In this issue

June 23, 2024

Govt can take control of all telecom networks in times of emergency

The central government will be able to take control of any telecommunications services or networks in times of emergency after the implementation of the Telecommunications Act 2023, which will be effective on June 26.

1 min

CONFIDENCE ON TAX REFORMS: FM

The journey of India's Goods and Services Tax (GST) may have been a 'seven-year itch' -- to borrow the title of a Hollywood classic - with the entire exercise of carving out an acceptable framework, federal consensus, and accommodation of diversified interests but the pathbreaking overhaul of the indirect tax landscape is at an inflection point as it touches 7 years of implementation on 1 July, 2024, amidst record collections exceeding INR 20.14 trillion in FY 2023-24 and growing clamour for a simpler, less onerous and more effective architecture.

4 mins

FM assures states of support for tax devolution

Finance Minister Nirmala Sitharaman on Saturday underlined the Government's support to States through timely tax devolution, Finance Commission grants, and arrears of GST compensation being provided for providing stimulus to growth.

2 mins

IREDA bond issue oversubscribed by 2.65 times

The Indian Renewable Energy Development Agency (IREDA) on Friday said that it has successfully raised Rs 1,500 crore through the bond issuance.

1 min

ONGC inks deal with IOC to set up LNG plant in MP

State-run Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation Limited (IOCL) have formalised a partnership to set up a state-of-the-art small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin, Madhya Pradesh.

1 min

GODREJ GROUP TO LEAD SEPARATE ENTITIES

The Godrej group was founded by Ardeshir Godrej and his brother Pirojsha in 1897.

5 mins

Tata Motors launches digital marketplace for CVs

Tata Motors is set to increase the price of its commercial vehicles from 1 July 2024, up to 2 per cent to offset the impact of rising commodity prices and the hike will be applicable across the entire range of commercial vehicles, and will vary as per individual model and variant.

1 min

Demand from auto firms to push battery revenue

Driven by steady demand in the mainstay automotive segment among other factors, revenue of domestic leadacid battery manufacturers will grow 10-11 per cent in fiscal 2025, closely mirroring 12 per cent last fiscal.

1 min

SKODA AUTO'S KUSHAQ STARTS AT RS 10.69 L

Škoda Auto India has announced pricing of Kushaq and Slavia with higher value, enabling enhanced accessibility to its line-up of cars that are 5-star rated and fully safe for both adults and children.

2 mins

Climate change shaping business solvency in India

Recently, the Indian Supreme Court in a decision penned by Chief Justice Dr. Chandrachud in a matter relating to laying of power lines endangering the lives of Godavan or Greater Indian Bustard has for the very first time recognised adverse impact of climate change impeding the constitutional guarantee of the right to equality (Article 14) and life (Article 21). Climate Change is not only affecting constitutional guarantees but is creating ripples in the insolvency and bankruptcy ecosystem.

3 mins

CENTRE OKS REMOVAL OF 9 GW RENEWABLE ENERGY FROM RAJ, KARNATAKA

The Ministry of Power said on Saturday that the Union Government has sanctioned two new Inter State Transmission System (ISTS) initiatives with an investment of Rs 13,595 crore to remove 9 GW of renewable energy from Rajasthan and Karnataka.

1 min

COURT: NIA MUST REPLY ON ENGINEER RASHID'S PLEA

Delhi's Patiala House Court on Saturday directed the National Investigation Agency (NIA) to respond by July 1 to an application filed by newly elected MP Sheikh Abdul Rashid, also known as Engineer Rashid.

1 min

Gujarat HC clears path for release of Maharaj’ movie

The Gujarat High Court has lifted its stay on the release of \"Maharaj,\" the debut film of Junaid, son of Bollywood star Aamir Khan.

1 min

Return displaced individuals: Court to govt

The Calcutta High Court has directed the West Bengal government to take immediate measures to facilitate the return of individuals displaced due to alleged postpoll violence in the state to their residences.

1 min

PLEA IN BOMBAY HC AGAINST SHIV SENA RAVINDRA WAIKAR’S LS WIN

An independent candidate from Mumbai North West constituency has approached the Bombay High Court challenging the victory of Shiv Sena's Ravindra Waikar in the Lok Sabha elections, results of which were declared on June 4, 2024.

1 min

ALLIANZ PARTNERS GETS PATENT GRANT FOR 2W MOBILE CHARGER

Allianz Partners India has been granted a patent from the Patent Office of the Government for its cutting-edge two-wheeler mobile charger (TMC) entitled \"system and method of recharging stranded two-wheeled electric vehicle through twowheeler mobile charger\".

1 min

VOLKSWAGEN OPENS NEW CU

Volkswagen Passenger Cars India has inaugurated a new customer touchpoint in Amritsar, further expanding its footprint in the state of Punjab, as part of the brand's push to make its products and services accessible to a wider base of customers across India.

1 min

Marutis FRONX Sigma variant to be available at Rs 7.29 lakh

Maruti Suzuki India (MSIL) has expanded the FRONX Velocity edition across the SUV's 14 variants comprising 1.2L (petrol and CNG) and 1.0L powertrain options with a choice of manual and automatic transmissions.

1 min

Adani Group eyes 100bn capex over a decade: Jefferies

Global investment firm Jefferies said on Friday that the Adani Group is eyeing USD 100 billion in capital expenditure with major outlays on energy transition projects and digital infrastructure for the next leg of its growth.

1 min

Travel insurance premiums predicted to increase with inflation

The travel industry is finally resurging after a sluggish few years. As eager travellers plan to splurge on dream vacations, they are in for a rude shock-travel cost have shot up significantly over the past year.

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.
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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.