In this issue

June 27, 2024

Byju's Probe, No Fraud, But Weak Governance Blamed For Losses

An investigation by the Ministry of Corporate Affairs has revealed lapses in Byju's corporate governance but found no evidence of financial fraud, as reported by Bloomberg on June 26.

2 mins

India's current account swings to surplus in Q4 2024, CRISIL

India has significantly Limproved its current account, achieving a surplus of USD 5.7 billion, or 0.6 percent of its GDP, in the fourth quarter of fiscal year 2024, according to a report by CRISIL.

3 mins

Trade, industry want tax sops for R&D, blockchain based portal for compliances

Higher deduction on R&D Lexpenditure to boost innovation, an indigenous shipping line to save logistics cost, extension of interest equalisation scheme for a period of 5 years, better availability of cotton for textiles sector, technology mission on cotton 2.0 with special focus on seed technology are the key proposals put forward by the trade and services sectors as well as industry chambers to Finance Minister Nirmala Sitharaman for the general Budget in July.

3 mins

Spectrum auction falls short, bids reach only Rs 11,340 crore in 2 days

The latest auction for ramobile phone voice and data transmissions concluded swiftly within two days, closing on Wednesday with total bids amounting to less than 12 percent of the government's estimated minimum value of Rs 96,238 crore for the spectrum on offer.

1 min

RECORD-BREAKING SUPPORT, INDIAN DIASPORA SENDS HOME $107 BILLION IN FY24

In the financial year 2023-24, Indians abroad sent a record $107 billion in remittances to India, underscoring the significant economic support provided by the diaspora

2 mins

Shankh Air chairman meets Union civil aviation minister Kinjarapu Rammohan Naidu

Shankh Air, positioned Sto be Uttar Pradesh's inaugural scheduled airline, is advancing its preparations and awaits the final No Objection Certificate (NOC) from the Ministry of Civil Aviation.

1 min

INDIA HOUSE TO SHOWCASE NATION'S OLYMPIC PROGRESS, NITA AMBANI

India House in Parc de la Villette during Paris 2024 Olympics will showcase India's diversity through arts, sports, culinary delights, yoga, handicrafts, music, and dance.

2 mins

Bihar scraps Rs 800 crore tenders in public works dept., cites irregularities

Bihar's Public Health Engineering Department (PHED) has taken a decisive step by cancelling tenders worth over Rs 800 crores that were issued during the Mahagathbandhan tenure, citing numerous deficiencies and irregularities in the selection process of contractors.

2 mins

Tanishq shines at paris haute couture week with timecrafted diamonds

Tanishq, India's largest jewellery retail brand from the house of Tata, reaffirmed its commitment to global fashion with a captivating return to Paris Haute Couture Week 2024, with its \"Timecrafted Diamonds with Tanishq\" collection.

1 min

Chinese Wok rewards over 50 top performers with Thailand trip

Chinese Wok, India's largest desi Chinese food chain, recently organised a reward trip to Thailand for over 50 employees as a part of its commitment to recognize and reward its top-performing team members.

1 min

Bajaj Auto begins production at new manaus plant in Brazil

Bajaj Auto Limited has announced the commencement of commercial production at its new manufacturing plant located at Av. do Turismo, Bairro Taruma, Manaus, Brazil.

1 min

UAE-INDIA CEPA COUNCIL AND ICC EXPLORE CEPA BENEFITS

The CEPA has not only facilitated easier market access and reduced barriers to trade but has also encouraged a dynamic exchange of goods and investments

2 mins

US, Maldives Advance Talks On Climate, Economy, Security

US Secretary of State Antony Blinken held a meeting with the Maldives Foreign Minister, Moosa Zameer in Washington, DC, which aimed to enhance the partnership and cooperation on climate, economic growth, and maritime security between their two countries.

1 min

Supreme Court Issued Notice On UP Congress President Ajai Rai's Plea To Quash Case Under UP Gangsters Act

The Supreme Court in the case Ajai Rai vs. State Of U.P. observed and has issued notice to the State of Uttar Pradesh wherein the petition is filed by UP Congress President Ajay Rai for quashing the criminal trial against him under offences of the UP Gangsters and Anti-Social Activities (Prevention) Act 1986.

2 mins

Mukesh Ambani Meets CM Shinde, Invites Him For Son, Radhika Merchant's Wedding

Reliance Industries Chairman Mukesh Ambani called on Maharashtra Chief Minister Eknath Shinde to invite him to his son Anant Ambani's wedding scheduled to take place on July 12.

1 min

BMC contractor faces blacklisting for 'damaging' repair work underway at heritage site

Maharashtra Minister Mangal Prabhat Lodha on Tuesday visited the historical Banganga Lake site after a contractor assigned the desilting work of the 11th-century Banganga temple tank in Mumbai's Malabar Hill area, mowed over the surrounding heritage steps with a JCB machine, causing damage to them.

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.
* 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.
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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.