The Business Guardian - December 02, 2023

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December 02, 2023

India's forex reserves surge by $2.538 billion to $597.935 billion

India’s foreign exchange reserves increased USD 2.538 billion to USD 597.935 billion for the week ended November 24, the Reserve Bank said on Friday.

1 min

Foreign investors flock to Indian bonds, reached a 6-year high

Foreign investment in Indian government bonds soared in November, reaching its highest level in six years ahead of their inclusion in JPMorgan’s emerging market index next year.

2 mins

ATF PRICE CUT BY 4.6 PER CENT, COMMERCIAL LPG HIKED BY RS 21

Earlier in October, the windfall tax on crude oil had been raised to Rs 9,800 per tonne from Rs 9,050. Notably, the windfall tax on aviation turbine fuel, previously at Rs 1 per litre, was removed at that time.

2 mins

Industry steps up to support India's low-carbon future

The Climate Finance Leadership Initiative India (CFLI India) revealed a groundbreaking financial initiative aimed at channelling over $6.5 billion to bolster India’s transition towards low-carbon and climate-resilient development.

2 mins

UPI transactions hit new high of Rs 17.4 trillion

In November, the Unified Payment Interface (UPI) in India surged to a new pinnacle in terms of transaction value, hitting Rs 17.4 trillion, marking a 1.4% increase from October’s Rs 17.16 trillion.

2 mins

Universities revving up for 6G

The Department of Telecommunications (DoT) has recently initiated steps to prepare the Indian education system for the upcoming era of 6G technology.

1 min

RS 9,760 CRORE WORTH OF RS 2,000 NOTES STILL IN CIRCULATION

From Rs 3.56 lakh crore to just Rs 9,760 crore, the circulation of Rs 2,000 banknotes plummeted after the May 19, 2023 withdrawal, yet they retain legal tender status.

2 mins

FMCG giants boost ad budgets to drive volume growth

Major FMCG players are ramping up their advertising and promotional (A&P) expenditures to drive volume growth, responding to heightened competition from smaller regional brands, according to analysts.

1 min

CIL'S COAL OUTPUT UP 11.5 PER CENT TO 460 MT TILL NOV' FY2024

In the past month, CIL's production increased by 8.7 per cent growth, reaching 66 million tonnes (MT) from 60.7 million tonnes (MT) in the corresponding month of previous fiscal

1 min

Amazon Pay introduces sign language video KYC service

Amazon Pay unveiled a groundbreaking video sign language Know Your Customer (KYC) service on Friday, catering specifically to customers with special needs.

1 min

INDIA PRESENTED EXCELLENT EXAMPLE OF BALANCE BETWEEN ECOLOGY, ECONOMY": PM MODI

Prime Minister Narendra Modi highlights India's exemplary balance between ecology and economy at COP28, emphasizing commitment to NDC targets and urging global climate action

2 mins

ALLAHABAD HIGH COURT: PIL MOVED CHALLENGING THE ORDER OF UP GOVT'S REVISING WAGES OF PRISONERS

The Allahabad High Court in the case observed wherein the Public Interest Litigation, PIL is moved wherein challenging the order of Uttar Pradesh Government’s revising the wages of prisoners.

2 mins

Bombay High Court Ordered Department To Refund tax Deposited By HSBC Under protest

The Bombay High Court in the case The Hongkong and Shanghai Banking Corporation Versus Union of India observed and has ordered the department to refund the tax deposited by HSBC under protest

2 mins

Man sentenced to 10 years RI for sexually assaulting six-year-old neighbour

A special court in Maharashtra’s Thane district has sentenced a man to 10 years of rigorous imprisonment for sexually assaulting a six-year-old girl.

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.
* 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.