Indian Banks Set to Navigate RBI’s New Credit Loss Norms Smoothly, Says Report
New Delhi, May 7 (BNP): Indian banks are expected to comfortably manage the transition to the Reserve Bank of India’s (RBI) upcoming Expected Credit Loss (ECL) framework, which is scheduled to come into effect from April 1, 2027, according to a…
ROX to Establish One of the Middle East’s First Advanced AI Manufacturing Centres in KEZAD’s KLP 1 Musaffah
The 10,000 sqm facility will begin operations in H2 2026, targeting an annual production capacity of 300,000 vehicles by 2030 and contributing up to 10% to the UAE’s Operation 300Bn initiative Abu Dhabi, United Arab Emirates – 07 May…
AssisTech Foundation (ATF) Unveils ADIDVARA, an AI-Driven ‘Phygital’ Platform for Inclusive Livelihoods
Bengaluru, May 07: AssisTech Foundation (ATF), India’s first and largest ecosystem for Assistive Technology, successfully unveiled ADIDVARA, its pioneering AI–driven “phygital” platform to enable…
Cotton Import Duty Raises Cost Pressures on Textile Industry, Study Flags Competitiveness Concerns
New Delhi: A new industry study has highlighted that India’s current cotton import duty structure could be affecting the global competitiveness of the country’s textile and apparel sector. The report points out that higher input costs for raw…
MRF Reports 30% Surge in FY26 Consolidated Net Profit at Rs 2,426 Crore
Chennai, May 07: MRF Ltd. has announced a strong financial performance for the financial year ended March 31, 2026, reporting robust growth in both revenue and profitability. The company’s consolidated total income rose by approximately 11%…
Markets Open Higher on Global Peace Hopes; Sectoral Trends Mixed
Mumbai, May 7 (BNP): Indian equity markets opened on a positive note on Thursday, supported by improved global sentiment after reports of progress on a possible US-Iran peace framework. In early trade, the BSE Sensex rose nearly 380 points to touch an…
India’s Real Estate Sector Set for Strong Growth as AI Adoption Rises
New Delhi, May 7 (BNP): India’s real estate sector is expected to witness significant expansion over the long term, with its market size projected to reach about USD 5.8 trillion by 2047, according to a joint industry report by FICCI and KPMG.…
Andhra Pradesh to Build Seaweed Economy to Strengthen Coastal Livelihoods and Women’s Empowerment
Amaravati, May 7 (BNP): Andhra Pradesh Chief Minister N. Chandrababu Naidu has directed officials to develop a structured economic model to promote seaweed cultivation as a sustainable livelihood option for coastal communities, with a strong focus…
India Emerging as Key Voice in Shaping Global Economic and Strategic Landscape
New Delhi, May 7 (BNP): India is steadily emerging as a key player in shaping the evolving global economic and strategic landscape as geopolitics, trade, and technology become increasingly interconnected. Experts note that the global economy is…
EPFO, now live on Federal Bank Digital Platforms
Kochi, May 07: Federal Bank has announced the integration of the Employees’ Provident Fund Organisation (EPFO) payment facility into its digital platforms, enabling customers to make EPFO payments securely through the Bank’s Net Banking…