BNW Developments Stands Tall with the UAE

One of the first firms to showcase its belief in the UAE through multi-emirate OOH tributes, new projects, and a zero-layoffs policy.

DUBAI, UAE — Apr 10 — BNW Developments has unveiled prominent installations in both Dubai and Ras Al Khaimah, serving as a visual tribute to the leadership of the UAE and a public reaffirmation of the nation’s enduring resilience.

The installation along Al Khail Road in Dubai features His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Simultaneously, the developer has unveiled a dedicated tribute in Ras Al Khaimah featuring His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Council Member and Ruler of Ras Al Khaimah, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE.

As one of the UAE’s fastest-growing developers, BNW’s growth has been built on the country’s foundation of stability and ambition. These installations are a statement of intent, aligning the developer’s trajectory with the UAE’s wider vision for the future.

At a time when global markets face uncertainty, BNW is proving that nothing is stopping its momentum. Following the recent launch of its latest landmark project, Orvessa Residences by Michel Adam in Dubai, the firm is demonstrating its conviction through tangible action.

Furthermore, while many industries have tightened operations, BNW has maintained a strict “zero layoffs” policy, choosing instead to invest in its human capital. The company continues to roll out internal promotions and is actively expanding its footprint, recently welcoming a wave of new senior management leadership to steer its next phase of development.

“The UAE provides more than just a platform for business; it provides a sense of certainty,” said Dr. (CA) Ankur Aggarwal, Chairman and Founder of BNW Developments. “This tribute is rooted in a genuine belief in the resilience that defines this nation. We chose to build here because the leadership’s clarity makes the impossible feel like a standard.

“Our internal growth—retaining every member of our team and expanding our leadership suite—is a direct result of the confidence we have in this market. We aren’t just building structures; we are building a legacy that mirrors the grit of the UAE. This is our way of acknowledging the inspiration that fuels our own progress.”

The Al Khail and Ras Al Khaimah installations underscore BNW’s commitment to the region, moving beyond real estate to reflect a deeper investment in the national identity. For BNW, business continuity and national pride are not separate; they are the same mission.

RXIL TReDS Crosses Landmark INR 3,00,000 Crore Milestone in Cumulative Invoice Financing

Mumbai, Apr 10:  Receivables Exchange of India Ltd (RXIL), India’s leading RBI-regulated Trade Receivables Discounting System (TReDS) platform, today announced that the cumulative value of invoices financed in the platform since inception, has crossed ₹3,00,000 Crore becoming the first TReDS platform to achieve this milestone. During FY 26, RXIL achieved a total throughput (invoices financed) of ₹1,21,105 crore, registering a 51% growth, reflecting strong momentum in platform adoption and increased participation across stakeholders.

RXIL is now a central pillar of India’s MSME Financing Infrastructure and has , onboarded 72,000+ MSMEs and 3,400+ corporate buyers since inception, and facilitated the financing of over 1.2 crore invoices. The platform enables MSME suppliers to convert their approved receivables into cash without collateral in under 24 hours, through a transparent multi-financier bidding mechanism. This has helped MSMEs reduce their receivable cycles, strengthen creditworthiness and sustain business growth.

After achieving  cumulative throughput of ₹2,00,000 crore in July 2025, RXIL accelerated its growth trajectory by facilitating financing of MSME invoices of another ₹1,00,000 crore in just eight months.

Commenting on the milestone, Shri Manoj Mittal, CMD, SIDBI, and Chairman, RXIL said: “The growing relevance of the TReDS ecosystem underscores its role in addressing MSME working capital needs in a more efficient and transparent manner. Platforms like RXIL TReDS are enabling timely access to finance through digital, market-based mechanisms. As the ecosystem evolves, wider participation from buyers and  financiers will be key to unlocking its full potential.”

This milestone reflects the collective commitment of the Government of India, Reserve Bank of India, and RXIL’s promoter institutions SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank. 

Over the years, RXIL has played a defining role in shaping the TReDS landscape connecting buyers, sellers and financiers on a single digital platform, streamlining payment cycles, and improving working capital efficiency across industries.

