Category Archives: Business

Government Strengthens Norms Committees to Enhance Ease of Doing Business for Exporters

New Delhi, Apr 18 (BNP): The Government of India has taken a series of targeted reforms to improve trade facilitation and strengthen the functioning of Norms Committees under the Directorate General of Foreign Trade (DGFT), in line with its broader commitment to Ease of Doing Business for exporters.

Pic Credit: Pexel 

The reforms aim to make decision-making faster, more transparent, and more efficient for export-related processes. By improving the functioning of Norms Committees, the government seeks to reduce delays in approvals and simplify procedural requirements faced by exporters.

These committees play a key role in setting and reviewing input-output norms, which determine the quantity of raw materials required for producing export goods. Streamlining their functioning is expected to help exporters receive quicker clarifications and approvals, thereby improving operational efficiency.

The initiative is also intended to strengthen India’s export ecosystem by reducing compliance burden and improving predictability in trade procedures. This is expected to benefit businesses, especially small and medium exporters, by making processes more responsive and business-friendly.

Overall, the reforms reflect the government’s continued focus on improving trade facilitation, enhancing administrative efficiency, and supporting exporters in accessing global markets more effectively.

India’s Startup Boom Accelerates with 55,000 New Recognitions

New Delhi, Apr 18 (BNP): The Government of India has announced that more than 55,200 startups were recognised in FY2025–26, marking the highest annual figure since the launch of the Startup India initiative in 2016.

Launched on 16 January 2016, the Startup India programme was designed to build a strong ecosystem for innovation, encourage private investment, and support entrepreneurs through targeted policy measures and financial incentives.

Strong expansion in jobs and ecosystem growth

Since its inception, the initiative has supported the creation of over 2.23 lakh recognised startups as of March 2026, which together have generated more than 23.36 lakh direct jobs across the country.

The latest data shows a sharp year-on-year rise, with startup recognitions increasing by 51.6% compared to FY2024–25. During the same period, direct employment generated by startups rose by 36.1%, reflecting their growing contribution to India’s job market.

Startups are now present across all States and Union Territories, with major hubs including Maharashtra, Karnataka, Uttar Pradesh, Delhi, and Gujarat leading in both startup numbers and employment generation.

Women-led participation and inclusivity

The ecosystem has also become more inclusive, with over 1.07 lakh startups having at least one woman director or partner, accounting for nearly 48% of all recognised startups, highlighting increasing participation of women in entrepreneurship.

State-wise startup distribution highlights

Leading states continue to dominate the startup landscape:

• Maharashtra leads with over 38,000 startups
• Karnataka and Uttar Pradesh each have over 21,000 startups
• Delhi and Gujarat also remain key innovation hubs

These states also account for a large share of employment generated by startups, reinforcing regional centres of innovation.

Government support and funding push

The government continues to strengthen the ecosystem through flagship schemes such as:

• Fund of Funds for Startups (FFS)
• Startup India Seed Fund Scheme (SISFS)
• Credit Guarantee Scheme for Startups (CGSS)

Under FFS, over ₹7,000 crore has been disbursed to Alternative Investment Funds, which have further invested in more than 1,420 startups. A new expanded fund with a corpus of ₹10,000 crore has also been introduced to sustain long-term startup financing.

Under SISFS, over ₹605 crore has been approved for more than 3,400 startups, while CGSS has facilitated loans worth over ₹1,250 crore to improve access to credit for emerging businesses.

Innovation and intellectual property growth

Startup-led innovation has also accelerated significantly, with more than 19,400 patent applications filed. Patent filings have seen strong growth, rising sharply in FY2025–26 compared to the previous year, reflecting increasing focus on technology and intellectual property creation.

Outlook

The rapid expansion of India’s startup ecosystem underscores its growing role as a key driver of economic growth, innovation, and employment generation. With continued policy support and rising entrepreneurial activity, startups are increasingly shaping India’s transition toward a knowledge-driven and innovation-led economy.

