In this issue

June 09, 2024

RBI POLICY CHEERS, SHOWS MPC SPLIT

The RBI's Monetary Policy statement keeping policy repo rate unchanged at 6.50 per cent and remaining focused on ensuring that inflation progressively aligns to the target of achieving the target of consumer price index (CPI) inflation of 4 per cent while supporting growth, revised upward in FY25 to 7.2 per cent, has been welcomed by economists and industry.

6 mins

Steady repo rate at 6.5% aligns with market expectations: NSE Macro Review

The Reserve Bank of India’s (RBI) Monetary Policy Committee’s (MPC) decision to keep the policy repo rate steady at 6.5 per cent aligns with market expectations, continuing the trend that has been observed over the past several meetings.

2 mins

Financial stability challenges need to be discussed: IMF

Echoing the sentiment expressed by Reserve Bank of India (RBI) Governor Shaktikanta Das, Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), underscored the need to discuss the financial stability challenges in a separate discussion in Washington D.C.

1 min

Domestic passenger traffic in May "24 grew 5.2% yoy at 138.9 lakh

The domestic air passenger traffic for May 2024 was estimated at 138.9 lakh, higher by 5.2 per cent in comparison to 132.0 lakh in April 2024. Further, it witnessed a YoY growth of 5.1 per cent in comparison to 132.1 lakh in May 2023 and higher by 14 per cent than pre-COVID levels of 121.9 lakh in May 2019.

5 mins

VARUN BEVERAGES POISED FOR GROWTH

Consumption demand in the rural markets has been in distress over the last few years from the demonetization of 2016 to the liquidity crisis in 2018 and the onslaught of Covid19 epidemic in 2020.

2 mins

WARDWIZARD RECEIVES 1.29 BN ORDER FROM PHILIPPINES

Wardwizard Innovations & Mobility (WIML), a manufacturer of electric vehicles under the 'Joy e-bike' and Joy e-rik' brands in India, has secured a significant order worth USD 1.29 billion from Beulah International Development Corporation, one of the renowned fullservice business integration companies and EPC firms in the Philippines backed by RP Connect.

1 min

Tata Motors launches sporty Altroz Racer

Tata Motors, automotive manufacturer, has announced the launch of the Altroz Racer - the sporty avatar of the company's premium hatchback.

1 min

Toyota Motor launches used car outlet

Toyota Kirloskar Motor (TKM) has inaugurated its first company owned Toyota Used Car Outlet (TUCO) in New Delhi, second in India, under the brand name of \"Toyota U-Trust\" aimed at offering customers with high-quality and safe used cars.

1 min

How AI is used for virtual abuse of children

In this digital age, advancements in technolLogy have brought both convenience and risks.

2 mins

Delhi police files chargesheet against six accused

The Special Cell of Delhi police on Friday filed a 1000page chargesheet in the Parliament security breach case at Delhi's Patiala House Court.

1 min

COURT DEFERS HEARING OF RAHUL GANDHI CASE

An MP-MLA court in Sultanpur (Uttar Pradesh) on Friday deferred the hearing in the 2018 defamation case against Congress leader.

1 min

SYRIAN ARRESTED IN GLOBAL COUNTERFEIT MEDICINE RING BUST

Four people, including a Syrian national, have been arrested for allegedly producing and distributing counterfeit cancer and diabetes medications to international markets, according to officials.

1 min

India needs to enhance AI, data science, cybersecurity skills

The conclusion of the India Global Innovation Connect (IGIC) 2024 in Bengaluru on Friday, has underscored the pressing need for India to bolster its skill development initiatives, particularly in the realm of artificial intelligence (AI) and related fields.

2 mins

77% Indians choose EVs for sustainability: ICICI EV report

In a world increasingly driven by sustainability, a staggering 77 per cent of EV users in india are motivated by the promise of reduced emissions. Among younger drivers, this eco-consciousness soars to 81 per cent, reflecting a generational shift towards greener choices.

2 mins

Bajaj Housing Finance files for Rs 7,000 cr IPO with SEBI

Bajaj Housing Finance Limited (BHFL), an arm of Bajaj Finance has submitted its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds in the public market.

1 min

JIO AIMS EXPANDING BROADBAND COVERAGE TO UNDERSERVED AREAS

Jio, a newer entrant in the 5G fixed wireless access space, is aiming to expand its broadband offering to new customer segments, including those in more remote areas.

1 min

Read all stories from The Business Guardian

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.