Category Archives: Business

NILE Hospitality Launches ‘Holidays With NILE’ Summer Vacation Offer Across India

May 6: NILE Hospitality has announced its special summer vacation campaign, ‘Holidays With NILE’, across its properties in nine destinations, including Udaipur, Kandla, Amritsar, Indore, Dwarka, Bhuj, Sasan Gir, Navsari and Narkanda. Designed especially for families planning their summer holidays, the offer includes a complimentary room for children in select hotels, making travel more comfortable, convenient and memorable.

The offer is available till September across all participating NILE Hospitality properties. With summer vacations being one of the most preferred travel periods for families, the initiative aims to provide guests with a more relaxed and value-driven holiday experience.

From cultural escapes in Udaipur and Bhuj to spiritual getaways in Dwarka and Amritsar, peaceful retreats in Narkanda, business and leisure stays in Indore and Kandla, and nature-led experiences in Sasan Gir, NILE Hospitality offers travellers a wide range of destinations to explore during the holiday season.

The special summer vacation offer is aimed at families looking for short breaks, leisure holidays, spiritual trips, wildlife getaways and relaxed stays across India. Guests can book their stays at participating NILE Hospitality properties and avail the offer until September end, subject to availability and applicable terms.

NILE Hospitality continues to strengthen its presence across India through a growing portfolio of hotels that cater to both business and leisure travellers. With a focus on comfort, service excellence and guest-centric experiences, the company remains committed to creating meaningful stays across emerging and established destinations.

 

PM Modi and President To Lam Chart Next Phase of India–Vietnam Strategic Partnership

New Delhi, May 6 (BNP): Prime Minister Narendra Modi held bilateral talks with Vietnamese President To Lam at Hyderabad House, focusing on strengthening the India–Vietnam Comprehensive Strategic Partnership.

The discussions covered key areas of cooperation including trade and investment, defence and security, digital technology, energy, and connectivity. Both leaders also exchanged views on regional and global developments of mutual interest.

The meeting emphasized enhancing economic engagement, improving supply chain resilience, and exploring new opportunities in emerging sectors such as infrastructure, critical minerals, and innovation-led growth.

The visit comes at a significant milestone as both countries mark 10 years of their upgraded strategic partnership. The engagement is expected to further deepen bilateral ties and open new avenues for cooperation between India and Vietnam.

Hisense India Appoints Rahul Khanna as Head Home Appliances to Drive Next Phase of Growth

Welcoming Rahul to the organization, Pankaj Rana, CEO, Hisense India, said, “We are delighted to welcome Rahul to Hisense India at a pivotal moment in our growth journey. As we expand into new product categories, his leadership will be instrumental in building a strong appliances portfolio grounded in innovation, speed, and execution. We are excited about the road ahead as we continue to bring world-class technology closer to Indian consumers. India’s appliance and consumer electronics market is poised for significant expansion, with strong tailwinds from rising incomes, rural demand, and increased investments in local manufacturing and AI-led innovation. Having observed over 50% growth in CY25 compared to CY24, Hisense India is well positioned to meet evolving consumer demand and bring innovative home appliance technologies to the market at accessible price points. Let’s build big and move fast.”

Commenting on his appointment, Rahul Khanna, Head – Home Appliances (Washing Machines, Refrigerators and SDA), Hisense India, said, “I am excited to join Hisense India at such an important phase of its journey. The opportunity to build and scale new categories with a brand that is globally recognized for innovation is truly inspiring. I look forward to contributing to the company’s vision by delivering high-quality, technology-driven products that resonate with Indian consumers.”

Odisha Investors’ Meet Showcases State as Emerging Industrial Growth Destination

Gold, Silver Steady as Middle East Tensions and US–Iran Talks Weigh on Markets

May 6 (BNP): Gold and silver prices showed mixed movement on Tuesday as investors closely tracked geopolitical tensions in the Middle East alongside uncertain progress in US–Iran discussions.

Market sentiment remained cautious amid renewed instability in the Gulf region. Reports of fresh hostilities and military activity in the Strait of Hormuz have raised concerns over global energy and trade routes, keeping safe-haven demand for precious metals supported.

The situation intensified after both the United States and Iran engaged in actions in the region, further unsettling an already fragile security environment. These developments have added volatility to global markets, influencing investor positioning in gold and silver.

Despite ongoing geopolitical risks, prices remained largely stable as traders balanced safe-haven demand with broader economic considerations and expectations around diplomatic negotiations.

Overall, precious metal markets continue to react to evolving geopolitical headlines, with investors remaining alert to developments that could impact global stability and commodity flows.

Jaishankar Highlights Strong India–Suriname Civilisational Ties

Paramaribo (Suriname), May 6 (BNP): External Affairs Minister S. Jaishankar, on his first official visit to Suriname, emphasized the strong historical and cultural bonds between the two countries, describing the relationship as one rooted in shared heritage and enduring people-to-people connections.

 Pic Credit: https://x.com/DrSJaishankar

He noted that India’s engagement with Suriname goes beyond traditional diplomacy, reflecting deep civilisational linkages shaped by migration history and cultural affinity, particularly among the Indian-origin community in the Caribbean and South American region.

The Minister highlighted that these longstanding ties continue to serve as a foundation for expanding cooperation in key areas such as trade, development partnership, digital initiatives, capacity building, and cultural exchange.

Reaffirming India’s commitment, Jaishankar said both nations are working to further strengthen bilateral relations and explore new avenues of collaboration that benefit their people.

The visit is seen as part of India’s broader outreach to deepen engagement with partner countries through cultural and developmental diplomacy.

Cabinet Approves Major Infra, Judiciary, and Farm Sector Reforms

New Delhi, May 6 (BNP): The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a series of major decisions aimed at strengthening infrastructure, judicial capacity, agriculture, industry, and maritime development.

