RBI's move to remove Rs 2k notes boosts bonds
The Business Guardian|May 23, 2023
India’s shorter bonds rallied and money market rates eased on bets that a withdrawal of the nation’s highest value currency note would leave banks with surplus cash to invest
RBI's move to remove Rs 2k notes boosts bonds

As much as 1 trillion rupees ($12.1 billion) may be added to India’s financial system as authorities remove 2,000 rupee notes from circulation, according to QuantEco Research and Kotak Mahindra Bank Ltd. Consumers have until end-September to de-posit the notes into their bank accounts or exchange them for other denominations.

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Supreme Court To ED: Don’t Harass TN District Collectors Unnecessarily
The Business Guardian

Supreme Court To ED: Don’t Harass TN District Collectors Unnecessarily

The Supreme Court in the case Directorate of Enforcement v. State of Tamil Nadu & Ors. was hearing the Enforcement Directorate's, ED petition against certain District Collectors of Tamil Nadu over their nonappearance in relation to a sand mining money laundering case.

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2 dak  |
May 09, 2024
The Business Guardian

SUPREME COURT IN MLA AMANATULLAH KHAN S CASE: HISTORY SHEET INCLUDE DETAILS OF MINOR CHILDREN IN ABSENCE OF EVIDENCE AGAINST

The Supreme Court in the case Amanatullah Khan Versus the Commissioner Of Police, Delhi And Ors observed wherein the petition was filed by AAP MLA Amanatullah Khan against the action of Delhi Police declaring him as a 'bad character' by opening a 'history sheet' against him.

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3 dak  |
May 09, 2024
INDIA TOPS REMITTANCES RECEIVED GLOBALLY IN 2022 WITH 111 BILLION
The Business Guardian

INDIA TOPS REMITTANCES RECEIVED GLOBALLY IN 2022 WITH 111 BILLION

Southern Asia, encompassing nations such as India, Pakistan, and Bangladesh, stands as a significant recipient of international remittances, underlining the pivotal role of labour migration in bolstering family livelihoods and fostering economic growth

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4 dak  |
May 09, 2024
Truecaller announces updated subscription packages for its Verified Business Caller ID solution
The Business Guardian

Truecaller announces updated subscription packages for its Verified Business Caller ID solution

Truecaller, the leading platform for verifying contacts and blocking unwanted communication, trusted by millions worldwide, has launched its updated subscription plans for the Verified Business Caller ID solution. Starting May 6, 2024, the revised subscription packages and pricing will apply to all new and current business customers upon their upcoming renewals or upgrades.

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1 min  |
May 09, 2024
The Indian Coast Guard (ICG) and Jindal Steel and Power (JSP) signed a Memorandum of Understanding (MoU) on Tuesday in New Delhi
The Business Guardian

The Indian Coast Guard (ICG) and Jindal Steel and Power (JSP) signed a Memorandum of Understanding (MoU) on Tuesday in New Delhi

According to a press release by the Ministry Acea of Defence, the MoU aims to ensure the supply of indigenous marine-grade steel, thereby enhancing the indigenous content in shipbuilding projects undertaken by the Indian Coast Guard.

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1 min  |
May 09, 2024
TATA MOTORS MARKS 9,00,000TH VEHICLE ROLLOUT FROM LUCKNOW FACILITY
The Business Guardian

TATA MOTORS MARKS 9,00,000TH VEHICLE ROLLOUT FROM LUCKNOW FACILITY

The rollout of the 9.00,000th vehicle from the Lucknow facility is an important milestone as the facility has been pivotal in the manufacturing of advanced electric buses and has successfully delivered over 1200 units, which have cumulatively clocked lakhs of kilometres across the country

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1 min  |
May 09, 2024
TOY IMPORTS DOWN FROM $304 MN IN FY19 TO $65 MN IN FY24
The Business Guardian

TOY IMPORTS DOWN FROM $304 MN IN FY19 TO $65 MN IN FY24

The introduction of higher import duties and the Quality Control Order (QCO) has significantly impacted the toy trade in India with imports falling drastically from USD 304.1 million in FY2019 to USD 64.9 million in FY2024.

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4 dak  |
May 09, 2024
Rents up 16% across 13 major Indian cities: Magicbricks Report
The Business Guardian

Rents up 16% across 13 major Indian cities: Magicbricks Report

Meiled its latest rental Mag [agicbricks has unupdate for the period spanning January to March 2024, revealing a notable uptick in rents across 13 major Indian cities.

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2 dak  |
May 09, 2024
Air India Express cancels 70 flights due to mass 'Sick Leave' by crew members
The Business Guardian

Air India Express cancels 70 flights due to mass 'Sick Leave' by crew members

Air India Express has Abeen plunged into turmoil as approximately 70 flights, primarily international ones, faced cancellations or delays due to senior crew members calling in sick.

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2 dak  |
May 09, 2024
The Business Guardian

RETAIL SALES GROW 27% YOY IN APRIL, PVS UP 16%, 2W BY 33%: FADA

In the PV segment, new model launches and favourable monsoon forecasts are set to stimulate customer interest, while bulk deals in CV segment should bolster demand in sectors like iron ore, steel, and cement

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3 dak  |
May 09, 2024