India’s Gold Market Shows Resilience Ahead of Akshaya Tritiya, Investment Demand Rises

New Delhi, Apr 18 (BNP): Gold demand in India is expected to remain resilient ahead of Akshaya Tritiya, supported by cultural traditions, shifting consumer preferences, and continued interest in precious metals as a safe-haven asset amid global uncertainty.

The outlook comes as gold prices have risen significantly over the past year, with industry estimates indicating an increase of around 14–16% year-to-date and a much sharper rise compared to the same festive period last year. Despite higher prices, demand has not weakened, but has instead adjusted in form and buying patterns.

Market participants note that Akshaya Tritiya continues to be one of the most important gold-buying occasions in India, symbolising prosperity and long-term value creation. While volatility in global markets has influenced short-term sentiment, periods of price stability and mild corrections are encouraging steady retail participation.

Industry voices highlight a clear shift in consumer behaviour. Traditional jewellery demand remains strong, but buyers are increasingly opting for lightweight jewellery, coins, and bars, where value is closely tied to purity and metal content. Investment demand is also expanding, with growing interest in digital gold and gold exchange-traded funds (ETFs), reflecting a more structured approach to wealth creation.

Silver is also gaining attention, supported not only by investment demand but also by industrial usage in sectors such as renewable energy and electronics, adding a new layer of long-term demand strength.

Platforms are also leveraging festive sentiment to engage consumers. Financial services companies such as BharatPe have introduced campaign-based initiatives like the ‘Akshaya Tritiya Gold Mahotsav’, offering rewards and incentives on digital gold purchases, reflecting the increasing digitisation of gold investment.

Experts expect near-term price fluctuations to continue, influenced by global macroeconomic conditions, currency movements, and geopolitical developments. However, the broader outlook for precious metals remains supported by sustained central bank buying, portfolio diversification trends, and gold’s continued role as a hedge against uncertainty.

Overall, the market outlook suggests that while buying patterns are evolving, gold and silver continue to hold a strong position in both cultural and investment portfolios across India.

India’s Power Demand Recovery to Fuel Renewable Energy Expansion

New Delhi, Apr 18 (BNP): Jefferies has projected a significant expansion in India’s renewable energy capacity, estimating it could reach around 359 GW between FY25 and FY30. The outlook reflects a growing emphasis on energy security, evolving demand patterns, and continued policy support for clean energy development.

According to the report, India’s power demand is expected to recover strongly, with growth potentially reaching around 6% by FY27, supported by improving industrial activity and broader economic normalization. Seasonal and climatic factors are also expected to influence consumption trends in the coming years.

Weather conditions linked to a likely El Niño phase during the upcoming monsoon season could further impact electricity usage. Lower rainfall typically increases demand from households and agriculture, where electricity is widely used for cooling, irrigation, and pumping activities.

While renewable energy remains a central pillar of India’s long-term energy strategy, the country continues to expand thermal capacity to ensure grid stability and meet rising demand. Additional thermal power projects are planned over the next decade to support a balanced and reliable energy mix.

The report also highlights strong momentum in domestic solar manufacturing, supported by government-led initiatives such as rooftop solar programs and agricultural solar pump schemes. These initiatives are increasing installed capacity while encouraging greater use of locally manufactured components.

Policy measures aimed at strengthening domestic production of key solar materials, including ingots and wafers, are expected to further deepen backward integration in the renewable energy supply chain. However, the capital-intensive nature of these investments may favour companies with strong financial capacity.

Overall, the report suggests that India’s energy transition will be shaped by a combination of rising demand, policy support, manufacturing growth, and the need to maintain energy security in a changing global environment.

India, Austria launch fast-track system to boost investment ties

New Delhi, Apr 18 (BNP): India and Austria have jointly introduced a bilateral fast-track mechanism aimed at improving investment flows and strengthening economic cooperation between the two countries.

The newly launched system is designed to support businesses and investors by providing a structured platform to address challenges, streamline processes, and enhance the overall ease of doing business. It will enable companies from both countries to raise concerns, seek quicker resolutions, and engage directly with relevant authorities.

The mechanism is expected to reduce procedural delays and create a more efficient and predictable investment environment. It also encourages the exchange of suggestions between the two sides to further improve regulatory frameworks and business conditions.

