Category: Business

  • Oil prices drop, global markets rally on easing US-Iran tensions

    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 by geopolitical uncertainty, began to reverse as stability returned to the region.

    Equity markets responded positively to the development. Major indices in the United States recorded notable gains, with technology and consumer sectors leading the rally. Lower oil prices also raised expectations of reduced inflationary pressure, further supporting market sentiment.

    European and Asian markets followed the upward trend, reflecting a broader sense of relief among investors. Sectors sensitive to fuel costs, such as aviation and logistics, performed well, while energy stocks came under pressure due to falling crude prices.

    Despite the optimism, market participants remain watchful. The sustainability of the current rally depends on how long the geopolitical calm holds, as any renewed tensions could quickly impact oil prices and global equities.

  • FLO Hyderabad presents “Unscripted: Life, Legacy & Reinvention” Featuring Neena Gupta and Masaba Gupta

    FLO Hyderabad presents “Unscripted: Life, Legacy & Reinvention” Featuring Neena Gupta and Masaba Gupta

     

     Women’s Reservation Bill Marks a Defining Moment—Leadership Begins Here.  The Next MP or MLA could already be in this room” — Seetha Reddy, Chairperson, FLO 

    Hyderabad | Apr 18: FICCI Ladies Organisation (FLO) Hyderabad, under the leadership of Chairperson Seetha Reddy, hosted “Unscripted: Life, Legacy & Reinvention” at ITC Kohenur on Friday evening, bringing together acclaimed actor Neena Gupta and celebrated designer-entrepreneur Masaba Gupta for an engaging and candid conversation on resilience, reinvention, and individuality.

    Delivering her welcome address, Seetha Reddy said: “As we step into this milestone 25th year of FLO Hyderabad, it is a moment of both reflection and renewed purpose. ‘Unscripted’ is not just a conversation—it is a reminder that every woman’s journey is unique, evolving, and powerful. Through platforms like these, we hope to inspire women to embrace their own narratives with confidence, to step forward, be heard, and lead. Because real change happens when every voice matters—and when every voice rises together.”

    She further added, “This is truly a defining moment for all of us as women. I would also like to acknowledge the importance of the Women’s Reservation Bill. If the bill passed,  it is only a matter of time before we see familiar FLO faces stepping into leadership roles—perhaps the next MP or MLA is already in this room.”

    The mother-daughter duo was in conversation with Seetha Reddy. Opening the session, Masaba Gupta reflected on carving her own path, saying that while being the daughter of accomplished parents could have been pressurising in fields like sports or acting, she never felt that burden in fashion. “I experienced it as a positive pressure,” she noted.

    Neena Gupta, in her candid and characteristic style, shared her life philosophy: “Kaam maangne mein sharam nahi honi chahiye (one should never hesitate to seek work), but paise maangne mein sharam honi chahiye (one must be mindful when asking for money). Work is worship. If you work hard, there is no time for depression. No work is small. If you are educated and willing to work, you will never go hungry.”

    She further added, “There is no point in being shy. Sell your expertise. Be honest with yourself, but you don’t need to display everything outwardly. Make the most of what you have.”

    Reflecting on her career, Neena Gupta shared that she experienced true success at the age of 60 with her role in Badhaai Ho. “That film brought me recognition and renewed appreciation. Suddenly, I was seen differently. Success changes perceptions,” she said with her trademark humour, adding that she became more selective with roles after that phase.

    Masaba Gupta, speaking about entrepreneurship, highlighted the importance of instinct and decision-making. “If I had learned to say ‘no’ earlier, I might have been a better entrepreneur. It’s difficult, but necessary. I am not driven by trends or the market—I follow my gut and aim to set trends,” she said.

    She also shared a lighter personal note: “For my mother and me, jewellery shopping is therapeutic—it’s a joyful space.” She added that both jewellery and beauty ventures are extensions of her creative expression.

    Addressing the realities of entrepreneurship, Masaba noted, “The founder’s journey is inherently lonely. Decision-making is often solitary. But success or failure is never final—what matters is to keep going and not give up.”

