20, Apr 2026
India, South Korea Push to Upgrade CEPA to Deepen Trade and Investment Ties
New Delhi, Apr 20 (BNP): India and South Korea have renewed efforts to strengthen their economic partnership, with Union Commerce Minister Piyush Goyal holding discussions with his South Korean counterpart on upgrading the existing Comprehensive Economic Partnership Agreement (CEPA).
The talks focused on making the trade pact more aligned with current global economic dynamics, with both sides exploring ways to enhance market access, streamline trade processes, and unlock new investment opportunities.
Officials indicated that revisiting the CEPA is aimed at addressing existing gaps in the agreement while expanding its scope to include emerging sectors such as advanced manufacturing, technology collaboration, and sustainable industries.
The discussions come at a time when both countries are seeking to scale up bilateral trade and strengthen supply chain resilience amid global uncertainties. There is also a shared focus on encouraging greater participation from businesses and investors on both sides.
India and South Korea have maintained strong economic ties over the years, and the move to upgrade the agreement reflects a broader push to build a more dynamic and future-ready partnership.
The proposed revamp of CEPA is expected to support long-term growth in trade volumes, facilitate smoother investment flows, and deepen cooperation across key sectors, reinforcing the strategic economic relationship between the two nations.
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- By Neel Achary
20, Apr 2026
Atul Projects Brings Cultural Harmony to Hillfront with Planned Jain Derasar
Apr 20: Atul Projects has announced a distinctive and culturally significant addition to its upcoming Hillfront development, the inclusion of a thoughtfully designed Derasar (Jain temple) within the project premises. This reflects the developer’s commitment to providing a living environment that encompasses all aspects of life, including one’s heritage, spirituality, and the surrounding social life, as well as the physical infrastructure.
The Derasar will be under the guidance of Maharaj Saheb Pujya Prabhav Kalaprabha Surishwar Ji. His presence will add spiritual significance to the space and support the religious and community activities within the development. The inauguration of the Derasar was held on 18th April at the Hillfront premises in Mulund and was attended by over 350+ people
Aakash Patel, Managing Director, Atul Projects, commented on the development, saying,
“Atul Projects has always been about building not just homes, but also creating communities that reflect their residents’ beliefs and aspirations. Adding a Derasar to the Hillfront Development demonstrates our commitment to providing a multi-dimensional living environment for today’s families.”
Over the past few years, Mulund has increasingly become a popular choice among many communities who like to reside there, with an increasing number of Gujaratis now being a part of the local community. The presence of facilities such as better urban infrastructure, along with greenery, as well as better connectivity to major commercial hubs, has helped attract individuals who would like to buy homes at the location. The changing social composition of the suburb, with the help of community centers, schools, and other facilities, has played a huge role in creating a balanced community.
The Hillfront development is designed as a well-planned community offering a wide range of amenities, open green spaces, and sustainable living, allowing residents to enjoy both an active lifestyle and the peace of nature. With excellent connectivity to major transport systems and easy access to shopping and services, it meets modern homebuyers’ needs, while the inclusion of a Derasar further enhances its appeal for families seeking cultural connection and spiritual well-being
Through this development, Atul Projects, Ltd, is demonstrating again how a developer can incorporate both new and old philosophies by creating a community that provides not only places to live but also a way to enjoy life, a healthy lifestyle with family, and the freedom to express both their culture and spirituality.
20, Apr 2026
Rupee Edges Higher to 92.78 as Crude Oil Slumps Over 5 pc, Easing Import Pressure
Mumbai, Apr 20 (BNP): The Indian rupee opened on a firmer note on Monday, gaining 13 paise to 92.78 against the US dollar, supported by a sharp decline in global crude oil prices and a mildly improved risk tone in early trade.
The domestic currency found relief as Brent crude, the global oil benchmark, fell more than 5% to $95.21 per barrel, easing concerns over India’s import burden. As a major energy-importing economy, India’s currency often tracks movements in crude prices, making oil a key determinant of near-term rupee direction.
Sentiment was also underpinned by expectations of continued stability in monetary conditions, with markets factoring in supportive liquidity management by the Reserve Bank of India, which has helped cushion sharp currency swings in recent sessions.
Despite the early uptick, traders maintained a cautious stance, noting that the rupee is likely to remain confined to a broad range in the near term.
Market participants pointed to persistent geopolitical tensions in West Asia, particularly concerns around disruptions to key maritime trade routes, as a key factor limiting sustained currency appreciation. Any escalation in the region could quickly reverse gains by triggering fresh volatility in global oil markets.
Analysts further observed that while easing crude prices provide short-term support, the rupee’s medium-term direction will depend on a combination of global risk sentiment, foreign capital flows, and India’s trade dynamics.
