Customers retreating from mkt as gold price nears Rs 70,000 mark

The Business Guardian

INDIA'S MANUFACTURING SECTOR OUTPUT.NEW ORDERS GROW STRONGEST IN MARCH '24

Quantities of purchases increased at the quickest rate since mid-2023, and one that was among the strongest in nearly 13 years with companies seeking to build-up stocks in advance of expected improvements in sales

Man held at Mumbai airport with 74 cocaine capsules worth Rs 11 cr concealed in his body

The Directorate of Revenue Intelligence (DRI) has arrested a Sierra Leone national who was trying to smuggle cocaine worth Rs 11 crore concealed in 74 capsules in his stomach, an official said on Sunday.

Supriya Sule accuses BJP of plotting to eliminate Sharad Pawar's political legacy

Supriya Sule, Member of Parliament from Baramati, has alleged that the nomination of her sister-in-law, Sunetra Pawar, against her in the upcoming Lok Sabha elections is a strategic move by the BJP to dismantle the political influence of NCP President Sharad Pawar.

'Mukesh and I together had a dream to create a center': Nita Ambani on NMACC anniversary

Founder and Chairperson of Reliance Foundation Nita Ambani celebrated the anniversary of Nita Mukesh Ambani Cultural Centre (NMACC).

BRIDGING EDUCATION GLOBALLY: ALIGNING INDIAN EDUCATION TO FOREIGN UNIVERSITIES

The Institute of International Education reported that over 1.5 million international students were enrolled in U.S. colleges and universities in the 2019-2020 academic year alone. Similarly, countries like the UK, Australia, and Canada have also seen significant growth in international student enrollment.

PAKISTAN'S ECONOMIC REFORM STRUGGLES UNDER WEAK COALITION GOVERNMENT, SAYS REPORT

The IIF noted that historical precedence, along with a politically weak government, meant that risks were tilted to the downside.

Rs 500-cr fund to nurture fashion start-ups

With a strategic focus on providing With financial investment and invaluable mentorship to budding entrepreneurs in the fashion and lifestyle industries, a group of industry experts has backed a Rs 500 crore Fashion Entrepreneur Fund (FEF) aimed at accelerating the growth of promising fashion startups and fostering innovation within the sector.

Toyota Kirloskar sees highest-ever mthly sales in FY2024

Toyota Kirloskar Motor on Monday reported its highest-ever monthly wholesales at 27,180 units in March. The company's total dispatches to dealers increased 25 per cent last month to 22,910 units as compared with 21,783 units in March 2023.

INDIA INC'S CREDIT BOOSTED BY DOMESTIC DEMAND, GOVT INVESTMENT: ICRA

ICRA's latest report highlighted India Inc's credit profile in the 2023-24 fiscal year, citing domestic consumption demand and infrastructure

India's Power Consumption Sees Low 1.4% Growth in March

According to government Adata, India's power consumption growth remained subdued at 1.4 percent, reaching 129.89 billion units (BU) in March compared to the same period last year. This marginal growth can be attributed to pleasant weather conditions across the country, leading to reduced usage of heating or cooling appliances, especially in northern India. In March 2023, power consumption was slightly lower at 128.12 BU compared to 128.47 BU in March 2022.

19 Kg Commercial & 5 Kg FTL LPG Cylinder Prices Cut by Oil Companies Ahead of Lok Sabha Polls

Oil marketing companies have announced a reduction in the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, according to sources. The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, bringing it to Rs 1764.50 in Delhi from April 1.

Gadkari Aims to Ban Gas Vehicles; Hybrid Tax Cut Proposed

Nitin Gadkari, India's Union Minister for Road Transport and Highways, is leading a visionary initiative aimed at steering the country towards a green economy. His ambitious plan entails phasing out petrol and diesel vehicles while championing the adoption of alternative fuel technologies. This endeavor is underpinned by dual imperatives-environmental preservation and economic prosperity.

HAL ACHIEVES DOUBLE-DIGIT REVENUE GROWTH WITH RS 29,810 CRORE IN FY2023-24

HAL's order book surpasses Rs. 94,000 crores as of March 31, 2024, with significant orders expected for FY 2024-25, including fresh manufacturing contracts exceeding Rs. 19,000 crores and ROH contracts totalling over Rs. 16,000 crores secured in FY 2023-24.

Value of Rs 2000 banknotes in circulation down to Rs 8202 cr: RBI

Nearly 97.69 per cent of the Rs 2,000 denomination bank notes withdrawn from circulation in May 2023 by the Reserve Bank of India (RBI) have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public, the RBI said on Monday.

TVS Motors posts highest ever sales in FY24 at 41.9 lakh units in March

Chennai based TVS Motor Company registered a 12 per cent yoy growth in wholesales in March 2024, increasing from 317,152 units in March 2023 to 354,592 units last month.

