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…
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…