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…
Jaishankar Lauds GalaxEye for Advancing India’s Space-Tech Strength
May 4 (BNP): External Affairs Minister S. Jaishankar has praised India’s advancing space technology ecosystem, highlighting the success of GalaxEye and its “Mission Drishti,” which is being seen as a significant step forward in all-weather Earth imaging capabilities. The mission marks a notable achievement in strengthening India’s private space sector, demonstrating the country’s growing ability to develop advanced imaging systems that can operate effectively in diverse…
Nissan GRAVITE CNG Debuts with Segment-First Twin-Cylinder Retrofitment Kit, Enabling True 7-Seater CNG Mobility – Press release
Gurugram, May 04: Nissan Motor India Private Limited announced the launch of government-approved CNG retrofitment kit for the All-New Nissan GRAVITE, featuring an innovative segment-first smart twin-cylinder technology that retains full 7-seater modularity & usability. across 16 states, the GRAVITE CNG is designed to offer customers a smarter, more economical and environmentally conscious mobility solution while retaining ample space in the 3rd row, offering comfort…
India Tightens Enforcement to Curb LPG Hoarding Amid Stable Supplies
New Delhi, May 4 (BNP): The government has intensified enforcement measures to prevent hoarding and ensure smooth supply of cooking gas across the country, conducting more than 1,900 raids nationwide, even as LPG availability continues to remain stable amid ongoing geopolitical tensions in West Asia. According to the Ministry of Petroleum and Natural Gas, around 47 lakh domestic LPG cylinders were delivered on May 2…
Global Crude Shortfall Could Reshape Demand and Strengthen OMC Margins
May 4 (BNP): A global crude oil supply shortfall of around 4.8 million barrels per day (mbpd) could potentially lead to demand destruction while improving margins for oil marketing companies (OMCs), according to a recent report. The report suggests that tightening supply conditions in the global oil market may push prices higher, which in turn could moderate consumption levels as demand adjusts to elevated costs.…
Online Food Delivery Sees Rapid Growth, Yet Huge Scope Remains
New Delhi, May 4 (BNP): Online food delivery in India has witnessed strong growth in recent years but continues to account for a relatively small share of the overall food services industry, according to a recent report by Investec. The report highlights that the segment currently represents about 11 percent of the total food services market, rising significantly from around 3 percent in 2018. This…
Strong Tax Receipts Help Government Surpass Revenue Targets
New Delhi, May 4 (BNP): The government has reported robust revenue collections across major tax categories, with several streams exceeding their respective Modified Revised Estimates (MRE) for the financial year ending March. Stamp duty collections reached ₹9,119.72 crore, slightly surpassing expectations at 101 percent of the MRE. This indicates steady activity in property transactions and related sectors, contributing positively to the state’s revenue position. Excise…
Rupee Weakens in Early Trade Amid West Asia Tensions and Elevated Oil Prices
Mumbai, May 4 (BNP): The Indian rupee opened on a weaker note on Monday, depreciating by 11 paise to 94.95 against the U.S. dollar in early trade, as ongoing geopolitical tensions in West Asia continued to weigh on investor sentiment. Market participants remained cautious amid uncertainty in global markets, with risk appetite subdued due to the evolving situation in the region. Forex traders noted that…
Markets Surge at Open, Tracking Global Optimism and Easing Oil Prices
Mumbai, May 4(BNP): Indian benchmark equity indices opened the week on a strong note, rallying sharply in early trade on Monday amid easing crude oil prices and improved global market sentiment. The BSE Sensex surged 657.80 points to reach 77,571.30, while the NSE Nifty 50 advanced 213.35 points to 24,215.10 during the opening session. The upbeat momentum in domestic equities mirrored gains across Asian markets, which…
Art-E Mediatech Bags Creative Mandate For IndiaMART For The Second Time
Delhi, May 04: Art-e Mediatech, is creative media and MarTech agencies, has secured the full social media mandate for IndiaMART, India’s largest B2B online marketplace. This win marks the second time the agency has been entrusted with the brand’s creative responsibilities. As part of the renewed mandate, Art-E Mediatech will drive the full social media strategy and content planning initiatives for IndiaMART. The partnership aims…