Category: Business

  • India’s Exports Rise in FY26, But Higher Imports Widen Trade Gap

    India’s Exports Rise in FY26, But Higher Imports Widen Trade Gap

    New Delhi, Apr 15 (BNP): India’s exports recorded steady growth in FY26, rising by 4.22% to reach USD 860.09 billion, reflecting continued demand in global markets.

    However, imports grew at a faster pace of 6.47% during the same period, leading to a widening trade deficit.

    Officials said the increase in imports was driven by higher demand for key commodities and inputs, even as export performance remained stable.

    The data highlights a mixed trend in India’s external trade, with positive export growth balanced by rising import costs, which have put pressure on the overall trade balance.

     
  • Nagarro partners with Cursor to help teams and customers achieve faster production outcomes

    Delhi, April 15: Nagarro, a global digital engineering leader, has announced a strategic partnership with Cursor, the leading multi-model AI coding platform, to embed AI into everyday software development workflows, helping teams achieve production outcomes faster.

    Nagarro teams are already using Cursor across several client engagements, creating a strong foundation for broader adoption. Through this partnership, Nagarro will leverage its broader usage by embedding AI native development across the software development lifecycle to achieve faster feature deliveries and higher quality standards. 

    In close consultation with clients under this partnership, Nagarro will track and demonstrate measurable improvements in engineering productivity and delivery outcomes across various projects. This work supports Nagarro’s broader client-facing commitment to delivering meaningful business outcomes and reinforcing its promise of up to 20% productivity improvement for clients. The focus is on faster delivery, excellent quality, and higher consistency, with AI applied in practical day-to-day development scenarios where it can have immediate and measurable impact. 

    Cursor optimizes codebases to automate and increase the productivity of the development environments teams already operate in, said Jenna Jones, Enterprise GTM, Cursor. “Nagarro operates in real-world enterprise environments where reliability and productivity at scale means working across complex systems. Cursor is thrilled to partner with Nagarro on their mission to deliver productivity improvement across the development lifecycle.

    We are always focused on pushing boundaries and continuously improving how software is built — for faster delivery, high quality, and production-grade outcomes. That means using AI where it makes a real difference every day: understanding requirements, formulating design and architecture, generating code, refactoring, debugging, and maintaining high quality,” said Ganesh Sahai, CTO, Nagarro. With Cursor, we are working closely with our teams to deliver clear gains in speed, consistency, and overall productivity, all while bringing greater satisfaction to engineering teams and customers alike.” 

    This partnership also aligns with Nagarro’s focus on Fluidic Intelligence, bringing together AI, data, and engineering to deliver faster, more reliable, and high-performance outcomes, and helping clients unlock greater value from their technology investments. 

    Nagarro and Cursor will continue to expand adoption beyond the initial pilot, refine usage based on learnings, and develop a detailed case studies demonstrating impact at scale. 

  • April 2026 Patch Tuesday: Insights from Tenable’s Satnam Narang on Latest Vulnerabilities

    April 2026 Patch Tuesday: Insights from Tenable’s Satnam Narang on Latest Vulnerabilities

    Microsoft’s April 2026 Patch Tuesday release contains fixes for 163 CVEs, making it the second biggest Patch Tuesday ever, just shy of the record set in October 2025 at 167 CVEs. At this pace, 2026 is on track to affirm that 1,000+ Patch Tuesday CVEs annually is the norm. Not only that, but elevation of privilege bugs continue to dominate the Patch Tuesday cycle over the last eight months, accounting for a record 57% of all CVEs patched in April, while remote code execution (RCE) vulnerabilities have dropped to just 12%, tied with information disclosure vulnerabilities this month.

    This month, Microsoft patched a SharePoint Server spoofing vulnerability (CVE-2026-32201) that was exploited in the wild as a zero-day. This might sound like deja vu, and that’s because the last SharePoint Server spoofing vulnerability exploited as a zero-day was CVE-2025-49706 from July 2025, part of the ToolShell exploit chain used by ransomware and cyberespionage groups. While we lack insight into the in-the-wild exploitation associated with this latest flaw and whether it is related to the ToolShell exploit chain, it underscores how valuable SharePoint Server is as a target for attackers.

    CVE-2026-33825 is an elevation of privilege vulnerability in Microsoft Defender that is marked as publicly disclosed. The timing of this aligns with the recent disclosure of the BlueHammer elevation of privilege vulnerability in Defender, which was disclosed on April 8. While we don’t have confirmation of the connection, this one warrants attention.

