In this issue

April 20, 2024

Experts flag upward bias in crude prices, impact of energy prices on credit conditions

With escalation of tensions in West Asia following attack by Iran on Israel, experts see an upward bias in crude prices in the near term despite the decline in crude price in the last one week. Any worsening of the situation between Israel and Iran may lead to spike in crude prices, according to Hardik Shah, Director, CareEdge Ratings. “Crude prices were on an increasing trend since the start of calendar year 2024,” says Shah.

1 min

India's poll season slows down M&As deals in consumer industry

India has fulfilled its commitment to deliver BrahMos supersonic cruise missiles to the Philippines as part of a USD 375 million deal signed in 2022.

3 mins

OpenAI Establishes India Presence with Government Relations Head

OpenAI, backed by Microsoft Corp., has appointed Pragya Misra as its first employee in India, naming her as the head of government relations.

2 mins

Philippines receives first BrahMos missiles in $375 million deal with India

India has fulfilled its commitment to deliver BrahMos supersonic cruise missiles to the Philippines as part of a USD 375 million deal signed in 2022.

2 mins

PRICE STABILITY IS OUR MANDATED GOAL, SETS STRONG FOUNDATIONS FOR HIGH GROWTH: DAS

The MPC underlined the strong momentum in the domestic economy, the GDP expansion at 7.6 per cent in 2023-24 on the back of buoyant domestic demand, strong investment activity and a lower drag from net external demand.

3 mins

RAILWAYS OPERATES RECORD NUMBER OF ADDT'L TRAINS TO MEET SUMMER DEMAND

Indian Railways gears up for a record-breaking summer with plans to operate 9,111 trips, a substantial increase from last year’s 6,369 trips.

2 mins

NBCC eyes $100 million savings with in-house funding arm

NBCC, a prominent construction and real estate developer, is planning to establish its own non-banking finance company (NBFC) later this year, aiming to reduce borrowing costs for key infrastructure projects. According to sources closely involved in the matter, this strategic move is estimated to save NBCC approximately $108 million in interest costs over the next two years.

1 min

RBI appoints Ajith Kumar as Dhanlaxmi Bank MD & CEO despite stock decline

The Reserve Bank of India (RBI) has given its approval for the appointment of Ajith Kumar KK as the managing director and chief executive officer (CEO) of Dhanlaxmi Bank.

2 mins

Infosys Acquires German firm in-tech in 450M Euro All-Cash deal

IT major Infosys announced its acquisition of in-tech, a prominent engineering R&D services provider specialising in the German automotive industry, on Thursday in an exchange filing. This 450 million euro acquisition will help the IT company expand its footprint in Europe.

1 min

Bajaj Auto's Pulsar hits Rs 10,000 cr mark; New variant coming in May 2024

FY24 has been a remarkable year for Bajaj Auto’s Pulsar, achieving two significant milestones—record breaking sales volume and reaching the prestigious Rs 10,000 crore mark as a brand. To capitalize on this success, Bajaj Auto has announced plans to launch six new models in the first half of FY25, starting with the largest Pulsar variant in early May.

1 min

CCPA URGES FSSAI PROBE: NESTLE ACCUSED OF ADDING SUGAR TO BABY PRODUCTS

The Central Consumer Protection Authority (CCPA) urged FSSAI to investigate Nestle India for allegedly adding sugar to baby products

1 min

Netflix gains 9.33M users with originals, password sharing measures

Netflix Inc. experienced its strongest beginning to a year since 2020, surpassing expectations by attracting a higher number of new subscribers.

3 mins

India, Russia agree to deepen cooperation in higher education

Russia is exploring new opportunities for cooperation with India in areas of education, science, and innovative technologies, as well as professional training, as it looks to introduce Indian youth to all the opportunities for obtaining higher education in Russia and encourage their interest in Russia’s technical achievements, particularly in space exploration, aviation and military technology, and medicine.

1 min

MARCH SEES JAPAN'S INFLATION DIP TO 2.6 PER CENT

As of data released on Friday, Japanese inflation decreased to 2.6 per cent in March, largely in line with market expectations.

1 min

WB ASKS PAK GOVT TO MAKE TAX REFORMS, ELIMINATE DUTIES AND SALES TAX

According to the report, the World Bank asked the Pakistani government to create a national policy for child development and called for reducing subsidies on energy.

1 min

SUPREME COURT REFUSED TO INTERFERE WITH CONCURRENT FINDINGS THAT CHEQUE WAS NOT ISSUED TOWARDS LEGALLY ENFORCEABLE DEBT, UPHOLDS ACQUITTAL | SECTION 138 NI ACT

The Supreme Court in the case M/S Rajco Steel Enterprises Versus Kavitha Safaff And Anr. observed and has upheld the acquittal of an accused in the 16-year-old cheque dishonor case since the complainant failed to prove that there exists a legally enforceable debt which being against the accused.

3 mins

World's shortest living woman casts her vote in Nagpur, urges everyone to vote

The world’s shortest living woman, Jyoti Amge on Friday cast her vote at a polling booth in Nagpur. After casting her vote, Jyoti urged everyone to come out and vote in large numbers. “Today, I am feeling very good because I have voted.

1 min

'Nation's mood is for PM Modi's leadership': NCP (Ajit Pawar faction) leader Praful Patel

As the voting in the first phase of 2024 general election is underway, Nationalist Congress Party (Ajit Pawar faction) Praful Patel said on Friday that the mood of the nation is for development and for Prime Minister Narendra Modi’s leadership.

1 min

An MoU to revitalize the Temple Management Education ecosystem Temple Connect partners with Mumbai University and WeSchool to Enhance Temple Management Courses

Mumbai University, Shikshana Prasaraka Mandali, and WeSchool have joined hands with Temple Connect to enhance Temple Management courses.

1 min

SUPRIYA SULE OWES RS 35 LAKH TO SUNETRA PAWAR, REVEALS ELECTION AFFIDAVIT

The electoral battle in Maharashtra’s Baramati Lok Sabha seat is going to be a closely watched contest between NCP candidates Sunetra Pawar and Supriya Sule, who are vying for victory in the Pawar family’s stronghold.

2 mins

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.