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    Cabinet approves Investment Proposal for construction of 1720 MW Kamala Hydro Electric Project in Kamle, Kra Daadi & Kurung Kumey Districts of Arunach...
    Cabinet approves revision in cost and investment in equity for HPCL Rajasthan Refinery Limited (HRRL), Pachpadra, District - Balotra, Rajasthan
    Rupee likely to stabilise at 92-93 level: EAC-PM chairman
    Sensex, Nifty jump nearly 4 pc on US-Iran ceasefire, correction in crude prices
    Rupee surges 47 paise to close at 92.59/USD on US-Iran ceasefire, RBI pause on policy rates
    Across the Country, People Unite to Celebrate the First-Ever World Diamond Day
    CSB Bank Launches 'SMART SAVE ACCOUNT - SAVINGS, CURRENT & NRO', its First Retail Offering Post Core Banking Transformation
    Interest rates to remain low in medium to long term: RBI Governor
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    US-Iran ceasefire, drop in crude oil prices fuel rally in stock markets; Sensex jumps 4 pc
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    Highlights of RBI's April monetary policy
    RBI projects FY27 retail Inflation at 4.6 pc, within government-mandated target
    Deutsche Bank and Akshaya Patra Launch Pune Kitchen to Tackle Classroom Hunger
    RBI projects India's FY27 GDP growth to moderate to 6.9 pc
    RBI keeps policy rate unchanged amid inflationary pressure
    Pradhan Mantri Mudra Yojana (PMMY) — completes 11 Years of empowering Small and Micro Entrepreneurs
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April 8, 2026
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Hydroelectric project approval strengthens power supply, grid balancing and regional infrastructure development in Arunachal Pradesh.
Cabinet approval was granted for investment in the construction of the Kamala Hydro Electric Project in Arunachal Pradesh through a joint venture between NHPC Limited and the Government of Arunachal Pradesh. The project is intended to generate energy, support power supply and peak demand management, contribute to grid balancing and provide flood moderation benefits, while also including budgetary support for flood moderation and enabling infrastructure. The State is stated to receive free power, a Local Area Development Fund share and wider infrastructure and socio-economic benefits.
April 8, 2026
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Refinery cost revision and equity investment support a greenfield petrochemical complex aimed at energy security and import reduction.
Revision of the project cost for HPCL Rajasthan Refinery Limited at Pachpadra, District Balotra, Rajasthan, has been approved, along with additional equity investment by Hindustan Petroleum Corporation Limited. The project is a 9 MMTPA greenfield refinery-cum-petrochemical complex with 2.4 MMTPA petrochemical production capacity, implemented through a joint venture between HPCL and the Government of Rajasthan. The refinery is intended to support energy and industrial requirements, reduce import dependence, use locally available Mangala crude, and promote India as a refining hub.
April 8, 2026
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Rupee stability and macroeconomic resilience support expectations of steady growth, manageable deficits and appropriate policy rates.
Indian rupee is expected to stabilise around the 92-93 level against the US dollar, after pressure from global uncertainties, geopolitical tensions and foreign institutional investor withdrawals. India's economic resilience, strong macroeconomic fundamentals and fiscal space were described as cushioning the economy against external shocks. The current account deficit was described as remaining manageable, the Reserve Bank of India Monetary Policy Committee's decision to keep policy rates unchanged was described as appropriate, and growth expectations were stated to remain positive.
April 8, 2026
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Monetary policy caution kept the repo rate unchanged as conflict-driven energy and inflation risks weighed on the outlook.
The Reserve Bank of India kept the benchmark repurchase rate unchanged at 5.25 per cent, taking a cautious wait-and-watch stance amid uncertainty over the impact of the West Asia conflict on energy supplies, inflation and growth. The Monetary Policy Committee voted unanimously to retain the status quo, citing higher crude prices, pressure on the rupee and trade disruption.
April 8, 2026
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Monetary policy neutrality and forex stability shape rupee gains as West Asia tensions ease and inflation risks persist.
The rupee strengthened against the US dollar after easing geopolitical tensions in West Asia and supportive domestic market sentiment. The Reserve Bank of India kept the key policy rate unchanged and retained a neutral stance, taking a wait-and-watch approach amid uncertainty over energy supplies, inflation, growth and trade flows. The central bank's projections pointed to higher crude oil prices and a weaker exchange rate in the next financial year.
April 8, 2026
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Natural diamonds celebrated through World Diamond Day as a storytelling campaign on heritage, emotion, and craftsmanship.
The Natural Diamond Council launched World Diamond Day as a global awareness initiative to celebrate the personal, emotional, and heritage value of natural diamonds. The campaign invited artisans, manufacturers, retailers, consumers, and industry stakeholders to share authentic stories about diamonds as symbols of love, milestones, memory, legacy, and craftsmanship. A dedicated toolkit and optional creative assets were made available to participants, while the campaign message emphasised that natural diamonds are timeless heirlooms carrying meaning across generations.