    This month, Microsoft’s Remote Desktop received a fix for CVE-2026-26151, a spoofing vulnerability. Previous behavior allowed users to receive and open Remote Desktop Protocol (RDP) files without any sort of warning. In the April 2026 Security Update, Microsoft will now provide sufficient warning dialogues to users when interacting with potentially malicious RDP files. – Satnam Narang, Senior Staff Research Engineer at Tenable

  • NBFCs to Rely More on Bank Borrowings in FY27 Amid Lower Interest Rates

    Apr 15 (BNP): Non-banking financial companies (NBFCs) in India are expected to depend more on bank borrowings in FY27 as lower interest rates make bank funding more attractive, according to a rating agency report.

    The report noted that the share of bank borrowings in overall NBFC funding rose to about 43% in FY26, supported by strong lending activity in the second half of the year. This share is likely to increase further, reaching up to 45% in FY27.

    With banks offering comparatively cheaper loans, NBFCs are gradually shifting away from debt capital market issuances, which are expected to see slower growth in the coming period.

    Overall, the trend reflects a changing funding mix in the NBFC sector, with bank credit playing a larger role in meeting financing needs.

  • Gold ETFs AUM Surges to INR 1.7 Lakh Crore in March Amid Global Uncertainty

    New Delhi, Apr 15 (BNP): Gold exchange-traded funds (ETFs) in India recorded strong growth in March 2026, with total assets under management (AUM) rising to ₹1,71,468.4 crore.

    According to ICRA Analytics data, the AUM has nearly tripled compared to the same period last year, reflecting rising investor interest in gold as a safe-haven asset amid global uncertainty and geopolitical tensions.

    The report also shows that gold ETFs have delivered a compound annual growth rate (CAGR) of 64.76% over the past five years, increasing significantly from ₹14,122.72 crore in March 2021.

    Experts attribute the surge to growing participation from both retail and institutional investors, who prefer gold ETFs for their ease of trading, transparency, and convenience compared to physical gold.

    The trend highlights a continued shift toward digital gold investment as part of diversified portfolios during volatile market conditions.

  • Santoor appoints Tilt Brand Solutions as Agency on Record

    Mumbai, April 15: Santoor, India’s largest soap brand and the flagship brand of Wipro Consumer Care & Lighting, has appointed Tilt Brand Solutions as its Creative Agency on Record (AOR).

    As the AOR, Santoor will partner with Tilt Brand Solutions to conceive and execute all aspects of marketing, brand, communication, and content across media and platforms. The focus will be on strengthening relevance with existing consumers, while expanding the brand’s appeal across newer geographies, segments, and channels.

    S. Prasanna Rai, Chief Marketing Officer (CMO), Wipro Consumer Care & Lighting, said,

    “We are pleased to partner with Tilt Brand Solutions for Santoor. As the brand continues to evolve and engage with a new generation of consumers, it is important to bring in fresh thinking and strong creative capabilities. Tilt’s understanding of the category and their approach to storytelling aligns well with our vision for Santoor, and we look forward to building a strong and impactful association together.”

    Joseph (Joe) George, Chairman & CEO, Tilt Brand Solutions said,

    “This appointment is hugely exciting and comes with a great sense of responsibility. Santoor is an iconic brand with a strong legacy, and we are committed to strengthening its relevance and reach. We look forward to bringing our collective experience and expertise across strategy and storytelling to do justice to Wipro’s faith and confidence in us.”

    The partnership marks a strategic collaboration aimed at supporting Santoor’s next phase of growth and strengthening its brand momentum in a dynamic and evolving market landscape.

  • Lucknow Plant Sees Tata Motors’ 10 Lakh Vehicle Rollout

    Apr 15 ( BNP): Tata Motors has achieved a major production milestone with the rollout of its 10 lakhth vehicle from its facility in Lucknow, marking a significant achievement for the company and the state’s industrial growth.

    Uttar Pradesh Chief Minister Yogi Adityanath said the milestone reflects the state’s rapid progress in becoming a key manufacturing hub in India. He noted that such developments are strengthening industrial capacity, generating employment opportunities, and boosting investor confidence in the region.

    The achievement underscores the growing importance of Uttar Pradesh in India’s automobile manufacturing ecosystem, with increasing participation from leading industry players like Tata Motors.

    Officials highlighted that the expansion of manufacturing activities in the state is aligned with its broader goal of industrial development and economic growth.

  • Virtual Galaxy Infotech Limited Signs USD 1.1 Million Software Development Contract with Botswana Development Corporation

    Nagpur, Apr 15: Virtual Galaxy Infotech Limited, a leading provider of AI-enabled hybrid SaaS platforms and enterprise software solutions, has announced the signing of a Software Development Agreement with Botswana Development Corporation LimitedBotswana. 

    Under the terms of the agreement, the Company will deliver comprehensive, end-to-end software development services. The scope includes solution design, implementation, licensing, maintenance, and ongoing technical support. Additionally, the project covers integration with third-party systems, system testing, user training, maintenance support, and disaster recovery services. 

