New Delhi, May 7 (BNP): Indian banks are expected to comfortably manage the transition to the Reserve Bank of India’s (RBI) upcoming Expected Credit Loss (ECL) framework, which is scheduled to come into effect from April 1, 2027, according to a report released on Thursday. As per an analysis by…
Continue ReadingROX to Establish One of the Middle East’s First Advanced AI Manufacturing Centres in KEZAD’s KLP 1 Musaffah
The 10,000 sqm facility will begin operations in H2 2026, targeting an annual production capacity of 300,000 vehicles by 2030 and contributing up to 10% to the UAE’s Operation 300Bn initiative Abu Dhabi, United Arab Emirates – 07 May 2026: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest…
Continue ReadingAdani Green Energy Expands Renewable Portfolio with New Step-Down Subsidiaries!
Ahmedabad, May 7 (BNP): Adani Green Energy Limited (AGEL), one of India’s leading renewable energy companies, has announced the incorporation of new step-down subsidiaries as part of its continued expansion in the clean energy sector. The newly incorporated entities are expected to focus on renewable power generation and related infrastructure…
Continue ReadingIRC MBIR Advisory Board Committee on Materials and Fuel Research met in Moscow
Mumbai, May 07: A meeting of the Committee on Material and Fuel Research on the International Research Centre on the basis of MBIR reactor (IRC MBIR) Advisory Board was held in Moscow. MBIR multipurpose fast-neutron research reactor is currently under construction in Dimitrovgrad, at the site of JSC “SSC RIAR” (State Scientific Centre – Research Institute of Atomic Reactors, part of Rosatom’s scientific division). The event brought together over 80…
Continue ReadingCotton Import Duty Raises Cost Pressures on Textile Industry, Study Flags Competitiveness Concerns
New Delhi: A new industry study has highlighted that India’s current cotton import duty structure could be affecting the global competitiveness of the country’s textile and apparel sector. The report points out that higher input costs for raw cotton are adding pressure on manufacturers, especially exporters who operate in highly…
Continue ReadingMRF Reports 30% Surge in FY26 Consolidated Net Profit at Rs 2,426 Crore
Chennai, May 07: MRF Ltd. has announced a strong financial performance for the financial year ended March 31, 2026, reporting robust growth in both revenue and profitability. The company’s consolidated total income rose by approximately 11% year-on-year to Rs 31,654 crore, compared to Rs 28,570 crore in the previous financial…
Continue ReadingMarkets Open Higher on Global Peace Hopes; Sectoral Trends Mixed
Mumbai, May 7 (BNP): Indian equity markets opened on a positive note on Thursday, supported by improved global sentiment after reports of progress on a possible US-Iran peace framework. In early trade, the BSE Sensex rose nearly 380 points to touch an intraday high of 78,339, while the Nifty 50…
Continue ReadingIndia’s Real Estate Sector Set for Strong Growth as AI Adoption Rises
New Delhi, May 7 (BNP): India’s real estate sector is expected to witness significant expansion over the long term, with its market size projected to reach about USD 5.8 trillion by 2047, according to a joint industry report by FICCI and KPMG. The report notes that the sector is being reshaped…
Continue ReadingMetis Engineering appoints Miken Electronics Worldwide as global distribution partner
Bristol, UK. May 07: Metis Engineering, specialist in CAN-based sensing technology, has appointed Miken Electronics Worldwide Ltd as a global distributor for its full product range. The agreement gives defence, aerospace, and industrial customers worldwide direct access to Metis Engineering’s sensors through Miken’s established international supply chain and ISO 9001:2015…
Continue ReadingAndhra Pradesh to Build Seaweed Economy to Strengthen Coastal Livelihoods and Women’s Empowerment
Amaravati, May 7 (BNP): Andhra Pradesh Chief Minister N. Chandrababu Naidu has directed officials to develop a structured economic model to promote seaweed cultivation as a sustainable livelihood option for coastal communities, with a strong focus on women’s self-help groups (SHGs) and fishermen. Chairing a review meeting at the State Secretariat,…
Continue Reading