The Business Guardian - May 24, 2023Add to Favorites

The Business Guardian - May 24, 2023Add to Favorites

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In this issue

May 24, 2023

Farewell, Rs 2000 notes: Cash swap countdown commences

Reserve Bank of India (RBI) has announced the withdrawal of the 2,000 rupee currency notes from circulation, while stating that they will continue to remain as legal tender. This decision was made in an effort to phase out the high-value denomination, which was primarily introduced during demonetization to replenish the value of money being taken out from the system. The RBI has advised banks to cease the issuance of 2,000 rupee banknotes immediately.

Farewell, Rs 2000 notes: Cash swap countdown commences

2 mins

PM Modi strengthens ties with Australia's business elite

Prime Minister Narendra Modi kicked off his visit to Australia with a series of significant meetings in Sydney.

PM Modi strengthens ties with Australia's business elite

2 mins

MOODY'S: INDIA'S GDP SOARS, INVESTMENT BARRIERS LOOM

India’s rapid economic ascent and its potential for future growth have positioned it as a key player in the global economy

2 mins

India to open consulate in Brisbane: PM Modi

In a highly anticipated move, Indian Prime Minister Narendra Modi revealed on Tuesday that India will be establishing a consulate in Brisbane to cater to the longstanding demand of the Indian diaspora.

2 mins

UK economy set for positive growth in 2023

The International Monetary Fund (IMF) has projected that the UK economy will steer clear of a recession and continue experiencing positive growth throughout 2023. This optimistic outlook is largely attributed to the recovery in demand, propelled by the decline in energy prices.

1 min

RBI conference focuses on bank governance for stability

In a bid to address the crucial aspects of governance in public sector banks, the Reserve Bank of India (RBI) convened a conference for directors on the Boards of these banks. The event took place on Monday in New Delhi and was inaugurated by RBI Governor Shaktikanta Das.

RBI conference focuses on bank governance for stability

1 min

Srinagar shines as G20 showcases heritage and modernity

In a notable display of India’s commitment to global responsibility, Union Minister Jitendra Singh emphasised the significance of hosting the G20 meeting in Srinagar. Singh, the Minister of State in the Prime Minister’s Office, described Srinagar as a city that seamlessly blends traditional heritage with modern infrastructure and cutting-edge technology. His remarks came during the inaugural session of the third tourism working group meeting of the G20 countries held at the Sher-e-Kashmir International Convention Centre (SKICC).

Srinagar shines as G20 showcases heritage and modernity

2 mins

Ravneet Kaur makes history as CCI chairperson

In a significant milestone, Ravneet Kaur took charge as the Chairperson of the Competition Commission of India (CCI) on Tuesday, becoming the first woman to hold the position on a full-time basis. This historic appointment marks a turning point in the fair trade regulator’s history.

Ravneet Kaur makes history as CCI chairperson

1 min

INDIA'S 5G AND 6G POTENTIAL PROPELS DIGITAL INNOVATION: US AMBASSADOR

India, with its vast population, thriving digital economy, and technological advancements, is positioned to harness the transformative power of 5G and, in the future, 6G, propelling itself to the forefront of digital innovation, according to US Ambassador to India Eric Garcetti. Speaking at the US-India 5G and Next Generation Networks workshop organised by the US Trade and Development Agency (USTDA), Garcetti emphasised the importance of trust in 5G networks and highlighted the commitment of both India and the US to collaborate on deploying secure and reliable solutions.

INDIA'S 5G AND 6G POTENTIAL PROPELS DIGITAL INNOVATION: US AMBASSADOR

2 mins

BIDEN AND MCCARTHY SEEK DEBT CEILING RESOLUTION

Following the meeting, President Biden conveyed his commitment to resolving the issue, stating, \"Biden and I will talk every day until we get this done.”

BIDEN AND MCCARTHY SEEK DEBT CEILING RESOLUTION

1 min

Digi Prinfinity secures investment, expands presence

Digi Prinfinity Pvt Ltd, a leading player in the personalized gifts industry, has secured a significant investment from the renowned Adidhala Group for its customized gifts franchise startup, OOTBox. The investment marks a strategic alliance between the two companies, aiming to expand OOTBox’s presence and establish it as a household name in the gift giving industry. Alongside the investment, OOTBox has already garnered attention by winning the prestigious Innovative Franchise of the Year award at the SuccessPreneur Awards 2023, solidifying its potential in the market.

Digi Prinfinity secures investment, expands presence

1 min

Vedanta approves Rs 18.5 dividend, reports strong performance

The board of directors of Vedanta, a leading mining company, made a significant announcement on Monday as they approved the issuance of an interim dividend for the financial year 2023-24. Shareholders were delighted to learn that the first interim dividend stands at an impressive Rs 18.5 per equity share, reflecting a substantial yield of 1850 percent on the face value of Rs 1 per share. With a total payout of Rs 6,877 crore, this move underscores the company’s commitment to rewarding its investors generously.

Vedanta approves Rs 18.5 dividend, reports strong performance

1 min

DRONE DESTINATION FILES DRHP WITH NSE EMERGE

The company also making strides in drone recreation, gaming, and amusement segment

DRONE DESTINATION FILES DRHP WITH NSE EMERGE

2 mins

BETTERPLACE LAUNCHES BETTERPLACE MONEY: EMPOWERING 10MN FRONTLINE WORKERS

BetterPlace, the largest frontline workforce management SaaS platform in Asia, has recently entered the financial services sector by introducing BetterPlace Money. This new initiative aims to address the significant lack of access to formal credit for over 80% of the labour force in India and Southeast Asia. Through BetterPlace Money, the company intends to empower more than 10 million global frontline workers with creditworthiness by 2025.

