May 9 (BNP): A SEBI analyst has said that financial markets have already taken into account expectations of weaker GDP growth and rising inflation following recent shocks in global oil prices. According to the analyst, investors have been gradually pricing in the impact of higher crude oil costs, which are likely to put upward pressure on inflation and weigh on economic growth. As a result,…
India Pushes for Quick Resolution of Issues in EFTA Trade Pact to Boost Benefits
May 9 (BNP): India has called for the early resolution of implementation-related issues in its trade agreement with the European Free Trade Association (EFTA) to ensure that businesses on both sides can fully benefit from the pact, according to an official statement. The India–EFTA Trade and Economic Partnership Agreement (TEPA), which came into effect in October 2025, was a key focus during Commerce Secretary Rajesh…
Virtusa Highlights Responsible AI and Inclusive Growth on National Technology Day 2026
By: Venkatesan Vijayaraghavan, Chief Operating Officer, Virtusa Corporation “On National Technology Day 2026, the theme ‘Responsible Innovation for Inclusive Growth’ places the spotlight on how technology is built, deployed, and scaled across real-world environments. Responsible innovation calls for strong data foundations, secure architecture, and clear governance so that systems are reliable and trusted at scale. Inclusive growth comes from ensuring these systems are designed for…
IIM Sambalpur–MCL MoU to Train 500 Officers in AI for Coal Sector Transformation
May 9 (BNP): The Indian Institute of Management (IIM) Sambalpur has signed a Memorandum of Understanding (MoU) with Mahanadi Coalfields Limited (MCL) to train 500 officers in Artificial Intelligence (AI), aiming to modernise coal operations and strengthen data-driven decision-making across the organisation. The agreement was formalised by Keshav Rao, Director (HR), MCL, and Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, in the presence of senior officials…
India Successfully Tests Indigenous TARA Glide Weapon System
May 9 (BNP): India has successfully carried out the maiden flight trial of the Tactical Advanced Range Augmentation (TARA) weapon system off the coast of Odisha on May 07, 2026, marking a significant milestone in the country’s indigenous defence capability development. Developed as a modular range extension kit, TARA is India’s first indigenous Glide Weapon System (GWS) designed to convert conventional unguided warheads into precision-guided…
New Income Tax Act 2025 Aims to Simplify Filing, Expand India’s Taxpayer Base
New Delhi, May 9 (BNP): India’s newly introduced Income Tax Act 2025 is being positioned as one of the country’s most significant tax simplification reforms in recent years, with the government focusing on making tax filing easier, clearer, and more accessible for ordinary citizens. Speaking at a taxpayer awareness programme in Mumbai, Chief Commissioner of Income Tax (IT & TP) Nirupama Kotru said the new…
Commerce Secretary Visits Switzerland to Strengthen India–EFTA Trade Partnership
New Delhi, May 9 (BNP): Commerce Secretary Rajesh Agarwal concluded an official visit to Switzerland aimed at strengthening bilateral trade and investment ties and accelerating the implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA). The visit underscored India’s commitment to deepening economic engagement with Switzerland and the wider European Free Trade Association (EFTA) region. TEPA represents a major milestone in India’s international trade…
India’s Ornamental Fisheries Exports Reach INR 41 Crore, PMMSY Driving Growth and Global Opportunities
New Delhi, May 9 (BNP): India’s ornamental fisheries sector is witnessing rapid growth, supported by increasing global demand, rich aquatic biodiversity, and focused government initiatives under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). With ornamental fish exports estimated at nearly ₹41 crore, the sector is steadily emerging as a promising contributor to rural livelihoods, entrepreneurship, and India’s fisheries economy. As part of efforts to strengthen…
Tamil Nadu Government Formation Delayed as TVK Awaits VCK Support!
Chennai, May 9 (BNP): Tamilaga Vettri Kazhagam (TVK) chief Vijay’s much-anticipated swearing-in as the Chief Minister of Tamil Nadu is reportedly facing a delay amid uncertainty over crucial alliance support. Though TVK has emerged as the single largest party with 108 seats, the party is still short of the required majority mark in the 234-member Assembly. According to reports, Vijay met Governor Rajendra Arlekar on…
Nifty, Sensex End Week Higher as Easing Crude Prices and Stronger Rupee Boost Sentiment
New Delhi, May 9 (BNP): Indian equity markets closed the week on a positive note, with benchmark indices Nifty and Sensex recording strong gains amid improving investor confidence. Market sentiment remained upbeat throughout the week, supported by easing global crude oil prices, a strengthening rupee, and encouraging global market trends. The decline in crude oil prices offered relief to investors, easing concerns around inflation and…