A fast-track mechanism refers to a dedicated system that accelerates approvals and resolves issues faced by investors in a timely manner. By simplifying procedures and improving coordination, it helps businesses operate more smoothly and with greater confidence.

This initiative marks a significant step toward deepening bilateral economic ties and fostering greater collaboration between businesses in India and Austria.

Oil prices drop, global markets rally on easing US-Iran tensions

Apr 18 (BNP): Global financial markets saw a strong upswing after tensions between the United States and Iran showed signs of easing, lifting investor confidence across regions.

Oil prices declined sharply as fears of supply disruptions eased, particularly around the Strait of Hormuz, a critical route for global crude shipments. The earlier spike in prices, driven by geopolitical uncertainty, began to reverse as stability returned to the region.

Equity markets responded positively to the development. Major indices in the United States recorded notable gains, with technology and consumer sectors leading the rally. Lower oil prices also raised expectations of reduced inflationary pressure, further supporting market sentiment.

European and Asian markets followed the upward trend, reflecting a broader sense of relief among investors. Sectors sensitive to fuel costs, such as aviation and logistics, performed well, while energy stocks came under pressure due to falling crude prices.

Despite the optimism, market participants remain watchful. The sustainability of the current rally depends on how long the geopolitical calm holds, as any renewed tensions could quickly impact oil prices and global equities.

Vyapar Delhi 2026 Concludes in New Delhi; Auto Retail, Government & OEM Leaders Chart the Roadmap for a Greener, Inclusive Mobility Transition

Mumbai / New Delhi Apr 18: The Federation of Automobile Dealers Associations (FADA) today successfully concluded the 3rd Edition of Vyapar Delhi and 22nd Vyapar conclave nationally at Le Méridien, New Delhi. Held under the theme “Vyapar Delhi – Badalti Dilli”, the high-level industry forum brought together over 200 automobile dealers, senior policymakers, OEM leaders, financial institutions and domain experts to deliberate on the future of automotive retail and mobility in the National Capital Region.

The conclave was graced by Smt. Rekha Gupta, Hon’ble Chief Minister, Government of NCT of Delhi, as the Chief Guest, highlighting the critical role of the automobile retail sector in Delhi’s economic growth, employment generation, road safety and environmental transition.

Focused Dialogue on Policy, Compliance and Ease of Doing Business

 Vyapar Delhi 2026 featured policy-centric discussions and fireside chats addressing some of the most pressing challenges facing automobile dealers in the capital, including:

• Draft Delhi Electric Vehicle Policy,
• Vehicle Scrappage Policy,
• MCD classification of workshops – industrial vs commercial, and
• the long-pending Compensation Cess issue.

A dedicated technical session on Compensation Cess provided legal clarity and the road ahead for protecting dealers’ legitimate financial credits.

‘Badalti Dilli’: Reimagining Passenger Mobility

A key highlight of the conclave was the panel discussion titled “Badalti Dilli: Reimagining Passenger Mobility in India’s Capital”, featuring senior leadership from leading automobile manufacturers, including JSW Motors, Volvo Car India, Honda Cars India, BYD India and Nissan Motor India.

The discussion explored changing consumer expectations, electrification pathways, product strategy and the role of dealers as critical enablers of India’s mobility transition.

Smt. Rekha Gupta, Hon’ble Chief Minister, Govt of NCT of Delhi said- “We are committed to the mission of a ‘Clean Delhi, Green Delhi, and Smart Delhi.’ Our government has introduced the country’s most comprehensive EV Policy, allocating ₹4,000 crore over the next four years to provide subsidies, tax waivers, and scrapping incentives that drive us toward green mobility. To tackle pollution at its source, we are revolutionizing our transportation sector through massive investments, for the Metro and the establishment of automated fitness centers to ensure every vehicle on our roads is fit and emission-free. A ‘Viksit Bharat’ by 2047 is only possible with a ‘Viksit Delhi.’ I call upon our automobile dealers to act as the government‘s ‘working hands’ in motivating citizens to shift to clean energy. We are streamlining our policies to make registration easier and more efficient, ensuring that the people of Delhi have a world-class, environment-friendly experience right here in the capital. Together, we will transform Delhi into a city that defines the future of sustainable urban living.”

