New Delhi, Apr 30 (BNP): Global oil markets are likely to move toward balance through demand adjustment in response to recent supply disruptions, according to a new industry report. The report notes that any supply shock in the oil sector is expected to be offset by “demand destruction,” which may help stabilise prices over time. Despite short-term volatility, the overall outlook for Oil Marketing Companies…
FY26: Invest India Facilitates Strong Dollar 6.1 Billion Investment Push
New Delhi, Apr 30 (BNP): Invest India, the national investment promotion and facilitation agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states in FY 2025–26, according to an official statement. These investments are expected to generate more than 31,000 jobs. The report highlights a sharp rise in investment…
ArcelorMittal Nippon Steel India Inaugurates Advanced Auto Steel Line to Boost ‘Make in India’ Push
New Delhi, Apr 30 (BNP): ArcelorMittal Nippon Steel India has started operations of a new automotive steel production line at its Gujarat plant, aiming to boost local manufacturing and reduce dependence on imports. The new Pickling Line and Tandem Cold Mill (PLTCM), with a capacity of 2 million tonnes per year, was inaugurated by Keiichi Ono. The facility will produce high-quality steel used in the…
Indian Markets End Lower as Sensex Drops 582 Points, Nifty Slips Below 24,000
Mumbai, Apr 30 (BNP): Indian stock markets closed sharply lower on Thursday, with benchmark indices facing significant selling pressure throughout the session. The BSE Sensex declined by 582 points, reflecting broad-based weakness across key sectors. Meanwhile, the NSE Nifty fell below the crucial 24,000 mark, signaling cautious investor sentiment. Market participants remained wary amid a mix of global uncertainties and domestic factors, which weighed on…
Payoneer launches ‘Global Payments, Simply Done’ campaign for Indian SMBs
Apr 30: Payoneer has launched its new campaign, ‘Global Payments, Simply Done’, centred on making cross-border payments simpler and more reliable for Indian SMBs. Aimed at service exporters working with international clients and eCommerce sellers engaging with marketplaces abroad, the campaign positions Payoneer as a simpler and more reliable platform for businesses growing across borders. Built on the thought that global payments don’t need to…
Gold Prices Surge Past 1.50 Lakh per 10 Grams on Global and Geopolitical Factors
New Delhi, Apr 30 (BNP): Gold prices advanced in futures trade on Thursday, climbing by ₹1,791 to cross the ₹1.50 lakh mark per 10 grams, supported by firm international trends and safe-haven buying. The rise came after the US Federal Reserve held interest rates steady, which boosted demand for gold amid ongoing global uncertainty. Continued geopolitical tensions in West Asia also added to investor interest…
India’s FDI Expected to Surpass Dollar 90 Billion in FY26 on Strong Investor Interest
New Delhi, Apr 30 (BNP): Foreign Direct Investment (FDI) into India is expected to exceed $90 billion in the financial year 2025–26, reflecting strong global investor confidence in the country’s economy. According to senior government officials, India has already received over $88 billion in gross FDI between April 2025 and February 2026. This steady inflow points to an estimated growth of around 10% compared to…
RAKEZ to spotlight industrial growth and investment opportunities at Make it in the Emirates 2026
Ras Al Khaimah, Apr 30: Ras Al Khaimah Economic Zone (RAKEZ) is set to participate in the fifth edition of the Make it in the Emirates exhibition, taking place at ADNEC Centre Abu Dhabi from 4 to 7 May 2026, reinforcing its role in advancing the UAE’s industrial landscape and attracting high-value investments. As part of its participation, RAKEZ Group CEO Ramy Jallad will join…
DSM Fresh Foods (Zappfresh) Recognised as ‘IPO Trailblazer 2025’ at CII Unicorn Summit 2026
New Delhi, Apr 30: DSM Fresh Foods Limited (Zappfresh), a leading player in the fresh and processed food segment, has been recognised at the CII Unicorn Summit 2026, organised by the Confederation of Indian Industry (CII). The company was honoured under the category of “IPO Trailblazer 2025”, an initiative by CII to recognise startups and growth-stage companies that have demonstrated strong governance, sustainable value creation,…
FIA expands major road safety initiative into Middle East, Africa
H.E. Mohammed Ben Sulayem, President of the FIA, hails decisive step towards making roads safer and delivering lasting change worldwide Dubai, UAE, 30th April 2026: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has announced the expansion of a major road safety initiative into the Middle East and Africa. The FIA Safe Mobility 4 All…