April 8, 2026
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Auto-sweep banking product launches with higher returns on idle balances and anytime liquidity across savings, current and NRO accounts.
CSB Bank launched its Smart Save Account as its first retail offering after upgrading its core banking platform. The product is available in Savings, Current and NRO variants and is designed to improve returns on idle balances while preserving liquidity. It includes an auto-sweep mechanism that transfers surplus funds into fixed deposits, with interest of up to 7% on 13-month sweep-in deposits and no lock-in, so funds remain accessible when needed.
April 8, 2026
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Low interest rates and cautious monetary policy shape the Reserve Bank's stance amid inflation stability and market volatility.
Interest rates are expected to remain low in the medium to long term in view of benign inflationary conditions and strong macroeconomic fundamentals. The Reserve Bank has kept the benchmark repurchase rate unchanged while adopting a cautious wait-and-watch approach to assess the impact of the West Asia conflict on energy supplies, inflation, growth, the rupee and trade flows. Banks have transmitted earlier rate cuts to lending and deposit rates, and currency market steps were said to be temporary measures to curb excessive volatility.
April 8, 2026
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India's GDP growth projection stays resilient despite West Asia conflict, with exports and inflation facing downside risks.
Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, noting downside risks from elevated commodity prices, higher energy costs, and supply-chain disruptions linked to the West Asia conflict. Merchandise exports may be affected by shipping, freight and insurance costs, while domestic demand is expected to be supported by services-sector momentum, GST rationalisation, manufacturing capacity utilisation, and healthy financial and corporate balance sheets.
April 8, 2026
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Governance and conduct review found no material concerns in HDFC Bank's supervisory assessment and board review.
The Reserve Bank stated that its supervisory inspection of HDFC Bank did not reveal any governance or conduct-related issues, and that review of the bank's meeting minutes also disclosed no matter of material concern. The RBI reiterated that there were no material concerns on record regarding the bank's conduct or governance, describing HDFC Bank as a Domestic Systemically Important Bank with sound financials, a professionally run board, and a competent management team.
April 8, 2026
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Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
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Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
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Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
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Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
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Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
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Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.
April 8, 2026
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School meal partnership expands nutritious mid-day meals through a centralised kitchen, improving classroom attendance and child nutrition.
Deutsche Bank, under its CSR programme in India, partnered with The Akshaya Patra Foundation to inaugurate a centralised kitchen in Pune for the PM POSHAN initiative. The facility is designed to provide hot, nutritious mid-day meals to 25,000 children in 29 government and government-aided schools, supporting classroom attendance, nutrition outcomes, and access to education. The kitchen operates as a food-safe and hygiene-compliant unit with electric meal-delivery vehicles, reflecting environmental sustainability alongside social impact.
April 8, 2026
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GDP growth projection moderates as supply chain disruption, commodity prices and global volatility weigh on domestic outlook.
India's real GDP growth for 2026-27 is projected at 6.9 per cent, with quarterly estimates of 6.8 per cent in Q1, 6.7 per cent in Q2, 7.0 per cent in Q3 and 7.2 per cent in Q4. The projection reflects elevated commodity and energy prices, supply chain disruptions, and higher freight and insurance costs, while domestic demand is supported by services activity, GST rationalisation, manufacturing capacity utilisation, and healthy financial sector and corporate balance sheets.
April 8, 2026
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Repo rate unchanged as inflation pressures and currency movements keep monetary policy in a cautious stance.
Monetary policy retains the repo rate unchanged at 5.25 per cent with a neutral stance amid inflationary and external market pressures. The decision follows concerns arising from disrupted energy supplies, higher crude prices, and import-linked inflation, while headline retail inflation had moved closer to the medium-term target. The inflation framework also reflects a fresh government mandate requiring the central bank to maintain retail inflation at 4 per cent within a tolerance band of 2 per cent on either side for the next five years ending March 2031.
April 8, 2026
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Financial inclusion through PMMY expands collateral-free credit for small entrepreneurs across banks, NBFCs and MFIs.
Pradhan Mantri Mudra Yojana (PMMY) extends collateral-free institutional credit to small and micro entrepreneurs for non-corporate, non-farm income-generating activities, with the objective of funding the unfunded and broadening financial inclusion. The scheme operates through banks, NBFCs and MFIs, and is structured into Shishu, Kishor, Tarun and TarunPlus categories according to the borrower's credit needs. Loan support covers term finance and working capital across manufacturing, trading, service activities and allied agricultural activities, while interest rates are governed by RBI guidelines and repayment terms are flexible.