The recent policy direction in the Union Budget 2026, with its increased emphasis on scaling the TReDS ecosystem, is expected to further accelerate adoption and deepen credit access for MSMEs.

As India advances towards the vision of Viksit Bharat, RXIL remains committed to enhancing access to formal credit, expanding platform participation, and building a future-ready trade finance ecosystem that empowers enterprises of every scale.

Silver Futures Drop 1.46 pc as Selling Pressure Weighs on Prices

New Delhi, Apr 10 (BNP): Silver prices saw a noticeable dip on Friday, reflecting a cautious mood among traders. On the Multi Commodity Exchange, silver futures for May delivery dropped by ₹3,549, settling at ₹2,40,219 per kilogram—a decline of 1.46%.

Market activity showed moderate participation, with a turnover of 1,718 lots. According to analysts, the fall was largely driven by traders scaling back their positions, leading to a wave of selling pressure in the market.

This pullback suggests a shift in sentiment, as participants appear to be booking profits or adopting a wait-and-watch approach amid uncertain market cues. While such fluctuations are common in commodity markets, the sharp drop highlights how quickly prices can react to changes in trader confidence.

For investors, the movement serves as a reminder of the volatility in precious metals, where prices are often influenced not just by demand and supply, but also by broader market sentiment.

KFON Signs MoU with C-DIT to Strengthen Surveillance Against Waste Dumping

Thiruvananthapuram, Apr 10: To support efforts by grama panchayats to prevent waste dumping in public places, Kerala Fibre Optic Network (KFON) has signed a Memorandum of Understanding (MoU) with the State Centre for Information Technology (C-DIT). As part of the initiative, CCTV cameras will be installed in selected panchayats across various districts in Kerala, with KFON providing the required internet connectivity.

“This collaboration, which leverages technology to control indiscriminate waste dumping, is a timely intervention by KFON,” said Dr. Santhosh Babu IAS (Retd.), Managing Director, KFON. “By providing reliable internet services, KFON will extend full support to efforts aimed at ensuring cleaner and better-managed public spaces,” he added.

The MoU was signed in the presence of Dr. Santhosh Babu IAS (Retd.), Managing Director, KFON, Jayadev Anand, Registrar, C-DIT and other KFON officials. As part of the first phase, C-DIT cameras have already been installed and made operational with KFON internet connectivity in Vadakkanchery (Palakkad), Panniyannur (Kannur), and Pattanakkad (Alappuzha).

The initiative is expected to strengthen monitoring mechanisms and support local bodies in maintaining cleaner public spaces across the state.

RITES-led consortium delivers its 1st Retrofit Metro Trainset to DMRC, equipped with ‘Next-Gen’ PAPIS

Gurugram, April 10: RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering firm, along with its consortium partners r2p Asia-Pacific Pty Ltd., Australia and ACT Fibreglass Ltd., today delivered the first refurbished metro trainset equipped with an advanced IP-based Passenger Announcement and Passenger Information System . The upgraded trainset was flagged-off by Delhi Metro Rail Corporation Managing Director Dr. Vikas Kumar at the Najafgarh Depot, New Delhi.

The system is designed to enhance operational efficiency, passenger convenience & safety and provide onboard communication systems for metro networks. It features an advanced integrated IP-based architecture with a centralized Human Machine Interface, enabling seamless control of passenger information, public address, CCTV and communication systems.

Built on Power over Ethernet (PoE), the PAPIS reduces wiring complexity and lifecycle costs while improving reliability and maintenance efficiency. It also integrates safety features such as CCTV, emergency communication and alarm systems, along with real-time diagnostics for efficient operations. The solution is compliant with BIS, EN and MeitY/STQC standards.

Apart from PAPIS, re-painting of saloon interiors, provision of IV couplers, fire detection system and mobile charging socket, refurbishment of EDB and relay panels have also been completed. 

With its expertise in transport infrastructure and system integration, RITES continues to deliver benchmarked, future-ready solutions to the urban mobility ecosystem.