PNI News - Press Network of India

Quote from Lata Pillai, Senior Managing Director and Head - Capital Markets, India, JLL As the world prepares to mark World Environment Day on June 5, Mr. Rajesh Gupta, Founder and Managing Director of Recyclekaro, India's leading end-to-end lithium-ion battery and e-waste recycling enterprise, has issued a clarion call for a nationwide commitment to responsible electronic waste disposal. In a statement released today, Mr. Gupta urged citizens, policymakers and industry to recognize that the planet's accelerating…

RBI walks a tightrope and prioritizes growth even as it flags inflationary concerns driven by the energy crisis and a weaker monsoon; move likely to support RE market sentiment even as construction cost pass-through looms over buyers. The RBI maintained the status quo on the policy rate, keeping it at 5.25%, the third successive instance of the same action, with the stance remaining neutral as well, while noting a more cautious approach being employed by other global central banks. With the escalating energy prices and…

CG Power and Industrial Solutions Ltd. (CG), an engineering conglomerate and a leader in the electrical engineering industry, today announced the commissioning of its extra high-voltage (EHV) switchgear manufacturing facility, S3 Unit-II, in Pimpalgaon Garudeshwar, Nashik, Maharashtra. This is in addition to the S3 Unit-I manufacturing facility at Ambad, Nashik which manufactures EHV circuit breakers in the 33kV to 800kV. The new facility will manufacture EHV Circuit Breakers in the 33 kV to 245 kV range and expands CG's…

Kochi : In a moment that captured both the depth of human compassion and the peak of medical teamwork, Aster Medcity, Kochi, successfully performed its first-ever heart transplant. The donor heart, flown by air ambulance from Kannur, was delivered to a 48-year-old from Malappuram recipient at Aster Medcity’s helipad. The donor, 23-year-old from Kannur was tragically declared brain dead at Aster MIMS Hospital, Kannur following a severe road accident. His parents consented to donate four organs, enabling a chain of…

RBI unanimously decided to hold policy repo rate at 5.25% and stance as neutral. RBI has revised inflation projection for FY27 upwards to 5.1% from 4.6% while growth for FY27 has been revised downwards at 6.6% from 6.9%. The change in projections is largely attributed to rise in energy costs, expected second order effects and geopolitical uncertainty due to West Asia war. However, inflation projections continue to remain in within the band of 4%+-2% as per inflation targeting framework RBI will continue to remain data…

The Reserve Bank of India’s Monetary Policy Committee has held the repo rate steady at 5.25%, a decision that, on its surface, signals continuity but the revised forecasts embedded in today’s statement tell a more cautious story. On Inflation: The Comfort Zone is Narrowing The upward revision in CPI projection — now 5.1% for the year, against the earlier estimate of ~4.6% — is the most consequential signal from today’s policy. The trajectory is unambiguously front-loaded in its risk: Q2 at 5.1%, Q3 at 5.9%, before a…

"This move, in my opinion, demonstrates a well-calibrated, wait-and-watch approach, especially given the significant global headwinds currently at play. With ongoing conflict in West Asia threatening energy supply chains and the critical Strait of Hormuz presenting substantial risks to India’s oil imports, Governor Sanjay Malhotra and the Monetary Policy Committee’s (MPC) choice to prioritize stability over any experimental steps seems both prudent and timely. What really stands out is the unanimous 6-0 vote, reflecting…