The Business Guardian - June 15, 2023

In this issue

June 15, 2023

Modi, Biden to target $500 bn year bilateral trade goal

A trade advocacy group that represents US businesses has urged Prime Minister Narendra Modi and President Joe Biden to work towards achieving bilateral trade of USD 500 billion per annum.

1 min

MAY WPI INFLATION PLUMMETS TO 3-YEAR LOW OF 3.48%

The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month

2 mins

Sensex Nifty rise on gains in commodity stocks

Rising for the third straight session, equity benchmark indices recovered early losses to end in positive territory on Wednesday, supported by buying in metal, commodity, and energy stocks amid encouraging WPI inflation data.

2 mins

Shaktikanta Das named 'Governor of the Year'

Reserve Bank of India Governor Shaktikanta Das received the ‘Governor of the Year’ award at London’s Central Banking Awards 2023.

1 min

Sebi issues demand notices to 4 entities

Capital markets regulator Sebi sent notices last week to four entities asking them to pay Rs 4.56 crore within 15 days in Fortis Healthcare’s case of fund diversion and misrepresentations to conceal the fraud.

1 min

'Modi visit to elevate focus on tech p'ship'

Prime Minister Narendra Modi’s State Visit to the US next week will be an opportunity to elevate India US commercial and strategic technology partnerships, Commerce Secretary Gina Raimondo has said.

1 min

Indian banks well-positioned amid global banking stress

The credit quality of Indian banks and non bank financial institutions will remain resilient despite a challenging environment for banks globally, according to Moody’s Investors Service which said they are well placed to weather global banking sector stress.

1 min

BIO-STIMULANTS REGISTRATION GUIDELINES DRAFTED

Manufacturers are also required to submit the data on chemistry, bio-efficacy trials, and toxicity

2 mins

5 new Vande Bharat trains to run on 26 June

Railways will start operating Vande Bharat trains on five more routes from June 26, the first launch after the three-train accident in Odisha on June 2 that claimed 288 lives.

1 min

Delhi-NCR housing prices rise 16% in January-March

Housing prices in DelhiNCR rose the maximum, by 16 per cent, in the January-March period among top eight cities on better demand and higher construction cost, according to a report by CREDAI, Colliers and Liases Foras.

2 mins

Rs 8,100 cr detected in bogus establishments

Authorities have detected GST evasion to the tune of more than Rs 8,100 crore and it has been found that the offence was carried out through 4,909 bogus business establishments spread in parts of the country, a tax official from Madhya Pradesh said on Wednesday.

1 min

VIKAS KAUL ELEVATED AS CO-FOUNDER OF CAREPAL

Vikas will assume greater responsibility in shaping brand’s strategies

2 mins

Ceramic stocks rally amid heavy volumes

Kajaria Ceramics, Somany Ceramics and Cera Sanitaryware shares gained between 2-5 per cent on June 14 amid heavy trading volumes.

1 min

Cashfree Payments expands senior leadership team

Cashfree Payments, India’s leading payments and API Banking Solutions Company has expanded its senior leadership team to drive the company’s next phase of growth.

2 mins

V-Mart shares rise following bulk deal

Shares of V-Mart Retail rose on June 14 after a large deal happened in the stock at a slight premium to the previous closing price.

1 min

Zurich Group eyes $400 million stake in Kotak

Zurich Insurance Group is in talks to buy up to 51% of Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that would mark its first major bet on the fast-growing South Asian insurance market.

1 min

'US working closely with India'

US Secretary of the Treasury Janet Yellen on Tuesday said that the US is working closely with India during its G20 Presidency on global economic issues.

2 mins

Arab League's second meeting, UAE attends

Khalifa Shaheen Almarar, Minister of State, headed the UAE delegation that participated in the second Ministerial Meeting of Members of the Arab League and Pacific Small Island Developing States, which was held on Monday, June 12, 2023, in Riyadh, the capital of the Kingdom of Saudi Arabia.

1 min

INDIA, US SHARE A SET OF COMMON VALUES: PAMELA PHAN

India and US share a set of common values “that are grounded in our democratic tradition”: Pamela Phan

3 mins

Zelenskyy-PM Modi's agreements to be discussed

Head of the Office of the President of Ukraine Andriy Yermak had a phone call with National Security Advisor to the Prime Minister of India Ajit Kumar Doval.

1 min

Bombay High Court: PIL Moved Seeking To Make Shah Rukh Khan, Son Aryan Khan Accused In CBI's Bribery And Extortion Case Against Sameer Wankhede

The Bombay High Court in the case Rashid Khan Pathan v. Shahrukh Khan and Ors observed wherein the plea is moved seeking to implead actor Shah Rukh Khan as an accused in the FIR filed by CBI against former NCB Zonal Director Sameer Wankhede and five others with regards to the arrest of Aryan Khan in 2021.

1 min

KERALA HIGH COURT: STAYED ARREST OF SFI LEADER IN IMPERSONATION CASE; KATTAKKADA CHRISTIAN COLLEGE ELECTIONS

The Kerala High Court in the case Visakh A.v. State of Kerala observed and has stayed the arrest of the Student Federation of India, SFI who being the leader of Visakh A in the case related to the elections conducted at Christian College, Kattakkada, until June 20, 2023.

1 min

SUPREME COURT: BAIL CONDITION TO FURNISH BANK GUARANTEE UNSUSTAINABLE IN LAW

The Supreme Court in the case Karandeep Singh v CBI observed and has set aside the pre-bail condition which is imposed by the High Court for furnishing Bank Guarantee worth Rs. 2 Crore by the accused.

1 min

SUPREME COURT: PLEA SEEKING CANCELLATION OF YS AVINASH REDDY'S ANTICIPATORY BAIL; YS VIVEKANANDA REDDY MURDER; COURT TO HEAR ON JUNE 19

The Supreme Court in the case Dr. Suneetha Narreddy v. YS Avinash Reddy And Anr observed wherein the plea was moved by Suneetha Nareddy, challenging the anticipatory bail granted to Kadapa MP YS Avinash Reddy, who in the case is accused of murdering Nareddy's father, Vivekananda Reddy.

1 min

Delhi High Court: Bail Granted To Preeti Chandra In Money Laundering Case, Stated Order Be Not Given Effect Till June 16 After The Request Of ED

The Delhi High Court in the case Preeti Chandra v. ED observed and has granted bail to Preeti Chandra, the wife of Unitech promoter Sanjay Chandra in the money laundering case probed by the Enforcement Directorate.

1 min

Madhya Pradesh High Court: Takes Suo Motu Cognizance Of Death Of Children In Open Tube-Wells

The Madhya Pradesh High Court in the case In Re (Suo Motu) v. The State of Madhya Pradesh and Ors observed and tool the suo motu cognizance of the deaths of children in the open tube-wells.

1 min

Shopian district hospital introduces AI in radio diagnosis

District Hospital Shopian has become the first hospital in Kashmir Division to implement artificial intelligence (AI) technology in its radiology department.

1 min

CBI detains four, including senior auditor of CDA

The of Central Bureau Investigation (CBI) has arrested four people, including a senior auditor and data entry operator employed with the Accounts Office of the CDA (Navy) in Visakhapatnam.

1 min

9 killed, 10 injured in fresh violence in Manipur

At least nine people have been killed in the latest clashes between members of rival ethnic groups in Manipur, which have witnessed violence since last month, as per the police sources on Wednesday.

1 min

50K PEOPLE SHIFTED FROM GUJARAT COASTAL AREAS

Biparjoy, with maximum sustained wind speeds ranging from 125-135 km per hour and gusting up to 150 km per hour

1 min

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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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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.