Apr 17 (BNP): Silver prices rose sharply in futures trade on Friday, tracking positive global cues and improved investor sentiment. On the Multi Commodity Exchange, silver for May delivery climbed ₹3,371, or 1.36 per cent, to ₹2,51,999 per kilogram. The rise in prices was supported by a weaker US dollar and easing geopolitical tensions in West Asia, which boosted demand for safe-haven assets in global…
Crisil Sees India’s CAD Rising to 2 pc of GDP in FY27
Apr 17 (BNP): India’s current account deficit (CAD) is expected to widen to around 2 per cent of GDP in FY27, even if crude oil prices remain in the range of USD 82–87 per barrel, according to a report by Crisil. The report noted that external pressures on the trade balance are likely to persist, driven by steady import demand and global economic factors. While…
Markets End Higher; Sensex Jumps 504 Points, Nifty Gains 156, FMCG Leads Rally
Apr 17 (BNP): Indian equity markets closed on a strong note on Friday, with benchmark indices posting solid gains, supported by buying across key sectors. The BSE Sensex surged 504 points, while the NSE Nifty advanced 156 points, reflecting positive investor sentiment through the trading session. Gains were led by the FMCG sector, which rose around 2.65 per cent, emerging as the top performer. The…
Rasa Silver Enters Vijayawada, Bringing India’s Most Expansive Silver Jewellery Experience to Andhra Pradesh
Vijayawada, Apr 17: Rasa Silver Jewels, the Bengaluru-born brand redefining what silver can be, has arrived in Vijayawada, marking a significant moment for a city where jewellery is deeply tied to identity, tradition, and personal expression. The store brings a story of the full Rasa universe with over 15,000 designs that span the breadth of a woman’s life—the bridal set she has imagined for years,…
India to Continue Russian Oil and LPG Imports After US Waiver Ends
Apr 17 (BNP): India will continue importing Russian crude oil and liquefied petroleum gas (LPG) even after the expiry of the 30-day US sanctions waiver on April 11, 2026, officials said, according to a report. Officials noted that India’s energy procurement decisions are based on national interest and supply security. They added that Indian refiners will keep sourcing crude and LPG through compliant and non-sanctioned…
India’s Construction Market to Double by 2034
Apr 17 (BNP): India’s construction sector, valued at around $685 billion in 2025, is projected to grow to $1.2 trillion by 2034, expanding at a CAGR of 6.9 per cent, driven by sustained infrastructure investment and urban development, according to a report released on Friday. The report by Savills India and Hotelivate said demand for office spaces remains strong, supported by the expansion of Global…
India Plans 100 GW Nuclear Power Capacity by 2047: CEA Chairperson
Apr 17 (BNP): India is planning a major expansion of its nuclear energy capacity, targeting an increase from the current 8.8 GW to 100 GW by 2047, according to the Chairperson of the Central Electricity Authority (CEA). The roadmap is part of the country’s long-term strategy to strengthen clean energy sources and reduce dependence on fossil fuels. Nuclear power is expected to play a key…
India Attracting Global Capital with Dollar 4.4 Trillion Market Cap
Apr 17 (BNP): India is increasingly being recognised as a stable destination for global investment, supported by a market capitalisation of around $4.4 trillion, according to Tuhin Kanta Pandey. He said the country’s equity markets continue to show resilience, backed by steady economic fundamentals and long-term growth potential. This is helping strengthen investor confidence in India as a reliable capital market. Pandey added that India’s…
India’s Sugar Output Expected to Rise 8 pc to 274.8 Lakh Tonnes in 2025-26: ISMA
Apr 17 (BNP): sugar production is projected to increase by around 8 per cent to 274.8 lakh tonnes in the 2025-26 season, according to the Indian Sugar & Bio-energy Manufacturers Association (ISMA). The industry body attributed the expected rise to improved production prospects compared to the previous season, supported by stable sugarcane availability across major producing states. ISMA said the overall outlook for the sector…
Oil Prices Drop as Trump Signals Possible Iran Agreement
Apr 17 (BNP): Crude oil prices fell more than 2 per cent in futures trade on Friday, as easing geopolitical tensions and expectations of a possible US-Iran agreement reduced concerns over global supply disruptions. On the Multi Commodity Exchange, crude oil futures for May delivery declined by ₹180, or 2.1 per cent, to ₹8,396 per barrel. Market sentiment turned weaker following indications of progress toward…