SINGAPORE, May 05 – Professional Investment Advisory Services Pte Ltd (“PIAS”) today announced that its management has completed the acquisition of PIAS from Singapore Life Limited (“Singlife”), through the purchase of all its shares in Professional Advisory Holdings Limited (“PAH”), PIAS’s holding company. The change in ownership, approved by the Monetary Authority of Singapore (“MAS”), took effect on 1 May 2026 and was mutually agreed…
India Direct Tax Collections Rise 5.1 pc to INR 23.4 Lakh Crore in FY26
New Delhi, May 5 (BNP): India’s net direct tax collections recorded steady growth in the financial year 2025–26, rising 5.12% year-on-year to ₹23,40,406 crore, according to data released by the Central Board of Direct Taxes (CBDT). Gross direct tax collections for the fiscal stood at ₹28,11,936 crore, marking a 4.03% increase compared to the previous financial year. The growth was driven by stable inflows from…
JLR India Slashes Range Rover SV Prices by Up to INR 75 Lakh Ahead of India–UK FTA
New Delhi, May 5 (BNP): Jaguar Land Rover (JLR) India has announced a significant price reduction of up to ₹75 lakh on its flagship Range Rover SV models, ahead of the expected benefits from the India–UK Free Trade Agreement (FTA). The company said the revised pricing applies to its completely built unit (CBU) models imported from the UK, with the steepest cuts seen in the high-end…
IRCON International Marks Golden Jubilee, Celebrates 50 Years of Nation-Building Excellence
New Delhi, May 05: IRCON International Limited, a leading Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, celebrated on 28th April its 50th Foundation Day at Bharat Mandapam, New Delhi, commemorating five decades of contribution to India’s railway and infrastructure development and reaffirming its commitment to nation-building through engineering excellence. The milestone celebration was attended by senior officials from the Ministry of Railways, members of IRCON International…
India Most Resilient Emerging Market, Well-Positioned for Future Shocks: Moody’s
New Delhi, May 5 (BNP): India has emerged as the most resilient large emerging market economy since 2020, supported by strong macroeconomic fundamentals and substantial foreign exchange reserves, according to Moody’s Ratings. In its latest report on emerging markets, Moody’s noted that India’s sizeable forex reserves have helped curb currency volatility and strengthen investor confidence during periods of global uncertainty and economic shocks. The rating agency…
“Welcomhotel by ITC Hotels, Richmond Road, Bengaluru marks Mother’s Day with a Thoughtful Dining Offering”
Bengaluru, May 5: WelcomHotel by ITC Hotels Richmond Road Bengaluru invites guests to celebrate Mother’s Day with a thoughtfully curated dining experience across its signature outlets, Welcomcafe Jacaranda and Mahjong Room. On May 10, mothers dining at either venue will be treated to a complimentary beverage and dessert, adding a special touch to the celebration. The offer is available with the dinner buffet at Welcomcafe…
Retired WVU Statler College Faculty Member Establishes Chair and Professor Positions with $3M Gift
A retired faculty leader at the West Virginia University Benjamin M. Statler College of Engineering and Mineral Resources is honoring his family’s academic legacy with generous planned gifts to advance education, discovery and service. Syd Peng, of Fremont, California, pledged $3 million in his will to establish endowed chair and professor positions at the WVU Statler College. His gifts reflect a devotion to WVU that…
Odisha CM Mohan Charan Majhi Begins 3 Day Gujarat Visit to Boost Investment Ties
Bhubaneswar / Gujarat, May 5 (BNP): Odisha Chief Minister Mohan Charan Majhi has commenced a three-day official visit to Gujarat, covering four major cities from May 5 to May 7, as part of efforts to enhance industrial cooperation and attract new investments to the state. The visit is aimed at strengthening Odisha’s engagement with Gujarat’s well-established manufacturing ecosystem and exploring new opportunities across key sectors.…
India’s LPG Consumption Drops 16 pc in April Amid West Asia Supply Disruptions
May 5 (BNP): India’s liquefied petroleum gas (LPG) consumption declined sharply by 16% in April, as supply disruptions linked to escalating tensions in West Asia affected availability across both domestic and commercial segments. According to official data, the fall in consumption reflects the impact of constrained supplies in global energy markets, which have been under pressure due to ongoing geopolitical conflict in the region. The…
Net Direct Tax Collections Rise 5.1 pc in FY26; Refunds See Marginal Decline
New Delhi, May 5 (BNP): India’s net direct tax collections recorded steady growth in FY26, rising 5.12% year-on-year to ₹23.40 lakh crore, compared with ₹22.26 lakh crore in the previous financial year. The increase reflects combined collections from corporate and non-corporate taxes, indicating continued expansion in the tax base despite challenging global and domestic economic conditions. During the same period, tax refund outgo declined slightly…