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Chennai, Apr 29: After achieving robust volume growth over the past 4 years, Mahindra’s Truck and Bus Business today inaugurated its state-of-the art 3S dealership in Chennai, Tamil Nadu with 12 service bays, the facility can service more than 15 vehicles per day while also providing driver lodging, 24-hour breakdown assistance and AdBlue availability.

Speaking on the occasion, Mr. Vinod Sahay, Chairman – SML Mahindra and Mahindra Advanced Technologies & President – Mahindra Aerospace, Trucks and Buses, Member of Group Executive Board, Mahindra Group said, “Delighted to inaugurate our new state–of–the–art dealership in Chennai with M/s Sri Selvi Motors Pvt. Ltd. Mahindra Trucks and Buses and SML now have a combined strength of over 200 3S dealerships and over 400 secondary service touchpoints for trucks and buses across the country, providing world-class customer care to our valued customers. With close to 7% market share in trucks and buses, the Mahindra Group today has a 24% market share in I&LCV buses. We are targeting to increase our market share to 10-12% by FY31 and over 20% by FY36.” 

Dr. Venkat Srinivas, Executive Director & Chief Executive Officer, SML Mahindra and Business Head – Mahindra Trucks, Buses & Construction Equipment added, “Our obsession with customer-centricity has driven us towards creating disruptive value propositions for our customers. Be it the guaranteed higher mileage of our entire product range, or the most advanced telematics solution – iMAXX, which gives the fleet owners complete control over their transport business or a rapidly growing network of dealerships and other formats of after-sales support paraphernalia, we are committed to impart the best customer experience in the Indian Commercial vehicle industry.” 

Mahindra BLAZO X, FURIO, OPTIMO, and JAYO constitute the only range of commercial vehicles in India supported by dual service guarantees. Under this assurance, vehicles are guaranteed to be back on the road within 48 hours, failing which customers are compensated with Rs. 1,000 per day. Additionally, a guaranteed turnaround time of 36 hours is ensured at authorized dealer workshops, with a compensation of Rs. 3,000 per day in the event of any delay. 

Mumbai, Apr 29 (BNP): Global gold demand recorded a modest but steady rise in the January–March quarter, supported primarily by strong investment buying in bars and coins amid persistent geopolitical tensions and elevated price levels, according to the latest World Gold Council (WGC) report released on Wednesday.

Total global gold demand, including over-the-counter (OTC) transactions, increased by 2% year-on-year to 1,231 tonnes in Q1 2026, compared to 1,205 tonnes in the same quarter last year.

The standout driver of growth was investment demand, which surged sharply as investors increased allocations to physical gold. Bar and coin purchases rose 42% year-on-year to 474 tonnes, reflecting growing demand for gold as a safe-haven asset during periods of global uncertainty and financial market volatility.

While overall physical demand growth remained moderate, the value of gold demand witnessed a significant jump. Total demand value soared to a record USD 193 billion, registering a 74% year-on-year increase, driven largely by higher international gold prices.

Analysts suggest that this trend highlights a shift in investor behaviour, with gold increasingly being used as a hedge against inflation, currency fluctuations, and geopolitical risk. Even as jewellery demand remains relatively stable, investment-led demand is playing a more dominant role in shaping overall market dynamics.

The report indicates that gold continues to retain its strategic importance in global portfolios, particularly during uncertain macroeconomic conditions, where investors seek stability and long-term value preservation.

Overall, the Q1 data reflects a resilient gold market, where modest volume growth is being outweighed by strong value expansion, underpinned by robust investment interest.

New Delhi, Apr 29 (BNP): India’s credit card spending recorded a strong month-on-month rise in March, increasing by 24% to ₹2,194 billion (₹2.19 lakh crore), supported by seasonal demand and a lower base effect, according to a recent report released on Tuesday.

The data indicates that while overall spending saw a noticeable jump, the broader consumption pattern is gradually stabilising, suggesting a normalisation in credit-driven expenditure trends.

Analysts noted that the increase in March spending was influenced by seasonal factors, which typically drive higher consumer activity during the period. However, when viewed over a longer period, spending growth appears to be moderating compared to earlier high-growth phases.

The report further highlighted that credit card usage continues to remain an important indicator of urban consumption, reflecting spending behaviour across categories such as retail, travel, and services.

Despite short-term fluctuations, experts suggest that consumer spending remains steady, with credit usage aligning more closely with income growth and broader economic conditions.

