India’s Small Businesses Benefit as Digital Access Widens

New Delhi, May 4 (BNP): The rapid expansion of digital infrastructure and internet access is playing a key role in strengthening small business growth across India, enabling entrepreneurs to reach wider markets and improve operational efficiency.

Increased adoption of smartphones, digital payment systems, and online platforms has helped small and medium enterprises (SMEs) expand their customer base beyond local boundaries. This shift has also improved access to financial services, making it easier for businesses to manage transactions, secure credit, and scale operations.

Industry observers note that digital tools are helping reduce traditional barriers such as high distribution costs and limited market visibility. As a result, small businesses in both urban and rural areas are increasingly able to compete in a more connected economy.

The rise of e-commerce platforms and digital marketplaces has further supported this transition, allowing local sellers, artisans, and service providers to showcase their products to a national audience.

Experts believe that continued investment in digital infrastructure, along with digital literacy initiatives, will further accelerate small business growth and contribute significantly to employment generation and economic development across the country.

Overall, expanding digital access is emerging as a key driver of inclusive growth, empowering small businesses to become a stronger pillar of India’s economy.

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.

Gold Futures Decline to INR 1.50 Lakh on Global Cues

 On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by ₹1,149, or 0.76 percent, to ₹1,50,203 per 10 grams, with a total trading volume of 9,510 lots.

The decline comes after a similar trend in the previous week, when gold prices dropped by about 1 percent, or ₹1,347, to settle at ₹1.51 lakh per 10 grams.

Market analysts said pressure on gold was largely driven by firmness in the dollar index, which reduces the appeal of the yellow metal, along with elevated crude oil prices that continue to influence global commodity markets.

Overall, bullion prices remain volatile, with investors closely tracking global economic indicators, currency movements, and geopolitical developments for further direction.

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, according to a report by Morgan Stanley.

The report noted that inflows from overseas Indian workers have held up well even amid uncertainty in key Gulf economies, highlighting the resilience of remittance-driven household income in India.

However, it cautioned that if labour market conditions in the West Asia region weaken further, a portion of returning workers may require structured support to transition back into domestic employment opportunities.

Experts suggest that targeted skill development, job placement initiatives, and sector-specific absorption strategies could help ease reintegration challenges and maximise the productive use of returning labour.

Overall, while remittance flows remain stable for now, the report underscores the importance of proactive policy measures to manage potential labour market shifts and sustain income stability for affected households.

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 primarily driven by robust participation from domestic investors, including institutions, family offices, and high-net-worth individuals, highlighting increasing confidence in India’s property market amid global economic uncertainties.

The report noted that domestic capital has emerged as a key pillar of support for the sector, helping offset fluctuations in foreign investment flows and ensuring steady funding across residential, commercial, and industrial real estate segments.

Market experts believe the trend reflects a structural shift in investment behaviour, with local investors taking a more active and long-term view of real estate assets such as office spaces, warehousing, and premium housing projects.

Despite global headwinds, India’s real estate sector continues to attract sustained capital inflows, underscoring strong investor sentiment and long-term growth prospects. The rising share of domestic funding is also seen as a stabilising factor for the industry’s expansion.

Overall, the report highlights a resilient investment environment, with domestic capital playing an increasingly central role in shaping India’s real estate growth story.

Commune Brings Together Artisanship & Indulgence for a Special Mother’s Day Brunch

This Mother’s Day, Commune, Lower Parel invites guests to celebrate the women in their lives with a specially curated brunch experience that brings together comforting food, meaningful conversations, and community-driven experiences. The celebration promises an afternoon centred around togetherness, indulgence, and thoughtful storytelling.

The specially curated Mother’s Day brunch menu features an expansive selection of dishes spanning global comfort food and contemporary Indian flavours. Guests can look forward to dishes such as Dahi ke Kebab with Mint Foam, Tandoori Broccoli with Almond Cream, Chicken Tikka Tacos, Prawn Koliwada, Paneer Makhani Pizza, Butter Chicken Risotto, Malwani Curry, and indulgent desserts like Rose Pistachio Milk Cake and Mango & Pistachio Delight.

Adding a deeper layer of purpose to the celebration, Commune has also collaborated with an NGO – Shakti, LCCWA for a special Mother’s Day exhibition that celebrates women artisans and handmade craftsmanship. The showcase will feature handcrafted creations made by women artisans, from art pieces and décor to accessories and home accents, each carrying stories of resilience, creativity, and empowerment. The collaboration adds a thoughtful and culturally rooted dimension to the brunch experience, creating a celebration that goes beyond dining and honours the spirit of womanhood through art, storytelling, and community.

