The Business Guardian - July 20, 2024![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
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In this issue
July 20, 2024
Delhi-NCR housing boom, over 23,000 new units launched in H1, Gurugram leads charge
The Delhi NCR housing market has witnessed a remarkable surge in the first half of 2024, with a record 23,265 housing units launched, surpassing the total annual launches of 2023.
![Delhi-NCR housing boom, over 23,000 new units launched in H1, Gurugram leads charge](https://reseuro.magzter.com/100x125/articles/26854/1771246/33cXcqDZs1721426908377/DELHINCR-HOUSING-BOOM-OVER-23000-NEW-UNITS-LAUNCHED-IN-H1-GURUGRAM-LEADS-CHARGE.jpg)
2 mins
CCI APPROVES ACQUISITIONS OF ARJAS STEEL AND SUVEN PHARMACEUTICAL
CCI approves SMIORE's expansion into steel products and Platinum Poppy's indirect investment in Suven Pharmaceuticals, granting ADIA a stake.
![CCI APPROVES ACQUISITIONS OF ARJAS STEEL AND SUVEN PHARMACEUTICAL](https://reseuro.magzter.com/100x125/articles/26854/1771246/ELyl7RHYi1721426729507/CCI-APPROVES-ACQUISITIONS-OF-ARJAS-STEEL-AND-SUVEN-PHARMACEUTICAL.jpg)
2 mins
Asian markets tumble as tech sell-off spreads
Asian shares are poised to end the week on a dismal note, with the MSCI’s broadest index of AsiaPacific shares outside Japan plummeting 1.56% and heading for its worst week in three months with a nearly 3% loss.
![Asian markets tumble as tech sell-off spreads](https://reseuro.magzter.com/100x125/articles/26854/1771246/O7xD-vxV-1721426829226/ASIAN-MARKETS-TUMBLE-AS-TECH-SELLOFF-SPREADS.jpg)
1 min
Weekly Dollar gain hinges on US Rates, Yen's volatility
The dollar held steady on Friday, poised to snap a two-week losing run, as US labour and manufacturing data kept traders pondering on the timing and magnitude of the Federal Reserve’s rate cuts this year.
![Weekly Dollar gain hinges on US Rates, Yen's volatility](https://reseuro.magzter.com/100x125/articles/26854/1771246/Ya5td1re01721427000759/WEEKLY-DOLLAR-GAIN-HINGES-ON-US-RATES-YENS-VOLATILITY.jpg)
2 mins
Mutual funds attracting household savings, impacting bank liquidity
In a significant trend, households are increasingly turning to capital markets and other financial intermediaries to invest their savings, rather than traditional banks.
![Mutual funds attracting household savings, impacting bank liquidity](https://reseuro.magzter.com/100x125/articles/26854/1771246/YbRRrNgsN1721427093158/MUTUAL-FUNDS-ATTRACTING-HOUSEHOLD-SAVINGS-IMPACTING-BANK-LIQUIDITY.jpg)
2 mins
CM Bhupendra Patel: Gujarat's AI and ML efforts aligned with Centre's vision
Gujarat Chief Minister Bhupendra Patel recently addressed the “Gujarat Semiconnect Conference-2024” in Gandhinagar, emphasizing the significance of emerging technologies in driving the state’s growth trajectory.
![CM Bhupendra Patel: Gujarat's AI and ML efforts aligned with Centre's vision](https://reseuro.magzter.com/100x125/articles/26854/1771246/FW2mJ235i1721427265484/CM-BHUPENDRA-PATEL-GUJARATS-AI-AND-ML-EFFORTS-ALIGNED-WITH-CENTRES-VISION.jpg)
1 min
Euro dips on steady ECB rates, Dollar gains on US data
The European Central Bank’s (ECB) decision to keep interest rates steady has led to a decline in the euro, while the dollar has strengthened following positive data on the US labour market and manufacturing.
![Euro dips on steady ECB rates, Dollar gains on US data](https://reseuro.magzter.com/100x125/articles/26854/1771246/lUANONnuc1721427315771/EURO-DIPS-ON-STEADY-ECB-RATES-DOLLAR-GAINS-ON-US-DATA.jpg)
2 mins
CHECK-IN CHAOS AT INDIAN AIRPORTS DUE TO MICROSOFT AZURE PROBLEM
Indian airlines Indigo, Akasa Air, and SpiceJet report system disruptions due to Microsoft Azure outage, impacting check-ins, bookings, and flight updates, while Microsoft investigates and works to resolve the issue
![CHECK-IN CHAOS AT INDIAN AIRPORTS DUE TO MICROSOFT AZURE PROBLEM](https://reseuro.magzter.com/100x125/articles/26854/1771246/p-NPbM7go1721427152661/CHECKIN-CHAOS-AT-INDIAN-AIRPORTS-DUE-TO-MICROSOFT-AZURE-PROBLEM.jpg)
2 mins
RBI's coordination with Govt, not cheerleading, aided economic revival: Governor Das
Reserve Bank of India (RBI) Governor Shaktikanta Das has asserted that the central bank is “more than autonomous” and that it has the freedom to take decisions without any interference from the government.