APSEZ handled 420 MMT cargo globally, domestic ports +408 MMT in FY24

Adani Ports and Special Economic Zone (APSEZ), has handled 420 MMT cargo in FY24 -- an increase of 24 per cent yoy - and this includes international ports, with domestic ports contributing over 408 MMT cargo.

Govt's yearly gross GST revenue hits record Rs 20.14 lakh cr in March '24

The Government's yearly gross Good and Services Tax (GST) revenue for March 2024 witnessed the second highest collection ever at 20.18 lakh crore, with a 11.7 per cent year-on-year growth as strong consistent performance in FY 2023-24 paved the way for the milestone of total gross GST collection exceeding 20 lakh crore, the Finance Ministry said on Monday. This surge was driven by a significant rise in GST collection from domestic transactions at 17.6 per cent.

PM MODI SEEKS COORDINATION OF MONETARY, FISCAL POLICIES IN ECONOMY, LAUDS RBI ROLE

The Prime Minister also threw light on the importance of regulations of the Reserve Bank of India regarding cooperative banks, the 1200 crore monthly transactions via UPI making, the work being done on Central Bank Digital Currency.

In Maharashtra, BJP faces challenges arising from its own political manoeuvrings

In the intricate web of Maharashtra's political landscape, the upcoming elections present a spectacle where Candidate A, affiliated with Party B, will vie for victory under the banner of Party C. This move prompts Party C to vacate its seat for a defector from Party D, which, in turn, pledges its support to a faction breaking away from E, and so on. This convoluted narrative encapsulates the current state of affairs in Maharashtra politics, where alliances shift like sand in the wind.

Pune-based Army Sports Institute training female athletes: Lt Gen A K Singh

Pune-based Army Sports Institute will be imparting rigorous training to young female athletes to help them compete at national and international level, Lt General Ajai Kumar Singh, General Officer-Commanding-in-Chief of Southern Command said on Sunday.

Goa celebrates Easter with special prayers; Guv, CM remind people of Christ's teachings

Christians attended special prayers at churches and chapels in Goa on Sunday on the occasion of Easter, celebrated to mark the resurrection of Jesus Christ, and also held processions in various parts of the state. Goa Governor PS Sreedharan Pillai and Chief Minister Pramod Sawant extended greetings on Easter.

Uddhav calls BJP corrupt; Bawankule hits back with jibe about khichdi, body bag 'scams'

Maharashtra Bharatiya Janata Party president Chandrashekhar Bawankule on Sunday attacked Shiv Sena (UBT) leader Uddhav Thackeray and warned that several instances of corruption under the latter's regime are ready to be unearthed.

CONSTITUTION NEEDS TO BE SAFEGUARDED TO ENSURE PEACE AND BROTHERHOOD: PAWAR

Former Union minister Sharad Pawar has said the country's Constitution needs to be safeguarded in order to ensure peace and brotherhood.

KERALA HIGH COURT PARTIALLY STAYED CENTRE'S BAN ON 'FEROCIOUS AND DANGEROUS' DOG BREEDS

The Kerala High Court in the case Limjith KJ v State of Kerala observed and has stayed the operation of a circular dated March 12, 2024, which is issued by the Union Ministry of Fisheries, Animal Husbandry and Dairying Department, whereby import, trading and selling of around 23 breeds of dogs which were identified as ferocious have been prohibited.

DELHI HIGH COURT: SERVICE SUPPLIER REGISTERED DURING ONGOING CONTRACT CAN AVAIL BENEFITS FOR SERVICES PROVIDER AFTER REGISTRATION | MSMED ACT

The Delhi High Court in the case Nbcc India Ltd Vs Micro Small And Medium Enterprises Facilitation Council & Anr. observed and has held that a service supplier, upon registering during an ongoing contract, is eligible to avail benefits under the MSMED Act for services provided after registration.

Tech Giants investing bn in startups due to generative AI FOMO

Due to regulatory challenges, tech giants have reduced their acquisition activities but are still pouring billions into promising ventures. Amazon's recent $2.75 billion investment in AI startup Anthropic exemplifies this trend, showcasing the ongoing rush towards AI investments among major tech players.

China's manufacturing up for first time in 6 months

China's manufacturing activity expanded in March for the first time since September, a sign that the world's second-largest economy is stabilizing.

UN alarmed by rising malnutrition in Afghan women and children

Highlighting a grim reality, the World Food Programme (WFP) in Afghanistan sounds the alarm on a surge in malnutrition cases, particularly among women and children.

US JOB GROWTH: PAYROLLS TO TOP 200K FOR 4TH MONTH

Payrolls in the world's largest economy are seen increasing by at least 200,000 for a fourth straight month