CATEGORIES

Vodafone Idea follow-on public offer fully subscribed on last day
The Business Guardian

Vodafone Idea follow-on public offer fully subscribed on last day

On the final day of its issue, Vodafone Idea's follow-on public offer achieved full subscription.

time-read
1 min  |
April 23, 2024
Zomato raises platform fee, food orders to get costlier
The Business Guardian

Zomato raises platform fee, food orders to get costlier

Zomato 7omato has recently raised its platform fee for food delivery customers by 25%, now charging Rs 5 per order starting from April 20, according to data on the company's app.

time-read
2 mins  |
April 23, 2024
Apple plans to hire 500,000+ employees in India by 2027
The Business Guardian

Apple plans to hire 500,000+ employees in India by 2027

According to government sources, Apple, the manufacturer of iPhones, is anticipated to create employment opportunities for over 500,000 individuals in India through its vendors within the next three years.

time-read
1 min  |
April 23, 2024
METAL PRICE SURGE BOOSTS HINDUSTAN COPPER SHARES TO 13-YEAR HIGH: UP OVER 8%
The Business Guardian

METAL PRICE SURGE BOOSTS HINDUSTAN COPPER SHARES TO 13-YEAR HIGH: UP OVER 8%

The bank anticipates prices to average $10,000 per metric ton by the year's end and to rise to $12,000 by 2026

time-read
2 mins  |
April 23, 2024
Kerala to train 80,000 secondary school teachers in AI
The Business Guardian

Kerala to train 80,000 secondary school teachers in AI

In a pioneering move toLwards integrating artificial intelligence (AI) into the education sector, the Kerala government has announced a comprehensive three-day training program for over 80,000 state secondary school teachers.

time-read
1 min  |
April 23, 2024
HAL now set to produce Tejas engine doors with tech transfer from NAL
The Business Guardian

HAL now set to produce Tejas engine doors with tech transfer from NAL

In a significant development aimed at bolstering indigenous manufacturing capabilities, Defence PSU Hindustan Aeronautics Ltd (HAL) has announced the signing of a Transfer of Technology agreement with the National Aerospace Laboratories (NAL) for the production of the Bismaleimide Engine Bay Door (EBD) for the series production of Light Combat Aircraft (LCA) Tejas Mk1A.

time-read
1 min  |
April 23, 2024
UTTAR PRADESH BOOSTS INDUSTRIAL LAND BANK TO 25,000 ACRES
The Business Guardian

UTTAR PRADESH BOOSTS INDUSTRIAL LAND BANK TO 25,000 ACRES

UPSIDA, the state nodal agency, has acquired 25,000 acres of land across 75 districts, facilitating specialized industrial clusters like the recent allocation in Lalitpur for a bulk drug park, as part of Uttar Pradesh's strategic industrial development agenda

time-read
2 mins  |
April 23, 2024
Hindi film industry sees 6% cinema growth in 2023
The Business Guardian

Hindi film industry sees 6% cinema growth in 2023

In 2023, India witnessed a modest increase in the number of movie screens, with Hindi-speaking regions leading the growth, followed by the east and south, as per the latest FicciEY media and entertainment industry report.

time-read
2 mins  |
April 23, 2024
RIL net profit falls1.8% to Rs 18,951 cr yoy, revenue up 10.8 % on 02C, consumer biz
The Business Guardian

RIL net profit falls1.8% to Rs 18,951 cr yoy, revenue up 10.8 % on 02C, consumer biz

Reliance Industries on Monday posted net profit of Rs 18,951 crore in the March quarter (Q4) of FY24, a 1.8 per cent decrease in its net profit compared to the previous year but revenue at Rs 264,834 crore grew 10.8 per cent year-on-year, supported by double-digit growth in oil to chemical and consumer business.

time-read
2 mins  |
April 23, 2024
AI under the microscope, CCI probes impact on competition and innovation
The Business Guardian

AI under the microscope, CCI probes impact on competition and innovation

The Competition Commission of India (CCI) has initiated a comprehensive study to analyze the impact of artificial intelligence (AI) on competition, efficiency, and innovation in key user industries, according to a press statement.

time-read
2 mins  |
April 23, 2024
Macro & financial stability, boost to infra, extended PLI likely key areas in Modi 3.0
The Business Guardian

Macro & financial stability, boost to infra, extended PLI likely key areas in Modi 3.0

If one were to go by the Central Government's poll manifesto which has stayed aligned to the pre-poll interim Budget, a strong adherence to the path of macro and financial stability as priorities, marked by low inflation, strong external balances, high growth and fiscal prudence, appears to be the likely scenario if it comes back to power.