![RBI's coordination with Govt, not cheerleading, aided economic revival: Governor Das](https://reseuro.magzter.com/100x125/articles/26854/1771246/qqX887j4z1721427219997/RBIS-COORDINATION-WITH-GOVT-NOT-CHEERLEADING-AIDED-ECONOMIC-REVIVAL-GOVERNOR-DAS.jpg)
1 min
ArcelorMittal ends Mexico standoff with 8% pay rise, restarts operations
A 55-day-long standoff at an ArcelorMittal facility in Mexico has finally come to an end after workers overwhelmingly approved a new settlement.
![ArcelorMittal ends Mexico standoff with 8% pay rise, restarts operations](https://reseuro.magzter.com/100x125/articles/26854/1771246/B-Yu5L9E-1721427600064/ARCELORMITTAL-ENDS-MEXICO-STANDOFF-WITH-8-PAY-RISE-RESTARTS-OPERATIONS.jpg)
2 mins
Paytm Q1 FY2025 revenue grows to Rs 1,502 Cr despite wider loss of Rs 840 Cr, merchant activity rebounds
One97 Communications Limited, the parent company of Paytm, has reported a widening of its loss to Rs 840 crore in the quarter ended June 30, 2024, primarily due to the continued impact of restrictions on Paytm Payments Bank Ltd. The company had posted a loss of Rs 358.4 crore in the same period a year ago.
![Paytm Q1 FY2025 revenue grows to Rs 1,502 Cr despite wider loss of Rs 840 Cr, merchant activity rebounds](https://reseuro.magzter.com/100x125/articles/26854/1771246/_qDopTyN51721427476090/PAYTM-Q1-FY2025-REVENUE-GROWS-TO-RS-1502-CR-DESPITE-WIDER-LOSS-OF-RS-840-CR-MERCHANT-ACTIVITY-REBOUNDS.jpg)
2 mins
Ramkrishna Titagarh Rail's Rs 2,180 Cr forged wheel project gets financing boost
Ramkrishna Titagarh Rail Wheels Ltd (RTRWL), a joint venture between Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd, is on the verge of achieving financial closure for its Rs 2,180-crore forged wheels project.
![Ramkrishna Titagarh Rail's Rs 2,180 Cr forged wheel project gets financing boost](https://reseuro.magzter.com/100x125/articles/26854/1771246/cplyhui6q1721427536304/RAMKRISHNA-TITAGARH-RAILS-RS-2180-CR-FORGED-WHEEL-PROJECT-GETS-FINANCING-BOOST.jpg)
1 min
Vodafone Idea secures Rs 615 crore in funding
Vodafone Idea, a leading telecom operator in India, has approved the allotment of over 40 crore shares on a preferential basis to Nokia Solutions and Networks India and Ericsson India.
![Vodafone Idea secures Rs 615 crore in funding](https://reseuro.magzter.com/100x125/articles/26854/1771246/kz2II-TqN1721427435658/VODAFONE-IDEA-SECURES-RS-615-CRORE-IN-FUNDING.jpg)
1 min
MICROSOFT OUTAGE DISRUPTS USERS WORLDWIDE, INCLUDING INDIA
Microsoft's cloud services outage, which impacted US airlines and caused flight cancellations, has been resolved, but a new Crowdstrike update is believed to have caused the disruption, affecting Windows-based devices and Microsoft services like Azure and Teams
![MICROSOFT OUTAGE DISRUPTS USERS WORLDWIDE, INCLUDING INDIA](https://reseuro.magzter.com/100x125/articles/26854/1771246/lCoJAXQC41721427375170/MICROSOFT-OUTAGE-DISRUPTS-USERS-WORLDWIDE-INCLUDING-INDIA.jpg)
2 mins
Indian embassy in Moscow steps up to help stranded Air India passengers in Krasnoyarsk
The Indian Embassy in Moscow has dispatched a team of three senior officials and an interpreter to Krasnoyarsk to assist the passengers of Air India flight AI183, which made an emergency landing on Thursday.
![Indian embassy in Moscow steps up to help stranded Air India passengers in Krasnoyarsk](https://reseuro.magzter.com/100x125/articles/26854/1771246/K7RvUYWqb1721427787782/INDIAN-EMBASSY-IN-MOSCOW-STEPS-UP-TO-HELP-STRANDED-AIR-INDIA-PASSENGERS-IN-KRASNOYARSK.jpg)
4 mins
Congress attacks Lokpal, asks 'who will hold PM accountable'
After the Lokpal rejected a plea seeking a probe against Prime Minister Narendra Modi over his remarks made against Congress for taking money from Mukesh Ambani and Gautam Adani, Jairam Ramesh on Friday targeted the Lokpal and asked who will hold the PM accountable for telling lies.
