Business Connect Magazine A fire broke out in the Mahakal Temple in Ujjain, Madhya Pradesh, during the Bhasma Aarti ritual on March 25, 2024. The incident resulted in injuries to 14 priests, including sevaks, with eight of them shifted to a hospital in Indore for further treatment. Causes of the Fire The blaze is believed to have started when gulal or colored powder fell on the puja thali containing burning camphor. According to Ujjain Collector Neeraj Kumar Singh, chemicals in the gulal may have triggered the fire. Impact and Response The incident has raised concerns about safety measures at religious…
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By Business Connect Magazine, May 2025 Shares of Avenue Supermarts Ltd (#DMart) fell over 3% on Monday, May 5, 2025, after the retailer reported disappointing March quarter (Q4 FY25) results, missing analyst expectations. The stock dipped to a low of ₹3,916.15 on the BSE, erasing ₹6,100 crore in notional wealth for ace investor #RadhakishanDamani and other promoters, who collectively hold a 74.65% stake in the company. Here’s a look at the latest updates and what it means for investors and entrepreneurs. Q4 Performance Highlights Avenue Supermarts, which operates the DMart chain, reported a 2.2% decline in consolidated net profit to…
By Business Connect Magazine, May 2025 Indian Space Research Organisation (#ISRO) astronaut Group Captain Shubhanshu Shukla is poised to make history as he prepares to launch to the International Space Station (ISS) on May 29, 2025, aboard the Axiom Mission 4 (Ax-4). This milestone marks India’s return to human spaceflight after four decades, following Wing Commander Rakesh Sharma’s 1984 mission. Here’s the latest on Shukla’s groundbreaking journey and its significance for India’s space program. Shubhanshu Shukla’s Historic Leap to ISS: India’s Space Ambitions Soar A Historic Mission Shukla, a decorated Indian Air Force test pilot with over 2,000 hours of…
By Business Connect Magazine | May 3, 2025 “Sanjeev Juneja’s Remarkable Journey: Transforming the Ayurvedic FMCG Landscape Sanjeev Juneja, dubbed the “Brand Machine,” has transformed India’s Ayurvedic FMCG landscape with his visionary leadership and relentless drive. Born on August 20, 1976, in Chandigarh, Juneja’s journey from a modest background to building a ₹10,000 crore empire is a testament to perseverance and innovation. Inspired by his late father, Dr. I.K. Juneja, a respected Ayurvedic practitioner, he channeled his early exposure to herbal remedies into a thriving business that modernizes Ayurveda for today’s consumer. Starting with just ₹2,000 borrowed from his mother,…
By Business Connect Magazine, May 2025 Kia India is set to elevate the MPV segment with the launch of the Kia Clavis on May 8, 2025. Positioned as a premium upgrade to the popular Kia Carens, the Clavis promises a bold design, advanced features, and enhanced safety, making it a game-changer for Indian families and entrepreneurs alike. Here’s everything you need to know about this exciting debut. Kia Clavis India Launch: Redefining Premium MPVs in 2025 A Fresh Identity with Bold Design The Kia Clavis, essentially a facelifted Carens, sports a rugged, SUV-inspired look. Teasers reveal a redesigned front fascia…
The Gujarat Secondary and Higher Secondary Education Board (GSEB) is all set to declare the much-awaited HSC (Class 12) results for the Science, General, and Vocational streams on May 5, 2025. Students who appeared for the examinations earlier this year can check their results on the official website – gseb.org – once they are published. Students Can Check GSEB HSC Result 2025 for Science, General, and Vocational Streams at gseb.org on May 5 According to official sources, the GSEB 12th Science stream results will be announced in the morning, followed by the General and Vocational stream results later in the…
Written by- Jaya pathak Under Indian law, there are certain categories of persons who are deemed incompetent to contract. Agreements with them are void. Though these agreements can protect them from obligations but they cannot fully comprehend. In this blog, we will discuss who is legally barred from contracting in India and what are the statutory provisions governing the capacity. In India, a contract is governed by the Indian Contract Act, 1872. A contract is basically a document which is enforceable by law. It exists when there is an agreement and enforceability. Section 10 of the Indian Contract Act, 1872…
In a Major step aimed at improving user experience and accountability, ride-hailing platforms such as Uber, Ola, and Rapido will now be required to compensate passengers if their booked rides are cancelled by drivers, starting May 1, 2025. This rule comes as part of the updated Motor Vehicle Aggregator Guidelines 2020, enforced by the Ministry of Road Transport and Highways (MoRTH). The regulation intends to manage the growing frustration among commuters over frequent last-minute ride cancellations by drivers, which often result in delays, inconvenience, and fare hikes. As per the new policy, passengers will be allowed to compensation if a…
Understanding Founder Agreement A founder agreement is a legal agreement between the co founders of the company while setting up a business. In this agreement, the roles, rights, duties, responsibilities, ownership, liabilities and the investment proportion of each founder is mentioned. It can help in setting out your business in the uncertain circumstances which can affect the growth of business. What is the objective of Founder’s Agreement? A founder agreement is made to avoid disputes regarding business which may rise over the period of time between the co- founders. Debunking the Solo- founder myth Many solo entrepreneurs assume that a…
A Journey of Innovation in Emerging Technologies The world has been undergoing a huge transformation since the introduction of artificial intelligence’s enhanced capabilities. Business industries are seeking ways to use AI in their favor to stay relevant and adaptive. A few platforms have emerged as thought leaders to give reliable solutions in the face of complexities with clarity and depth. Business Software India (BSI) has become one such innovator, which is a hub for innovative discourse and intellectual exploration. We recently hosted a compelling discussion with the leadership team of the company about the rising prominence of AI and how…