time-read
2 mins  |
April 23, 2024
BYJU'S PAYS PARTIAL MARCH SALARIES AHEAD OF INVESTOR DISPUTE HEARING
The Business Guardian

BYJU'S PAYS PARTIAL MARCH SALARIES AHEAD OF INVESTOR DISPUTE HEARING

Amidst an impending NCLT hearing spurred by investor discontent, Byju's disburses partial salaries, paying teachers and lower-level staff in full while others receive 50 to 100 percent of their March dues

time-read
2 mins  |
April 23, 2024
Pakistan Formally Requests IMF Bailout Amid Cash Crunch
The Business Guardian

Pakistan Formally Requests IMF Bailout Amid Cash Crunch

Pakistan has made a formal request to IMF for seeking the next bailout package in the range of $6 to $8 billion with the possibility of augmentation through climate financing, a media report said on Saturday.

time-read
1 min  |
April 22, 2024
Payroll Update: EPFO Registers Addition Of 15.48 Lakh Net Members In Feb 2024
The Business Guardian

Payroll Update: EPFO Registers Addition Of 15.48 Lakh Net Members In Feb 2024

The latest data released by the Employees' Provident Fund Organisation (EPFO) sheds light on the dynamic landscape of employment in India, revealing significant trends and patterns in job creation and workforce demographics. In February 2024, the EPFO recorded a noteworthy addition of 15.48 lakh net members, as disclosed in a statement issued by the Labour Ministry over the weekend.

time-read
1 min  |
April 22, 2024
Musk Delays India Visit Due To 'Heavy Tesla Obligations
The Business Guardian

Musk Delays India Visit Due To 'Heavy Tesla Obligations

The highly anticipated visit of Elon Musk, the CEO of electric vehicle giant Tesla, to India has been temporarily put on hold.

time-read
1 min  |
April 22, 2024
India Sees Decline In New Formal Job Creation, Hits Three-Month Low In February
The Business Guardian

India Sees Decline In New Formal Job Creation, Hits Three-Month Low In February

The rural unemployment rate increased sharply to 7.8% in February from 5.8% in January, while urban unemployment rate fell from 8.9% to 8.5% during the same period.

time-read
2 mins  |
April 22, 2024
India Shines As Global Growth Dims, Boasts Strong Performance To World Bank
The Business Guardian

India Shines As Global Growth Dims, Boasts Strong Performance To World Bank

India's economy has showcased remarkable resilience and growth amidst global challenges, with GDP estimates revised upwards to 7.6% for the fiscal year, according to Ajay Seth, India's Economic Affairs Secretary.

time-read
2 mins  |
April 22, 2024
Beyond Borders: Healing Lives, Crafting Customized Medicines across 40 Nations
The Business Guardian

Beyond Borders: Healing Lives, Crafting Customized Medicines across 40 Nations

In a remarkable display of global outreach and dedication to healing, Navjivan Group has extended its reach to 40 nations, delivering tailor-made healthcare solutions and transforming lives worldwide.

time-read
1 min  |
April 22, 2024
Have withdrawn my resignation on advice of supporters, says Rais Shaikh
The Business Guardian

Have withdrawn my resignation on advice of supporters, says Rais Shaikh

The Akhilesh Yadav-led Samajwadi Party's Bhiwandi East MLA Rais Shaikh on Sunday said he had withdrawn his resignation on the advice of his supporters, reported the PTI.

time-read
1 min  |
April 22, 2024
WALK FOR PARKINSON'S: AN AWARENESS INITIATIVE BY ARTEMIS LITE MULTI SPECIALITY HOSPITAL
The Business Guardian

WALK FOR PARKINSON'S: AN AWARENESS INITIATIVE BY ARTEMIS LITE MULTI SPECIALITY HOSPITAL

Artemis Lite Multi Speciality Hospital, Gurugram organized a Walkathon on Sunday morning to mark the occasion and create the awareness on Parkinson's Disease.

time-read
2 mins  |
April 22, 2024
The Business Guardian

SUPREME COURT SURPRISED AT GUJARAT APMC ALLOWING 5-STAR HOTEL ON LAND MEANT FOR AGRICULTURE MARKET YARD: 'THIS IS A SCAM'

The Supreme Court in the case Agriculture Produce Market Committee, Surat vs. State Of Gujarat observed and has declined to interfere with the order passed by the Gujarat High Court wherein the court directed the Agricultural Produce Market Committee, APMC Surat for auctioning the land which is allegedly misappropriated for the construction and running of a five-star hotel.

