The Business Guardian - July 27, 2024![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
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In this issue
July 27, 2024
Markets bounce back strongly, Sensex up 1293, Nifty climbs 429 points
After experiencing a week of losses, the Indian stock market closed in the green, marking its first positive closure this week.
![Markets bounce back strongly, Sensex up 1293, Nifty climbs 429 points](https://reseuro.magzter.com/100x125/articles/26854/1778751/AsKTbB9Sw1722035649300/MARKETS-BOUNCE-BACK-STRONGLY-SENSEX-UP-1293-NIFTY-CLIMBS-429-POINTS.jpg)
2 mins
CBDT CHAIRMAN: MASS SHIFT TO NEW TAX REGIME COULD PHASE OUT OLD ONE
The increased ITR filings this year, surpassing last year's numbers, and the 66% adoption of the new tax regime highlight the government's successful simplification and automation efforts, expected to enhance compliance further
![CBDT CHAIRMAN: MASS SHIFT TO NEW TAX REGIME COULD PHASE OUT OLD ONE](https://reseuro.magzter.com/100x125/articles/26854/1778751/RqpuN1RF91722035347392/CBDT-CHAIRMAN-MASS-SHIFT-TO-NEW-TAX-REGIME-COULD-PHASE-OUT-OLD-ONE.jpg)
2 mins
Budget 2024-25: A boost for growth, MSMEs, and job creation
Brijendra Kagzi, CMD of Shrijee Lifestyle Pvt. Ltd, has commended the Union Budget for 2024-25, describing it as growth-oriented with significant potential to enhance employment, skill development, and the growth of MSMEs.
![Budget 2024-25: A boost for growth, MSMEs, and job creation](https://reseuro.magzter.com/100x125/articles/26854/1778751/dYBTBTo1G1722035440783/BUDGET-202425-A-BOOST-FOR-GROWTH-MSMES-AND-JOB-CREATION.jpg)
2 mins
MATEXIL chairman hails union budget 2024-25 as growth-oriented and futuristic
The Union Budget for 2024-25 was announced by Union Finance Minister Nirmala Sitharaman on July 23, 2024.
![MATEXIL chairman hails union budget 2024-25 as growth-oriented and futuristic](https://reseuro.magzter.com/100x125/articles/26854/1778751/jVuVVeErJ1722035561333/MATEXIL-CHAIRMAN-HAILS-UNION-BUDGET-202425-AS-GROWTHORIENTED-AND-FUTURISTIC.jpg)
2 mins
Goyal sets $50 billion target for leather and footwear industry by 2030
Union Minister of Commerce and Industry Piyush Goyal has set an ambitious target for India’s leather and footwear industry, aiming to scale it to USD 50 billion by 2030.
![Goyal sets $50 billion target for leather and footwear industry by 2030](https://reseuro.magzter.com/100x125/articles/26854/1778751/7tY6e90BY1722035856746/GOYAL-SETS-50-BILLION-TARGET-FOR-LEATHER-AND-FOOTWEAR-INDUSTRY-BY-2030.jpg)
1 min
EAM JAISHANKAR EMPHASIZES POLITICAL AND ECONOMIC COOPERATION WITH ASEAN AS TOP PRIORITY
Jaishankar underscored India's dedication to ASEAN, highlighting the implementation of a 12-point plan from last year and expressing optimism about future collaboration with ASEAN member states and observers
![EAM JAISHANKAR EMPHASIZES POLITICAL AND ECONOMIC COOPERATION WITH ASEAN AS TOP PRIORITY](https://reseuro.magzter.com/100x125/articles/26854/1778751/FzHh_ND-d1722035726108/EAM-JAISHANKAR-EMPHASIZES-POLITICAL-AND-ECONOMIC-COOPERATION-WITH-ASEAN-AS-TOP-PRIORITY.jpg)
2 mins
EAM Jaishankar unveils logo celebrating 40 years of diplomatic relations with Brunei
External Affairs Minister S. Jaishankar met with Brunei’s Foreign Minister Dato Haji Erywan on July 26, 2024, during the ASEAN meetings in Vientiane, Laos.