Mr. C. S. Vigneshwar, President, FADA, stressed the need for a balanced and inclusive approach to Delhi’s transformation: “Delhi is in motion, not just on its roads, but in its ambition, and at FADA, we believe automobile dealers must be full partners in this transformation. While we fully support the city’s commitment to a greener future and the Draft EV Policy, it is vital that this transition includes the 17,500 trained professionals whose livelihoods are woven into Delhi’s automotive ecosystem. Our vision of ‘Badalti Dilli’ is one where enablement moves faster than enforcement, where economic growth, road safety initiatives like CPR training and our ‘Buckle Up’ campaign, and environmental responsibility progress together without leaving anyone behind.”

He reiterated FADA’s continued engagement with policymakers, leadership development through FADA Academy, GenX and Women in FADA, as well as sustained legal efforts on the Compensation Cess matter.

Technology, Safety and Future Readiness

The conclave also featured sessions on AI-led dealership transformation, future-ready retail practices, and presentations by leading finance and technology partners.

Road safety remained a strong undercurrent throughout the day, with FADA reaffirming its commitment to helmet and seatbelt awareness, responsible driving behaviour, and CPR and first-response training at dealership levels.

Shri Shailender Luthra, Chairperson, FADA Delhi, said “Today’s gathering reflects a changing Delhi and an evolving auto retail trade. The sector today is vastly different from what it was five years ago, and we are witnessing a significant shift driven by rising consumer confidence and aspiration, with Delhi recording a 17% growth in vehicle sales as of March 2026. Annual new vehicle registrations stood at nearly 8 lakh units. Our industry remains a vital pillar of the city’s economy, with 550 dealership outlets providing employment to over 55,000 individuals and contributing approximately ₹7,150 crore to Delhi’s revenues through motor vehicle taxes and GST—₹2,650 crore annually in motor vehicle tax and ₹4,500 crore as GST contribution from the auto sector. The data clearly shows that India is no longer debating electric vehicle adoption; it is actively embracing it. Delhi has witnessed a sharp increase in electric commercial vehicles and a 62% rise in electric two-wheeler adoption. To support and lead this transition, FADA has proposed to the Delhi Government the installation of 150 public charging stations at our own cost. In parallel, we are committed to strengthening local employment through skill development centres at ITIs and have also proposed the establishment of a vehicle scrappage centre to further support the government’s environmental objectives. At FADA, we believe we are doing far more than selling vehicles—we are shaping the future of mobility. As Delhi and its businesses evolve, I am confident that our dealers will not only keep pace with change but will lead this vital transformation towards a sustainable future.” 

Vyapar Delhi 2026 reaffirmed FADA’s role as a constructive stakeholder in shaping policy, supporting environmental goals, strengthening road safety outcomes and safeguarding livelihoods ensuring that as Delhi evolves, its mobility ecosystem evolves responsibly and inclusively.

FLO Hyderabad presents “Unscripted: Life, Legacy & Reinvention” Featuring Neena Gupta and Masaba Gupta

 Women’s Reservation Bill Marks a Defining Moment—Leadership Begins Here.  The Next MP or MLA could already be in this room” — Seetha Reddy, Chairperson, FLO 

Hyderabad | Apr 18: FICCI Ladies Organisation (FLO) Hyderabad, under the leadership of Chairperson Seetha Reddy, hosted “Unscripted: Life, Legacy & Reinvention” at ITC Kohenur on Friday evening, bringing together acclaimed actor Neena Gupta and celebrated designer-entrepreneur Masaba Gupta for an engaging and candid conversation on resilience, reinvention, and individuality.

Delivering her welcome address, Seetha Reddy said: “As we step into this milestone 25th year of FLO Hyderabad, it is a moment of both reflection and renewed purpose. ‘Unscripted’ is not just a conversation—it is a reminder that every woman’s journey is unique, evolving, and powerful. Through platforms like these, we hope to inspire women to embrace their own narratives with confidence, to step forward, be heard, and lead. Because real change happens when every voice matters—and when every voice rises together.”