![Congress attacks Lokpal, asks 'who will hold PM accountable'](https://reseuro.magzter.com/100x125/articles/26854/1771246/Y4HxxtYqZ1721427886029/CONGRESS-ATTACKS-LOKPAL-ASKS-WHO-WILL-HOLD-PM-ACCOUNTABLE.jpg)
1 min
PM in Russia stressed need for peaceful solution
Prime Minister Narendra Modi emphasised the need for peaceful solutions to the conflict between Russia and Ukraine, highlighting the devastating effects of violence on civilians and children during his official visit to Moscow, the Ministry of External Affairs Ministry spokesperson Randhir Jaiswal said on Friday.
![PM in Russia stressed need for peaceful solution](https://reseuro.magzter.com/100x125/articles/26854/1771246/ggLcoqgwj1721427940500/PM-IN-RUSSIA-STRESSED-NEED-FOR-PEACEFUL-SOLUTION.jpg)
1 min
Mumbai hit by heavy rains; public transport services disrupted
Heavy downpours since early morning hit railway and bus services in Mumbai on Friday, causing inconvenience to lakhs of officegoers.
![Mumbai hit by heavy rains; public transport services disrupted](https://reseuro.magzter.com/100x125/articles/26854/1771246/G6DK-S5k-1721428327071/MUMBAI-HIT-BY-HEAVY-RAINS-PUBLIC-TRANSPORT-SERVICES-DISRUPTED.jpg)
1 min
BJP READY FOR MAHARASHTRA POLLS, WILL WORK HARD FOR VICTORY OF ALLIANCE CANDIDATES: BAWANKULE
Maharashtra BJP chief Chandrashekhar Bawankule on Friday said his party is geared up for the state assembly polls to be held in a few months time and asserted it will work hard to ensure all ruling alliance candidates are elected.
![BJP READY FOR MAHARASHTRA POLLS, WILL WORK HARD FOR VICTORY OF ALLIANCE CANDIDATES: BAWANKULE](https://reseuro.magzter.com/100x125/articles/26854/1771246/GNnhxurfF1721428110154/BJP-READY-FOR-MAHARASHTRA-POLLS-WILL-WORK-HARD-FOR-VICTORY-OF-ALLIANCE-CANDIDATES-BAWANKULE.jpg)
1 min
Hoarding crash: HC asks police to respond to ad firm director's plea for quashing FIR
The Bombay High Court on Friday directed the police to file a detailed affidavit in response to a petition of advertising firm director Bhavesh Bhinde, arrested in the Ghatkopar hoarding collapse case.
![Hoarding crash: HC asks police to respond to ad firm director's plea for quashing FIR](https://reseuro.magzter.com/100x125/articles/26854/1771246/M9jtWhisv1721428410551/HOARDING-CRASH-HC-ASKS-POLICE-TO-RESPOND-TO-AD-FIRM-DIRECTORS-PLEA-FOR-QUASHING-FIR.jpg)
2 mins
Aim is to remove Maharashtra's corrupt govt': KC Venugopal
Congress general secretary (organisation) KC Venugopal has expressed confidence in the state-level coalition, Maha Vikas Aghadi (MVA) forming the government in the upcoming Maharashtra assembly elections and said his party will strive to remove the current “corrupt government” in the state.
![Aim is to remove Maharashtra's corrupt govt': KC Venugopal](https://reseuro.magzter.com/100x125/articles/26854/1771246/qwza0Fpvt1721428174857/AIM-IS-TO-REMOVE-MAHARASHTRAS-CORRUPT-GOVT-KC-VENUGOPAL.jpg)
2 mins
Iranian and Indian Designers Triumph in Jaipur Rugs Flagship Store Design Competition
Jaipur Rugs, known for its exquisite handmade rugs, partnered with Archdais, a leading platform for architectural and interior design competitions, to proudly announce the winners of its inaugural design and build competition for the Jaipur Rugs Flagship Store.
![Iranian and Indian Designers Triumph in Jaipur Rugs Flagship Store Design Competition](https://reseuro.magzter.com/100x125/articles/26854/1771246/wsKzXSxUW1721428281896/IRANIAN-AND-INDIAN-DESIGNERS-TRIUMPH-IN-JAIPUR-RUGS-FLAGSHIP-STORE-DESIGN-COMPETITION.jpg)
2 mins
The Business Guardian Newspaper Description:
Publisher: ITV Network
Category: Newspaper
Language: English
Frequency: Daily
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.
* Management and leadership: The Business Guardian also features articles on management and leadership. These articles help readers to develop their skills and knowledge in these areas.
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.
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