Bhubaneswar, Apr 24 (BNP): In a consumer-friendly move during the intense summer season, the Odisha government has directed that electricity connections will not be disconnected for non-payment of dues during the peak heat period. The instruction has been issued by Deputy Chief Minister and Energy Minister K. V. Singh Deo…
Continue ReadingCrude Oil Prices Jump as Middle East Tensions Fuel Supply Concerns
Mumbai: Global crude oil prices surged on Friday, rising up to 2% as renewed geopolitical tensions in the Middle East kept energy markets volatile, even as the United States announced a unilateral ceasefire move. Brent crude climbed to around $107 per barrel, while West Texas Intermediate (WTI) rose to nearly…
Continue ReadingGold, Silver Prices Under Pressure in Early Market Trade
Mumbai, Apr 24 (BNP): Precious metals witnessed weakness in early trade on Friday, with both gold and silver prices declining on the Multi Commodity Exchange (MCX) amid a broadly cautious global market sentiment. Gold futures for June delivery opened lower at ₹1,51,167 per 10 grams, down 0.39%, compared with the…
Continue ReadingAU Small Finance Bank appoints Vivek Tripathi as Whole-Time Director
India, Apr 24: AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first organisation in over a decade to receive an in-principle approval from the Reserve Bank of India to transition into a Universal Bank, today announced that the Reserve Bank of India (RBI) has accorded…
Continue ReadingIndia Approves INR 30 Billion SAARC Currency Swap Facility for Maldives
New Delhi, Apr 24 (BNP): India has approved a ₹30 billion currency swap arrangement for the Maldives under the SAARC framework, aiming to provide financial stability support to the island nation and strengthen regional economic cooperation. The facility is part of India’s ongoing commitment to assist neighbouring countries in managing…
Continue ReadingOpenAI Launches GPT-5.5, Advances Toward Smarter End-to-End AI
New Delhi, Apr 24 (BNP): OpenAI has introduced its latest artificial intelligence model, GPT-5.5, positioning it as a significant upgrade designed to handle complex tasks more efficiently and with greater independence. The company says the new model delivers improved performance in areas such as coding, research, analysis, and productivity tasks,…
Continue ReadingQuick Commerce Surge in India Seen Driving Market to Dollar 70 Billion by 2030
New Delhi, Apr 24 (BNP): India’s quick commerce sector is gaining remarkable momentum, with rapid expansion over the past two years positioning it as one of the fastest-growing segments in the country’s digital economy. A recent report suggests the market could reach as much as $65–70 billion by 2030 if…
Continue ReadingSitharaman Calls for Stronger Cyber Shields in Banking as AI Risks and Global Tensions Rise
New Delhi, Apr 24 (BNP): Union Finance Minister Nirmala Sitharaman has urged India’s banking sector to step up its defences against emerging digital threats, cautioning that rapid advances in artificial intelligence are reshaping the risk landscape for financial institutions. Speaking at a recent review meeting with senior bankers and officials,…
Continue ReadingDeendayal Port, DP World Explore Tuna Tekra Terminal to Strengthen Kandla Logistics Hub
Gujarat, Apr 24 (BNP): The Deendayal Port Authority has initiated discussions with global logistics major DP World to develop the proposed Tuna-Tekra terminal, a move expected to enhance capacity and efficiency at the Kandla port ecosystem. According to officials familiar with the matter, the talks are part of a broader…
Continue ReadingPemmasani Calls for Design Driven Growth and Higher R&D in Telecom Sector
Bhubaneswar, Apr 24 (BNP): Union Minister of State for Telecommunications, Pemmasani Chandra Sekhar, has urged stakeholders in India’s telecom industry to move beyond cost-driven models and embrace design-led innovation as a core growth strategy. Addressing industry representatives at a recent forum, the minister emphasized that India must strengthen its capabilities…
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