Overall, the currency’s movement reflects a fragile balance between easing commodity-led pressure and lingering external uncertainties, keeping forex markets alert to sudden shifts in global developments.
20, Apr 2026
Trade Deals, Softening Oil Prices May Help Narrow India’s Trade Deficit: BoB Report
New Delhi, Apr 20 (BNP): India’s record trade deficit is expected to ease in the coming months, supported by anticipated trade agreements and a possible decline in global crude oil prices, according to a recent report by Bank of Baroda.
The report notes that elevated imports, particularly of energy products, have been a key driver of the widening trade gap in recent months. However, easing geopolitical tensions and improved global supply conditions could help stabilise oil prices, providing relief to India’s import bill.
At the same time, ongoing and potential trade deals are expected to improve export competitiveness and support outbound shipments, contributing to a gradual correction in the trade imbalance.
Economists highlighted that India’s external sector remains sensitive to fluctuations in global commodity prices, especially crude oil, which accounts for a significant share of import costs.
The report suggests that a combination of favourable global price trends and stronger trade linkages could help bring down the trade deficit from recent record levels in the near term.
Overall, while external risks remain, the outlook points toward a more stable trade environment if current trends in oil prices and trade negotiations continue.
20, Apr 2026
India’s JSW Steel, South Korea’s POSCO Tie Up for Odisha Plant
New Delhi, Apr 20 (BNP): In a significant development for India’s steel sector, JSW Steel and South Korea’s POSCO have announced a 50:50 joint venture to establish a new steel manufacturing facility in Odisha.
The announcement comes during the official visit of South Korean President Lee Jae Myung to India, highlighting growing economic and industrial cooperation between the two countries.
The proposed plant in Odisha is expected to strengthen steel production capacity, enhance technology collaboration, and support long-term industrial integration between Indian and South Korean companies. Officials indicated that the project will focus on advanced steel manufacturing processes and sustainable production practices.
The joint venture is also expected to contribute to Odisha’s position as a major steel hub in India, attracting further investment and generating employment opportunities in the region.
Industry observers note that the partnership reflects increasing confidence in India’s manufacturing ecosystem and aligns with broader efforts to deepen bilateral economic ties between India and South Korea.
Further details regarding investment size, capacity, and project timelines are expected to be announced in the coming stages of the partnership.
20, Apr 2026
‘Z’ to broadcast DP World ILT20 Season 5 beginning Sunday, 22 November 2026
Apr 20: Zee Entertainment Enterprises Limited (‘Z’), India’s leading content and technology powerhouse, announced the live broadcast schedule of DP World International League T20 (ILT20). Season 5 of the biggest cricket league in the Gulf region – the second-most watched T20 league in the world – DP World International League T20 will begin on Sunday, 22 November 2026. The six-team, 34-match tournament, which has featured some of the biggest T20 stars over the years, will climax with the Season 5 finale on Sunday, 20 December, at the Dubai International Stadium.
The league moved to a December window in Season 4; the first three seasons were played in the January-February window. Season 4 was a big success with enhanced broadcast numbers, and spectator attendance. The tournament’s final (4 January 2026) was played in front of a packed Dubai International Stadium as the Desert Vipers collected their maiden trophy with a 46-run win over the MI Emirates.
Sandeep Mehrotra, Chief Operating Officer – Advertisement Revenue, Zee Entertainment Enterprises Ltd. said, “We are excited to strengthen our association with DP World ILT20 as it enters its fifth season, building on the strong momentum of viewership growth and fan engagement witnessed in previous editions. Our focus is on delivering a high-impact and immersive experience for cricket fans through a seamless blend of platforms, and with Season 5, we aim to further expand the league’s reach, deepen audience connect, and reinforce its position as one of the most compelling T20 leagues globally.”
Cricket fans and sports enthusiasts across India can continue to enjoy the LIVE action on ‘Z’s linear TV channels and its OTT platform, Zee 5. As the network strengthens its sports portfolio, ‘Z’ is also exploring the opportunity to showcase the tournament on its dedicated sports channels, which are slated for launch soon.
CEO DP World ILT20 David White: “We are pleased to confirm the DP World International League T20 Season 5 window. The biggest cricketing spectacle in the Gulf region will be played from Sunday, 22 November to Sunday, 20 December 2026. We are delighted with Season 4’s success. Season 4 was a major success, accumulating 397 million unique viewers across TV and OTT, a 7.49% increase over Season 3, driven by strong broadcast numbers, high spectator interest and the participation of top T20 stars, which further elevated the league’s quality.