    The total contract value stands at USD 1,099,000 (USD One Million Ninety-Nine Thousand only), exclusive of applicable taxes. The agreement will remain valid for 48 months from the date of commencement. 

    The Company’s strong execution capabilities are reflected in its recent financial performance. For FY26, Virtual Galaxy Infotech expects to clock a turnover of Rs 182.06 crore, registering a robust year-on-year growth of 51.53%, compared to Rs 120.14 crore in FY25. Consistent demand momentum, deeper client engagements, expansion into new opportunities, and increasing adoption of digital and AI-led solutions across industries have driven this growth. 

    Mr Avinash Shende, Chairman, Executive Director & CFO, Virtual Galaxy Infotech Limited, said, ” We are partnering with Botswana Development Corporation Limited, which marks an important step in our global expansion. It reflects the trust we’re building beyond India and our ability to deliver scalable, high-quality, AI-enabled, hybrid SaS technology-led solutions to global clients. Our focus has always been on building practical solutions that help clients improve how they operate, with AI now becoming a bigger part of that journey. The growth we’ve seen in FY26 gives us confidence that we’re on the right track. We see this as the start of a long-term relationship and an opportunity to expand further in international markets.”

  • India’s Housing Launches Concentrated in Mumbai, Bengaluru and Pune: Report

    New Delhi, Apr 15 (BNP): A recent report shows that India’s residential real estate market continued to be concentrated in major urban centres during the first quarter of 2026, with Mumbai, Bengaluru, and Pune accounting for nearly 60% of new housing launches.

    India’s Housing Launches Concentrated in Mumbai, Bengaluru and Pune: Report

     The data highlights strong activity in these key metropolitan markets, driven by steady demand, improved infrastructure, and continued interest from both end-users and investors.

    Experts note that these cities remain attractive due to better job opportunities, urban development, and expanding housing options across multiple segments.

    Overall, the report indicates that while housing supply is growing in several parts of the country, major metro cities continue to dominate new residential project launches.

  • Coca-Cola India Brings Diljit Dosanjh and Janhvi Kapoor Onboard to Reimagine ‘Halftime’ Moments

    Coca-Cola India Brings Diljit Dosanjh and Janhvi Kapoor Onboard to Reimagine ‘Halftime’ Moments

    Apr 15: CocaCola® today announced its campaign featuring Diljit Dosanjh and Janhvi Kapoor, bringing the idea of a “cocacola halftime” to life in everyday momentsAt its core, the idea is built on the belief that a halftime should do more than simply pause the day, it should draw you back into it. 

    CocaCola, with its delicious and refreshing taste, plays the role of that uplifting break, creating a sense of warmth and connection within everyday experiences. It becomes a simple, accessible ritual, a small yet powerful halftime that allows people to feel more present, feel closer to those around them, and stay in tune with their surroundings. 

    Karthik Subramanian, Senior Director, Marketing, CocaCola India & Southwest Asia said: “Today’s consumers are navigating lives that are fuller and faster than ever before. And yet, what they increasingly value are small, meaningful breaks that help them stay grounded in the moment. CocaCola, known for its signature taste, has long been part of these everyday rituals, and this campaign celebrates how a simple halftime can bring people closer to what matters around them.” 

    Conceptualized by WPP Open X led by VML., the films, launched as part of the campaign, find beauty in the ‘in-between’, those autopilot moments where we are physically present but mentally elsewhere. Whether it is Diljit Dosanjh caught in the rhythm of a rehearsal or Janhvi Kapoor immersed in her thoughts during a hangout, CocaCola acts as a refreshing spark. A single sip brings the world back into focus, turning a routine break into an uplifting experience that grounds you in the present. 

    Speaking about the film, Nakul Sharma & Tirtha Ghosh, Executive Creative Director, VML shared, “For us, this campaign was about capturing that universal human truth. We all crave presence, but modern life constantly pulls us away. We wanted to show how CocaCola isn’t just a drink…it’s a micro moment of reconnection. It’s the simple, uplifting beat that helps you snap back into the now, transforming those checked out moments into something truly alive. It’s about bringing back the joy of being here.” 

    Rolling out across key markets including Delhi, Punjab, Uttar Pradesh, Maharashtra, Tamil Nadu, and Karnataka, the campaign is supported by a strong television, digital, and social presence. It is further brought to life through locally rooted storytelling, with Diljit Dosanjh’s film rolling out across Delhi, Punjab, Uttar Pradesh, and Maharashtra, while Janhvi Kapoor features in the Tamil adaptation, alongside a dedicated Kannada film. 

    The campaign is complemented by an original soundtrack by Donn Bhat, with vocals by Vivek Hariharan and Aarifah Rebello, adding a distinctive retro sonic layer. Through these locally rooted narratives, CocaCola continues to strengthen its connection with audiences, celebrating the power of a simple coca cola halftime.