In this issue

May 11, 2024

India's industrial output slows to 4.9 % in March '24, manufacturing, power rise

India's factory output, measured by the Index of Industrial Production (IIP), in March 2024 posted 4.9 per cent year-on-year growth, moderating from 5.6 per cent in February 2024 and ending fiscal 2024 on a sober note. The IIP growth was led by a robust expansion in electricity even as manufacturing growth rose to a five-month high, albeit on a very low base.

2 mins

Sovereign gold bonds shine as safe haven for Akshaya Tritiya, say Experts

On the auspicious occasion of Akshaya Tritiya, celebrated with traditional zeal across India, the focus on the price of gold has intensified, particularly in Delhi where gold prices surged to Rs 71,240 per 10 grams of 24k gold on Friday.

1 min

India set to join bond index, JPMorgan confirms progress

JPMorgan Chase & Co. is poised to include India in its emerging market debt index starting from June, according to Gloria Kim, the firm’s global head of index research. Kim highlighted the positive feedback received from most of the firm’s index clients, indicating readiness to trade in the Indian Government Bond (IGB) market.

2 mins

MORE AI EXPRESS FLIGHTS TAKING OFF AS CREW RETURNS

Air India Express, under the Tata Group, is steadily resuming full operations post-strike, aiming for regularity in two days despite initial disruptions.

2 mins

India faces power crunch in June, worst shortage in over a decade

India is facing its most significant power shortfall in 14 years for June, attributed to a decline in hydropower generation and delays in commissioning new coal-fired plants.

2 mins

Nandan Nilekani: India aiming for universal AI access

Nandan Nilekani, cofounder and chairman of Infosys, stated that India prioritizes artificial intelligence (AI) applications that benefit all citizens rather than competing to develop large language models (LLMs), referring to the fundamental software of the technology.

2 mins

GOVT PLANS INTERSTATE BUS ELECTRIFICATION WITH ROUTE CHARGING

The government is aiming to introduce electric buses on long-distance routes and may offer incentives to promote their adoption

1 min

BYJU'S SALES MISS TARGET DESPITE 30% FEE CUT

The majority of the sales team, who transitioned toa revenue-linked payout model last week, have yet to secure a Sale for any course or subscription

2 mins

Amazon's new seller fees criticized as a ‘Kick in the Gut'

Amazon.com Inc. merchants are facing significant economic pressure. Earlier this year, the e-commerce giant implemented fee changes, effectively transferring more operating costs onto the small businesses that constitute the majority of its product sellers.

3 mins

Record-breaking IPL 2024: Star sports draws 510 mm viewers in 51 matches

Disney Star, the broadcaster for the Indian Premier League (IPL) 2024, announced a record viewership of 510 million for the initial 51 matches.

1 min

PAKISTAN SEEKS $12 BILLION DEBT RELIEF TO IMPRESS IMF

Pakistan aims to rollover 12 billion debt from key allies and negotiate new financing from China to address its external financing gap, as disclosed by Finance Ministry insiders.

4 mins

Australia fights Musk's platform over control of online content

In a courtroom battle that underscores the complex interplay be tween global tech giants and national regulatory frameworks, Elon Musk’s X, formerly known as Twitter, finds itself at odds with Australian law over the removal of graphic content depicting a terrorist attack.

4 mins

SUPREME COURT ORDERED STATUS QUO ON FELLING OF TREES IN DELHI 'RIDGE' FOREST; ISSUED CONTEMPT NOTICES TO OFFICIALS

The Supreme Court in the case Bindu Kapurea v. Subhasish Panda And Connected Matters observed and has issued notices wherein the contempt proceedings are initiated against government officials for the rampant felling of trees in Delhi’s Ridge Forest area in violation of its previous orders in the case M.C. Mehta v. Union of India and Ors.

3 mins

Plea In Supreme Court Seeks ECI Action Against Alleged Hate Speeches Of PM Modi, Anurag Thakur And BJP

The Supreme Court in the case Dr. Emani Anantha Satyanarayana Sarma & Anr v. Election Commission of India & Anr observed where in the writ petition has been filed seeking directions to the Election Commission of India, ECI to initiate appropriate action against hate speeches being delivered by political campaigners, especially those which being on behalf of the Bharatiya Janata Party, BJP for the 2024 General Elections.

2 mins

SC: Section 49 Does Not Bar Jurisdiction of Civil Courts To Determine Ownership Rights UP Consolidation Of Holdings Act

The Supreme Court in the case Prashant Singh And Ors Etc. Versus Meena And Ors.

2 mins

'Cong leader alleges Modi's overtures to NCP, Sena reflect uncertainty

Maharashtra Congress president Nana Patole on Friday said Prime Minister Narendra Modi’s suggestion to opposition outfits NCP (SP) and Shiv Sena (UBT) shows he is unsure of retaining power after the Lok Sabha polls.

1 min

1993 MUMBAI BLASTS CONVICT CAMPAIGNING FOR MVA.' PM MODI SLAMS UDDHAV

Calling the Uddhav Thackeray's Shiv Sena (UBT) \"nakli,\" Prime Minister Narendra Modi attacked the party on Friday and said that the fake Shiv Sena people are campaigning with the convict of 1993 Mumbai bomb blasts case for the sake of the votes.

2 mins

'Lowered level of political discourse': CM Shinde flays Pitroda over racist remark

Tearing into former Indian Overseas Congress chairman Sam Pitroda over his racist remark against Indians, Chief Minister Eknath Shinde on Friday said his statement ‘lowered’ the level of political discourse in the country.

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:

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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.