In this issue

June 06, 2024

CAPA INDIA FORECASTS WIDER LOSSES OF $400-$600 MILLION FOR INDIAN, FY25

Airline costs are set to rise by 3.8% in fiscal 2025, as India's demand outpaces plane supply, leading to record yields and higher fares due to a capacity shortage, increasing the passenger load factor (PLF)

2 mins

Govt calls on food processing sector to focus on quality, new export markets

The Indian food processing industry is looking to douTindustry is to ble the contribution of the sector from the current 13 per cent of the GDP by 2030 with a projected growth rate of 15 per cent.

1 min

Experts dispute claims that weakened central government will delay reforms mon on June 4th alina on 160 in 21

Following the parliamentary election results that revealed a weaker majority for Prime Minister Modi's NDA alliance, the National Stock Exchange (NSE) experienced a significant decline in market capitalization.

1 min

Service sector growth cools in May, on competitive and price pressures

India's services sector growth cooled in May, posting the weakest rises in new business and output for five months despite exports growing to greatest extent in series history as price pressures ticked higher, taking the seasonally adjusted HSBC India Services Business Activity Index down from 60.8 in April to 60.2, its lowest mark since last December.

2 mins

Metro Brands leads the charge in sustainable footwear with recycling program

Tetro Brands Limited, one Lof f India's largest footwear retailers, has launched an innovative initiative to process old, discarded footwear (ODF) in an eco-friendly manner, addressing significant environmental challenges.

2 mins

Nepal's 900 mw Arun III hydro project takes a big step forward with tunnel breakthrough

The Arun III hydropower project in Nepal, backed by Indian assistance, celebrated a significant milestone with the completion of its breakthrough.

1 min

PM Modi initiates 'Ek Ped Maa Ke Naam' drive, encourages tree planting in honour of mothers

Amidst the flurry of political activities following the Lok Sabha elections, Prime Minister Narendra Modi launched the 'Ek Ped Maa Ke Naam' campaign on World Environment Day.

1 min

India's horticulture production sees slight decline in 2023-24

India India's horticulture production for the fiscal year 2023-24 is estimated to be approximately 352.23 million tonnes, indicating a slight decrease of about 0.91 percent compared to the final estimates of the previous fiscal year.

2 mins

PM MODI RESIGNS TO PRESIDENT MURMU BEFORE NEXT GOVERNMENT FORMATION

Approval from potential \"kingmakers\" TDP and JDU clears the path for the BJP-led NDA government formation, with PM Modi's swearing-in ceremony likely on June 8, and formal support letters anticipated from both parties.

2 mins

Bisleri Limonata launches #DoubleTheChill Campaign with Aditya Roy Kapur

Bisleri International, established by Ramesh Jayantilal Chauhan, the pioneer in the carbonated soft drinks industry in India with a legacy of creating some of the most iconic brands, has announced Aditya Roy Kapur as the new brand ambassador for Bisleri Limonata.

1 min

Sony India unveils XS-162GS and XS-160GS car speakers for superior sound

Sony India today unveiled the latest additions to the automotive sound revolution, the XS-162GS and XS-160GS car speakers.

2 mins

NEPAL PM INAUGURATES FINAL TUNNEL BLAST OF ARUN-3 HYDRO PROJECT

Nepal Prime Minister Pushpa Kamal Dahaltriggeredthelast blast to mark the completion of heading excavation 11.8 km longhead race tunnel

2 mins

NIPL partners with Central Bank of Peru for UPI-like payment system

NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced a partnership to introduce a UPI-like real-time payments system in Peru.

1 min

India highlights partnership and contributions to UNDP

India's active involvement in global initiatives such as the United Nations Development Programme (UNDP) and the recent International Conference on Digital Public Infrastructure reflects its commitment to advancing sustainable development goals and leveraging digital innovations for inclusive growth.

2 mins

Over 90 countries confirm participation in BRICS games

Russia, preparations Rare underway for the Rus upcoming BRICS Games, a significant sporting event set to host over 4,000 foreign participants from 97 countries.

2 mins

UAE opens nominations for 17th Khalifa International award for Date Palm Innovation

The General Secretariat of Khalifa International Award for Date Palm and Agricultural Innovation announced the opening of nominations for its 17th session (2025), from June 4, 2024, to December 15, 2024, allowing date palm growers, producers, researchers, academics, and date palm tree lovers, from around the world to apply.

2 mins

FIRST FEMALE PRESIDENT ELECTED, WOMAN MAYOR ASSASSINATED HOURS LATER: MEXICO

In a tragic turn of events, Mayor of Cotija in Michoacan state, Yolanda Sanchez Figueroa, was fatally shot on Monday, just hours after Mexico celebrated

2 mins

Dr. Polisetty inks pact with UK's oldest College of Ayurveda for strategic collaboration

In a significant collaboration expected to propel India's traditional Ayurvedic knowledge to the global stage, Dr Ravishankar Polisetty, the pioneer of Poly Scientific Ayurveda (PSA), has signed an MoU to acquire a majority stake in the British College of Ayurveda (BCA) in the UK.

1 min

Pre-monsoon rain lashes several parts of city

The heavy pre-monsoon rains lashed several areas of Mumbai such as Dadar, Chembur, Kandiwali, Goregaon, Borivali, etc. on Wednesday morning.

1 min

FADNAVIS ASKS TO BE RELIEVED AS DEPUTY CM

As the Bharatiya Janata Party (BJP) saw a massive decline in its seat share in the Lok Sabha polls in Maharashtra, state deputy Chief Minister Devendra Fadnavis on Wednesday took the responsibility for party's abysmal performance and urged the top leadership to relieve him of ministerial duties so that he could work for the party.

2 mins

EPACK Prefab Concludes Sustainability-Boosting WasteToWorth Campaign in Environment Week

EPACK Prefab, a leading provider of pre-engineered buildings and prefabricated structures, celebrated Environment Week with a remarkable initiative, the Waste ToWorth campaign, began on May 28th.

1 min

UltraTech achieves 100+ million cubic meters of water conservation in FY24, becomes 5 times water positive

UltraTech's water management efforts encompass areas within the unit premises as well as beyond the fence, i.e. within the communities the Company operates in.

1 min

Read all stories from The Business Guardian

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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:

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