She further added, “This is truly a defining moment for all of us as women. I would also like to acknowledge the importance of the Women’s Reservation Bill. If the bill passed,  it is only a matter of time before we see familiar FLO faces stepping into leadership roles—perhaps the next MP or MLA is already in this room.”

The mother-daughter duo was in conversation with Seetha Reddy. Opening the session, Masaba Gupta reflected on carving her own path, saying that while being the daughter of accomplished parents could have been pressurising in fields like sports or acting, she never felt that burden in fashion. “I experienced it as a positive pressure,” she noted.

Neena Gupta, in her candid and characteristic style, shared her life philosophy: “Kaam maangne mein sharam nahi honi chahiye (one should never hesitate to seek work), but paise maangne mein sharam honi chahiye (one must be mindful when asking for money). Work is worship. If you work hard, there is no time for depression. No work is small. If you are educated and willing to work, you will never go hungry.”

She further added, “There is no point in being shy. Sell your expertise. Be honest with yourself, but you don’t need to display everything outwardly. Make the most of what you have.”

Reflecting on her career, Neena Gupta shared that she experienced true success at the age of 60 with her role in Badhaai Ho. “That film brought me recognition and renewed appreciation. Suddenly, I was seen differently. Success changes perceptions,” she said with her trademark humour, adding that she became more selective with roles after that phase.

Masaba Gupta, speaking about entrepreneurship, highlighted the importance of instinct and decision-making. “If I had learned to say ‘no’ earlier, I might have been a better entrepreneur. It’s difficult, but necessary. I am not driven by trends or the market—I follow my gut and aim to set trends,” she said.

She also shared a lighter personal note: “For my mother and me, jewellery shopping is therapeutic—it’s a joyful space.” She added that both jewellery and beauty ventures are extensions of her creative expression.

Addressing the realities of entrepreneurship, Masaba noted, “The founder’s journey is inherently lonely. Decision-making is often solitary. But success or failure is never final—what matters is to keep going and not give up.”

On financial prudence, Neena Gupta remarked, “I am an FD (Fixed Deposit) person. I have always taken a cautious approach to money. Whether in failure or success, I never had the luxury of dwelling in depression.”

In her closing message, Neena encouraged the audience to pursue passion: “Have a shauk (deep desire), and you can achieve anything.”

Masaba concluded with a practical insight: “In life, you don’t always get what you deserve—you get what you negotiate.”

The session, part of FLO Hyderabad’s landmark 25th-year celebrations, explored personal journeys shaped by courage, authenticity, and reinvention across life stages. The conversation offered valuable insights into navigating challenges, embracing change, and building meaningful legacies.

The event also set the tone for FLO Hyderabad’s Silver Jubilee year, reflecting on 25 years of empowering women through leadership, entrepreneurship, and social impact. Over the years, the chapter has driven significant transformation—supporting women-led enterprises, enabling artisanal clusters to generate over INR 1 crore in sales, impacting more than 600 weavers and artisans, and nurturing over 900 women entrepreneurs.

Seetha Reddy further emphasised that FLO Hyderabad’s journey has been built on vision and collective effort. Key initiatives include the FLO Industrial Park spanning over 50 acres, generating more than 1,500 jobs and attracting investments exceeding INR 250 crore; digital skilling and financial literacy programs reaching over 50,000 women; and sustained artisan support impacting thousands across urban and rural communities.

In its 25th year, FLO Hyderabad will focus on promoting Banjara needlecraft, supporting its evolution through design innovation and enhanced market access.

The event also marked the launch of an exciting annual calendar, including entrepreneurship bootcamps, youth engagement initiatives, financial literacy programs, and flagship platforms such as StyleTatva, which celebrates women-led businesses and creative enterprises.

With “Unscripted,” FLO Hyderabad reaffirmed its commitment to creating platforms where stories are shared, voices amplified, and women empowered to lead with purpose.