Under the PM-Gati Shakti National Master Plan, the Cabinet approved three multitracking railway projects covering 19 districts across Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra Pradesh, and Telangana, aimed at improving connectivity and logistics efficiency.

In judicial reforms, the Cabinet approved the introduction of the Supreme Court (Number of Judges) Amendment Bill, 2026, to increase the strength of the Supreme Court of India from 33 to 37 judges (excluding the Chief Justice), supporting faster delivery of justice.

For the agriculture sector, the government fixed the Fair and Remunerative Price (FRP) of sugarcane at ₹365 per quintal for the 2026–27 season, benefiting millions of farmers and workers engaged in the sugar industry.

The Cabinet also approved the “Mission for Cotton Productivity” with an outlay of ₹5,659.22 crore to boost cotton yields, promote advanced farming technologies, and enhance India’s competitiveness in global textile markets by 2030–31.

In a major maritime infrastructure push, the government announced the development of a state-of-the-art Ship Repair Facility at Vadinar, Gujarat. The project will significantly expand India’s ship repair ecosystem and is expected to generate both direct and indirect employment. It will also promote skill development and support the growth of maritime ancillary industries and MSMEs in the surrounding region.

These initiatives collectively aim to strengthen infrastructure, improve governance efficiency, support farmers, boost industrial growth, and enhance India’s maritime capabilities.

Four Industry Veterans Launch Daksham Capital, a Premium Family Office and Financial Services Firm

New Delhi, May 6: In a move shaped by shared conviction and complementary expertise, four seasoned leaders from the financial services industry have come together to launch Daksham Capital, a multi-family office, premium private banking and wealth management firm serving high-net-worth and ultra-high-net-worth individuals, family-owned businesses, CXOs and global Indian investors.

Headquartered in Delhi-NCR region, the firm is led by Saket Lakhotia (Group CEO) (CA,CS IIM Indore), Astha Mago (COO) (CA, Alumni of IIM Ahmd), Achin Bhardwaj (Jt. CIO) (CFA,SRCC, Masters in Finance, DU) and Pankaj Kedia (Jt. CIO) ( CA,CS MDI Gurgaon), bringing rich experience spanning private banking, fund management, investment banking, corporate advisory and institutional finance. Together, the leadership team brings a blend of strategic management, market insight and institutional experience.

With India’s serviceable wealth pool set to triple to ~$9 trillion by 2035, Daksham Capital aims to address fragmented advisory through an integrated, research-led wealth platform. Saket Lakhotia, Group CEO said, “India’s wealth management landscape is at an inflection point. Clients today are more informed and more discerning than ever before — they expect institutional rigour, beyond just relationship-driven advice. Our investment framework is built around that expectation, combining proprietary research with a disciplined, process-driven approach to deliver consistent, long-term outcomes.”

At its core, Daksham Capital is built around a research-first and process-driven approach. The platform combines institutional-grade research, proprietary allocation models, disciplined product selection frameworks, and continuous portfolio monitoring to help clients navigate an increasingly complex investment environment. Daksham follows a process-based approach to risk management and return optimization, ensuring that every portfolio decision is evaluated through the lens of suitability, diversification, liquidity, risk, and long-term wealth outcomes.

Daksham Capital’s guiding principles are anchored in its “Daksham Compass” — Wisdom, Stability, Ethics, and Niche. These principles reflect the firm’s commitment to experience-backed insights, disciplined processes, personalized solutions, and uncompromising integrity. Trust, transparency, and accountability remain central to the firm’s advisory philosophy.

The firm combines human insight with algorithmic precision, leveraging data intelligence, analytics and AI-driven advisory to enable clarity, agility and control.

With a prior track record of advising 600+ clients amounting to $1 bn+ of assets under advisory, Daksham Capital combines institutional depth with diligent processes and is well positioned to bring a fresh approach to a rapidly growing industry. It is entering the market with a focus on delivering disciplined, transparent and long-term wealth strategies.

India Services Growth Hits 5-Month High in April

May 6 (BNP): India’s services sector gained momentum in April, rising to a five-month high as stronger demand and new business orders supported overall expansion, according to the latest HSBC Services PMI data compiled by S&P Global.

The seasonally adjusted index increased to 58.7 in April from 58.5 in March, marking the 45th consecutive month above the 50-point threshold that separates growth from contraction.

The improvement was driven by a sharp rise in new orders, which also encouraged companies to increase hiring at a faster pace to meet rising workload. Employment growth reached a ten-month high as firms expanded capacity to handle stronger business inflows.

International demand also strengthened, with export orders rising at their fastest pace since July 2024, supported by clients from Asia, Europe, West Asia, and the United States. Finance and insurance sectors led the growth, while consumer services also showed strong performance.

Although input cost pressures eased to a six-month low, companies raised selling prices at a quicker rate, reflecting higher wage and transportation expenses.

Despite a slight dip in business confidence, firms remained broadly optimistic about continued growth in the coming months, supported by steady demand conditions and improving market activity.

Indian Firms Announce Dollar 20.5 Billion Investment in US

New Delhi, May 6 (BNP): Indian companies have announced a record $20.5 billion investment commitment in the United States during the SelectUSA Summit, highlighting strong and growing economic engagement between the two countries.

About 12 Indian firms confirmed immediate investment deals across key sectors including technology, manufacturing, and clean energy. These investments are expected to support job creation, strengthen industrial partnerships, and enhance supply chain linkages between India and the US.

The announcement reflects increasing confidence among Indian businesses in the US market and underscores expanding bilateral commercial cooperation. The investments are also seen as a step toward deeper economic integration and long-term strategic business partnerships between the two nations.