    On financial prudence, Neena Gupta remarked, “I am an FD (Fixed Deposit) person. I have always taken a cautious approach to money. Whether in failure or success, I never had the luxury of dwelling in depression.”

    In her closing message, Neena encouraged the audience to pursue passion: “Have a shauk (deep desire), and you can achieve anything.”

    Masaba concluded with a practical insight: “In life, you don’t always get what you deserve—you get what you negotiate.”

    The session, part of FLO Hyderabad’s landmark 25th-year celebrations, explored personal journeys shaped by courage, authenticity, and reinvention across life stages. The conversation offered valuable insights into navigating challenges, embracing change, and building meaningful legacies.

    The event also set the tone for FLO Hyderabad’s Silver Jubilee year, reflecting on 25 years of empowering women through leadership, entrepreneurship, and social impact. Over the years, the chapter has driven significant transformation—supporting women-led enterprises, enabling artisanal clusters to generate over INR 1 crore in sales, impacting more than 600 weavers and artisans, and nurturing over 900 women entrepreneurs.

    Seetha Reddy further emphasised that FLO Hyderabad’s journey has been built on vision and collective effort. Key initiatives include the FLO Industrial Park spanning over 50 acres, generating more than 1,500 jobs and attracting investments exceeding INR 250 crore; digital skilling and financial literacy programs reaching over 50,000 women; and sustained artisan support impacting thousands across urban and rural communities.

    In its 25th year, FLO Hyderabad will focus on promoting Banjara needlecraft, supporting its evolution through design innovation and enhanced market access.

    The event also marked the launch of an exciting annual calendar, including entrepreneurship bootcamps, youth engagement initiatives, financial literacy programs, and flagship platforms such as StyleTatva, which celebrates women-led businesses and creative enterprises.

    With “Unscripted,” FLO Hyderabad reaffirmed its commitment to creating platforms where stories are shared, voices amplified, and women empowered to lead with purpose.

     


  • Radisson Hotel Group Marks Earth Day 2026 with Strong Sustainability Initiatives Across India

    April 17 (BNP): Radisson Hotel Group reaffirmed its commitment to sustainable growth and responsible tourism this Earth Day, with a series of impactful initiatives across its hotels in India. As the Group expands its footprint, particularly in Tier 2 and Tier 3 cities, it continues to prioritise environmental stewardship alongside business growth.

    Amid rising travel demand and increasing concerns around overtourism, the hospitality sector faces growing pressure on natural ecosystems and local communities. In response, Radisson Hotel Group is advancing sustainability through energy efficiency, resource conservation, community engagement, and eco-conscious guest experiences.

    Driving Action Across Key Properties

    Radisson Resort & Spa Lonavala: Immersive Sustainability & Community Engagement
    The resort is celebrating Earth Day with a range of initiatives designed to engage guests and local communities. Activities include guided nature walks and eco-trails to promote awareness of biodiversity, along with tree plantation and cleanliness drives involving team members. The property continues to adopt eco-friendly practices such as solar energy usage, water conservation systems, efficient waste management, and the elimination of single-use plastics. Guests can also participate in interactive sessions, including children’s “Our Power, Our Planet” activities, while sustainable dining initiatives highlight locally sourced ingredients.

    Park Inn by Radisson Navi Mumbai: Grassroots Impact and Resource Conservation
    The hotel is focusing on community-driven sustainability efforts through a street cleanliness drive around the property, encouraging collective responsibility for public spaces. Additionally, it has implemented minimum-pressure water usage practices across operations to reduce consumption while maintaining service standards.

    Radisson Blu Ludhiana: Energy Transformation and Efficiency
    Radisson Blu Ludhiana is making significant strides in reducing its carbon footprint through electrification. By transitioning from diesel-based systems to electric boilers and heat pumps, the hotel has reduced diesel consumption by approximately 200 litres per day and achieved daily cost savings of nearly ₹9,000, translating to annual savings of ₹31–33 lakh. Electrification of laundry operations alone has delivered monthly savings of around ₹4.47 lakh. The property is also planning to introduce solar energy solutions (382 kWp) and is in the process of obtaining ISO 14005 certification.

