New Delhi, May 4 (BNP): India’s manufacturing sector saw a slight improvement in activity during April, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 54.7 from 53.9 in March, according to a private survey. The reading indicates continued expansion in factory activity, though the pace of growth…
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Mittal–Poonawalla Consortium Buys Stake in Rajasthan Royals in INR 15,660 Crore Deal!
New Delhi,May 4 (BNP): In a major development in the Indian Premier League, UK-based Indian billionaire Lakshmi Mittal and Adar Poonawalla have acquired a significant stake in Rajasthan Royals (RR) through a consortium deal valued at approximately ₹15,660 crore ($1.65 billion). The two business leaders have partnered with existing principal…
Continue ReadingAther Energy Posts Improved Q4 Results, Loss Narrows Significantly
Mumbai, May 4 (BNP): Ather Energy has reported a sharp improvement in its financial performance for the January–March quarter, with net loss narrowing by 57 percent year-on-year. The company posted a net loss of ₹100.23 crore in the fourth quarter, compared with ₹234.36 crore in the same period last year,…
Continue ReadingCyclone Alert? Low Pressure Likely in Bay of Bengal Mid-May; IMD Yet to Confirm
Bhubaneswar, May 4 (BNP): A potential weather system over the Bay of Bengal is drawing attention, with early model projections indicating the possible formation of a low-pressure area during the second week of May. According to preliminary forecasts from the Global Forecast System, conditions may become conducive for the development…
Continue ReadingNew Market Segments Launched as NSE Points to Strong Capital Market Growth
May 4 (BNP): The National Stock Exchange (NSE) has introduced two new segments—PaRRVA and EGR—aimed at expanding market participation and improving trading efficiency. Speaking at the launch, the NSE Chairman highlighted the resilience of India’s capital markets, noting their ability to withstand global uncertainties and maintain steady growth. The introduction…
Continue ReadingNo Classroom? No Problem! Rangeet Brings Playful Summer Learning Spaces to Mumbai
Mumbai, May 04: Every child deserves a summer filled with discovery and joy, but for many families, summer camps that fulfil both are just not within reach. Mumbai-based social enterprise Rangeet, in partnership with Pratham Mumbai Education Initiative and the OmniActive Improving Lives Foundation, with support from Nirlon Ltd. is…
Continue ReadingIndia’s LPG Shipment Clears Strategic Strait, Heads to Visakhapatnam Port
Visakhapatnam, May 4 (BNP): An LPG tanker carrying cargo destined for India has safely navigated the Strait of Hormuz and is currently en route to Visakhapatnam, according to official sources. The movement of the vessel comes at a time of heightened geopolitical tensions in West Asia, which have raised global…
Continue ReadingJaishankar Lauds GalaxEye for Advancing India’s Space-Tech Strength
May 4 (BNP): External Affairs Minister S. Jaishankar has praised India’s advancing space technology ecosystem, highlighting the success of GalaxEye and its “Mission Drishti,” which is being seen as a significant step forward in all-weather Earth imaging capabilities. The mission marks a notable achievement in strengthening India’s private space sector, demonstrating…
Continue ReadingIndia Tightens Enforcement to Curb LPG Hoarding Amid Stable Supplies
New Delhi, May 4 (BNP): The government has intensified enforcement measures to prevent hoarding and ensure smooth supply of cooking gas across the country, conducting more than 1,900 raids nationwide, even as LPG availability continues to remain stable amid ongoing geopolitical tensions in West Asia. According to the Ministry of…
Continue ReadingGlobal Crude Shortfall Could Reshape Demand and Strengthen OMC Margins
May 4 (BNP): A global crude oil supply shortfall of around 4.8 million barrels per day (mbpd) could potentially lead to demand destruction while improving margins for oil marketing companies (OMCs), according to a recent report. The report suggests that tightening supply conditions in the global oil market may push…
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