Category: business

May 8 (BNP): Gold and silver prices traded higher on Friday, gaining up to 1 per cent in domestic and international markets, as renewed geopolitical tensions between the United States and Iran boosted demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) opened at ₹1,52,672 per 10 grams, slightly…

May 8 (BNP): India’s mining industry is entering a new phase of transformation, often referred to as “Mining 5.0,” with a strong emphasis on digital technologies, automation, and artificial intelligence, according to a Deloitte–ICC report. The report highlights that the sector is increasingly adopting integrated digital systems to improve efficiency, safety, and productivity across mining…

May 8 (BNP): The Indian rupee weakened on Friday, slipping 25 paise to close at 94.47 (provisional) against the US dollar, after posting gains in the previous two trading sessions. The decline came as fresh geopolitical tensions between the United States and Iran weighed on investor sentiment. Forex market participants said concerns intensified after reports…

May 8 (BNP): A rise in LPG prices along with a sharp increase in tomato rates led to higher costs for both vegetarian and non-vegetarian thalis in April, according to a Crisil report. The report observed that household food expenses were impacted by costlier cooking gas and seasonal spikes in vegetable prices, particularly tomatoes. These…

May 8 (BNP): A United Nations expert panel has called on countries to adopt broader ways of measuring national progress, arguing that Gross Domestic Product (GDP) alone does not fully reflect people’s well-being or long-term development. According to the panel, while GDP remains an important indicator of economic activity, it often overlooks key aspects such…

SINGAPORE, May 08  - Neat, the pioneering video technology company, today announced the appointment of Javed Khan as Chief Executive Officer (CEO). Khan, a seasoned technology executive with a proven track record in AI-driven transformation, takes the helm as the company gears up for global expansion. The appointment of Khan signals Neat’s commitment to deeper investments in artificial…

May 8 (BNP): India and the European Union have moved closer to a landmark economic partnership with the conclusion of a wide-ranging Free Trade Agreement (FTA) that officials describe as one of the most comprehensive trade deals ever negotiated. Speaking at an industry event in New Delhi, senior Commerce Ministry officials highlighted the scale of…

May 8 (BNP): India’s microfinance sector is showing signs of recovery, with the overall portfolio increasing to Rs 3.31 lakh crore in the latest quarter, according to a recent industry report. The sector recorded a 3.2 per cent quarter-on-quarter growth, reflecting improving lending activity and gradual stabilization in borrower demand. The rebound indicates renewed momentum…

May 8 (BNP): Saudi Arabia’s tourism sector continues to gain momentum, with the country emerging as one of the fastest-growing travel destinations globally. Fresh insights from the World Travel & Tourism Council (WTTC) highlight the Kingdom’s rising influence in the global tourism industry, supported by a sharp increase in domestic travel and ongoing investments in…

May 8 (BNP): Indian equity markets closed lower on Friday as rising crude oil prices and escalating geopolitical tensions triggered caution among investors. Benchmark indices Sensex and Nifty slipped amid fears that surging energy costs could increase inflationary pressure and impact global economic growth. Brent crude prices crossed the USD 100 per barrel mark after…