BETTERPLACE LAUNCHES BETTERPLACE MONEY: EMPOWERING 10MN FRONTLINE WORKERS

2 mins

JAMMU AND KASHMIR HIGH COURT: HALTS GURUDWARA BOARD ELECTIONS CITING VIOLATIONS OF SIKH GURDWARAS AND RELIGIOUS ENDOWMENT ACT

The Jammu and Kashmir in the case Satinder Singh Vs UT of J&K observed and has stayed the operation of the notification which pertains to the conduct of elections to the Gurdwara Parbandhak Board which was being issued by the Divisional Commissioner of Jammu and Kashmir

2 mins

AAR; NO GST ON THE DIFFERENCE BETWEEN PURCHASING, SELLING PRICE OF SECOND HAND GOLD JWELLERY

The Karnataka Authority of Advance Ruling, AAR in the case observed and has ruled that purchasing of second-hand gold which being in the form of jewellery and also the parts of jewellery from unregistered individuals and from selling it to be registered or to the unregistered dealers after meeting it in the form of lumps of gold, the same cannot be subject to GST on the margin difference which being between the sale price and purchase price as it is stipulated under Rule 32(5) of the CGST Rules, 2017.

AAR; NO GST ON THE DIFFERENCE BETWEEN PURCHASING, SELLING PRICE OF SECOND HAND GOLD JWELLERY

1 min

Kerala High Court: Lawyer Moved Seeking Rs. 1 Crore Compensation For Family Of Kollan Doctor Stabbed During Checkup To Death By Man In Custody

The Kerala High Court in the case Adv. Manoj Rajagopal v. State of Kerala & Ors observed wherein seeking Rs. 1 Crore compensation for the bereaved family members of the 23 years old house surgeon who is named Dr. Vandana Das, who was brutally being killed by an injured man who was being brought to the government hospital in the police jeep, in the Kottarakkara, Kollam.

Kerala High Court: Lawyer Moved Seeking Rs. 1 Crore Compensation For Family Of Kollan Doctor Stabbed During Checkup To Death By Man In Custody

2 mins

PATNA HIGH COURT: DETAILS MUST BE MENTIONED BY COMPLAINANT, GIST OF COMPLAINT IN STATION DIARY BEFORE PROCEEDINGS FOR VERIFICATION

The Patna High Court in the case Kumar Gaurav vs. State of Bihar & Ors observed and has stated that the police, wherein before carrying out a verification exercise, must first be mentioned the name of the complainant, the details of his and the gist of the complaint in the station diary and then the court proceeds for the verification.

PATNA HIGH COURT: DETAILS MUST BE MENTIONED BY COMPLAINANT, GIST OF COMPLAINT  IN STATION DIARY BEFORE PROCEEDINGS FOR VERIFICATION

1 min

Patna High Court Dismissed PIL For Additional PHC On Land Identified BY Gram Sabha: Health Centre's Location Essentially Issue Of Executive Policy

The Patna High Court in the case Munilal Yadav & Ors. vs. State of Bihar & Ors observed and has stated that a decision as to where a healthcare centre should be located being essentially an issue of executive policy and the said court cannot interfere with it.

Patna High Court Dismissed PIL For Additional PHC On Land Identified BY Gram Sabha: Health Centre's Location Essentially Issue Of Executive Policy

1 min

DELHI HIGH COURT: DELHI MAYOR'S DECISION SETS ASIDE FOR RE-ELECTION OF MCD STANDING COMMITTEE

The Delhi High Court in the case Kamaljeet Sehrawat v. Office Of Lieutenant Governor Of Delhi And Ors and othe connected matter observed and has set aside the decision taken by Mayor Shelly Oberoi in order to hold re-election for six members of the standing committee of the Municipal Corporation of Delhi.

DELHI HIGH COURT: DELHI MAYOR'S DECISION SETS ASIDE FOR RE-ELECTION OF MCD STANDING COMMITTEE

1 min

Peace despite fresh violence in Manipur

Manipur remained tense but relatively calm on Tuesday following incidents of violence that occurred the previous day in the northeastern state. Since May 3, at least 70 people have lost their lives in ethnic violence.

Peace despite fresh violence in Manipur

1 min

SIDDARAMAIAH AS CM FOR 5 YEARS: MINISTER ASSERTS

Reports suggest high command proposed rotational CMs to resolve deadlock

SIDDARAMAIAH AS CM FOR 5 YEARS: MINISTER ASSERTS

1 min

Madarsa Board considers college exam centers

Officials have revealed that the Uttar Pradesh Board of Madarsa Education is considering a significant change by using intermediate colleges as examination centers for its students, rather than relying solely on madrassas.

1 min

Women secure top 4 ranks in civil services exam

In the civil services examination 2022, women claimed the top four ranks, as announced by the Union Public Service Commission (UPSC) on Tuesday.

Women secure top 4 ranks in civil services exam

2 mins

Read all stories from The Business Guardian

The Business Guardian Newspaper Description:

PublisherITV Network

CategoryNewspaper

LanguageEnglish

FrequencyDaily

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.

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