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India’s intelligent living market signals growth as Smart Home Expo 2026 opens today

April 28, 2026

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28th April 2026, Mumbai, Maharashtra: Smart Home Expo 2026 organised by Messe Frankfurt Trade Fairs India and World Media & Expo LLP opened today at the Jio World Convention Centre, reflecting the growing depth and maturity of India’s smart living ecosystem. Demand is being driven across the value chain from real estate developers integrating automation and energy-efficient systems offering security and comfort into new projects, to architects and interior designers prioritising seamless, design-led technology and consumers increasingly seeking connected, secure and experience-driven homes. At the same time, as India advances towards smarter infrastructure and manufacturing capabilities, the market is opening significant opportunities for both domestic production and global collaborations. The show was inaugurated in the presence of distinguished dignitaries, which included: • CHIEF GUEST - Mr Jimmy Mistry, Chairman, Della Group who noted: • Ar Jignesh Modi, President, Indian Institute of Interior Design (IIID) & Principal Architect at Jignesh Modi & Associates • Ms Wendy Griffiths, Senior Vice President Membership & Global Development at (CEDIA) Custom Electronic Design and Installation Association • Mr Ketan Sheth, Chairperson, Indian Institute of Interior Design, Mumbai Chapter (IIID) & Founder of Goldmine Project Consultant • Mr Pushkar Gokhale, Executive Vice President & Business Head, Godrej Enterprises Group • Ms Himani Gupta, Associate Vice President (AVP), Havells India • Mr Sumant Bhatia, General Manager, Havells India • Mr Richard O’Carroll, Senior Professional Commercial Manager APAC, Sonos • Mr Luv Malik, Partner, Luxury Personified • Mr Sandeep Singh, Director, Smart Home Expo • Mr Vinayak Paradkar, Director, Smart Home Expo • Mr Johannes Möller, Group Show Director - Building Technologies Shows, Messe Frankfurt GmbH • Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd • Mr Winston Pereira, Executive Director, Messe Frankfurt Trade Fairs India Pvt Ltd Speaking at the inauguration, Chief Guest Mr Jimmy Mistry, Chairman, Della Group, noted: “Technology and automation are interwoven for human-centric design, and what is today’s luxury is going to be tomorrow’s necessity. This is only the beginning, with mass adoption of automation now reaching rural India. India is very good at leapfrogging, and no manufacturers can afford to overlook India as we move rapidly at scale. Smart Home Expo is far bigger than imagined and is only going to grow exponentially. It is unfair to judge it by footfalls, as the transactions that will happen through this be far more significant. I think this industry is poised for 20%–25% YoY growth and will continue to scale ahead.” Commenting on the opening, Mr Sandeep Singh, Director, Smart Home Expo, shared: Smart Home Expo has evolved into a comprehensive platform that reflects how technology, design and user experience are converging in the smart living space. The strong industry participation this year underscores the growing demand for integrated, future-ready solutions in India.” Adding to this Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd, noted: “India represents one of the fastest-growing markets for smart home technologies globally, driven by rapid urbanisation and digital adoption. Smart Home Expo 2026 highlights this momentum by bringing together global innovation and domestic expertise under one roof.” The convergence of the industry where integrated automation systems, intelligent lighting, immersive AV and smart security solutions highlight the shift towards fully connected, future ready living environments. Bringing together 450+ brands and over 8,000 products, the expo highlights the rapid evolution of India’s smart living ecosystem across home automation, lighting, security and high-end audio-visual solutions. Participation from global markets such as Belgium, China, Germany, United Kingdom, the United States of America, Switzerland and Turkey further underscores India’s growing importance as a high-growth destination for smart home technologies. The show floor features a wide spectrum of innovations – from integrated control systems and KNX-based automation to immersive AV experiences, intelligent lighting and energy management solutions. A key focus this year is the shift towards seamless, design-led and invisible technology, where smart systems are embedded into the architecture of homes, enhancing comfort, efficiency and user experience without compromising aesthetics. The show also features dedicated experience zones, including the KNX-pavilion and AV demo rooms, allowing visitors to engage with real -world applications of smart living – cinematic home theatres to fully automated living environments. Supported by leading industry bodies such as the CEDIA and Indian institute of Interior Designers, Smart Home Expo 2026 continues to serve as a vital platform for knowledge exchange, collaboration and business opportunities across the architecture, interior design and technology communities. With a strong lineup of partners and curated showcase of next-generation products, the 2026 edition sets the tone for the future of connected living in India, where innovation, design and functionality come together to shape smarter homes. Press information and photographic material https://smarthomeexpo.in.messefrankfurt.com/mumbai/en.html Press Contacts Messe Frankfurt Trade Fairs India Pvt Ltd Viral P Sanghvi | Manager – PR & Corporate Communications +91 9930837978 | [email protected] Background information on Messe Frankfurt www.messefrankfurt.com/background-information Sustainability at Messe Frankfurt www.messefrankfurt.com/sustainability-information About World Media and Expo LLP Founded in 2017 by seasoned professionals with a wealth of experience in the exhibitions and publishing sector, World Media and Expo LLP has rapidly grown to become a prominent player in the industry. Specialising in organising international B2B trade fairs and publishing technology magazines, the company is based in Mumbai, India. WME's diverse exhibition portfolio encompasses events in the following categories - Smart Home technology, Electric Vehicles, Office solutions and Cosmetic Ingredients, providing valuable platforms for industry stakeholders to connect and collaborate. For more information, please visit our website at: https://www.worldmediaexpo.com (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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