Overall, the data points to a healthy but stabilising credit card market, where sharp monthly increases are balanced by a more sustainable long-term growth trend.

New Delhi, Apr 29 (BNP): Major changes in LPG booking rules, delivery verification, and pricing are expected to come into effect from May 1, along with a continued push towards cleaner fuel usage, according to recent policy updates.

Under the revised system, booking intervals for LPG cylinders will be extended. Urban consumers will need to wait 25 days between bookings, while rural consumers will have a 45-day gap, compared to the earlier shorter cycle. The move is aimed at improving supply management and ensuring smoother distribution.

A key update is the introduction of a mandatory OTP-based delivery verification system. Consumers will now need to confirm LPG deliveries through a one-time password sent to their registered mobile numbers. This digital system is intended to improve transparency and reduce misuse, hoarding, and diversion of subsidised cylinders.

On the pricing front, LPG rates have already seen an increase in recent months, with domestic cylinders rising by about ₹60 in April. Commercial cylinder prices have also increased more sharply, and further revisions may take place depending on global crude oil movements and market conditions.

The government is also continuing its focus on promoting piped natural gas (PNG). In areas where PNG infrastructure is available, households may be encouraged to switch, with phased restrictions on LPG supply for eligible users expected over time.

Despite global uncertainties, officials have said LPG, PNG, and CNG supplies remain stable, with priority being given to essential services. Consumers have been advised to avoid panic buying and complete necessary eKYC updates to ensure uninterrupted service.

Overall, the changes are aimed at improving efficiency, strengthening supply management, and gradually shifting consumers towards cleaner and more sustainable energy options.

Bengaluru, Apr 29: Ennismore, in partnership with Accor India and InterGlobe Hotels, today announced the signing of The Hoxton, Bengaluru City, marking the brand’s much-anticipated debut in India. The hotel is slated to open in November 2026 on Richmond Road, bringing The Hoxton’s signature open-house spirit and neighbourhood-focused hospitality to one of India’s most dynamic cities.

Located in the heart of Bengaluru, the hotel will feature 149 guestrooms, including The Hoxton’s signature categories—Roomy, Biggy, and four HOMEY suites situated on the top floors, offering sweeping city views. Designed as a “home away from home,” the rooms will reflect a blend of craftsmanship, local influences, and practical residential-style design.

Food and beverage will play a central role in the guest experience. The ground-floor lobby restaurant and bar will serve as a vibrant social hub throughout the day, embodying The Hoxton’s philosophy of creating spaces that feel like the neighbourhood’s living room. The rooftop will feature Fi’lia, making its second appearance in India as a poolside restaurant and bar, offering a lively setting for dining and socialising against the Bengaluru skyline.

The property will also include “The Apartment”, The Hoxton’s signature meetings and events concept, featuring a central pantry and meeting rooms for intimate gatherings, alongside a larger event space accommodating up to 240 guests.

Staying true to its community-first ethos, The Hoxton Bengaluru City will collaborate with local artists, designers, and creators through curated events, guest chef takeovers, the Hox Gallery, and retail offerings via the Hox Shop—celebrating the city’s rich creative culture across art, fashion, music, and food.

Commenting on the launch, Gaurav Bhushan, Group CEO of Ennismore and Chairman of Accor India, said:

“India is one of the most exciting hospitality markets globally. The market is ready for a true lifestyle experience, and our focus is on building brands that resonate with Indian guests while maintaining our global DNA. Bengaluru, with its vibrant cultural ecosystem, is the ideal city for The Hoxton’s India debut.”

Aditya Pande, Group CEO of InterGlobe Enterprises, added:

“The entry of The Hoxton into India marks a defining moment in our journey to bring world-class, lifestyle-led hospitality to the country. Bengaluru’s creative energy and global outlook make it a natural fit for the brand. We are confident this property will set a new benchmark for urban hospitality in India.”

Originally launched in London’s Shoreditch in 2006, The Hoxton has grown into a globally recognised lifestyle hospitality brand with 19 properties across the UK, Europe, and the US, and an expanding pipeline in cities such as Melbourne, Oslo, Nashville, and Mexico City.

This announcement builds on the strategic alliance between Accor and InterGlobe, aimed at creating one of India’s fastest-growing hospitality platforms. The partnership targets a portfolio of 300 hotels under Accor and Ennismore brands by 2030, tapping into India’s rapidly expanding travel and hospitality market.