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…
BULLET microdrama app crosses 10 million downloads on Google PlayStore
Apr 17: BULLET microdrama app has crossed 10 million downloads on the Google Play Store, marking a key moment in its growth as the platform continues to see rising user adoption. The milestone reflects BULLET’s expanding presence in India’s digital entertainment space, supported by its focus on short-form, engaging content. Driven by its focus on snackable, high-impact storytelling, BULLET microdrama app has been steadily building strong…
ABHFL Secures INR 2,750 Crore Investment from Indriya in Stake Deal
Apr 17 (BNP): Aditya Birla Capital has announced that its housing finance subsidiary, Aditya Birla Housing Finance Ltd (ABHFL), has raised ₹2,750 crore through the sale of a 14.29 per cent stake to Indriya Ltd, an entity associated with private equity firm Advent International. In a regulatory filing, the company said that following the transaction, ABHFL is no longer a wholly owned subsidiary of Aditya…
Asit Tripathy Elected First President of Odisha Steel Producers’ Association
Bhubaneswar, Apr 17 (BNP): Former Odisha Chief Secretary Asit Tripathy has been elected as the first president of the newly formed Odisha Steel Producers’ Association (OSPA), which brings together leading steel companies operating in the state. Tripathy, currently serving as an advisor at Jindal Steel, brings extensive experience in governance, public policy, and industrial development to the role. His appointment is seen as an effort…
India’s logistics sector poised for rapid expansion on the back of infrastructure and digital reforms
Apr 17 (BNP): India’s logistics industry is expected to witness strong, sustained growth over the coming decade, with estimates placing its value at around $800 billion by 2030 and close to ₹120 trillion by 2035. The expansion is being driven by large-scale infrastructure development, policy reforms, and increasing digital adoption across supply chains. A key factor behind this growth is the ongoing capital investment push in…
In Her Footsteps: Spotlight on the Great Women in the Himalayas
Global cultural initiative honours Alexandra David-Neel while re-framing history through the voices of women across the Himalayan region India, Apr 17: The Embassy of France in India and the French Institute in India, in collaboration with the Namgyal Institute of Tibetology, Gangtok, organised a landmark cultural initiative presenting an exhibition titled “Alexandra David-Neel in Sikkim: A Journey into Buddhism (1912–1916)”, alongside an international…
Strong Credit Momentum in FY26, Deposit Growth Also Rises: RBI
Apr 17 (BNP): Bank lending in India picked up strong momentum in FY26, with credit expanding by 16.08% year-on-year, marking its fastest growth since FY24, when growth had crossed 20%, according to Reserve Bank of India (RBI) data. Deposits also showed healthy traction, rising 13.47% YoY—its strongest pace in the same period. Total bank credit stood at ₹213.61 trillion, while deposits reached ₹262.30 trillion. In…
Suzuki Motorcycle India Concludes Suzuki Matsuri in Mumbai, Creating Four Records in India and Asia Book of Records
Mumbai, April 17: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, successfully concluded the Mumbai edition of its flagship motorcycling festival, Suzuki Matsuri, at Mulund in Mumbai. The celebration not only brought together nearly 4,000 two-wheeler riders & enthusiasts but also created history by setting four records recognised by the India Book of Records (IBR) and Asia Book of…
India Advancing Green Hydrogen and Nuclear Energy to Boost Clean Power Capacity
New Delhi, Apr 17 (BNP): India is steadily strengthening its position in the global clean energy transition through a combination of policy support, technological development, and industry participation, Union Minister Jitendra Singh said on Thursday. Addressing the World Hydrogen Energy Summit alongside the World Petrocoal Congress in New Delhi, he said India is pursuing a balanced energy strategy that integrates sustainability with energy security, while…
India’s Global GDP Share Likely to Reach 7pc by 2050, Says McKinsey
New Delhi, Apr 17 (BNP): India’s share of the global economy is projected to grow steadily over the long term, reaching around 7% by 2050, according to a report by McKinsey & Company. The report attributes this expected rise to a combination of factors, including strong domestic demand, ongoing structural changes in the economy, and the expanding role of private capital and alternative investment markets.…