In this issue

March 16, 2024

Passenger numbers rise nearly 5% in domestic flights for February

In February, domestic air traffic in India experienced a modest yet noticeable uptick, with a 4.8 percent increase compared to the same period last year, reaching 126.48 lakh passengers.

2 mins

INDIA INVITES INVESTORS FROM PARTNER NATIONS TO TAP CLEAN ECONOMY DOMAIN

The inaugural IPEF Clean Economy Investor Forum will be held in Singapore on 5-6 June 2024 and provide more details on the IPEF Catalytic Capital Fund which has planned commitment to provide USD 33 million in initial grant funding

3 mins

India welcomes Tesla with new EV import scheme

The Indian government has introduced a new scheme aimed at facilitating the entry of US-based electric vehicle giant, Tesla, into the Indian market.

1 min

Nifty can touch 25,320 by Dec, pvt banks & healthcare to lead

Gandharv Anand of CapitNbulls, a franchise under Motilal Oswal Financial Services Ltd., sees an upside target of Nifty in the range of 24,550 to 25,350 by the end of December 2023 (base case scenario).

2 mins

CM Yogi inaugurates projects worth Rs 1,885 crore in Uttar Pradesh

Uttar Pradesh Chief Minister Yogi Adityanath unveiled 551 development projects worth Rs 1,885 crore in Siddharthnagar on Friday and said, \"With the efforts of the double-engine government, the district has effectively been lifted from underdevelopment.\"

1 min

Rlys poised for performance in freight biz, revenue, track laying in FY 2023-24

Indian Railways is set to achieve unprecedented milestones in its operational performance, marking a historic year for the nation's lifeline in terms of freight loading, total revenue, and track laying during the financial year 2023-24.

1 min

GOVERNMENT OKS E-VEHICLE POLICY; MIN INVEST FIXED AT $500M

The EV policy norms imply firms will have to set up manufacturing and start production in India within 3 years with at least 25 per cent of the components sourced locally

2 mins

ADANI LEADS $2.1 BILLION PROJECT FOR MUMBAI AIRPORT

That will ramp up to 90 million by 2032 if there's enough demand, according to Arun Bansal, the chief executive officer of Adani Airport

2 mins

Qwik supply 3rd largest electoral bond buyer; Reliance says co not its subsidiary

Qwik Supply Chain Priknown company with registered address at Navi Mumbai's Dhirubhai Ambani Knowledge City (DAKC) and having links to Reliance Industries, was the third largest donor to political parties using electoral bonds. It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 202324 but Reliance said the company is not a subsidiary of any Reliance entity.

1 min

Paytm secures 5 handles for UPI transactions, existing one to continue

Fintech firm One97 Communications, owner of the Paytm brand, has got five handles in partnership with four banks to continue UPI transactions, as per an update on the NPCI website.

1 min

Building Communities, Building Brands: The Power of Salesforce

With businesses striving to establish stronger connections with their customers, the world of customer relationship management (CRM) is constantly evolving. Companies across various industries, from startups to enterprises, are now adopting community-driven strategies to improve customer experiences and drive growth.

2 mins

L&T Technology Services bags $100 mn deal for Maha cybersecurity

L&T Technology Services (LTTS), the engineering and technology services arm of Larsen & Toubro (L&T), has won a \"first-ofits-kind\" programme in India worth around $100 million (Rs 800 crore) from the Maharashtra State Cyber Department.

1 min

US-INDIA COOPERATION TO FOCUS ON DEFENCE, DEMOCRACY AND TECHNOLOGY: RICHARD VERMA

Deputy Secretary of State Richard Verma stressed the importance of India-US security cooperation, maritime awareness, democracy

2 mins

IMF criticises Pak finance ministry declaration that all targets have been achieved

The IMF has expressed its displeasure to cash-strapped Pakistan's claim that it had achieved all structural benchmarks, and quantitative and indicative targets even before scrutinising and completing the review by the global lender.

1 min

Pakistan PM proposes 5-year plan for country's economic revival

The newly-elected - government of Pakistan Prime Minister Shehbaz Sharif has decided to work on a comprehensive five-year roadmap for the cash-strapped country's economic resurgence, according to a media report on Friday.

2 mins

KERALA HIGH COURT ACQUITTED ACCUSED: COMPLAINANT FAILED TO PROVE CHEQUE WAS ISSUED AGAINST LEGALLY ENFORCEABLE DEBT [CHEQUE DISHONOUR]

The Kerala High Court in the case Rahiya v. Jasna and ors. observed and has held that the complainant under the Negotiable Instruments Act cannot rely on the presumption that the holder of a negotiable instrument has paid consideration for it when the claim of him is inconsistent.

2 mins

DELHI HIGH COURT: ED SUMMONS CANNOT BE QUASHED MERELY BECAUSE DOCUMENTS REQUIRED FOR CONFRONTATION OR PROBE NOT SPECIFIED IN IT

The Delhi High Court in the case - Mr Talib Hassan Darvesh v.

2 mins

TELANGANA HIGH COURT CALLS FOR PROPER IMPLEMENTATION OF NOISE POLLUTION RULES BY FUNCTION HALLS IN HYDERABAD, SEEKS ACTION TAKEN REPORT

The Division bench comprising of Chief Justice Alok Aradhe and Justice Anil Kumar Jukanti in the case was hearing the Public Interest Litigation, PIL that was moved taken up based on letter addressed to the Court by a Colonel in the military.

1 min

Grand Finale of Vimarsh 2023: 5G Hackathon Triumphs at MHA, North Block

The Grand Finale of the highly anticipated Vimarsh 2023, a national hackathon focusing on 5G technology, culminated with resounding success at the Ministry of Home Affairs (MHA), North Block, New Delhi.

1 min

HC declines to halt ban on pan masala in Maharashtra

The Bombay High Court has refused to grant a stay on the order issued by the Food and Drug Administration (FDA) imposing a ban on the manufacture, storage, distribution, transport, and sale of pan masala, comprising tobacco and areca nuts, across Maharashtra.

1 min

Read all stories from The Business Guardian

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:

* 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.
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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.