![EAM Jaishankar unveils logo celebrating 40 years of diplomatic relations with Brunei](https://reseuro.magzter.com/100x125/articles/26854/1778751/TPlHMkE3Y1722035798922/EAM-JAISHANKAR-UNVEILS-LOGO-CELEBRATING-40-YEARS-OF-DIPLOMATIC-RELATIONS-WITH-BRUNEI.jpg)
2 mins
XOOMPAY, YOUR PERFECT CROSSBORDER PAYMENT SOLUTION
Dedicated to simplifying international transactions, the platform customizes its services to efficiently meet diverse needs across Bangladesh, India, Pakistan, Nepal, Indonesia, and South Africa
![XOOMPAY, YOUR PERFECT CROSSBORDER PAYMENT SOLUTION](https://reseuro.magzter.com/100x125/articles/26854/1778751/EWB3cL9FN1722035917354/XOOMPAY-YOUR-PERFECT-CROSSBORDER-PAYMENT-SOLUTION.jpg)
2 mins
Mankind Pharma acquires Bharat Serums for $1.6B
On Thursday evening, Indian pharmaceutical giant Mankind Pharma announced its decision to acquire Bharat Serums and Vaccines Ltd in a significant transaction valued at approximately 136.30 billion rupees ($1.63 billion), including the company’s debt.
![Mankind Pharma acquires Bharat Serums for $1.6B](https://reseuro.magzter.com/100x125/articles/26854/1778751/G3qhhI5Gn1722036175070/MANKIND-PHARMA-ACQUIRES-BHARAT-SERUMS-FOR-16B.jpg)
2 mins
Keo green energy's new programme to boost women, youth in India
Keo Green Energy, in collaboration with Uttaranchal Club Trust, has unveiled a groundbreaking initiative designed to empower women and youth across rural and urban India.
![Keo green energy's new programme to boost women, youth in India](https://reseuro.magzter.com/100x125/articles/26854/1778751/RrimMQmn01722036246709/KEO-GREEN-ENERGYS-NEW-PROGRAMME-TO-BOOST-WOMEN-YOUTH-IN-INDIA.jpg)
2 mins
Govt implementing measures to boost domestic shipbuilding, says Sonowa
Union Minister of Ports, Shipping, and Water ways Sarbananda Sonowal informed the Lok Sabha on Friday about several government initiatives aimed at boosting the domestic shipbuilding industry.
![Govt implementing measures to boost domestic shipbuilding, says Sonowa](https://reseuro.magzter.com/100x125/articles/26854/1778751/Z-Rmw4ZjF1722036094655/GOVT-IMPLEMENTING-MEASURES-TO-BOOST-DOMESTIC-SHIPBUILDING-SAYS-SONOWA.jpg)
2 mins
Lithium deposits discovered in Karnataka's Mandya and Yadgiri, announces Jitendra Singh
In a recent announcement, Jitendra Singh, the Minister of State (Independent Charge) for Earth Sciences, confirmed the discovery of lithium deposits in Karnataka’s Mandya and Yadgiri districts.
![Lithium deposits discovered in Karnataka's Mandya and Yadgiri, announces Jitendra Singh](https://reseuro.magzter.com/100x125/articles/26854/1778751/t8BVN26mz1722036022552/LITHIUM-DEPOSITS-DISCOVERED-IN-KARNATAKAS-MANDYA-AND-YADGIRI-ANNOUNCES-JITENDRA-SINGH.jpg)
1 min
IVCA's climate and sustainability council (2024-26) to spearhead green investment revolution in India
The Indian Venture and Alternate Capital Association (IVCA) has introduced its new Climate and Sustainability Council for the term 2024-26, co-chaired by Pratibha Jain, Group General Counsel and Head of Strategy at Everstone Group, and Akhilesh Tilotia, a public policy strategist and author.
