Gold Futures Decline to INR 1.50 Lakh on Global Cues
New Delhi, May 4 (BNP): Gold prices declined in futures trade on Monday, tracking weak global cues as a stronger US dollar and rising crude oil prices weighed on bullion demand. On the Multi Commodity Exchange (MCX), gold futures for June delivery…
Wood Mackenzie: Southeast Asia’s new wave of deepwater gas projects
Singapore, May 04: Wood Mackenzie has highlighted the emergence of a critical second wave of deepwater gas developments across Southeast Asia, targeting an estimated 28 trillion cubic feet of resources in Indonesia, Malaysia, and Brunei. According to the…
India’s Remittances Remain Resilient Amid West Asia Tensions, Says Morgan Stanley
New Delhi, May 4 (BNP): India’s remittance inflows continue to remain strong despite ongoing geopolitical tensions in West Asia, although policymakers may need to focus on supporting the reintegration of returning workers into the domestic economy,…
Domestic Capital Fuels 37 pc Jump in India Real Estate Investments: Report
New Delhi, May 4 (BNP): India’s real estate sector recorded a strong uptick in investment activity during the January–March period, with total inflows rising 37 percent year-on-year, according to a report by JLL India. The growth was…
India Manufacturing Shows Resilience as PMI Edges Up to 54.7
New Delhi, May 4 (BNP): India’s manufacturing sector saw a slight improvement in activity during April, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 54.7 from 53.9 in March, according to a private survey. The…
Mittal–Poonawalla Consortium Buys Stake in Rajasthan Royals in INR 15,660 Crore Deal!
New Delhi,May 4 (BNP): In a major development in the Indian Premier League, UK-based Indian billionaire Lakshmi Mittal and Adar Poonawalla have acquired a significant stake in Rajasthan Royals (RR) through a consortium deal valued at approximately…
Ather Energy Posts Improved Q4 Results, Loss Narrows Significantly
Mumbai, May 4 (BNP): Ather Energy has reported a sharp improvement in its financial performance for the January–March quarter, with net loss narrowing by 57 percent year-on-year. The company posted a net loss of ₹100.23 crore in the fourth quarter,…
Cyclone Alert? Low Pressure Likely in Bay of Bengal Mid-May; IMD Yet to Confirm
Bhubaneswar, May 4 (BNP): A potential weather system over the Bay of Bengal is drawing attention, with early model projections indicating the possible formation of a low-pressure area during the second week of May. According to preliminary forecasts from…
New Market Segments Launched as NSE Points to Strong Capital Market Growth
May 4 (BNP): The National Stock Exchange (NSE) has introduced two new segments—PaRRVA and EGR—aimed at expanding market participation and improving trading efficiency. Speaking at the launch, the NSE Chairman highlighted the resilience of…
India’s LPG Shipment Clears Strategic Strait, Heads to Visakhapatnam Port
Visakhapatnam, May 4 (BNP): An LPG tanker carrying cargo destined for India has safely navigated the Strait of Hormuz and is currently en route to Visakhapatnam, according to official sources. The movement of the vessel comes at a time of heightened…