    A Commitment to Sustainable Growth

    As the hospitality industry continues to expand, Radisson Hotel Group emphasises that future growth must be guided by responsibility, innovation, and collaboration. Through these initiatives, the Group aims to reduce environmental impact while preserving the destinations it operates in.

    This Earth Day, the Group reinforces its long-term vision of creating a sustainable hospitality ecosystem—one where tourism not only thrives but also contributes to environmental preservation and community well-being.

    Business News For Profit

  • Rupee Strengthens to 92.95; Commodities Trade Mixed

    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 geopolitical tensions. Reports suggesting that the Reserve Bank of India may have advised state-run oil refiners to use a special credit line instead of dollar purchases also supported sentiment.

    However, gains were limited due to continued strength in the US dollar in global markets.

    In commodities, gold futures traded in a narrow range, while silver edged higher during the session before cooling off from intraday highs. Analysts said the overall trend remains cautiously positive, but needs stronger momentum for a sustained move.

    Crude oil prices also slipped in global trade, with Brent and US WTI both declining amid easing geopolitical concerns and shifting supply outlook expectations.

    Overall, markets remained driven by global cues, dollar movement, and geopolitical developments.

     
  • Silver Gains on Global Cues, Hits INR 2.51 Lakh/kg

    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 West Asia, which boosted demand for safe-haven assets in global markets.

    Analysts said the metal also gained strength from supportive international trends, as investors reacted to a softer dollar and improving risk sentiment across commodities.

  • Lava Gears Up To Unveil New Smartphones And Feature Phones Across Key Segments

    Lava is set to expand its portfolio with a new lineup of smartphones and feature phones. Building on the success of its Shark and Bold smartphone series, the upcoming products in the under ₹15,000 segment are designed to deliver smooth performance and practical features for everyday usage.

    SMARTPHONES

    The following smartphones under the ₹15,000 segment are set to launch in April 2026 –

    SHARK 2 – 5G

    After the success of Shark 5G series, the next-generation Shark 2 5G is set to launch as a practical offering for users stepping into 5G for the first time. Focused on everyday usage, the device will feature a 6.75” HD+ display and a large battery, making it well-suited for content consumption and all-day performance.

     BOLD N1 5G (New Variant)

    Following the strong response to the Bold series and driven by consumer demand for higher memory variants, Lava is introducing a new 6GB + 128GB variant of the BOLD N1 5G. With enhanced aesthetics, the device will be more appealing to users. Positioned for practical, day-to-day usage, it will combine higher memory with a 13MP AI dual rear camera and a large HD+ display.

    FEATURE PHONES

    Feature phones continue to hold a significant market share, particularly across Tier 2, 3, and 4 markets, where demand remains steady. Usage is driven by both regular lifestyle needs and emergency scenarios. In this price-sensitive market, consumers continue to prioritise long battery life and ease of use, while their expectations are increasingly shifting towards better features and enhanced utility.

    Lava’s upcoming feature phone lineup is designed to address these evolving consumer needs.

    LAVA HERO SHAKTI 2026

    Lava is set to introduce Hero Shakti 2026 as an accessible device built for essential communication. With a 1.8” display, 1000mAh battery, and Type-C charging, it is positioned to offer a simple, dependable experience for mass users.

    LAVA A7 TORCH 2026

    Designed with a strong focus on utility, the A7 Torch 2026 caters to users who prioritise functionality and reliability. Featuring a 2.4” display, a 2575mAh battery, and a built-in torch with side switch, the device is well-suited for practical, everyday scenarios.

    MOTO A300 2026

    Positioned in the under ₹1,500 segment, the Moto A300 2026 is designed for users seeking a simple and reliable mobile experience for everyday communication. With a 2.0” display, a 1000mAh battery, and Type-C charging, it focuses on convenience and ease of use.

  • Crisil Sees India’s CAD Rising to 2 pc of GDP in FY27

    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, driven by steady import demand and global economic factors. While stable oil prices may offer some relief, they are unlikely to fully offset the broader structural challenges impacting the current account.

    Crisil said that rising domestic demand and continued dependence on imports, particularly in energy, could contribute to the widening deficit.

