In this issue

March 23, 2024

Over Rs 50,000 cr 'Made in India' Holi business expected as traders, consumers boycott Chinese goods

This year's Holi festivities are witnessing a significant shift towards 'Made in India' products, with traders and consumers actively boycotting goods manufactured in China.

2 mins

INDIAN E-GAMING BOOMING, MARKET SET FOR 20% GROWTH, REACHING RS 231 BILLION BY 2025

India’s gaming market dominance includes 20% of global mobile game downloads in 2023 and forecasts a USD 6 billion online skill gaming market by 2028.

2 mins

DGCA grounds Air India with Rs 80 lakh fine over pilot fatigue

The Directorate General of Civil Aviation (DGCA) has levied a hefty fine of Rs 80 lakh on Air India for breaching regulations concerning flight duty time limitations (FDTL) and fatigue management systems of flight crew members.

2 mins

WhatsApp tipline launched to fight deepfakes in India

Ahead of the upcoming general elections in India, the Misinformation Combat Alliance (MCA) has announced the launch of a Deepfakes Analysis Unit (DAU) tipline on March 25.

2 mins

Metro brands gets thumbs up from Goldman Sachs, Bata on watch

Goldman Sachs recently initiated coverage on Indian footwear companies Metro Brands Ltd and Bata India Ltd, expressing optimism about their growth prospects. c

2 mins

INDIAN RAILWAYS COLLECTS RS 1,229 CR IN REVENUE FROM CANCELLED WAITING LIST TICKETS

Over the specified period, Indian Railways earned Rs 1,229.85 crore from over 128 million cancelled waiting list tickets, with notable increases in cancellations and revenue each year.

2 mins

Government boosts regional rural banks with Rs 6200 crore recapitalization plan

The Modi government has allocated a substantial sum of Rs 6212.03 crore to Regional Rural Banks (RRBs) as part of a recapitalization scheme, with the disbursement recorded as of March 6.

1 min

Funding winter hits India, Startup investors turn cautious after big losses

The enthusiasm of investors for Indian tech ventures appears to be waning as they adopt a more cautious approach and opt for smaller investments.

2 mins

Government rejects Hindustan Zinc's unit split proposal

The Indian government, Hindustan Zinc's largest minority shareholder, has rebuffed the miner's proposal to divide into separate units, citing doubts over its potential to enhance shareholder value, according to a government official.

1 min

INDIGO FORECASTS DECELERATED CAPACITY GROWTH IN THE COMING YEAR

IndiGo, India’s premier airline, anticipates a slowdown in capacity growth for the upcoming year , signaling a strategic shift in its expansion trajectory

2 mins

NMDC Eyes Lithium Assets: Negotiating in Africa & Australia

Indian iron ore miner NMDC Ltd is actively pursuing lithium assets in Africa and Australia, with negotiations currently underway, according to a source familiar with the matter.

1 min

OYO blacklists hotel following allegations of flesh trade

Global hospitality technology platform OYO has permanently blacklisted and terminated its contract with Hotel Resort StayInn in Nagpur following allegations off Leshtrade.

1 min

PAKISTAN'S PM CALLS FOR ANOTHER IMF BAILOUT. AMID ECONOMIC TURMOIL

The comments came a day after the IMF agreed to a staff-level agreement with Islamabad that, if approved by its board, would disburse the last tranche of $1.1 billion under an existing $3 billion standby arrangement.

1 min

JCB ensures convenient Tokyo tourism experience

JCB, Japan's premier international credit card, has positioned itself as a beacon of convenience for foreign tourists traversing the Tokyo Metropolitan Area.

2 mins

Prez Wickremesinghe releases 234 acres of land in Jaffna for agri̇ use

In a statement released on Friday, Sri Lankan President Ranil Wickremesinghe announced the release of 234 acres of land, previously held by the Jaffna Security Forces Headquarters, to farmers in the area.

1 min

UN General Assembly adopts 1st global AI resolution

The United Nations General Assembly (UNGA) has taken a significant step forward in the regulation and promotion of artificial intelligence (AI) systems with the unanimous adoption of a landmark resolution.

2 mins

Supreme Court: Director Not Responsible For Day-To-Day Affairs Of Company Cannot Be Held Liable For Cheque Dishonour | NI Act

The Supreme Court in the case Susela Padmavathy Amma vs. M/S. Bharti Airtel Limited observed that the Director of the company not responsible for its day-to-day affairs cannot be held liable for dishonor of cheque under the Negotiable Instruments Act, 1882.

2 mins

Karnataka High Court: Party Not Arrayed As Respondent In Compromise Decree Suit For Partition If Not Allotted Any Share

The Karnataka High Court in the case Mahesh ANDIshwar & Others observed and has held that a suit for partition filed by the plaintiff is maintainable if he was not impleaded as party respondent in the earlier suit wherein a compromise was arrived between the parties and the said court passed a decree without allocating any share in the property to the plaintiff.

1 min

J&K Wakfs Act 1978 overrides other laws

The Jammu and Kashmir and Ladakh High Court in the case Baldev Singh Vs State of Jammu & Kashmir observed and has ruled that the Jammu and Kashmir Wakfs Act, 1978 overrides all other laws when it comes to Wakf properties.

1 min

WHAT DOES LAW SAY ABOUT KEJRIWAL CONTINUING AS DELHI CM EVEN AFTER ARREST?

Delhi Chief Minister, CM Arvind Kejriwal was arrested on March 21 after questioning by Enforcement Directorate, ED officials in connection with the excise policy case.

3 mins

Pune weather update: Mercury set to soar to 40 degrees

The IMD officials note that coastal areas generally experience milder temperatures due to the soothing sea breeze, but even Santacruz bas recorded high temperatures recently.

1 min

CM SHINDE HOLDS LOK SABHA REVIEW MEETING WITH SHIV SENA CADRE IN MUMBAI

Maharashtra Chief Minster Eknath Shinde, on Thursday, conducted a Lok Sabha review meeting with the Shiv Sena party cadre in Mumbai's Worli.

1 min

AAP ACCUSES MUMBAI POLICE OF HIGH-HANDEDNESS DURING PROTEST AGAINST KEJRIWAL'S ARREST

The Aam Aadmi Party on Friday accused the Mumbai police of high-handedness while they were protesting in the early hours against the arrest of Delhi Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED).

1 min

IT freezing Cong accounts unconstitutional, says Chavan; asks for people's contribution

Senior Congress leader Prithviraj Chavan on Friday said his party was unable to access funds for Lok Sabha poll campaign related expenses due to the \"freeze\" on accounts and asserted the Election Commission of India must intervene.

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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