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  As per today's Supreme Court judgment of "status quo" on a petition by the Karnataka Waqf Board, Hindu festival Ganesh Chaturthi celebrations at Bengaluru's Eidgah Maidan won’t be taking place. This broke the impasse that had developed since the state administration had insisted on granting licences to erect pandals only in time for the Hindu festival, which will be takes place tomorrow and the following day. Readmore.:  https://industryglobalnews24.com/supreme-court-hearing-bengalurus-eidgah-maidan-wont-be-hosting-a-ganesh-festival The High Court had previously ruled that the government could grant authorization, but the waqf board appealed to the Supreme Court on the grounds that no other religious celebrations had taken place there "for 200 years." The 2.5-acre site must therefore remain as it is, according to the court's three-judge bench. The High Court will ultimately decide on the fundamental question Does the state government or the waqf board ...

  According to the survey it claims that the OTT business, which is expected to grow from Rs 2,590 crore in 2018 to Rs 12,000 crore by 2023, is poised to repeat what happened to the VCR/VCP/VCD segment in the early 2000s when Multiplex was upcoming in the market. The over-the-top (OTT) industry is anticipated to expand from Rs 2,590 crore in 2018 to Rs 11,944 crore by 2023, representing a compound annual growth rate of 36%. Readmore.:  https://industryglobalnews24.com/the-run-of-multiplexes-could-come-to-an-end-if-the-market-for-ott-platforms-reaches-over-rs-12000-crore-by-2023 The analysis cautions that this could result in a recurrence of the 1980s VCR/VCP/DVD boom industry's abrupt demise, given the exponential growth of multiplexes across metro and urban areas during the early 2000s. With over 40 players and unique media content available in all languages, OTT has already taken 7-9% of the revenue and market share of the entertainment sector. It is also steadily expanding....

  Supported by foreign fund inflows and a bullish trend in domestic markets, the rupee strengthened by 6 paise to settle at 79.86 (provisional) against the US dollar on Friday. According to the Forex dealers stated that the rupee's advance was nevertheless limited by increased crude prices on global markets. Readmore.:  https://industryglobalnews24.com/against-the-us-dollar-the-rupee-adds-6-paise-to-close-at-7986 The interbank foreign exchange market's starting rate for the local currency relative to the US dollar was 79.87. Its value versus the US dollar fluctuated between 79.81 and 79.94 during the trading session. In the end, it increased by 6 paisa from its previous closing of 79.92 to end at 79.86 against the US dollar. The dollar index, which evaluates the value of the dollar against a basket of six different currencies, decreased 0.13 percent to 108.33. Global oil benchmark Brent crude futures increased 1.42% to USD 100.75 per barrel. With the domestic equity markets do...

  According to chairman Manoj Jain they have set a advance goal by other state-owned companies that the largest gas company in India, GAIL NSE 1.43% (India), plans to have net-zero carbon emissions from its operations by 2040. In comparison with other countries like U.S, China, European Union India stands 4th largest carbon dioxide emitter. Although India has pledged to reduce emission by 2070.But Gail’s have pledged to reduce by 2040. Readmore.:  https://industryglobalnews24.com/gail-aims-to-have-netzero-carbon-emissions-by-2040-according-to-president-manoj-jain GAIL "is committed to decreasing its carbon footprint by diversifying into the renewable energy market," Jain said during the company's annual shareholders meeting. Not putting more greenhouse gases into the environment is the first step taken toward becoming net zero, or carbon neutral. "GAIL has conducted a rigorous investigation on science-based net-zero ambition and expects to achieve a 100% reduction in...