Category: business

New Delhi, Apr 18 (BNP): The Government of India has taken a series of targeted reforms to improve trade facilitation and strengthen the functioning of Norms Committees under the Directorate General of Foreign Trade (DGFT), in line with its broader commitment to Ease of Doing Business for exporters. Pic Credit: Pexel  The reforms aim to…

New Delhi, Apr 18 (BNP): The Government of India has announced that more than 55,200 startups were recognised in FY2025–26, marking the highest annual figure since the launch of the Startup India initiative in 2016. Launched on 16 January 2016, the Startup India programme was designed to build a strong ecosystem for innovation, encourage private investment,…

New Delhi, Apr 18 (BNP): Gold demand in India is expected to remain resilient ahead of Akshaya Tritiya, supported by cultural traditions, shifting consumer preferences, and continued interest in precious metals as a safe-haven asset amid global uncertainty. The outlook comes as gold prices have risen significantly over the past year, with industry estimates indicating…

New Delhi, Apr 18 (BNP): Jefferies has projected a significant expansion in India’s renewable energy capacity, estimating it could reach around 359 GW between FY25 and FY30. The outlook reflects a growing emphasis on energy security, evolving demand patterns, and continued policy support for clean energy development. According to the report, India’s power demand is expected…

New Delhi, Apr 18 (BNP): India and Austria have jointly introduced a bilateral fast-track mechanism aimed at improving investment flows and strengthening economic cooperation between the two countries. The newly launched system is designed to support businesses and investors by providing a structured platform to address challenges, streamline processes, and enhance the overall ease of…

Apr 18 (BNP): Global financial markets saw a strong upswing after tensions between the United States and Iran showed signs of easing, lifting investor confidence across regions. Oil prices declined sharply as fears of supply disruptions eased, particularly around the Strait of Hormuz, a critical route for global crude shipments. The earlier spike in prices, driven…

Apr 17 (BNP): The Indian rupee rose by 25 paise to 92.95 against the US dollar in early trade on Friday, supported by improved domestic market sentiment and easing pressure on the currency. The rupee opened stronger compared to its previous close of 93.20, aided by positive cues from equity markets and expectations of easing…

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…

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,…

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…