In this issue

April 22, 2024

India Shines As Global Growth Dims, Boasts Strong Performance To World Bank

India's economy has showcased remarkable resilience and growth amidst global challenges, with GDP estimates revised upwards to 7.6% for the fiscal year, according to Ajay Seth, India's Economic Affairs Secretary.

2 mins

India diversifies trade, exports to China, UAE, Russia, Singapore surge

India's export landscape For the financial year 202324 witnessed notable strides, particularly in markets like China, Russia, Iraq, UAE, and Singapore.

2 mins

FPIs Sell Rs 5,254 crore in Indian equities amid rising US bond yields, become net sellers in debt mkts

Foreign portfolio investors (FPIs) have shifted their stance in the Indian markets, transitioning from net buyers to net sellers as the momentum of their buying diminished with the onset of the new fiscal year 2024-25 (FY25).

1 min

GOVERNMENT AIMING TO ENHANCE INDIA'S APPEAL FOR MANUFACTURING AND SERVICES: FM SITHARAMAN

Speaking about inflation, she said it never crossed the tolerance band, except for one month, under the Narendra Modi government, whereas before that pre-2014) the economy was ina bad shape and inflation was in double digits

3 mins

Payroll Update: EPFO Registers Addition Of 15.48 Lakh Net Members In Feb 2024

The latest data released by the Employees' Provident Fund Organisation (EPFO) sheds light on the dynamic landscape of employment in India, revealing significant trends and patterns in job creation and workforce demographics. In February 2024, the EPFO recorded a noteworthy addition of 15.48 lakh net members, as disclosed in a statement issued by the Labour Ministry over the weekend.

1 min

India Sees Decline In New Formal Job Creation, Hits Three-Month Low In February

The rural unemployment rate increased sharply to 7.8% in February from 5.8% in January, while urban unemployment rate fell from 8.9% to 8.5% during the same period.

2 mins

India's development incomplete without developed Kashmir, says Puri

Hardeep Singh Puri, serving as Union Minister of Housing and Urban Affairs and Petroleum and Natural Gas, conveyed a powerful message regarding the pivotal significance of Kashmir in India's developmental trajectory during the 'Viksit Bharat Ambassador meetup' convened in Srinagar on Saturday.

2 mins

Musk Delays India Visit Due To 'Heavy Tesla Obligations

The highly anticipated visit of Elon Musk, the CEO of electric vehicle giant Tesla, to India has been temporarily put on hold.

1 min

HDFC Bank CFO: Rs 200 cr written back on AIF provisions after RBI clarification

TDFC Bank has done a Hwrite back of around Rs 200 crore or 20 percent on its provisions made to its alternative investment funds (AIFS), said Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank.

2 mins

ULTRATECH ACQUIRES INDIA CEMENTS' 1.1 MTPA GRINDING UNIT FOR RS 315 CR

Ultratech Cement, on April 20, announced its acquisition of a grinding unit from India Cements in Maharashtra for Rs 315 crore

1 min

Can cities fine homeless for sleeping in parks and on sidewalks

The most significant case Tin decades on homelessness has reached the Supreme Court as record numbers of people in America are without a permanent place to live.

4 mins

Pakistan Formally Requests IMF Bailout Amid Cash Crunch

Pakistan has made a formal request to IMF for seeking the next bailout package in the range of $6 to $8 billion with the possibility of augmentation through climate financing, a media report said on Saturday.

1 min

SUPREME COURT SURPRISED AT GUJARAT APMC ALLOWING 5-STAR HOTEL ON LAND MEANT FOR AGRICULTURE MARKET YARD: 'THIS IS A SCAM'

The Supreme Court in the case Agriculture Produce Market Committee, Surat vs. State Of Gujarat observed and has declined to interfere with the order passed by the Gujarat High Court wherein the court directed the Agricultural Produce Market Committee, APMC Surat for auctioning the land which is allegedly misappropriated for the construction and running of a five-star hotel.

3 mins

FORMER SUPREME COURT JUDGE RF NARIMAN: SYSTEM DID NOT BRING IN PEOPLE LIKE JUSTICE KURESHI; IF YOU ARE TOO GOOD AND INDEPENDENT YOU ARE OUT

Speaking on the appointment of judges, the former Judge of the Supreme Court, Justice Rohinton Nariman said that while the entire system that exists today was not per se bad, it was not being followed properly or working how it should be.

1 min

DELHI HIGH COURT: AN AWARD ISSUED BY UNILATERALLY APPOINTED ARBITRATOR CAN BE CONTESTED FOR INVALIDITY OF APPOINTMENT, EVEN BY THE APPOINTING PARTY

The Delhi High Court in the case Telecommunication Consultants India Ltd v. Shivaa Trading observed and has held that an award passed by a unilaterally appointed arbitrator can be challenged which being on ground of invalidity of such appointment and consequent lack of jurisdiction even by the party who made such an appointment.

2 mins

Have withdrawn my resignation on advice of supporters, says Rais Shaikh

The Akhilesh Yadav-led Samajwadi Party's Bhiwandi East MLA Rais Shaikh on Sunday said he had withdrawn his resignation on the advice of his supporters, reported the PTI.

1 min

WALK FOR PARKINSON'S: AN AWARENESS INITIATIVE BY ARTEMIS LITE MULTI SPECIALITY HOSPITAL

Artemis Lite Multi Speciality Hospital, Gurugram organized a Walkathon on Sunday morning to mark the occasion and create the awareness on Parkinson's Disease.

2 mins

Beyond Borders: Healing Lives, Crafting Customized Medicines across 40 Nations

In a remarkable display of global outreach and dedication to healing, Navjivan Group has extended its reach to 40 nations, delivering tailor-made healthcare solutions and transforming lives worldwide.

1 min

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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.