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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

2 mins

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.
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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.