![IVCA's climate and sustainability council (2024-26) to spearhead green investment revolution in India](https://reseuro.magzter.com/100x125/articles/26854/1778751/2HXUA4ytK1722036425331/IVCAS-CLIMATE-AND-SUSTAINABILITY-COUNCIL-202426-TO-SPEARHEAD-GREEN-INVESTMENT-REVOLUTION-IN-INDIA.jpg)
2 mins
Strong US GDP lifts oil prices, but Asia economic headwinds persist
Oil prices edged higher on Friday, buoyed by stronger-than-expected U.S. economic data that increased investor optimism regarding rising crude oil demand.
![Strong US GDP lifts oil prices, but Asia economic headwinds persist](https://reseuro.magzter.com/100x125/articles/26854/1778751/N2RroLzKp1722036491442/STRONG-US-GDP-LIFTS-OIL-PRICES-BUT-ASIA-ECONOMIC-HEADWINDS-PERSIST.jpg)
3 mins
PETROLEUM MINISTER PRAISES INDIA'S PROGRESS TOWARD ENERGY SECTOR SELF-SUFFICIENCY
Puri Highlights Major Investments and Technological Advancements in Expanding India's Key Refineries
![PETROLEUM MINISTER PRAISES INDIA'S PROGRESS TOWARD ENERGY SECTOR SELF-SUFFICIENCY](https://reseuro.magzter.com/100x125/articles/26854/1778751/rXRMd32GK1722036343716/PETROLEUM-MINISTER-PRAISES-INDIAS-PROGRESS-TOWARD-ENERGY-SECTOR-SELFSUFFICIENCY.jpg)
2 mins
Mumbai University postpones all exams in Raigad, Ratnagiri amid heavy rain alert
Mumbai University has postponed all the exams in the Raigad and Ratnagiri districts due to heavy rain alerts issued by the India Meteorological Department on Friday.
![Mumbai University postpones all exams in Raigad, Ratnagiri amid heavy rain alert](https://reseuro.magzter.com/100x125/articles/26854/1778751/7AUgBRLoI1722036693744/MUMBAI-UNIVERSITY-POSTPONES-ALL-EXAMS-IN-RAIGAD-RATNAGIRI-AMID-HEAVY-RAIN-ALERT.jpg)
1 min
Congress forms strategic panels for Maharashtra assembly polls
In preparation for the upcoming Maharashtra assembly elections in October, the All India Congress Committee (AICC) has formed strategic panels for Mumbai and Maharashtra.
![Congress forms strategic panels for Maharashtra assembly polls](https://reseuro.magzter.com/100x125/articles/26854/1778751/BQhdnszjK1722036739119/CONGRESS-FORMS-STRATEGIC-PANELS-FOR-MAHARASHTRA-ASSEMBLY-POLLS.jpg)
1 min
CM Shinde calls for stricter laws against milk adulteration
Maharashtra Chief Minister Eknath Shinde has called for the implementation of a separate and stringent law to combat the adulteration of milk and dairy products.
1 min
Mass relocation as Panchaganga river floods
Over 2,000 people have been relocated due to severe flooding caused by the Panchaganga river exceeding the danger mark in Kolhapur district, western Maharashtra, officials reported on Friday.
![Mass relocation as Panchaganga river floods](https://reseuro.magzter.com/100x125/articles/26854/1778751/WP8aAkmCf1722036777519/MASS-RELOCATION-AS-PANCHAGANGA-RIVER-FLOODS.jpg)
1 min
Shiv Sena Shinde to speak with Raj Thackeray, not contest independently
MNS President Raj Thackeray has announced that he will contest the upcoming assembly elections independently.
![Shiv Sena Shinde to speak with Raj Thackeray, not contest independently](https://reseuro.magzter.com/100x125/articles/26854/1778751/bvN7DV4Y-1722036639952/SHIV-SENA-SHINDE-TO-SPEAK-WITH-RAJ-THACKERAY-NOT-CONTEST-INDEPENDENTLY.jpg)
1 min
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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