In this issue

June 06, 2023

RBI may again pause repo rate at meet: SBI Research

The Reserve Bank of India (RBI) is expected to again pause the repo rate, the rate at which the central bank lends money to banks, in its bi-monthly monetary policy to be held this week, SBI Research said in a report.

1 min

RBI deputy guv urges banks to address gaps

Deputy Governor at the Reserve Bank of India (RBI), Rajeshwar Rao, said that the time is right to address the gaps in governance frameworks in banks as the overall banking sector in India at the moment is sound, resilient, and financially healthy.

2 mins

INDIA'S SERVICES PMI EXPANDS

Services log 2nd-strongest rate of growth in close to 13 years

2 mins

India's auto retail sales register 10% YoY growth

Auto retail sales in May demonstrated a 10 per cent year-on-year growth, led by a resurgence across all vehicle categories as a combination of favourable factors like marriage season, anticipated changes in FAME subsidies — effective from June — recovery of rural demand, strong pending orders and robust demand for new launches drove up the all India retail sales to 20,19,414 units from 18,33,421 vehicles sold in May 2022.

2 mins

Morgan Stanley pegs India's growth at over 6 pc

Morgan Stanley on Monday said India’s GDP growth will track above 6 per cent in the next two financial years, supported by strength in domestic demand. It pegged growth for 2023-24 and 2024-25 at 6.2 per cent and 6.5 per cent, respectively.

2 mins

OPEC+ to deepen oil output cuts from July

The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill.

1 min

SENSEX SETTLES HIGHER AS RELIANCE, ICICI BANK GAIN

The 30-share BSE Sensex climbed 240.36 points or 0.38 per cent to settle at 62,787.47

1 min

CAG report being used selectively: Govt sources

In response to the CAG report being cited by certain quarters related to the expense on safety by the Indian Railways, government sources have said that this information is being selectively used.

1 min

Airlines asked to cool air fares, says Scindia

Union civil aviation minister Jyotiraditya Scindia in a meeting on Monday with Airlines Advisory Group discussed the issue of rise in air fares.

1 min

Amazon to waive off seller fee by 10%

E-commerce giant Amazon has waived off 10 per cent of its seller fees to mark its decade-long presence in India, said a report.

1 min

CORNERSTONE OF FREE INDO-PACIFIC

Terming US-India partnership as “cornerstone” of free and open Indo-Pacific, US Secretary of Defence said that both nations have a unique role in preserving the rules-based international order

2 mins

Wipro shareholders approve Rs 12,000 cr share buyback

IT company Wipro shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutinizer report released on stock exchanges on Monday.

1 min

HOW FUNDING SLOWDOWN IS IMPACTING STARTUPS

Total global venture funding started to fall in Q1 2022 from its peak of around $187 billion in the last quarter of 2021

4 mins

No space left for terror supporters in 'Naya J&K'

A massive crackdown launched by investigating agencies against the terror supporters in Jammu and Kashmir post abrogation of Article 370, a temporary provision in the Constitution, has broken the back of separatists and terrorists sponsored by Pakistan.

1 min

China issues pugnacious monologue

China and the US are far apart relationally, even though the ShangriLa Dialogue -organized by the International Institute for Strategic Studies (IISS) from 2-4 June - is designed to bring nations together to discuss issues of strategic importance.

3 mins

Kerala High Court: Quashed Case Against Rehana Fathima Over Video Showing Her Children Painting On Her Semi-Naked Body

The Kerala High Court in the case XXX v. State of Kerala observed and has quashed the proceedings against the controversial activist Rehana Fathima before the lower court in the case which relates to the circulation of a video wherein the video showed her children painting on her semi-nude body.

1 min

DELHI HIGH COURT: ARBITRATION CLAUSE TO BE OPERATIVE: EXTENSION OF PERIOD OF AGREEMENT BY WRITTEN COMMUNICATION

The Delhi High Court in the case Unique Décor (India) Pvt. Ltd. v. Synchronized Supply Systems Ltd. observed and has held that if the parties in the case extended the period of agreement by written communications and that the arbitration clause being the part of the agreement continues to be operative.

2 mins

Allahabad High Court: Directed Registry To Place Matter Before Chief Justice/ PIL Bench; Religious Education At Govt's Expense

The Allahabad High Court in the case Azaj Ahmad And Others vs. National Commission For Protection Of Child Rights (Ncpcr) Thru. Its Chairperson And Others observed and has directed the Registry to register a Public Interest Litigation as the separate case on the issued of the government funding of religious education in institutions like madrasas and the matter is placed before the Chief Justice for appropriate direction or before the appropriate PIL Bench.

1 min

SUPREME COURT: JUDICIAL REVIEW CANNOT BE EXERCISED TO BE APPRECIATE EVIDENCE IN DEPARTMENTAL ENQUIRY PROCEEDINGS; IF CRIMINAL TRIAL IS RE-EXAMINED BY HIGH COURT

The Supreme Court in the case The Indian Oil Corporation & Ors. v Ajit Kumar Singh & Anr observed and has held that the Constitutional Court, while exercising its power of judicial review cannot decide the case at the very first stage wherein the inquiry is still being conducted and inquiry report being prepared, thus, the evidence cannot be reappreciated at the stage of judicial review in the disciplinary proceeding as if conviction in the criminal trial is being re-examined by the next higher court.

2 mins

ASSAM GOVT TO GAUHATI HIGH COURT: NOTIFIED BY PUBLIC LAND PROTECTION CELLS; EMPOWERED TO REDRESS GRIEVANCES RELATED TO ENCROACHMENT

The Assam Government in the case Sri Nasir Khan & 6 Ors. v. The State of Assam & 32 Ors observed and has notified the establishment of Public Land Protection Cells, PLPC for three different categories including Rural Areas, Municipal Areas other than Guwahati and Guwahati Municipal Area on May 24, 2023.

1 min

Sisodia's interim bail plea refused

The Delhi High Court on Monday refused to grant interim bail to AAP leader Manish Sisodia in a money laundering case arising from the alleged excise policy scam.

1 min

Indian Navy embraces green initiatives and technology

In its ongoing commitment to environmental protection and green initiatives, the Navy, as a proactive and environmentally conscious force, emphasizes the significance of energy efficiency in all its operations and processes. According to an official statement released on Sunday, the Navy, being the guardian of the seas, operates a range of high-energy intensity assets such as ships, submarines, and aircraft.

2 mins

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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:

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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.