SANJAY GARG
India's 10-year bond yield slumps most in four years on Iran truce, RBI policy
Indian bonds rallied on Wednesday, with the benchmark yield posting its biggest fall in four years, as oil prices slumped following a two-week truce between the U.S. and Iran, while the central bank kept its policy rate unchanged.
Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investment
An NRI working in Dubai since 1993 successfully challenged a tax notice for unexplained property investment in India. The ITAT Ahmedabad ruled that funds remitted through proper banking channels from his Dubai earnings, even for property purchase, cannot be deemed unexplained. This decision offers significant relief to NRIs facing similar tax scrutiny.
NFO Insight: Can Abakkus Small Cap Fund’s MEETS framework safeguard portfolios amid volatile market?
Abakkus Mutual Fund has launched its second equity offering, the Abakkus Small Cap Fund. This new fund seeks long-term capital growth by investing in Indian small-cap companies. The fund house highlights attractive entry valuations and growth opportunities in this segment. Abakkus emphasizes its unique MEETS investment framework for disciplined stock selection and risk management.
India’s inflation revamp may give Reserve Bank a reason to stay on hold
India is set to release inflation figures using a new index on Thursday, which analysts predict may indicate elevated price pressures. This revised Consumer Price Index, reflecting updated spending patterns and new categories, could influence the central bank's decision to maintain current interest rates.
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Borrowing costs easing for new-age lenders
After multiple regulatory interventions and profitability issues, some of the large digital lending companies are finally showing profits and better stability in the business, this is giving confidence to banks and large NBFCs to extend more credit lines to the sector Over the past year, cost of funds has dropped by around 50 basis points across highly rated fintechs.

India cannot ignore quality of products, services if it seeks to be developed nation by 2047: BIS DG
BIS Director General Sanjay Garg emphasized that India must prioritize product and service quality to achieve developed nation status by 2047. He highlighted quality as the key differentiator between developed and developing nations. While gold jewellery hallmarking is mandatory in 373 districts, silver hallmarking will become mandatory only after infrastructure is in place.

Lakme Fashion Week 2023 kicks off in style: Sanjay Garg's Raw Mango sets ramp on fire with 'Children of the Night' collection
Designer Sanjay Garg opened the 2023 edition of Lakme Fashion Week in New Delhi with his collection 'Children of the Night', featuring metallics and bold colours.

1997 Uphaar fire tragedy: Delhi court seeks response on plea seeking de-sealing of cinema hall
A Delhi court has sought response from the Association of Victims of Uphaar Tragedy (AVUT) on an application moved by real estate tycoon Sushil Ansal, convicted in the 1997 Uphaar cinema fire case, to de-seal the cinema premises. Principal District and Sessions Judge Sanjay Garg directed AVUT president Neelam Krishnamoorthy to file a response by July 25, when the court will further hear the matter.

Buy Steel Strips Wheels, target price Rs 965: Axis Securities
For the quarter ended June 30, 2022, the company has reported a standalone total income of Rs 1016.11 crore, down 4.92 per cent from last quarter total income of Rs 1068.74 crore and up 49.34 per cent from last year same quarter total income of Rs 680.40 crore.

Buy Steel Strips Wheels, target price Rs 1025: HDFC Securities
For the quarter ended June 30, 2022, the company has reported a standalone total income of Rs 1016.11 crore, down 4.92 per cent from last quarter total income of Rs 1068.74 crore and up 49.34 per cent from last year same quarter total income of Rs 680.40 crore.

Bihar: Plaint against social activist for 'objectionable remarks' against Modi, Nitish, Adityanath
Jaipur-based social activist Sanjay Garg accused for posting derogatory remarks against Prime Minister Narendra Modi, Bihar Chief Minister Nitish Kumar and his Uttar Pradesh counterpart Yogi Adityanath on the social media.

Noteban destroyed businesses, led to deaths in queues outside banks: Opposition
Prime Minister Narendra Modi on November 8, 2016, had announced the decision to ban currency notes of denomination Rs 500 and Rs 1,000.

'Uttar Pradesh CM Covid Care Fund received Rs 412 crore till July last year'
"In the Chief Minister Relief Fund-Covid Care Fund, Rs 412 crore was received through various sources including through the District Magistrates," the chief minister said in a written reply to a question in the state Assembly.

Raw Mango does a digital drape: Founder Sanjay Garg says online store to be key revenue driver, will help bring new global audience
The brand’s online retail entry has been precipitated due to the ongoing lockdown.

Ankur Garg appointed as chief commercial officer at AirAsia India
Garg had quit as the vice-president of revenue management at IndiGo a few weeks back. He now has a role in which he will be in-charge of areas such as network and revenue management, marketing and sales, and cargo of AirAsia India.

Agra students develop solar car to protect Taj Mahal from pollution
Priced at Rs 50,000, the car named 'Nexgen' has been created by students of ACE college of engineering and management, Agra using recycled and and scrap materials.

Top picks in the city this weekend
For a weekend treat that's fun for the family, head to the carnival-themed café Mighty Small.

Land scam: Rajasthan ACB files charge-sheet against suspended RAS officer, 3 others
Anti-corruption bureau of Rajasthan has filed a charge-sheet against suspended RAS officer Nishkam Diwakar and three others in an alleged land scam case.

Rachna Nath quits as PricewaterhouseCoopers partner
Garg has about 30 years of experience in the infrastructure sector and in his last stint at KPMG, was a partner of major projects advisory.

Calls offering crores were made with Arvind Kejriwal's consent: Former AAP MLA Rajesh Garg
"During the initial phase of government formation I got calls from someone who claimed to be calling from Arun Jaitley's office offering Rs 10 crore to support BJP.

Look at sarees beyond traditional avatar: Experts
The author cum expert urges the young to adorn saree as she believes that Indian body types are perfect to wear them and show off their assets.

AAP stung again? Ex-Congress MLA claims Sanjay Singh offered ministership for government formation
"I met Manish Sisodia once and held two meetings with Sanjay Singh in Noida. I am willing to make the evidence public," Khan said.

Modified defence procurement policy in three months: Manohar Parrikar
Speaking at a seminar, defence minister Manohar Parrikar said India cannot afford spending $20 billion on defence procurement.

AAP urges Najeeb Jung to change MLA fund spending law; threatens stir
AAP MLA Rajesh Garg said there is a rule that MLAs fund cannot be used for the development work and welfare for the people living in group housing society flats, which is a "discriminatory" act of the govt.

Ex-GlobalLogic founders to start angel fund, Rajul Garg to run India operations
The fund would be focused in making investment in India and the US in sectors like education, healthcare and outsourcing.

IT outsourcing firm, GlobalLogic, founded by four IITians sold for Rs 2,578 crore
GlobalLogic, which has a typical hybrid biz model pursued by Indian tech entrepreneurs, with large development centres in India, Ukraine and Argentina.

5-yr-old's rape: Main accused Manoj Sah sent in police custody
Manoj Sah was today remanded by a city court in five-day police custody to confront him with co-accused Pradeep.
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