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  • Indian Railways Records Sharp Safety Gains, Accidents Fall 89 pc in 10 Years

    Apr 16 (BNP): Prime Minister Narendra Modi on Thursday highlighted the significant transformation of Indian Railways, noting that sustained reforms and technology-led upgrades have strengthened the system and improved safety standards.

    Sharing an article by Railway Minister Ashwini Vaishnaw, the Prime Minister emphasized that safety has remained a core priority, supported by policy changes, modern technology adoption, and consistent funding over the past decade.

    According to the article, Indian Railways has undergone a major safety overhaul since 2014–15. Train accidents have declined from 135 incidents in 2014–15 to 16 in 2025–26, marking an 89% reduction, even as passenger traffic and train operations have increased significantly.

    The consequential accident index, which measures accidents per unit of train running distance, has also improved sharply—from 0.11 to 0.01—reflecting a much safer operational system.

    Fatalities have similarly reduced over the period, with rail accident-related deaths falling from 292 in 2014–15 to 16 in 2025–26.

    The government said the improvements reflect a broader shift toward a technology-driven safety ecosystem aimed at enhancing reliability and public trust in one of the world’s largest railway networks.

  • Iranian Oil Tanker with 2 Million Barrels Arrives Near Gujarat Without Buyer

    New Delhi/Gujarat, April 16(BNP): In a curious development amid ongoing US restrictions on Iran’s oil exports, an Iranian tanker carrying an estimated 2 million barrels of crude oil arrived near the Gujarat coast on Tuesday without a declared buyer or destination.

    According to ship-tracking data and industry sources, the vessel appeared unannounced, raising questions over its intended offloading and potential buyers.

    The development comes even as India has recently resumed limited procurement of Iranian crude following a US sanctions waiver issued last month, which permitted the sale of oil that had already been loaded on tankers prior to the specified cut-off date.

    However, sources indicated that Indian refiners are unlikely to lift the cargo from this particular tanker, as it is believed to have been loaded after the waiver deadline, making it ineligible under the relaxed sanctions framework.

    The situation underscores the complexities of global oil trade amid geopolitical tensions and regulatory restrictions, with uncertainty continuing over the tanker’s final destination.

  • Scaler Goes AI Native, Rebuilds Programs to Bridge Industry Skill Gap

    Apr 16 (BNP): Bengaluru-based Scaler has become India’s first fully AI-native technology career platform, redesigning its entire learning ecosystem around artificial intelligence.

    The platform has rebuilt its curriculum, projects, and hiring preparation modules to focus on hands-on AI skills rather than tool-based or theoretical learning.

    The move follows a joint study with CyberMedia Research, which found that while 89% of engineers believe they are AI-ready, only 19% are actually working on AI systems, highlighting a major capability gap in the industry.

    Scaler said the transformation is aimed at addressing this gap by working closely with over 1,200 companies, which reported a shortage of engineers with real-world AI development experience.

    The initiative is designed to better align learning outcomes with industry needs in an increasingly AI-driven job market.

  • New Study Ranks Hawaiian Monk Seal As Marine Mammal Most at Risk of Extinction from Plastic Pollution

    3 in 4 Marine Mammals Most at Risk from Plastic Pollution Already Recognized as Vulnerable, Endangered or Critically Endangered

    WASHINGTON (Apr 16) – A new study released in Conservation Biology today and co-authored by scientists at Ocean Conservancy, Arizona State University and Shaw Institute is the first to rank marine mammals based on their vulnerability to macroplastic pollution (any plastic piece larger than 5mm, roughly the width of a pencil eraser). 

    The study, A global ranking of the relative vulnerability of marine mammals to macroplastic pollution, found that Hawaiian monk seals, African manatees, Australian sea lions, vaquita porpoises, and Mediterranean monk seals are the five marine mammals most at risk of population declines from plastics ingestion or entanglement. When the results are assessed at the level of order instead of individual species, sirenians, which include manatees and dugongs, are the most vulnerable to plastic pollution.

    The International Union for Conservation of Nature (IUCN) classifies 125 species as marine mammals, of which 8 were excluded from the study because they live primarily in freshwater habitats (like hippopotamuses) or live most of their life on land (like polar bears). Of the 117 marine mammals evaluated, more than 1 in 3 are red-listed as vulnerable, endangered, or critically endangered according to the IUCN; and of the 22 marine mammals in the highest-risk group, 17 are vulnerable, endangered, or critically endangered. 

    “All marine mammals are affected by plastic pollution, but we wanted to understand: which ones should we be most worried about? Which populations are most at risk?” said Dr. Erin Murphy, Ocean Conservancy’s manager of ocean plastic research and co-author of the study. “Knowing the answer to these questions can guide our efforts and add urgency where it’s needed most.”

