New Delhi, May 5 (BNP): India has emerged as the most resilient large emerging market economy since 2020, supported by strong macroeconomic fundamentals and substantial foreign exchange reserves, according to Moody’s Ratings. In its latest report on emerging markets, Moody’s noted that India’s sizeable forex reserves have helped curb currency volatility and strengthen investor confidence during periods of global uncertainty and economic shocks. The rating agency…
“Welcomhotel by ITC Hotels, Richmond Road, Bengaluru marks Mother’s Day with a Thoughtful Dining Offering”
Bengaluru, May 5: WelcomHotel by ITC Hotels Richmond Road Bengaluru invites guests to celebrate Mother’s Day with a thoughtfully curated dining experience across its signature outlets, Welcomcafe Jacaranda and Mahjong Room. On May 10, mothers dining at either venue will be treated to a complimentary beverage and dessert, adding a special touch to the celebration. The offer is available with the dinner buffet at Welcomcafe…
Retired WVU Statler College Faculty Member Establishes Chair and Professor Positions with $3M Gift
A retired faculty leader at the West Virginia University Benjamin M. Statler College of Engineering and Mineral Resources is honoring his family’s academic legacy with generous planned gifts to advance education, discovery and service. Syd Peng, of Fremont, California, pledged $3 million in his will to establish endowed chair and professor positions at the WVU Statler College. His gifts reflect a devotion to WVU that…
Odisha CM Mohan Charan Majhi Begins 3 Day Gujarat Visit to Boost Investment Ties
Bhubaneswar / Gujarat, May 5 (BNP): Odisha Chief Minister Mohan Charan Majhi has commenced a three-day official visit to Gujarat, covering four major cities from May 5 to May 7, as part of efforts to enhance industrial cooperation and attract new investments to the state. The visit is aimed at strengthening Odisha’s engagement with Gujarat’s well-established manufacturing ecosystem and exploring new opportunities across key sectors.…
India’s LPG Consumption Drops 16 pc in April Amid West Asia Supply Disruptions
May 5 (BNP): India’s liquefied petroleum gas (LPG) consumption declined sharply by 16% in April, as supply disruptions linked to escalating tensions in West Asia affected availability across both domestic and commercial segments. According to official data, the fall in consumption reflects the impact of constrained supplies in global energy markets, which have been under pressure due to ongoing geopolitical conflict in the region. The…
Net Direct Tax Collections Rise 5.1 pc in FY26; Refunds See Marginal Decline
New Delhi, May 5 (BNP): India’s net direct tax collections recorded steady growth in FY26, rising 5.12% year-on-year to ₹23.40 lakh crore, compared with ₹22.26 lakh crore in the previous financial year. The increase reflects combined collections from corporate and non-corporate taxes, indicating continued expansion in the tax base despite challenging global and domestic economic conditions. During the same period, tax refund outgo declined slightly…
Rupee Falls 20 Paise to 95.43 Against US Dollar Amid Gulf Tensions and High Oil Prices
New Delhi, May 5 (BNP): Indian rupee weakened in early trade on Tuesday, falling 20 paise to 95.43 against the US dollar amid heightened global risk sentiment. Currency traders attributed the decline to renewed geopolitical tensions following fresh military exchanges between the United States and Iran in the Gulf region. The developments have triggered risk aversion in global markets, prompting investors to move toward safe-haven…
Piyush Goyal Reviews FTA Progress, Charts Strategy to Boost India’s Exports
New Delhi, May 5 (BNP): Union Minister of Commerce and Industry Piyush Goyal chaired a high-level review meeting with senior officials to assess the progress of India’s ongoing Free Trade Agreement (FTA) negotiations and to chart a strengthened export strategy. Held a review meeting with key officers and chief negotiators to assess the progress of India’s Free Trade Agreements. Discussed ways to encourage more businesses…
Muthoot Exim Opens 103rd Muthoot Gold Point Branch in Sholinganallur
Sholinganallur: Muthoot Exim (P) Ltd., the precious metals division of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre at the Muthoot Gold Point, Shop No G-18, Ground Floor, Kalaignar Karunanidhi Salai, Sholinganallur, Chennai, Tamil Nadu- 600119. This marks the 103rd branch in India and 16th in Tamil Nadu. The new Gold Point Centre aims to make transparent, scientific and responsible gold recycling more accessible to customers in and around Sholinganallur. The Sholinganallur Gold Point Centre will allow customers to sell…
Auto Demand Cycle Expected to Stay Strong Through CY26, Says Report
New Delhi, May 5 (BNP): India’s automobile sector is expected to maintain its growth momentum over the next two to three quarters, with strong demand likely to persist through calendar year 2026, according to a report by Antique Stock Broking. The industry has entered FY27 on a positive note, recording healthy volume growth across segments such as passenger vehicles, commercial vehicles, two-wheelers, tractors, and electric vehicles.…