In this issue

April 25, 2024

Indian payments get a boost with new QR tech

In a notable shift within India's digital payment landscape, the Unified Payments Interface (UPI) has emerged as the preferred mode of transaction, with a staggering 118 billion transactions recorded in the fiscal year 2023, as per data released by the National Payments Corporation of India (NPCI).

2 mins

X vs. YouTube, Musk's platform launches TV app

Social media platform X is Sgearing up to challenge video-sharing giant YouTube with the impending launch of its dedicated TV app, as announced by CEO Linda Yaccarino.

2 mins

HUL Q4 PAT FALLS BY RS 2 CRORE TO RS 2,406 CR, TOTAL INCOME UP AT RS 15,441 CRORE

In FY23-24, HUL’s consolidated net profit saw a modest 1.5% increase to Rs 10,277 crore from Rs 10,120 crore in the preceding year.

2 mins

RBI blocks Kotak Bank's online onboarding & credit card issuance

In a significant regulatory development, the Reserve Bank of India (RBI) imposed restrictions on Kotak Mahindra Bank (KMB) on April 24, prohibiting the bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards.

1 min

IHG hotels & resorts to double down on India, 100 new hotels in 5 years

THG Hotels & Resorts, a leading hospitality major, has announced ambitious plans to double its presence in India over the next five years, aiming to operate a total of 100 hotels in the country.

1 min

Airtel denies interest in buying Vodafone's stake in Indus Towers

Bharti Airtel has clarified that it is not currently in talks to acquire UKbased Vodafone Group's 21.05% stake in Indus Towers, dismissing speculations sparked by a report in The Economic Times.

1 min

INDIAN STOCK MARKET UP FOR FOUR DAYS STRAIGHT, SENSEX NEARS 74,000

The BSE Sensex climbed 0.16%, closing at 73,852.94, with the NSE Nifty advancing 0.15% to 22,402.40.

2 mins

Mukund, formerly of Paytm Payments Bank, assumes the role of Group CFO at Lendingkart

Mukund My Barsagade, forLmerly the Chief Financial Officer (CFO) of Paytm Payments Bank Limited (PPBL), has transitioned to fintech firm Lendingkart, assuming the role of Group CFO.c

2 mins

Top 10 women investors shaping Indian startups in 2024-25

International Girls in ICT Day 2024 is being commemorated worldwide on April 25th this year. Despite women currently occupying 40% of high-skill positions globally, their involvement in ICT-related sectors remains limited.

2 mins

RBI'S NEW MASTER DIRECTION ON ARCS EFFECTIVE APRIL 24

The central bank said that the regulation would be effective from April 24, 2024

1 min

Chennai Petroleum surges 17% on robust Q4 results, dividend announcement

In Wednesday's intraday Ltrading session, Chennai Petroleum Corporation's stock price surged by 16.5% to reach Rs 1,081.65 per share, marking a new record high on the BSE.

1 min

Israel neutralizes rocket launchers in Gaza humanitarian zone

The Israel Defense Forces confirmed that Israeli aircraft targeted Hamas rocket launchers situated in a southern Gaza humanitarian zone overnight. According to the IDF, the launchers were loaded with rockets.

1 min

Kerala High Court Dismissed PIL Alleging Rajeev Chandrashekhar Filed False Affidavit Ahead Of Lok Sabha Polls: 'Remedy Is Election Petition'

The Kerala High Court in the case Avani Bansal v The Election Commission of India observed and has dismissed the public interest litigation, PIL wherein it alleged that no action has been taken on the complaint stating that a false affidavit has been filed along with the nomination paper by BJP leader and Union Minister Rajeev Chandrashekar.

2 mins

SC LAMENTS 'DISMAL' IMPLEMENTATION OF RIGHTS OF PERSONS WITH DISABILITIES ACT, ISSUED DIRECTIONS TO STATES

The Supreme Court in the case Seema Girija And Anr. v. UoI And Ors. observed and has expressed disappointment at the inadequate implementation of the Rights of Persons with Disabilities Act 2016, RPWD across states.

2 mins

SUPREME COURT IN PATANJALI CASE: CONCERNED WITH ALL FMCG/DRUGS COMPANIES AFFECTING LIVES OF CHILDREN AND ELDERLY THROUGH MISLEADING ADS

The Supreme Court in the case Indian Medical Association v. Union of India observed and has clarified against Patanjali over publication of misleading advertisements that it was not dealing with Patanjali as a standalone entity; rather, the Court's concern, in public interest, extended to all those FastMoving Consumer Goods, FMCGs or drugs companies which take consumers of their products for a ride through misleading advertisements.

3 mins

DRI Mumbai seizes 9.67 kg of gold being smuggled from Africa

On a specific intelligence that gold smuggled from Africa through Mumbai International Airport was being processed at a melting facility to remove the foreign markings and was being diverted to the local market, the Directorate of Revenue Intelligence (DRI) has seized 9.67 kg of gold in various forms.

1 min

Evidence against Amol Bishnoi discovered, key suspect in Salman Khan firing case

In the case of firing outside Bollywood actor Salman Khan's residence, Mumbai Crime Branch has recovered strong evidence against gangster Lawrence Bishnoi and his brother Anmol Bishnoi, and hence, both are the main conspirators and have been made the most wanted accused.

1 min

SUNETRA PAWAR GETS CLEAN CHIT IN MSCB 'SCAM' CASE; SS (UBT) LEADER TAKES SWIPE AT BJP

Mumbai Police's Economic Offences Wing (EOW) gave a clean chit to Sunetra Pawar, wife of Maharashtra Deputy Chief Minister Ajit Pawar, who was named as the ruling NDA's surprise pick for Baramati Lok Sabha constituency, in the Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) 'scam' case.

2 mins

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.
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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.