With a blend of soulful food, meaningful experiences, and community-driven storytelling, Commune’s Mother’s Day celebration aims to create a warm and memorable afternoon dedicated to mothers and the spirit of womanhood.

Event Details
Date: 10th May
Time: 12:30 PM onwards
Venue: Commune, Lower Parel

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.

India Manufacturing Shows Resilience as PMI Edges Up to 54.7

The reading indicates continued expansion in factory activity, though the pace of growth remains relatively subdued compared to previous years. A PMI above 50 reflects expansion in the sector.

The survey showed that both new orders and production increased during the month, supported by steady domestic demand and improving export performance. However, growth was partially restrained by competitive market conditions and global uncertainties.

Cost pressures remained elevated, with input prices rising at their fastest rate in over a year and a half. Higher costs of raw materials such as fuel, chemicals, aluminium, and petroleum products contributed to inflationary pressures, influenced in part by global geopolitical tensions.

Despite these challenges, employment conditions remained positive, with manufacturers increasing hiring at the fastest pace in ten months, reflecting continued business confidence.

Export demand also strengthened, with new overseas orders rising to a seven-month high, driven by improved demand from several international markets.

Economists noted that while the manufacturing sector continues to support India’s economic growth through output, jobs, and exports, rising costs and global headwinds may weigh on profitability in the coming months.

Overall, the data points to a steady but uneven recovery, with the sector remaining an important driver of India’s broader economic momentum.

 

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 ₹15,660 crore ($1.65 billion).

News In Pics

The two business leaders have partnered with existing principal owner Manoj Badale to form a new consortium that will not only control Rajasthan Royals but also its sister franchises—Paarl Royals in South Africa’s SA20 league and Barbados Royals in the Caribbean Premier League.

According to an official statement, post-transaction ownership will see the Mittal family holding around 75% stake in the franchise, while Adar Poonawalla will own approximately 18%. The remaining 7% will be retained by existing approved investors, including Manoj Badale, who will continue to play a key role, providing continuity and leveraging his extensive experience in cricket management.

The deal, announced after months of speculation over ownership changes, is subject to approvals from the Board of Control for Cricket in India and the Competition Commission of India.

Founded in 2008 as one of the original IPL franchises, Rajasthan Royals was initially acquired by Badale for $67 million and has since grown into a globally recognized cricket brand. The new investment underscores the rising valuation and international appeal of IPL teams.

The Mittal family already has a footprint in global sports, including investments in the NBA’s Boston Celtics and English football club Queens Park Rangers. Sources indicate that Aditya Mittal could emerge as a key figure representing the franchise going forward.

Expressing his enthusiasm, Lakshmi Mittal said he has a deep personal connection with both cricket and Rajasthan, adding that he looks forward to contributing to the team’s future success and engaging with its passionate fan base.

The transaction marks one of the largest deals in IPL history and is expected to further boost investor confidence in the league’s commercial potential.

 

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, compared with ₹234.36 crore in the same period last year, according to a regulatory filing. The reduction reflects improving operational efficiency and stronger demand in the electric vehicle segment.

Revenue from operations grew significantly during the quarter, rising 74 percent to ₹1,174.66 crore from ₹676.8 crore in the corresponding period of the previous fiscal year.

The Bengaluru-based EV maker, which was listed on the stock exchanges in May last year, continues to benefit from rising adoption of electric two-wheelers and expanding market presence across key regions.

Overall, the results indicate steady progress in scaling operations while narrowing losses as the company strengthens its position in the competitive EV market.

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.

Cyclone Alert? Low Pressure Likely in Bay of Bengal Mid-May; IMD Yet to Confirm

According to preliminary forecasts from the Global Forecast System, conditions may become conducive for the development of a cyclonic system around mid-May. Some projections even hint at a possible intensification, raising concerns of a cyclone threat.

However, the India Meteorological Department has not issued any official confirmation or warning regarding such a development so far. Meteorological experts caution that while environmental conditions appear favorable for cyclogenesis, it is too early to determine whether the system will intensify into a cyclone.

As of now, the situation remains under close watch, with further clarity expected in the coming days as more data becomes available. Authorities have advised

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 capital markets, noting their ability to withstand global uncertainties and maintain steady growth.

The introduction of these segments is expected to deepen market participation and offer investors new avenues for trading and risk management. Market officials said the move aligns with efforts to enhance transparency, liquidity, and innovation in the financial ecosystem.

Overall, the development reflects continued efforts to strengthen India’s capital market infrastructure and support its long-term growth trajectory.