    To get their results, the researchers scored species according to 11 different traits reflecting the animals’ likelihood of exposure, relative sensitivity to plastics, and population resilience (the ability to bounce back from stressors); then ranked their vulnerability as high, medium-high, medium, medium-low and low. 

    The following specific species across mammal types and geographies landed on the highest risk list:

    Hawaiian monk seal 
    African manatee 
    Australian sea lion
    Vaquita (porpoise) 
    Mediterranean monk seal
    West Indian (Florida) manatee 
    Indo-Pacific bottlenose dolphin
    Sei whale 
    North Atlantic right whale
    Hector’s dolphin
    Indo-Pacific humpback dolphin
    Dugong 
    Gray whale 
    North Pacific right whale
    Irrawaddy dolphin
    Atlantic spotted dolphin
    Atlantic humpback dolphin
    Risso’s dolphin 
    Common bottlenose dolphin
    Baird’s beaked whale 
    Arnoux’s beaked whale
    Indo-Pacific finless porpoise

    “It is not surprising that Hawaiian monk seals emerged at the top of this list because they are curious fish-eaters that have been found tangled in fishing gear,” said Murphy. “They also have a small population located near the Great Pacific Garbage Patch, exposing them to a lot of plastic. Local organizations have been conducting targeted debris removal programs to help protect the Hawaiian monk seal, and studies have shown that this has helped the population rebound. This gives us a lot of hope for how to protect the species at the top of the list.”

    Murphy, alongside Ocean Conservancy colleagues Dr. Britta Baechler and Nicholas Mallos, co-authored a complementary study published in November 2025 that quantified the extent to which a range of plastic types result in the death of seabirds, sea turtles, and marine mammals that consume them. Drawing on data from more than 10,000 necropsies, or animal autopsies, the study found that even relatively small amounts of plastics can be deadly when ingested: ingesting less than a sixth of a soccer ball’s worth of plastics kills one in two harbor porpoises, the smallest of marine mammal species. Out of approximately 7,000 marine mammals in the study that had plastics in their guts at their time of death, 72% had consumed fishing debris, 10% soft plastics, 5% rubber, 3% hard plastics, 2% foam, and 0.7% synthetic cloth.

    “You can’t fix a problem you don’t understand and that’s why Ocean Conservancy is committed to not only solving the ocean plastics crisis through prevention and cleanup but also advancing research,” said Dr. Britta Baechler, Ocean Conservancy’s director of ocean plastics research. “And it’s been energizing to see the impact our research has made, from inspiring volunteers to influencing policymakers to take action.”

    An estimated 11 million metric tons of plastics enter the ocean each year, the equivalent of one garbage truck’s worth every minute. In addition to conducting original plastics research, Ocean Conservancy advocates for solutions to plastic pollution that prevent it from reaching beaches and waterways in the first place. Ocean Conservancy has advocated for policies at the local, state, federal and international levels such as California’s SB54, Florida’s balloon release ban, the Farewell to Foam Act, the UN Plastics Treaty and more. Ocean Conservancy is also home to the International Coastal Cleanup® – the largest single day beach and waterway cleanup in the world, mobilizing hundreds of thousands of volunteers annually to remove millions of pounds of trash – and the Global Ghost Gear Initiative™, the largest international alliance dedicated to solving the issue of lost or abandoned fishing gear, also known as ghost gear, which is pound for pound the deadliest form of plastic pollution to marine life.

         

     
  • Empowering Young Minds: Target Learning Ventures Hosts Successful Financial Literacy Webinar

     

    Mumbai, Apr 16: Target Learning Ventures Pvt. Ltd., a leading educational resource provider and trusted publishing house, successfully hosted an insightful webinar titled “Empowering the Next Generation: Early Financial Literacy and Responsibility.” The session was led by Dr. Hema Bhadawkar, Associate Professor at Somaiya Vidyavihar University, who provided parents and educators with a strategic roadmap for introducing financial concepts to children at the early age.

    The hour-long session delved into the psychology of spending and saving, emphasizing the importance of identifying the optimal age to introduce financial concepts. Dr. Bhadawkar shared actionable methods for both home and classroom environments, moving beyond mere “math” to instil a sense of responsibility and delayed gratification in children. She also discussed how to empower children to make independent, informed choices in a digital-first economy.

    During the interactive segment, Dr. Bhadawkar engaged the audience by reflecting on how generational shifts have changed how children perceive value. While previous generations learned through physical currency, today’s children often observe “invisible” digital transactions, making intentional instruction more vital than ever.

    Dr. Hema Bhadawkar, Associate Professor, Somaiya Vidyavihar University, said,

    “I am honored to have collaborated with Target Learning Ventures to highlight on such a crucial life skill. In our rapidly evolving digital landscape, financial literacy is no longer an elective—it is a necessity. It was a privilege to engage with such a proactive group of parents and educators who recognize that teaching a child the value of a rupee today builds the foundation for their independence tomorrow.”

