The Business Guardian - March 10, 2023

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March 10, 2023

BYJU’s plans 250 mn in Aakash pre-IPO funding

BYJU’s is seeking to raise as much as $250 million through the issuance of convertible notes by its tutoring service unit, according to people familiar with the matter.

1 min

Govt readies strategy to meet power demand

The Union Power Ministry has devised a multi-pronged strategy with officials from the power sector, and the ministry of coal and railways to ensure adequate availability of power for the upcoming summer months.

2 mins

ISRO gets India-US jointly built NISAR

The US Air Force C-17 aircraft landed in Bengaluru on Wednesday and handed over NASA-ISRO Synthetic Aperture Radar (NISAR) NISAR to the Indian space agency which marks a milestone in the US-India ties in space collaboration.

1 min

INDIA-0Z ECTA T0 BOOST TRADE

The ECTA is expected to enhance the robust trade relationship between the two countries

2 mins

RBI to hold 14-day VRR auction for Rs 1 trn today

The Reserve Bank of India (RBI) will conduct a 14-day variable rate repo (VRR) auction on March 10 to inject up to 1 trillion rupees ($12.19 billion) into the banking system, it said in a release on Thursday.

1 min

TIES WITH INDIA PROMISING, CONSEQUENTIAL: RAIMONDO

Would like to see India playing larger role in electronic supply chain: US Commerce secretary Raimondo

2 mins

Centre sanctions eight floating jetty projects

Under its Sagarmala Programme, the Ministry of Ports, shipping, and waterways has provided in-principle approval to four floating jetty projects in Karnataka while also giving in-principle approval to another four floating jetty projects in Tamil Nadu.

1 min

DGCA deregisters two Boeing aircraft of SpiceJet

The Directorate General of Civil Aviation (DGCA) has cancelled the registration of two aircraft of SpiceJet, Boeing-737Max aircraft, following the request of a foreign-based lessor on the request of the Indian aviation regulator.

1 min

Honda closes plant in Pak due to financial crunch

In the midst of Pakistan’s ongoing financial crisis, Honda announced on Wednesday that it would shut down its plant, claiming a severe disruption in the supply chain as the main justification, according to media report.

1 min

Jio arm Radisys acquires Mimosa for $60 million

On Thursday, Jio Platforms announced that Mimosa Networks would be acquired by Airspan Networks Holdings for USD 60 million in a debt free, cash-free transaction by its affiliate Radisys Corporation.

1 min

EV batteries get a big boost with new polymer coating

Researchers at Berkeley Lab have created a conductive polymer covering known as HOS-PFM that may allow for more powerful, longer lasting lithium-ion batteries for electric cars.

1 min

7 Biden to propose 25% minimum tax

United States President Joe Biden will call on Congress to impose a 25 percent minimum tax on billionaires as part of a series of proposed tax hikes on wealthy individuals and corporations, according to a media report.

1 min

RUSSIAN OIL GETS MORE PRICEY

Offers for ESPO that's typically loaded at Kozmino port was close to $6.50 to $7 a barrel below ICE Brent on a delivered basis to China

2 mins

ADIA set to invest $500mn in Lenskart

Abu Dhabi Investment Authority (ADIA) is nearing a deal to acquire a stake in Indian eye-wear start-up Lenskart Solutions Pvt. for about $500 million, citing sources familiar with the matter news agency repoted.

1 min

INDIA'S PRESIDENCY STEERING G-20 IN FACE OF GLOBAL CHAOS

Despite differences in the Russia-Ukraine war, the G20 Foreign Ministers deliberated on current global challenges and demonstrated consensus to find solutions

4 mins

Zee Media moves Madras HC challenging interrogatories raised by MS Dhoni

Zee Media moved the Madras High Court yesterday to dismiss the interrogatories raised by cricketer MS Dhoni in connection with Dhoni’s defamation suit against Zee in 2014 over the Indian Premier League (IPL) betting scandal.

1 min

DELHI HIGH COURT STAYED TRAIL COURT PROCEEDINGS IN TAJINDER BAGGA'S DEFAMATION CASE AGAINST JOURNALIST SWATI CHATURVEDI

The Delhi High Court in the case observed and has stayed the proceedings of trail court in a defamation case filed by BJP leader Tajinder Pal Singh Bagga against Journalist Swati Chaturvedi till July 17.

2 mins

Supreme Court Refused To Close Contempt Proceedings Against Odissa Lawyer For Strike: Want To See If Self Apology Really Comes From The Heart

The Supreme Court in the case M/s. PLR Projects Pvt. Ltd. v. Mahanadi Coalfields Limited And Ors observed and has refused to close the contempt proceedings filed against the lawyers, who are being indulged in vandalism in court premises during their strike demanding the formation of new Benches of the High Court of Orissa.

2 mins

KARNATAKA HIGH COURT: COURT CAN ORDER HUSBAND TO PAY WIFE THE MONETARY EXPENSES IN LIEU OF SHARED HOUSE [THE DOMESTIC VIOLENCE ACT]

The Karnataka High Court in the case ABC & others And XYZ observed and has recently modified an order passed by the Trial court, wherein it has been directed by the court that a woman is to be paid an amount of Rs.6,000 as monthly maintenance and a room be given to her for living in the shared house of the estranged husband.

1 min

MADRAS HIGH COURT: HIGH COURT'S ADMINISTRATIVE SIDE CANNOT SEEK REVIEW OF ORDER PASSED ON JUDICIAL SIDE

The Madras High Court in the case The High court of Judicature at Madras v. Thirumalai and others observed that the administrative side cannot seek a review of its own judgments on the judicial side as the same would amount to undermining the judicial fibre, the court also dismissed the review application filed by the High Court of Madras on its administrative side.

1 min

INDIA MORE LIKELY TO RESPOND TO PAK PROVOCATIONS UNDER MODI

The report said the crises between India and Pakistan are more concerning because both are nuclear-armed states

1 min

NCP extends support to Nagaland CM Rio

Nationalist Congress Party (NCP) on Wednesday decided to extend its support to the Nagaland government.

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:

* 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.
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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.