Business News

Bhubaneswar / Gujarat, May 5 (BNP): Odisha Chief Minister Mohan Charan Majhi has commenced a three-day official visit to Gujarat, covering four major cities from May 5 to May 7, as part of efforts to enhance industrial cooperation and attract new investments to the state. The visit is aimed at strengthening Odisha’s engagement with Gujarat’s […]

May 5 (BNP): India’s liquefied petroleum gas (LPG) consumption declined sharply by 16% in April, as supply disruptions linked to escalating tensions in West Asia affected availability across both domestic and commercial segments. According to official data, the fall in consumption reflects the impact of constrained supplies in global energy markets, which have been under

New Delhi, May 5 (BNP): India’s net direct tax collections recorded steady growth in FY26, rising 5.12% year-on-year to ₹23.40 lakh crore, compared with ₹22.26 lakh crore in the previous financial year. The increase reflects combined collections from corporate and non-corporate taxes, indicating continued expansion in the tax base despite challenging global and domestic economic

New Delhi, May 5 (BNP): Indian rupee weakened in early trade on Tuesday, falling 20 paise to 95.43 against the US dollar amid heightened global risk sentiment. Currency traders attributed the decline to renewed geopolitical tensions following fresh military exchanges between the United States and Iran in the Gulf region. The developments have triggered risk

Chennai, May 5: Citi India has announced the appointment of Raj Rathi as Head of Mergers & Acquisitions (M&A) in India, effective June 2026. Based in Mumbai, Raj will also take on sector coverage for Digital Infrastructure, Electronic Manufacturing Services (EMS), and select B2B commerce companies. In his new role, he will lead Citi’s M&A

New Delhi, May 5 (BNP): Union Minister of Commerce and Industry Piyush Goyal chaired a high-level review meeting with senior officials to assess the progress of India’s ongoing Free Trade Agreement (FTA) negotiations and to chart a strengthened export strategy. Held a review meeting with key officers and chief negotiators to assess the progress of

New Delhi, May 5 (BNP): India’s automobile sector is expected to maintain its growth momentum over the next two to three quarters, with strong demand likely to persist through calendar year 2026, according to a report by Antique Stock Broking. The industry has entered FY27 on a positive note, recording healthy volume growth across segments such

New Delhi, May 5 (BNP): The National Stock Exchange of India (NSE) has introduced Electronic Gold Receipts (EGRs), marking a significant step toward modernising gold trading in the country. The new segment aims to improve transparency and make price discovery more efficient in one of India’s most widely traded commodities. Electronic Gold Receipts are digital

New Delhi, May 5 (BNP): Global equity markets opened on a subdued note following renewed geopolitical tensions in the Middle East, which have unsettled investor sentiment worldwide. Concerns over potential disruptions to crude supply routes have led to a sharp increase in oil prices, with benchmarks rising to $113 per barrel. The surge in oil

Hyderabad, New Delhi, May 05: Ananth Technologies (ATL), one of India’s leading private sector space and defence electronics companies, proudly announces the successful launch of the GalaxEye’s satellite Drishti, for which ATL carried out the complete Assembly, Integration and Testing (AIT). The satellite was successfully placed in its designated orbit, marking a significant achievement for