“The DP World ILT20 continues to make massive strides and our strategic partnerships with Saudi Arabia Cricket Federation and Kuwait Cricket are already making a big impact. This year, these partnerships will be consolidated further through our development tournaments which will be played in both countries prior to Season 5.
“The DP World ILT20 Season 4 Player Auction was a great success as well and we are already gearing up for this year’s auction. There are a number of exciting announcements and initiatives that will be revealed in the coming days.”
DP World ILT20’s Season 4 featured some of the biggest T20 stars including: Sam Curran (Desert Vipers) – Player of the Tournament and winner of the Best Batter award (Red and Green Belts); Waqar
Salamkheil (MI Emirates) – Best Bowler and White Belt winner; and Muhammad Waseem – Best UAE Player and Blue Belt winner. The star-studded squads also featured the likes of Andre Russell, Azmatullah Omarzai, Dinesh Karthik, Pathum Nissanka, Fakhar Zaman, Jason Holder, Jason Roy, Kieron Pollard, Moeen Ali, Mohammad Nabi, Naseem Shah, Nicholas Pooran, Phil Salt, Rahmanullah Gurbaz, Romario Shepherd, Shakib Al Hasan, Sikandar Raza, Sunil Narine, Tim David, and Tim Southee.
20, Apr 2026
MSME Manufacturing Sees Steady Growth, But Global Tensions Weigh on Momentum
New Delhi, Apr 20 (BNP): India’s MSME manufacturing sector recorded expansion during the January–March period, although the pace of growth showed signs of moderation amid geopolitical uncertainties in West Asia, according to a recent survey by PHD Chamber of Commerce and Industry.
The survey indicates that while overall business activity in the MSME segment remained positive, external pressures—particularly disruptions linked to the West Asia crisis—have slightly dampened growth momentum.
Rising input costs, supply chain concerns, and global market volatility were identified as key challenges affecting sentiment in the sector. Despite these headwinds, manufacturers continued to report expansion in production and order activity, reflecting underlying resilience in domestic demand.
Industry stakeholders noted that MSMEs are adapting to external shocks by focusing on efficiency, diversification of supply sources, and greater reliance on domestic markets.
The report further highlights that sustained government support, credit availability, and policy interventions have helped cushion the impact of global uncertainties on small and medium enterprises.
Overall, the survey suggests that while growth in the MSME manufacturing sector continues, external geopolitical tensions have introduced caution into business outlooks for the near term.
20, Apr 2026
PM Modi to Inaugurate Mega Refinery Petrochemical Project in Rajasthan
New Delhi, Apr 20 (BNP): Prime Minister Narendra Modi will visit Rajasthan on Tuesday to inaugurate India’s first greenfield integrated refinery and petrochemical complex at Pachpadra in Balotra.
The project, built with an investment of over ₹79,450 crore, is among the largest energy infrastructure developments in the country. Officials said it marks an important step in expanding India’s refining capacity while strengthening its petrochemical manufacturing base.
Pic Credit: Pexel
The integrated facility is expected to enhance domestic production of key petrochemical products, reduce import dependence, and support industries such as plastics, textiles, fertilisers, and packaging.
Authorities noted that the project will also contribute to regional development by creating employment opportunities and encouraging industrial growth in Rajasthan.
During the visit, the Prime Minister is also scheduled to address a public gathering, where he is expected to highlight the project’s significance in advancing India’s energy security and industrial self-reliance.
The refinery-petrochemical complex is seen as a key addition to India’s energy infrastructure, aligning with the country’s long-term goals of boosting manufacturing capacity and meeting rising energy and industrial demand.
20, Apr 2026
Dubai’s leading developers have sold vast majority of homes scheduled for delivery this year
fäm Properties analysis shows city’s 4-year pipeline 71.45% committed, as absorption rate leaves major global markets far behind
Dubai, UAE, 20th April, 2026: Dubai’s leading developers have already sold the vast majority of homes scheduled for delivery in 2026, while buyers have also snapped up 71.45% of the city’s total off-plan pipeline due for completion between 2026 and 2029.
A market analysis issued by fäm Properties today reveals a sustained alignment between supply and demand across one of the most active launch periods in the emirate’s history, maintaining an historic absorption rate that leaves other major global cities far behind.
Data from DXBinteract shows that in 2026 alone, ten of Dubai’s major developers are scheduled to deliver 43,217 units, of which 41,015 are already sold, resulting in a blended absorption rate of 94.91%.
Across the four-year pipeline from 2026 to 2029, all Dubai developers combined have 426,182 units scheduled for delivery, with 304,493 already sold, a level of buyer conviction few residential markets anywhere in the world have come close to matching.
