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…
Dubai real estate sales hit AED48B in April
Market shows more resilience as monthly sales transactions lift to almost 14,000 Dubai, UAE, May 4: The Dubai real estate market showed continued resilience in April, recording 13,977 sales transactions worth AED48 billion. A market update issued today by fäm Properties showed that activity strengthened month-on-month, with sales volume rising 3.5% compared to March, while total sales value increased by 10.7%. The strongest growth came in…
Raj Pavilion Hosts Elegant Mother’s Day Celebration at ITC Windsor
This Mother’s Day, celebrate the women who make life beautiful with an experience that’s as elegant and heartfelt as they are, at Raj Pavilion, nestled within the timeless charm of ITC Windsor. Bathed in natural light and inspired by the iconic Lalbagh conservatory, Raj Pavilion with its soaring glass ceilings and serene, sunlit ambience sets the perfect stage for a celebration filled with warmth, laughter,…
NMDC Revved Up FY27 With a 16 percent Growth
Hyderabad, 3 May 2026: Mining powerhouse, NMDC produced 46.4 lakh tonnes and sold 36.8 lakh tonnes of iron ore in April 2026. The largest iron ore miner in the country has recorded a 16% growth in production in the first month of FY27 over the corresponding period last year. Riding on its best-ever mining performance at the Bailadila iron ore projects, production in April 2026…
Eastern Coalfields Limited Celebrates Labour Day
Sanctoria, May 03, 2026: Labour Day was celebrated at the headquarters of Eastern Coalfields Limited (ECL) on May 01, 2026. The objective of the event was to recognize the contribution of workers and to raise awareness about their rights. The program commenced with a heartfelt tribute to workers at the Shaheed Smarak located at the headquarters, where all present paid homage to the martyrdom of…