The Business Guardian - May 25, 2023
The Business Guardian - May 25, 2023
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In this issue
May 25, 2023
FM Sitharaman meets Boeing delegation
Union Finance Minister Nirmala Sitharaman had an interaction with a delegation from Boeing comprising their global senior leadership team, led by its president Salil Gupte.
1 min
India's forex reserves at comfortable level: Goyal
India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and industry Minister Piyush Goyal said on Wednesday. India’s forex kitty jumped USD 3.553 billion to USD 599.529 billion for the week ended 12 May, according to the Reserve Bank of India.
2 mins
'Logistics cost to 9% of GDP'
The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday.
2 mins
GROWTH EXPECTED TO EXCEED 7% IN FY23: SHAKTIKANTA DAS
Provisional annual estimates for the year 2022-23 will be released on 31 may, 2023
3 mins
DGCA to conduct audit of Go First's preparedness
Aviation regulator DGCA will conduct an audit of Go First’s preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication.
1 min
Meta starts final round of layoffs
Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles.
1 min
GOA, UTTARAKHAND SIGN MOU TO PROMOTE TOURISM
States will also work together on human resource development ensuring the exchange of knowledge and expertise in tourism
2 mins
LIC's Adani stock value hits Rs 44,670 crore
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to ₹44,670 crore as stock prices rose this week.
1 min
Stock markets halt three-day gaining streak
Benchmark indices Sensex and Nifty closed lower on Wednesday, snapping their three-day gaining streak following profit-taking in financials, metal and oil shares amid a bearish trend in the global markets.
1 min
Hitachi Energy Q4 profit dips 1.68% to Rs 51 crore
According to a filing with the BSE, Hitachi Energy announced that its net profit for the March quarter of 2022-23 decreased by 1.68 percent to Rs 50.81 crore. In comparison, the company had reported a net profit of Rs 51.68 crore during the same period in the previous year.
1 min
Orgatre's rapid growth continues, to reach 5 lakh customers
With revenue generation of more than 2 crore and steady growth in customer acquisition, the brand is expected to hit a significant milestone by the end of this year: 500,000 customers
2 mins
Nykaa's net profit tanks 72% YoY to Rs 2.3 cr in Q4
Nykaa’s parent company, FSN E-Commerce Ventures, witnessed a significant decline in profits of over 70 percent YoY in Q4FY23, reaching Rs 2.3 crore, primarily due to elevated raw material costs. Comparatively, the company had recorded a profit of Rs 7.6 crore during the same quarter in the previous year, as per regulatory filings.
1 min
Suzlon Bags 300 MW Wind Energy Project
Suzlon, a renewable energy solutions provider, announced on Wednesday that it has secured a 300 MW wind energy project from Torrent Power. The company, however, did not disclose the financial details of the order.
1 min
INDIA AND US EXPLORE TO STRENGTHEN ECONOMIC TIES
PK Mishra, who is in Washington, also held interactions with senior officials from the US administration, representatives from the industry
1 min
INDIA-EUROPEAN UNION RELATIONS STRENGTHENED AMID CHINA SKEPTICISM
This is an advantage that China is losing control over in the face of sanctions and an ageing population
2 mins
CyberProof earns Microsoft Specializations
CyberProof, a subsidiary of UST, has achieved a significant accomplishment by obtaining specializations in Threat Protection and Cloud Security from Microsoft. This distinction sets CyberProof apart from the majority of Microsoft partners, as it demonstrates their expertise in the security domain. CyberProof has gained recognition for its innovative approach to Managed Detection & Response (MDR) services, utilizing a platform-enabled model.
2 mins
UDAN 5.1: Helicopter routes empowered
The Ministry of Civil Aviation has introduced UDAN 5.1 with the aim of improving connectivity to remote regions of the country and achieving last-mile connectivity using helicopters. This initiative follows four successful rounds of the Regional Connectivity Scheme (RCS) known as Ude Desh Ka Aam Nagrik (UDAN), with the fifth round (version 5.0) currently in progress.
1 min
KERALA HIGH COURT: HALTED RENOVATION OF SRI THIRUNELLI MAHAVISHNU TEMPLE FOR 10 DAYS
The Kerala High Court in the case Saleesh V. v. State of Kerala And Ors observed and has restrained the Executive Officer of the Sri Thirunelli Mahavishnu Temple, wherein the court proceeding with any renovation works in the Temple for a period of 10 days.
2 mins
Supreme Court: Only Instructing Counsel Can Make Mentioning Before Vacation Bench, Not The Senior Counsel
The Supreme Court in the case observed and has refused to permit Senior Advocate Mukul Rohatgi in order to mention the matter before it.
1 min
BOMBAY HIGH COURT: POLICE CANNOT SEAL FACTORY PREMISES INSTEAD OF SEIZING HEAVY MACHINERY
The Bombay High Court in the case Mahendra Dattu Gore vs State of Maharashtra observed and has ordered desealing of factory premises in Chakan near Pune and that the police do not have the power under section 115 of the Trademarks Act in order to seal the factory premises wherein incriminating articles were being situated.
1 min
ITAT Allowed The Deduction Of Income Tax On Effluent Water Treatment
The Mumbai Bench of the Income Tax Appellate Tribunal in the case observed and has allowed the income tax deduction on effluent water treatment.
1 min
CMS of Assam, Meghalaya discuss border dispute
Assam Chief Minister Himanta Biswa Sarma met Meghalaya CM Conrad K Sangma on Wednesday, and held discussions for resolving the disputes between the two Northeastern neighbours in the remaining six areas along the border.
1 min
19 Opposition parties to boycott inauguration ceremony
In a show of unity, 19 opposition parties, including the Congress, Left and TMC, on Wednesday announced their decision to boycott the inauguration of the new Parliament building by Prime Minister Narendra Modi, saying they find no value in a new building when the soul of democracy has been sucked out.
2 mins
Modi govt doesn't believe in Supreme Court: Kejriwal
Delhi Chief Minister Arvind Kejriwal on Wednesday claimed the ordinance issued for control of services in Delhi means the Narendra Modi government does not believe in the Supreme Court.
1 min
The Business Guardian Newspaper Description:
Publisher: ITV Network
Category: Newspaper
Language: English
Frequency: Daily
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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