PNI News - Press Network of India

Quote: "The RBI stance of maintaining steady policy rates amidst an uncertain global backdrop helps keep the market sentiments steady. Despite the geopolitical disruption in West Asia with large volatility in crude prices, feeding into both inflation and the external account, India's growth base has held its ground. The FY27 Union Budget has set aside ₹12.22 lakh crore for capital expenditure, keeping the push on infrastructure firmly in place. Credit flows towards non-food bank credit grew 14.3% year-on-year to…

Hyderabad : Heritage Foods Ltd. marked its 35th Foundation Day today, celebrating a journey shaped by pure resolve, purpose and enduring partnerships with farmers and consumers. Founded in 1992 with a mission to empower dairy farmers and bring fresh, nutritious dairy products to households across India, the company has grown into one of the country’s most trusted dairy brands while staying true to the values on which it was built. Over the years, Heritage Foods has continued to navigate a dynamic business environment…

Mumbai : On the occasion of World Environment Day 2026, ReFiber, powered by OterRi, took a significant step towards building a sustainable future by launching Mumbai’s Mega Post-Consumer Textile Waste Collection & Upcycling Initiative. The landmark initiative aims to create a robust circular textile ecosystem by collecting, recovering and upcycling post-consumer textile waste while generating meaningful environmental and social impact. As part of the initiative, ReFiber will conduct a city-wide textile collection…

“World Environment Day is a reminder that the choices we make today will shape the world future generations inherit. Increasingly, students are seeking learning experiences that go beyond academics to include sustainability, global citizenship, and real-world impact. In New Zealand, these values are deeply influenced by the indigenous Māori principle of kaitiakitanga or guardianship of the environment and responsibility towards future generations. This perspective is naturally reflected in our education approach, where…

"Amid India’s continued focus on economic resilience, the MPC’s decision to hold the repo rate at 5.25% for the fourth consecutive policy review while maintaining a neutral stance, is on expected lines. The decision reflects a measured approach in targeting inflation while balancing growth. Given the recent uncertainty in international crude prices, inflationary risks, and climatic vagaries such as El Nino and monsoons, maintaining the status quo appears prudent. At a time when residential sales, particularly in the…

India's manufacturing industry is undergoing a structural shift. Across sectors such as machine tools, automobile, textile, and material handling, the focus is gradually moving away from simple capacity expansion toward smarter, more integrated, and energy-efficient production. INTEC 2026, scheduled from June 4 to 8 at the CODISSIA Trade Fair Complex in Coimbatore, reflects this broader transition. The exhibition brings together OEMs, machine builders, system integrators, and plant-level decision makers at a time when…

Unlike many other Asian central banks, the MPC has maintained its pragmatic approach of using policy rates for inflation management while relying on other measures for currency support. The policy rate and neutral stance have been maintained despite elevated global uncertainty and energy prices. Nonetheless, the 50-bps increase in FY27 inflation projections to 5.1% and core inflation to 4.7% highlights forward-looking risks stemming from the prolonged West Asia conflict and monsoon-related uncertainties. The FY27 growth…