Senior advocate and Rajya Sabha MP Kapil Sibal has drawn attention to the poor working conditions faced by district court judges in India. Speaking at the ‘National Conference of the District Judiciary,’ he emphasized that inadequate salaries and infrastructure hinder the justice delivery system’s effectiveness. Sibal described how judges struggle with overwhelming caseloads and lack ...

Market News

IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM is planning to scale back its operations in China, reportedly due to rising tensions between the US and China, as well as a decline in the Chinese economy. The company is cutting about 1,000 jobs in major cities like Beijing, Shanghai, and Dalian and is ending its research operations in China after 25 years. ...

Market News

Trump’s Fiery Assault on Harris: ‘Defective’ Rival in Election Showdown

Trump’s Fiery Assault on Harris: ‘Defective’ Rival in Election Showdown

Donald Trump has intensified his personal attacks on Kamala Harris, calling her “defective” during a recent speech at a conservative event. This criticism follows Harris’s first major interview as the Democratic presidential nominee, where she addressed Trump’s comments about her racial identity. In response to Trump’s remarks, Harris dismissed them as part of a “same ...

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