Ras Al Khaimah, May 04: Hira Industries, a global manufacturer and supplier serving the construction sector since 1980, has expanded its operations at Ras Al Khaimah Economic Zone (RAKEZ) with the addition of a new factory and warehouse facility at Al Ghail Industrial Zone. Spanning approximately 7,450 m2, the new facility will support the increased production of thermal and acoustic insulation solutions…
India’s Small Businesses Benefit as Digital Access Widens
New Delhi, May 4 (BNP): The rapid expansion of digital infrastructure and internet access is playing a key role in strengthening small business growth across India, enabling entrepreneurs to reach wider markets and improve operational efficiency. Increased adoption of smartphones, digital payment systems, and online platforms has helped small and medium enterprises (SMEs) expand their customer base beyond local boundaries. This shift has also improved…
Gold Futures Decline to INR 1.50 Lakh on Global Cues
New Delhi, May 4 (BNP): Gold prices declined in futures trade on Monday, tracking weak global cues as a stronger US dollar and rising crude oil prices weighed on bullion demand. On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by ₹1,149, or 0.76 percent, to ₹1,50,203 per 10 grams, with a total trading volume of 9,510 lots. The decline comes after…
India’s Remittances Remain Resilient Amid West Asia Tensions, Says Morgan Stanley
New Delhi, May 4 (BNP): India’s remittance inflows continue to remain strong despite ongoing geopolitical tensions in West Asia, although policymakers may need to focus on supporting the reintegration of returning workers into the domestic economy, according to a report by Morgan Stanley. The report noted that inflows from overseas Indian workers have held up well even amid uncertainty in key Gulf economies, highlighting the…
Domestic Capital Fuels 37 pc Jump in India Real Estate Investments: Report
New Delhi, May 4 (BNP): India’s real estate sector recorded a strong uptick in investment activity during the January–March period, with total inflows rising 37 percent year-on-year, according to a report by JLL India. The growth was primarily driven by robust participation from domestic investors, including institutions, family offices, and high-net-worth individuals, highlighting increasing confidence in India’s property market amid global economic uncertainties. The report…
Oriflame Appoints Orkun Gül as Chief Commercial Officer
New Delhi, May 04: Oriflame has announced the appointment of Orkun Gül as its new Chief Commercial Officer (CCO). In this role, Orkun will join the company’s Global Leadership Team and lead its commercial strategy across international markets, as Oriflame strengthens its global business and expands its social selling ecosystem. Orkun Gül brings over two decades of leadership experience across FMCG, direct selling, and network…
India Manufacturing Shows Resilience as PMI Edges Up to 54.7
New Delhi, May 4 (BNP): India’s manufacturing sector saw a slight improvement in activity during April, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 54.7 from 53.9 in March, according to a private survey. The reading indicates continued expansion in factory activity, though the pace of growth remains relatively subdued compared to previous years. A PMI above 50 reflects expansion in the…
Ather Energy Posts Improved Q4 Results, Loss Narrows Significantly
Mumbai, May 4 (BNP): Ather Energy has reported a sharp improvement in its financial performance for the January–March quarter, with net loss narrowing by 57 percent year-on-year. The company posted a net loss of ₹100.23 crore in the fourth quarter, compared with ₹234.36 crore in the same period last year, according to a regulatory filing. The reduction reflects improving operational efficiency and stronger demand in…
New Market Segments Launched as NSE Points to Strong Capital Market Growth
May 4 (BNP): The National Stock Exchange (NSE) has introduced two new segments—PaRRVA and EGR—aimed at expanding market participation and improving trading efficiency. Speaking at the launch, the NSE Chairman highlighted the resilience of India’s capital markets, noting their ability to withstand global uncertainties and maintain steady growth. The introduction of these segments is expected to deepen market participation and offer investors new avenues for…
India’s LPG Shipment Clears Strategic Strait, Heads to Visakhapatnam Port
Visakhapatnam, May 4 (BNP): An LPG tanker carrying cargo destined for India has safely navigated the Strait of Hormuz and is currently en route to Visakhapatnam, according to official sources. The movement of the vessel comes at a time of heightened geopolitical tensions in West Asia, which have raised global concerns over key energy shipping routes. Authorities confirmed that despite the challenging regional environment, maritime…