“Dubai continues to demonstrate a level of forward demand that is structurally different from most international property markets,” said Firas Al Msaddi, CEO of fäm Properties.
“When nearly all of next year’s deliveries and more than 70% of the next four years are already sold, it fundamentally changes how supply risk and market stability should be assessed.
“This reflects the confidence that buyers, both regional and international, have placed in a market built on transparency, strong regulatory foundations and a long-term vision that continues to attract commitment well ahead of delivery.”
Within the 2026 pipeline, absorption is consistently high across all of the market’s leading developers. Emaar has sold 99.1% of its 9,085 scheduled units, Meraas 99.77% of 2,615, with Dubai Holding and Meydan both fully sold out.
DAMAC stands at 99.17% and Danube at 99.55%, while Binghatti, carrying the largest single volume with 20,906 units due this year, has sold 87.31% of them.
Spanning the full market, encompassing tens of thousands of homes launched across one of the most active periods of project activity the emirate has seen, the data tells a consistent story.
Of the 111,408 units scheduled for delivery in Dubai in 2026, 87,514 have already been sold, an absorption rate of 78.55%. In 2027, 87,840 of 133,618 units are sold at 65.74%.
In 2028 the figure stands at 71.97% with 89,879 of 124,889 units already placed, and in 2029, 39,260 of 56,267 units are sold at 69.77%. Across all four years, 304,493 of 426,182 tracked units have a buyer behind them, a blended rate of 71.45%.
For context, since records began, the entire Dubai market inventory stands at 548,106 units launched, 400,038 sold, and an aggregate absorption rate of 72.99%. The four-year forward pipeline is performing in precise alignment with Dubai’s long-run market average.
In London, one of the world’s most established residential markets, just 8,436 new private homes were sold across the whole of 2025, according to data from Molior and research from Knight Frank published in early 2026.
This shows how rarely even the most mature markets sustain the level of forward absorption that Dubai has recorded across its entire active pipeline.
PROJECTS TO BE HANDED OVER IN 2026 BY MAJOR DEVELOPERS
|
|
Developer |
Total Units |
Sold Units |
Absorption Rate |
|
1 |
Emaar |
9,085 |
9,003 |
99.1% |
|
2 |
Meraas |
2,615 |
2.609 |
99.77% |
|
3 |
Dubai Holding |
326 |
326 |
100% |
|
4 |
Meydan |
435 |
435 |
100% |
|
5 |
DAMAC |
1,324 |
1,313 |
99.17% |
|
6 |
Danube |
3,348 |
3,333 |
99.55% |
|
7 |
Nakheel |
2,799 |
2,617 |
93.5% |
|
8 |
Ellington |
1,170 |
1,101 |
94.1% |
|
9 |
Imtiaz |
2,209 |
2,024 |
91.63% |
|
10 |
Binghatti |
20,906 |
18,254 |
87.31% |
|
|
Totals |
43,217 |
41,015 |
94.91% |
FOUR-YEAR DELIVERY PIPELINE FOR ALL DEVELOPERS
|
Delivery |
Units |
Sold Units |
Absorption Rate |
|
2026 |
111,408 |
87,514 |
78.55% |
|
2027 |
133,618 |
87,840 |
65.74% |
|
2028 |
124,889 |
89,879 |
71.97% |
|
2029 |
56,267 |
39,260 |
69.77% |
|
Totals |
426,182 |
304,493 |
71.45% |
20, Apr 2026
India’s Power Transmission Sector to Attract INR 9 Trillion Investment by 2032: Report
New Delhi, Apr 20 (BNP): India’s power transmission sector is set for a significant expansion, with projected investments of around ₹9 trillion by 2032, according to a recent industry report. The surge in capital expenditure is expected to be driven by rising electricity demand, rapid infrastructure growth, and the country’s ongoing clean energy transition.
The report states that the planned investments will focus on strengthening the national transmission backbone, expanding interstate power corridors, and enhancing the system’s ability to integrate large-scale renewable energy.
A major priority will be improving transmission capacity from renewable energy hubs to consumption centres, ensuring smoother evacuation of solar and wind power. Upgradation of grid infrastructure and adoption of advanced technologies for better load management are also expected to be key focus areas.
Experts note that India’s evolving energy landscape requires a more flexible and resilient transmission network capable of handling fluctuating renewable output alongside growing industrial and urban demand.
The report further highlights that policy support, regulatory reforms, and increasing private sector participation are likely to sustain long-term investment momentum in the sector.
Overall, the projected capex underscores the critical role of transmission infrastructure in strengthening energy security, supporting economic expansion, and enabling India’s transition toward a cleaner and more efficient power system.