    Dilip Gangaramani, Founder Director & CEO, Target Learning Ventures Pvt. Ltd, said,

    “At Target Learning Ventures, we believe in equipping children with not just academic knowledge but life skills that prepare them for the future. This webinar on financial literacy is part of our ongoing commitment to bridging the gap between traditional education and real-world challenges. Dr. Bhadawkar’s insights on how to make financial concepts engaging for young minds will have a lasting impact, and we are proud to be a part of this important journey toward building financially responsible individuals.”

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  • Stock Markets End Lower as Profit Booking Hits Financial Shares

    Apr 16 (BNP): Indian equity markets ended lower on Thursday after a volatile trading session, as investors booked profits in banking and financial stocks following a recent rally.

    The Sensex closed 122.56 points, or 0.16%, lower at 77,988.68. During the day, the index swung sharply, touching an intraday high of 78,730.32 before slipping to a low of 77,674.93, reflecting strong volatility.

    Similarly, the Nifty 50 declined 34.55 points, or 0.14%, to close at 24,196.75, as selling pressure emerged at higher levels.

    Market participants said the fall was mainly driven by profit-taking after recent gains, particularly in banking and financial stocks, while broader sentiment remained cautious amid global cues.

  • India’s 10-Year Bond Yield May Dip Below 7 pc by June: Report

    Apr 16 (BNP): India’s benchmark 10-year government bond yield may ease below the 7% level by June, although short-term volatility is likely to continue due to global and domestic economic factors, according to a report.

    India’s 10-Year Bond Yield May Dip Below 7 pc by June: Report

     The report notes that bond yields saw sharp fluctuations in March, mainly driven by rising crude oil prices and geopolitical tensions, which pushed yields to their highest level in the current financial year.

    However, easing inflation pressures, adequate liquidity in the financial system, and expectations around policy stability are expected to support bond market conditions in the coming months.

    On the macroeconomic front, India’s GDP growth is projected at around 7.1% for the current fiscal year, supported by strong domestic consumption and steady investment activity. Export performance is also expected to benefit from lower tariffs, although global trade disruptions and slower world growth could weigh on momentum.

    The report also highlights that government efforts to manage retail fuel prices may help support household consumption. Inflation is projected to average around 4.5% in FY27, while comfortable liquidity conditions are expected to provide additional stability to financial markets.

  • MF Bharat App to Expand Mutual Fund Access for Gig Workers in Smaller Cities

    Apr 16 (BNP): MF Bharat, the mutual fund investment platform operated by iPrudent (formerly Prudent Asset India Pvt Ltd), has announced a new initiative aimed at improving financial inclusion among gig workers and investors in Tier 2 and Tier 3 cities.

    The programme seeks to simplify access to mutual fund investments through digital tools, making it easier for first-time and underserved investors to participate in wealth creation opportunities.

    The initiative is expected to particularly benefit gig economy workers by offering a more accessible and user-friendly investment experience, helping them build long-term financial stability.

    Company officials said the platform is focused on expanding awareness and participation in mutual funds beyond major urban centres, contributing to broader financial inclusion across India.

  • Equity Mutual Fund AUM Rises 17pc in March on Sustained Investor Inflows

    Apr 16(BNP): India’s equity-oriented mutual funds registered a strong 17.38% year-on-year increase in average assets under management (AUM) in March, driven by consistent and diversified investor inflows across multiple fund categories.

    The growth was largely supported by strong participation in flexi-cap, mid-cap, and thematic funds, indicating that investors are increasingly looking beyond large-cap exposure and showing a stronger appetite for diversified equity strategies with higher growth potential.

    Market observers note that the steady inflows reflect continued confidence among both retail and institutional investors, even amid periodic market volatility and global uncertainties. The sustained investment trend also highlights the deepening participation of domestic investors in equity markets.

    Experts further point out that improved market sentiment, coupled with disciplined monthly inflows through systematic investment plans (SIPs), has played a key role in supporting AUM growth. This trend underscores a shift toward long-term wealth creation rather than short-term trading behaviour.

    Overall, the rise in AUM signals strengthening investor engagement in equity mutual funds, with diversified fund categories continuing to attract significant capital inflows.

     

    Business News For Profit

  • Mumbai to Conduct Tree Census After 8 Years

    Apr 16 (BNP): Mumbai is set to begin a fresh tree census next week, ending an eight-year gap since the last comprehensive count, the Brihanmumbai Municipal Corporation (BMC) has announced.

    The citywide exercise, expected to take nearly 18 months, will map and document trees across different zones, providing an updated picture of Mumbai’s green cover.

    The previous census conducted in 2018 recorded around 33.7 lakh trees, including large green pockets such as Aarey. Officials say the upcoming survey will play a crucial role in tracking changes in tree population, guiding urban development, and strengthening environmental conservation efforts.

    The initiative is also expected to support data-driven decision-making in protecting and expanding the city’s green spaces.