In this issue

May 31, 2023

Airbus to deliver Aeroflot's A350 order to Air India

Tata-owned Air India is expected to receive its first Airbus 350 wide-body aircraft in the second half of 2023 -- most likely from October. The Russian airline company Aeroflot’s orders for A350 aircraft by Airbus will now be delivered to Air India.

1 min

Number of frauds rose in FY23, amount halved

The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs 30,252 crore, showed a Reserve Bank data released on Tuesday.

2 mins

Sensex, Nifty extend rally for fourth day in FII inflows

Benchmark stock indices Sensex and Nifty maintained their winning streak for the fourth straight day on Tuesday, helped by foreign fund inflows and positive Asian markets.

1 min

GROWTH MOMENTUM TO SUSTAIN IN FY24: RBI

Monetary policy remains focused on the withdrawal of accommodation, RBI said

2 mins

Go First now cancels all flights till June 4

Crisis-hit Go First Airlines on Tuesday in Christians and formed that its scheduled flight operations will remain cancelled till June 4, adding that a full refund will be issued to the passengers. Earlier flight operations were cancelled till May 30.

1 min

Volume, value of currency rose in circulation in FY23

The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9.9 per cent and 5 per cent, respectively, in 2021-22, revealed the RBI annual report released on Tuesday.

2 mins

Huge investment of Rs 1L cr on anvil for airports: Scindia

Union Civil Aviation Minister Jyotiraditya Scindia on Monday said that there is a plan to invest Rs 1 lakh crore in airports in the coming days.

1 min

Defence exports at all time high in 9 years

India’s defence exports have reached an all-time high worth nearly Rs 16,000 crore in 2022-23, surging from a mere Rs 686 crore in 2013-14.

1 min

KHARIF HARVEST, ARRIVALS HELPED CONTAIN INFLATION

The report said the proactive supply-side interventions by the government also helped contain price pressures

2 mins

BPCL develops LPG, PNG stoves with max efficiency

Bharat Petroleum Corporation (BPCL) on Tuesday said its research and development team at Greater Noida has successfully developed a piped natural gas (PNG) burner with an efficiency of 70 per cent, surpassing the reported 55 per cent efficiency so far.

1 min

CHINA FINES MORE THAN ONE LAKH PEOPLE

According to a report, more than 1,11,000 people in China were fined in the first quarter of 2023 under corruption charges after they received nearly 776,000 petitions and reports, out of which 231,000 were just accusations, Directus reported.

2 mins

MEITY INVITES PLEAS FOR INCENTIVES UNDER PLI 2.0

Govt opens the window for applications for IT hardware to enhance manufacturing electronics sector under PLI

2 mins

NBCC net profit jumps 176 pc

State-run construction company NBCC (India) on Monday posted a jump of 176 per cent in its net profit to Rs 113.63 crore for the quarter ended March 31, 2023, against Rs 41.10 crore in the year-ago period.

1 min

Farmers script new chapter in agri-economy in Kashmir

Holistic Agriculture Development Programme (HADP) has proven to be a boon for small and marginalized farmers in Jammu and Kashmir. It is helping them to script a new chapter in the agriculture economy of the Himalayan region.

2 mins

PROJECTS FACELIFT J&K'S TANGMARG AND GULMARG

Expenditure of Rs 1.64 crore on the beautification project aimed at repairing, redeveloping, restoring assets

2 mins

Supreme Court Collegium Recommended For The Appointment Of Justice Nitin Jamdar As The Acting Chief Justice Of The Bombay High Court

The Supreme Court Collegium recommended for the appointment of Justice Nitin Jamdar as Acting Chief Justice of the Bombay High Court after Chief Justice RD Dhanuka demits office.

1 min

BOMBAY HIGH COURT ASKED TO IMPLEAD MOSQUE TRUST USING LOUDSPEAKERS FOR AZAN; NOISE POLLUTION

The Bombay High Court in the case observed and has asked for the Gausiya Mosque Trust in Kandivali to be impleaded as a respondent in a writ plea moved against the use of loudspeakers.

1 min

DELHI HIGH COURT: MODIFIED LIFE SENTENCE TO 20 YEARS IMPRISONMENT IN 2015 RAPE AND THE MURDER CASE

The Delhi High Court in the case Ram Tej v. State observed and has modified the case to rigorous imprisonment for a period of 20 years without remission, thus, while considering the mitigating and the extenuating circumstances.

2 mins

Allahabad High Court: All Cases Aren't Reported; Sexual Assault On Children On Rise; Offenders Must Be Punished Mercilessly

The Allahabad High Court in the case Rajesh vs. State Of U.P. And 3 Others observed and has stated that there has been an alarming and shocking increase in sexual offences which are committed against children.

2 mins

To restore normalcy in Manipur, Shah holds all-party meet

On the second consecutive day of his four-day long visit to Manipur, Union Home Minister on Tuesday chaired an all-party meeting, met prominent personalities and women leaders to restore normalcy in the violence-hit state.

2 mins

WRESTLERS HALT PLAN TO IMMERSE MEDALS IN GANGA

‘These medals are our lives, our souls. There would be no reason to live after immersing them in the Ganga’

1 min

Global geopolitical order in state of flux, says CDS

Highlighting India's commitment to peace and stability, Chief of Defence Staff (CDS) General Anil Chauhan on Monday said the current global security situation is not at its best and the international geopolitical order is in a state of flux.

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.