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Walk Through Time in India’s Most Remarkable Heritage Cities on World Heritage Day

As travel continues to become more intentional and experience-led, travelers are moving beyond conventional sightseeing in favor of journeys that feel slower, richer, and more immersive. This World Heritage Day, heritage destinations in India are finding renewed relevance among travelers who want to engage more deeply with culture, architecture, and history, while also enjoying the comfort and convenience of well-located stays that make exploration effortless. From the poetic symmetry of Mughal architecture to the intricate artistry of ancient cave temples and the grandeur of Rajasthan’s royal facades, India offers a heritage circuit where every destination tells a story worth lingering over.

Agra: A Timeless Ode to Love at the Taj Mahal 

No exploration of India’s heritage is complete without witnessing the ethereal beauty of the Taj Mahal. Built in white marble and celebrated for its intricate craftsmanship, this monument continues to captivate travelers from around the world. Agra’s charm extends beyond the Taj, with its rich Mughal legacy reflected across forts, gardens, and local artistry.

For those planning a cultural getaway, a stay at Holiday Inn Agra MG Road offers a convenient base in the heart of the city, allowing easy access to iconic landmarks while providing a comfortable and contemporary retreat.

Delhi: Layers of History at Qutub Minar and Humayun’s Tomb      

Delhi stands as a living archive of India’s past, where centuries of history coexist with a vibrant, modern energy. The towering presence of the Qutub Minar and the serene symmetry of Humayun’s Tomb offer a glimpse into the architectural evolution of the capital. Located in South Delhi, Crowne Plaza New Delhi Okhla provides a convenient base for travelers looking to explore the capital’s historic landmarks with ease.

Rajasthan: Living Royalty at Fort Barwara and Ranthambore Fort

Rajasthan offers a deeply immersive journey into India’s regal past, where grand forts and timeless traditions continue to shape its cultural identity. The historic Ranthambore Fort stands as a testament to the region’s layered history, offering panoramic views and a glimpse into its storied legacy. For those seeking to go beyond sightseeing, Six Senses Fort Barwara presents a unique opportunity to experience heritage from within. Thoughtfully restored, the property brings together architectural grandeur, cultural richness, and a slower, more mindful pace of travel, allowing guests to engage with Rajasthan’s past not just as observers, but as part of a living, evolving narrative.

Maharashtra: From Ancient Rock Cut Marvels to Coastal Icons

Maharashtra presents a diverse heritage narrative, from the intricate rock-cut brilliance of the Ajanta Caves and Ellora Caves to the colonial-era prominence of the Gateway of India. While the caves reflect centuries-old artistic and spiritual traditions, Mumbai offers a contemporary cultural lens shaped by history and urban evolution.
When in Mumbai, a stay at InterContinental Marine Drive Mumbai places travelers along the iconic coastline, close to key landmarks, blending heritage exploration with scenic indulgence.

Jaipur: Royal Grandeur at the Hawa Mahal

Jaipur’s Pink City continues to enchant with its regal architecture and vibrant cultural fabric. The Hawa Mahal, with its distinctive façade and historical significance, stands as a testament to Rajasthan’s royal past and architectural ingenuity.

Enhancing this experience, a stay at InterContinental Jaipur Tonk Road reflects the city’s character, where modern comforts are seamlessly woven with local design sensibilities, allowing travellers to immerse themselves in Jaipur’s rich heritage.

Jim Corbett: A Living Legacy of India’s Natural Heritage

Not all heritage is carved in stone- some of it lives and breathes in the wild. Jim Corbett National Park offers a unique perspective on India’s heritage, where conservation and wilderness take center stage, shaping a legacy that continues to evolve. Established as India’s first national park, it reflects the country’s early conservation efforts, with its dense forests, riverine landscapes, and rich biodiversity inviting travellers to experience nature in its most immersive form.

Enhancing this experience, a stay at Jim Corbett Marriott Resort & Spa offers a tranquil base amidst the wilderness, where comfort blends seamlessly with the surrounding landscape, allowing us to engage with this natural heritage at a slower, more mindful pace.

Rupee Strengthens to 92.95; Commodities Trade Mixed