In this issue

April 13, 2024

India's silver rush, imports surge to record high, expected to climb 66%

In a significant development, India’s silver imports skyrocketed by a staggering 260% in February, reaching an all-time high.

2 mins

India seeks faster process, Peru calls for flexibility, pragmatism

India and Peru on Friday dicussed trade in goods, trade in services, movement of natural persons, rules of origin among other matters during the seventh round of negotiations for the India-Peru FTA from 8-11 April 2024.

2 mins

PVS KEEP AUTO SECTOR FIRING IN FY24 POST 12.5% GROWTH, SALES OF 42 LAKH UNITS

On the backdrop of a robust economic growth of 7.6 per cent the Indian automobile industry posted a satisfactory growth of 12.5 per cent during financial year 202324, with passenger vehicle segment leading the growth with overall sales touching almost 5 million units even as the industry remains optimistic amidst positive macroeconomic outlook.

2 mins

Retail inflation eases to 4.85% in March 24, experts flag food price worry

Days after RBI kept its policy rates in abeyance, India’s consumer price index led retail inflation moderated to 4.85 per cent in March 2024 even as food inflation softened marginally and core inflation remained steady at 3.5 per cent.

2 mins

Indian tech startups see sharp drop in layoffs, down 60% in Q1

Indian technology startups witnessed a notable decline in layoffs during the first quarter of the calendar year, according to data compiled by a tracking website. Despite ongoing economic challenges, layoffs in the sector reduced by 60% compared to the corresponding period last year, indicating a relatively stable employment landscape amidst evolving market dynamics.

1 min

INDIAN REAL ESTATE TO SURGE TO USD 1.5 TRILLION BY 2034, SAYS REPORT

As per the report published on Friday, India’s real estate sector will be worth USD 1.5 trillion by 2034 as it grows three-fold from USD 482 billion now, with residential and commercial demand increasing.

2 mins

Noida Airport selects Bird Group for ground handling services

On Friday, Noida International Airport said it has entered into a concession agreement with the Bird Group to provide groundhandling resources and services at the upcoming airport in Jewar, Uttar Pradesh.

1 min

HAL bags 97 LCA Mark 1A fighter jets @Rs 65,000 crore

The Defence Ministry has issued a tender to the public sector firm Hindustan Aeronautics Limited for the purchase of made-inIndia 97 LCA Mark 1A fighter jets expected to be worth over Rs 65,000 crore.

2 mins

TN to pitch itself aggressively as mfg site for Tesla

India’s southern state of Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit.

1 min

Indian IT firms face budget constraints as clients tighten purse strings

Infosys Ltd. and Wipro Ltd. are anticipated to commence the Indian earnings season with subdued performances due to tight IT budgets among financial services clients.

3 mins

G-SHOCK'S DEBUT: UNVEILING TRENDS IN NEW DELHI WITH FIRST EXCLUSIVE STORE

The brand invites visitors to explore its newly curated space, where every corner embodies the ethos of Absolute Toughness’ and celebrates

3 mins

Adani group requests $750M from Banks for warrant conversion

The Adani Group is currently in discussions with banks to secure around $750 million (Rs 6,200 crore) in order to meet payment obligations for the conversion of warrants allotted by Ambuja Cements. The deadline for these payments is April 18.

1 min

Europe's resilient finance sector amid US ESG backlash

In Europe, a consistent demand for environLmentally and socially responsible investments, coupled with comprehensive regulations, is bolstering the resilience of the finance industry against political pressures.

2 mins

US INTEREST RATE CUT UNLIKELY IN JUNE AMID STUBBORN INFLATION: MOODY'S

Moody’s believes an interest rate cut during the US Federal Reserve s June meeting is likely off the table given stubborn inflation in the country

1 min

UK Economy shows 0.1% growth in February, indicating recession rebound

The Office for National Statistics, the U.K.’s gross domestic product (GDP) increased by 0.1% in February, indicating a continuation of sluggish economic growth for the year.

2 mins

ADB forecasts moderation in Chinese economy for 2024

The Asian Development Bank (ADB), the Chinese economy is expected to achieve a growth rate of 4.8 percent in 2024. This forecast is attributed to the recovery of household consumption, ongoing adjustments in the property market, and subdued external demand.

1 min

Supreme Court Transfers To Itself petition Challenging BCI's Decision Code Of Conduct rules 2023 Before Karnataka High Court

The Supreme Court in the case Bar Council Of India vs. Rahamathulla Kothwal observed and has transferred to itself a pending petition before the Karnataka High Court wherein it challenged the Bar Council Of India, BCI Rules for qualification or Disqualification and produce for election and code of conduct for the elections of S.B.C/B.C.I.) 2023, the Rules of 2023 which being on the grounds that similar cases with identical issues of conducting free and fair state bar council elections have been transferred to the Supreme Court.

2 mins

NCP chief Ajit Pawar discusses contentious Madha and Nashik seats with party workers

Maharashtra Deputy Chief Minister Ajit Pawar, who heads the Nationalist Congress Party (NCP), on Friday met the leaders of his party and discussed with them the issues surrounding the contentious Madha and Nashik Lok Sabha seats.

1 min

HC pulls up Maharashtra govt for denying benefits to martyr's widow

The Bombay High Court on Friday expressed displeasure with the Maharashtra government for its failure to decide on granting benefits to the widow of an Army major, who was martyred in Jammu and Kashmir, under its policy for ex-servicemen.

2 mins

CONGRESS FACES SETBACK AS 2 DISTRICT PRESIDENTS RESIGN OVER DHULE CANDIDATE ANNOUNCEMENT

The Congress party in Maharashtra has encountered a significant setback as its district presidents in Nashik and Dhule have tendered their resignations in protest against the decision to nominate former MLA Dr. Shobha Bachhav as the Lok Sabha candidate for the Dhule constituency.

1 min

Read all stories from The Business Guardian

The Business Guardian Newspaper Description:

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:

* Economic news and analysis: The Business Guardian covers the latest economic news and trends from India and around the world. The magazine also provides in-depth analysis of the Indian economy, as well as its impact on businesses and individuals.
* Industry news and trends: The Business Guardian also covers the latest news and trends from different industries, such as technology, finance, healthcare, and manufacturing. This coverage helps readers to stay informed about the latest developments in their respective industries.
* Corporate news and profiles: The Business Guardian also features corporate news and profiles of leading companies in India. These profiles provide readers with insights into the strategies and operations of these companies.
* Management and leadership: The Business Guardian also features articles on management and leadership. These articles help readers to develop their skills and knowledge in these areas.

The Business Guardian is a valuable resource for anyone who is interested in business in India. It is a must-read for anyone who is looking to stay informed about the latest economic and business trends in the country, or who is looking for insights from leading experts in the field.