time-read
3 mins  |
April 22, 2024
The Business Guardian

FORMER SUPREME COURT JUDGE RF NARIMAN: SYSTEM DID NOT BRING IN PEOPLE LIKE JUSTICE KURESHI; IF YOU ARE TOO GOOD AND INDEPENDENT YOU ARE OUT

Speaking on the appointment of judges, the former Judge of the Supreme Court, Justice Rohinton Nariman said that while the entire system that exists today was not per se bad, it was not being followed properly or working how it should be.

time-read
1 min  |
April 22, 2024
DELHI HIGH COURT: AN AWARD ISSUED BY UNILATERALLY APPOINTED ARBITRATOR CAN BE CONTESTED FOR INVALIDITY OF APPOINTMENT, EVEN BY THE APPOINTING PARTY
The Business Guardian

DELHI HIGH COURT: AN AWARD ISSUED BY UNILATERALLY APPOINTED ARBITRATOR CAN BE CONTESTED FOR INVALIDITY OF APPOINTMENT, EVEN BY THE APPOINTING PARTY

The Delhi High Court in the case Telecommunication Consultants India Ltd v. Shivaa Trading observed and has held that an award passed by a unilaterally appointed arbitrator can be challenged which being on ground of invalidity of such appointment and consequent lack of jurisdiction even by the party who made such an appointment.

time-read
2 mins  |
April 22, 2024
Can cities fine homeless for sleeping in parks and on sidewalks
The Business Guardian

Can cities fine homeless for sleeping in parks and on sidewalks

The most significant case Tin decades on homelessness has reached the Supreme Court as record numbers of people in America are without a permanent place to live.

time-read
4 mins  |
April 22, 2024
HDFC Bank CFO: Rs 200 cr written back on AIF provisions after RBI clarification
The Business Guardian

HDFC Bank CFO: Rs 200 cr written back on AIF provisions after RBI clarification

TDFC Bank has done a Hwrite back of around Rs 200 crore or 20 percent on its provisions made to its alternative investment funds (AIFS), said Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank.

time-read
2 mins  |
April 22, 2024
ULTRATECH ACQUIRES INDIA CEMENTS' 1.1 MTPA GRINDING UNIT FOR RS 315 CR
The Business Guardian

ULTRATECH ACQUIRES INDIA CEMENTS' 1.1 MTPA GRINDING UNIT FOR RS 315 CR

Ultratech Cement, on April 20, announced its acquisition of a grinding unit from India Cements in Maharashtra for Rs 315 crore

time-read
1 min  |
April 22, 2024
India's development incomplete without developed Kashmir, says Puri
The Business Guardian

India's development incomplete without developed Kashmir, says Puri

Hardeep Singh Puri, serving as Union Minister of Housing and Urban Affairs and Petroleum and Natural Gas, conveyed a powerful message regarding the pivotal significance of Kashmir in India's developmental trajectory during the 'Viksit Bharat Ambassador meetup' convened in Srinagar on Saturday.

time-read
2 mins  |
April 22, 2024
FPIs Sell Rs 5,254 crore in Indian equities amid rising US bond yields, become net sellers in debt mkts
The Business Guardian

FPIs Sell Rs 5,254 crore in Indian equities amid rising US bond yields, become net sellers in debt mkts

Foreign portfolio investors (FPIs) have shifted their stance in the Indian markets, transitioning from net buyers to net sellers as the momentum of their buying diminished with the onset of the new fiscal year 2024-25 (FY25).

time-read
1 min  |
April 22, 2024
India diversifies trade, exports to China, UAE, Russia, Singapore surge
The Business Guardian

India diversifies trade, exports to China, UAE, Russia, Singapore surge

India's export landscape For the financial year 202324 witnessed notable strides, particularly in markets like China, Russia, Iraq, UAE, and Singapore.

time-read
2 mins  |
April 22, 2024
GOVERNMENT AIMING TO ENHANCE INDIA'S APPEAL FOR MANUFACTURING AND SERVICES: FM SITHARAMAN
The Business Guardian

GOVERNMENT AIMING TO ENHANCE INDIA'S APPEAL FOR MANUFACTURING AND SERVICES: FM SITHARAMAN

Speaking about inflation, she said it never crossed the tolerance band, except for one month, under the Narendra Modi government, whereas before that pre-2014) the economy was ina bad shape and inflation was in double digits

time-read
3 mins  |
April 22, 2024