Category: business

May 6 (BNP): India’s services sector gained momentum in April, rising to a five-month high as stronger demand and new business orders supported overall expansion, according to the latest HSBC Services PMI data compiled by S&P Global. The seasonally adjusted index increased to 58.7 in April from 58.5 in March, marking…

New Delhi, May 6 (BNP): Indian companies have announced a record $20.5 billion investment commitment in the United States during the SelectUSA Summit, highlighting strong and growing economic engagement between the two countries. About 12 Indian firms confirmed immediate investment deals across key sectors including technology, manufacturing, and clean energy.…

New Delhi, May 6 (BNP): The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the fifth version of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) to support businesses facing liquidity stress due to ongoing disruptions linked to the West Asia situation. The scheme aims to facilitate an…

New Delhi, May 6: Canon India, one of the leading digital imaging companies, is advancing its commitment to the wedding imaging community through ‘Canon Wizard’, a first-of-its-kind initiative that brings together some of India’s most renowned wedding studios on a single platform, offering them access to Canon’s wider imaging ecosystem along…

Samarkand, Uzbekistan, May 6 (BNP): The Asian Development Bank (Asian Development Bank) has announced plans to support $70 billion in new energy and digital infrastructure initiatives across Asia and the Pacific by 2035, aimed at strengthening regional connectivity, sustainability, and economic growth. The initiatives include two major programs—the Pan-Asia Power…

New Delhi, May 6 (BNP): The cement industry is expected to face a subdued demand environment in the near term, with rising cost pressures likely to impact profitability over the next one to two quarters, according to a recent industry report. The report indicates that slower construction activity and uneven…

New Delhi, May 6 (BNP): India’s automobile industry is expected to maintain a positive growth outlook for FY27, even amid ongoing global economic uncertainties, according to a recent industry report. The report highlights that strong domestic demand, improving supply chains, and continued policy support are likely to drive the sector’s…

New Delhi/Wellington, May 6 (BNP): A new “single desk” investment facilitation initiative between India and New Zealand is projected to unlock nearly $20 billion in investments over the coming years, according to New Zealand Investment Minister Todd McClay. The initiative aims to streamline investment procedures through a unified platform, making…

Mumbai, May 6 (BNP): Indian stock markets opened on a strong note on Wednesday, supported by positive global sentiment and a decline in crude oil prices. Improved investor confidence followed signals of progress in geopolitical discussions involving Donald Trump and Iran, easing concerns over global tensions. The benchmark BSE Sensex advanced…

New Delhi, May 06: Matrix Geo Solutions Limited, a geospatial technology and engineering consultancy, has been awarded a project to deploy Digital Twin technology for a new Broad Gauge railway corridor in collaboration with the Ajmer Division of Indian Railways. The mandate covers the proposed rail corridor connecting Taranga Hill and Abu Road via Ambaji. The project will use geospatial data and 3D modelling to support planning and design of the alignment.…