In this issue

May 12, 2024

Monsoon holds key for RBI's future monetary policy actions

As parts of India witness heatwaves this summer, chances of the Reserve Bank of India (RBI) cutting key interest rates have also diminished.

1 min

SURGE IN EXPORTS TO EU, PUSH INTO AFRICA, GCC SIGNAL INDIA'S SHIFT

India’s merchandise exports seem to have weathered the headwinds quite well so far amid heightened geopolitical tensions that have rendered the global environment highly uncertain but while support continues from some of its traditional large export partners such as Europe and the Gulf Cooperation Council (GCC) – as per destination-wise trade data of the Government and industry -- shipments to the US -- India’s largest exporting destination – declined marginally in fiscal 2024 which is prompting New Delhi to scout for new partners across untapped geographies.

4 mins

India's defence sector has ordering opportunities for $138 bn over 10 years

India’s defence sector holds a lucrative ordering opportunity of USD 138 billion over FY24-32 amid the escalating demand for defence equipment, technologies, and services, offering significant prospects for companies engaged in defence production and technology development, according to a report titled ‘India Defence’ by Nomura.

2 mins

FOCUS NEEDED ON INTEREST SUBVENTION PLAN: FIEO CEO

Director General & CEO, Federation of Indian Export Organisations (FIEO) Ajai Sahai shares with The Sunday Guardian his hope to see the interest subvention scheme find its place in the Government’s 100-day agenda and the relevance of the scheme amidst global disruptions here are some excerpts.

5 mins

India's forex reserves rise USD 3.7 billion

Post three consecutive weeks of decline, India’s foreign exchange reserves rose again by USD 3.668 billion to USD 641.590 billion in the week that ended on May 3, RBI data showed.

1 min

TaMo Group to power up FY2025 on luxury segment demand

With record revenues on a consolidated basis, both for the fourth quarter ended 31 March Q4 and financial year 202324 that saw the Tata Motors Group deliver its highest ever revenues, profits, and free cash flows, the automobile major is confident of delivering a strong performance in FY25 even as it remains cautiously optimistic on domestic demand over the full year FY2025 and expects the first half of the fiscal to be relatively weaker.

2 mins

Yamaha unveils vibrant colours in FZ-S Fi version 4.0 DLX

India Yamaha Motor (IYM) has introduced exciting new colour shades in its popular streetfighter model, FZS-S Fi Version 4.0 DLX for the young riders of today.

1 min

DEMAND FROM OEMS IN PV, 2W TO PUSH UP TYRE VOLUMES BY 4-6%

India’s domestic tyre volume growth is expected to moderate to 4-6 per cent in FY2025 from an estimated 6-8 per cent in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment.

2 mins

LS POLL SLOWS DOWN CV VOLUME GROWTH

India’s general elections are slowing down the commercial vehicles Iare slowing down the commercial vehicles (CV) industry with volumes for the domestic CV industry remaining muted as the base effect catches up and amidst a perceived pause in the infrastructural activities as the model code of conduct kicked in ahead of the polls.

3 mins

TVS Motor records highest sales in FY2024

Chennai based TVS Motor Company’s revenue from operations in the fourth quarter (Q4) ended March 2024, grew by 24 per cent at Rs 8,169 crore against Rs 6,605 crore in the quarter ended March 2023.

2 mins

ATTEMPT TO MURDER: INDORE COURT ISSUES ARREST WARRANT AGAINST AKSHAY BAM

A sessions court in Indore (Madhya Pradesh) has issued an arrest warrant against local businessman Akshay Bam and his father in connection with a 17-yearold attempted murder case. Bam recently made headlines for withdrawing his nomination from the Indore Lok Sabha seat as a Congress candidate and subsequently joining the Bharatiya Janata Party (BJP).

1 min

UAPA CASE: ALLEGED IM CO-FOUNDER GRANTED BAIL

The Delhi High Court has granted bail to Abdul Subhan Qureshi, co-founder of the banned terror organization Indian Mujahideen (IM), in a terror case.

2 mins

Delhi Court denies to extend interim bail of Supertech chairman

Delhi’s Patiala House Court has rejected the plea filed by Supertech chairman and promoter RK Arora, who sought a further 90-day extension of interim bail on medical grounds. Arora was apprehended in June last year in connection with a money laundering case.

2 mins

HONDA INAUGURATES GREEN R&D FACILITY IN BENGALURU

Honda Research and Development, a subsidiary of Honda Motor Co and functioning as Honda’s research and development arm for motorcycles and power products in India, has opened its new solution R&D centre in Bengaluru, Karnataka.

1 min

BMW Motorrad tie-up with KUN Motorrad in Coimbatore

KUN Motorrad has been appointed as the BMW Motorrad dealer partner in Coimbatore. The dealership is located at No. 1247 & 1248 Mettupalayam Main Road Coimbatore and is headed by U Venkatesh, Dealer Principal, KUN Motorrad.

1 min

GreenCell Mobility gets green financing for UP e-bus project

GreenCell Mobility, a pioneer in electric mass mobility sector, has secured green financing from leading Japanese financial institution Sumitomo Mitsui Banking Corporation (SMBC) for its transformative electric bus project in Uttar Pradesh.

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.
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* 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.