In this issue

March 24, 2024

CAPEX, PVT INVESTMENT, STRONG MACROS PUT INDIA IN A BRIGHT PLACE IN FY25

India looks set to close an eventful financial year L2023-34 (FY2024) with the economy growing above 8 percent for three consecutive quarters, reaffirming her position as a standout performer amidst persistent geopolitical headwinds, and to continue on an ambitious trajectory with the estimated GDP growth revised upwards from 7.3 percent to 7.6 per cent for FY24 as underlined by the monthly economic review of the Finance Ministry (MER) for February, also the last review before the fiscal ends on 31 March.

5 mins

Non-food sector credit growth seen over 12%

The relatively better performance of the Indian economy with 7.6 per cent projected growth in FY24 -- compared to other major economies -- driven by strong investment growth and a rebound in industrial activity has led to sustained growth in long-term credit demand for sectors such as infrastructure, metals, iron and steel, food processing.

3 mins

Govt signs deal with BBBS for indigenous anti-drone technology

Big Bang Boom Solutions Pvt. Ltd. (BBBS), India's fastest-growing defense sector start-up, has secured a significant order worth more than Rs. 200 Crores from the Indian Air Force and the Indian Army, for its cuttingedge anti-drone technology earlier this month.

3 mins

India, Bhutan for hydro, solar, green hydrogen projects

In a significant upgradation of the India-Bhutan bilateral economic relationship, Prime Minister Narendra gay Modi and Prime Minister Dasho Tshering Tobhave set the stage for a stronger and diversified energy partnership which envisages enhanced energy security, strengthening of their economies, generating employment, enhancing export earnings and contributing to further development of industrial and financial capacities.

2 mins

MAN INFRA CONSTRUCTION IS LEADING INDIA'S REAL ESTATE

The Indian Real Estate market is estimated to grow multi-fold on the back of a multiyear growth cycle in the property market.

1 min

Maruti Suzuki automates 1st driving test track in Ayodhya

Maruti Suzuki India has completed its first automated driving test track (ADTT) in Ayodhya, Uttar Pradesh with integrated test tracks for two-wheeler, light motor vehicle and heavy motor vehicle license testing.

1 min

EXPERTS CALL FOR STANDARDISED CRITERIA IN OEM FINANCING

The Small Industries Development Bank of India (SIDBI), has unveiled six de-risking measures to accelerate India's electric two and three-wheeler adoption to reduce investors' risks in the EV ecosystem and give impetus to financing options for electric two and three-wheelers with the broader goal of accelerating the country's EV adoption at an even faster scale.

2 mins

Ultraviolette forays into Europe, unveils F77 e-w in Istanbul show

Ultraviolette Automotive, an electric vehicle platform and battery technology company, has entered the European market, jointly showcasing its F77 performance electric motorcycle at the Motobike Istanbul 2024 exhibition, with Kibar Holding, from March 20-23, 2024.

1 min

JOY E-BIKE BUILDS 750+ DISTRIBUTORS, SHOWROOM NETWORK

In a move towards furthering electric mobility beyond metro cities to tier 1 and 2, Wardwizard Innovations & Mobility one of the leading manufacturers of electric two-wheelers under the brand 'Joy e-bike' and three-wheelers under the brand 'Joy e-rik' in India, has expanded its footprint by launching 156 exclusive distributor showrooms across 21 states in the country.

1 min

Court sends Sheikh Shahjahan to 6 days of police custody

The Kolkata court has recently sent suspended TMC strongman Sheikh Shahjahan to 6 days police custody in the Sandeshkhali Enforcement Directorate assault case.

2 mins

GOVT MOVES SC AGAINST PRESIDENT FOR WITHHOLDING ASSENT TO BILLS

The Kerala Government has moved the Supreme Court challenging Governor Arif Mohammed Khan's decision to reserve seven bills for the consideration of President Droupadi Murmu, asserting that his actions are \"manifestly arbitrary.\"

2 mins

Court extends BRS leader Kavitha ED's custody till Mar 26

Delhi's Rouse Avenue Court on Saturday extended the Enforcement Directorate (ED) custody of Bharat Rashtra Samithi (BRS) leader Kalvakuntla Kavitha until March 26 in the money laundering case linked to the now-defunct Delhi excise policy.

1 min

TMC LEADER FACES CBI SEARCH IN CASH-FOR-QUERY CASE

The Central Bureau of Investigation (CBI) on Saturday carried out searches on the premises of former TMC MP Mahua Moitra in various locations, including Kolkata, in connection with the purported cash-for-query case, as per officials.

1 min

SC LIMITS PREVENTIVE DETENTION, OVERTURNS TELANGANA HC ORDER

The Supreme Court, noting that preventive detention is a draconian measure and any such action based on capricious or routine exercise of powers must be halted early, has overturned a Telangana High Court order rejecting a detenu's appeal.

2 mins

AMUL MILK PRODUCTS GO GLOBAL WITH LAUNCH IN U.S.

Popular dairy brand Amul, whose tagline is 'Taste of India', has now launched fresh milk products on the international stage for the first time and is now ready to cater to the people in the United States.

2 mins

Avaada Energy to set up 421 MWp solar project

Marking a significant milestone in sustainable energy collaboration, Avaada Energy, the renewable energy arm of Avaada Group, is pleased to announce the signing of Power Purchase Agreement (PPA) in India with Damodar Valley Corporation (DVC), a state-owned enterprise under the Ministry of Power, Government of India.

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.
* Management and leadership: The Business Guardian also features articles on management and leadership. These articles help readers to develop their skills and knowledge in these areas.

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.