In this issue

May 26, 2023

BCCI likely to wait for Zee-Sony merger

Amid the ongoing trouble with the Zee Sony merger, the Board of Control for Cricket in India (BCCI) may wait for it to conclude to sell the media rights for Indian cricket teams’ bilateral series

1 min

German economy goes into recession as GDP shrinks

The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday

2 mins

Ola Electric aims for IPO by 2023-end

India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters

1 min

Reliance completes acquisition of 51% stake in Lotus Chocolate

Reliance Consumer Products (RCPL), fast-moving consumer goods arm of Reliance Retail Ventures (RRVL), has completed the acquisition of 51 per cent controlling stake in Lotus Chocolate Company for an aggregate consideration of Rs 74 crore

1 min

CEA SAYS INDIA POISED FOR WORLD-BEATING GROWTH

Data next week is likely to show the economy expanded 7% in the year that ended March

2 mins

Markets bounce back from intra-day lows

Equity benchmark indices bounced back from intra-day lows to settle in the positive territory on Thursday helped by fagend buying

1 min

ED crackdown on online gaming firms

Enforcement Directorate (ED) on Wednesday carried out search and seizure operations at 25 premises in a FEMA violations case lodged against foreign registered Online Gaming companies and websites operating in India

1 min

Crackdown soon on developers of delayed projects: RK Singh

The government will crackdown on developers of power projects, who miss the scheduled commercial date of operation or deadline to complete the project, Power and New & Renewable Energy Minister RK Singh said on Thursday

2 mins

DGCA advises Go First to submit revival plan

The Directorate General of Civil Aviation (DGCA) on Wednesday advised Go First Airlines to submit a comprehensive restructuring plan for a sustainable revival of operations

1 min

QUALITY, CONSUMERS TO PLAY CRUCIAL ROLE: GOYAL

The Minister further said that issues of affordability, practicality and complementarity are also important in making policies

2 mins

MOCA launches UDAN 5.1, for helicopter routes

Following four successful rounds of the Regional Connectivity Scheme (RCS) - Ude Desh Ka Aam Nagrik (UDAN) and with version 5.0 of the fifth round underway, the Ministry of Civil Aviation has launched UDAN 5.1 further to enhance the connectivity to remote areas of the country and achieve last mile connectivity through helicopters, said an official statement on Wednesday

1 min

Chinese Pharma stocks surge

Amid a spike in COVID-19 infections in China, shares of the Chinese pharmaceutical companies saw a massive increase in their values on Wednesday, as per the Hong Kong based media reported

1 min

FITCH PUTS US ON RATING WATCH NEGATIVE

The White House pointed to Fitch ratings’ move as cause for urgency on raising the debt ceiling

2 mins

Net profit falls 42% to Ruppes 153 crore

According to a statement released by Bharat Dynamics Ltd (BDL) on Thursday, the company recorded a net profit of Rs 153 crore during the March quarter, indicating a decline of 42% compared to Rs 264 crore reported in the same period last year

1 min

STEP TOWARDS PROJECTING J&K AS FILM SHOOTING DESTINATION

In the 1960s and 1970s, several Bollywood films, including ‘Kashmir Ki Kali’ (1964), ‘Jab Jab Phool Khile’ (1965) and ‘Bobby’ (1973), among many others, were shot in Kashmir

4 mins

DELHI HIGH COURT: DAUGHTER IN LAW HAS NO INDEFEASIBLE RIGHT IN SHARED HOUSEHOLD, COURT CANNOT EXCLUDE IN-LAWS

The Delhi High Court in the case Adv Shiv Kumar vs. Union Of India And Ors observed and has ruled that the lawyers appearing on the criminal side for an accused or the prosecution cannot claim a right to own an arms license as the same would result in issuance of such licenses indiscriminately

1 min

Alwar Courts Finds Four Guilty, Get 7-Year Jail Term Each; One Accused Acquitted: Rakhbar Khan Lynching Case 2018

The Rajasthan’s Alwar District Court in the case found 4 persons guilty in the 2018 Rakbar Khan Lynching Case

1 min

BSP's Mayawati calls Opposition boycott as unfair

Bahujan Samaj Party (BSP) supremo Mayawati on Thursday said it was “unfair” that some opposition parties have decided to boycott the unveiling ceremony of the new Parliament building stating that government has the right to unveil it as they are the ones who have made it

1 min

SHAH TO VISIT MANIPUR; SAYS JUSTICE WILL BE DONE

Manipur has seen ethnic violence with CM N Biren Singh stating that around 60 people have lost their lives

1 min

Two more cheetah cubs born in Kuno die

Two cheetah cubs born in Madhya Pradesh’s Kuno National Park nearly two months ago died on Thursday due to “sweltering heat and weakness”, the official said

1 min

Read all stories from The Business Guardian

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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:

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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.