    However, the report also indicated that strong services exports and remittance inflows are expected to provide some cushion, helping manage the overall impact on the external sector.

    Overall, India’s external position is expected to remain manageable, though the widening deficit highlights the need for continued focus on export growth and reducing import dependence over the medium term.

  • Markets End Higher; Sensex Jumps 504 Points, Nifty Gains 156, FMCG Leads Rally

    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 around 2.65 per cent, emerging as the top performer. The rally was driven by strong buying interest in consumer-focused stocks, as investors showed confidence in demand-driven sectors.

    Market participants also remained encouraged by improving global cues and steady foreign fund inflows, which helped sustain the upward momentum.

    Overall, the session reflected broad-based buying, with multiple sectors contributing to the market’s positive close.

  • Jemimah Rodrigues teams up with PEDIGREE to drive Gravy range

    April 17: Mars Incorporated announced the launch of a new digital-first campaign for the PEDIGREE® brand in India, in collaboration with Indian cricketer and pet parent Jemimah Rodrigues. The campaign is based on the changing reality of modern pet-parenting, which encourages a shift towards more informed, nutrition-led feeding without compromising on what their pets love: taste. Equivalent to the protein of 8 chicken livers¹, combined with 100% complete and balanced nutrition, when fed as recommended, PEDIGREE® Gravy is a delicious and nourishing choice for pets. 

    Jemimah Rodrigues teams up with PEDIGREE to drive Gravy range

    As a devoted pet parent and one of India’s prominent young sports personalities,  Jemimah is known for her discipline, energy and performance-driven mindset. She lends her strong voice to the campaign, not only as a cricketer but also as a pet parent who understands the importance of making the right feeding choices for pets.

    PEDIGREE® Gravy is positioned as an everyday feeding solution, supported by the Waltham Petcare Science Institute. This reflects Mars Pet Nutrition’s leadership in the wet food category in India. By integrating decades of global nutritional research with formats that align with local feeding habits, the brand has significantly helped make balanced nutrition more intuitive and a complement to home-cooked meals.  

    The campaign brings this to life through cricket-themed films featuring Jemimah Rodrigues, capturing everyday moments between pets and their parents, and highlighting how PEDIGREE® Gravy can turn routine feeding into moments of joy and connection.

    Ayesha Huda, Chief Marketing Officer, Mars Pet Nutrition India, said,

    “As the pioneers, Mars Pet Nutrition has contributed significantly towards creating the gravy category in India. Backed by decades of research from the Waltham Petcare Science Institute, we have helped shape the understanding of wet food as a complete nutritional option that aligns with familiar feeding habits. She added, “While pet parent intent is evolving, there remains a gap in everyday feeding practices, especially with over-reliance on home-cooked food that may not meet pets’ nutritional needs. With PEDIGREE® Gravy, we bring together irresistible taste and complete, balanced nutrition, making better feeding choices simpler, more relatable, and part of everyday routines.”

    Jemimah Rodrigues shared,

    “As a pet parent, I’ve always believed that caring for your pet goes beyond just feeding; it’s about knowing what’s right for them. Like in cricket, where the right nutrition fuels performance, I’ve realised the same applies to our pets. What I love about PEDIGREE® Gravy is that my pet Jade genuinely enjoys it, and at the same time, I know it provides complete nutrition. This campaign reflects those simple, everyday moments that matter to pet parents.”

    This campaign launch is part of Mars’ broader commitment to drive category growth and build stronger awareness of wet food as a complete everyday feeding option, while encouraging more pet parents to adopt scientifically formulated food.

  • India to Continue Russian Oil and LPG Imports After US Waiver Ends

    Apr 17 (BNP): India will continue importing Russian crude oil and liquefied petroleum gas (LPG) even after the expiry of the 30-day US sanctions waiver on April 11, 2026, officials said, according to a report.

    Officials noted that India’s energy procurement decisions are based on national interest and supply security. They added that Indian refiners will keep sourcing crude and LPG through compliant and non-sanctioned trade channels, following existing purchasing practices.

    Despite the US decision not to extend the waiver, refiners are expected to maintain their current import strategy to ensure stable and affordable energy supplies.