PNI News - Press Network of India

New Delhi : In a significant move aimed at strengthening international trade facilitation and diaspora-led economic engagement, CA Mr. Manish Mishra has been appointed as a Member of the Trade & Investment Committee at PIOCCI (People of Indian Origin Chamber of Commerce & Industry). He will lead efforts in Advocacy & Facilitation of Trade and Investment between ASEAN countries and the rest of the world, with a special focus on Persons of Indian Origin (PIOs) settled across regions worldwide. Based in…

QNET has taken note of recent media reports published in Telangana concerning the alleged activities of an entity operating under the name IGNITE, as well as references that seek to associate those activities with QNET and its franchisee in India, Vihaan Direct Selling (India) Pvt. Ltd. Given the potential for public misunderstanding, QNET considers it necessary to place the facts on record. QNET's business operations in India are conducted through its franchisee, Vihaan Direct Selling (India) Pvt. Ltd., which is…

Gurugram : PNB Housing Finance has partnered with The Earth Saviours Foundation (TESF) to strengthen shelter and healthcare infrastructure for abandoned senior citizens, people requiring cognitive care and specialised support, impoverished women and other vulnerable individuals at Mandawar Shelter Home in Gurugram, Haryana. Through this initiative, PNB Housing Finance has helped expand shelter, healthcare and energy infrastructure at Mandawar Shelter Home, including the construction of a fully insulated double-storey…

Mumbai : Chennai based Casagrand Premier Builder Limited get final Sebi nod for their IPO. The Company had filed its IPO papers with Sebi on 30 December 2025. The IPO, with a face value of Rs 2, is a fresh issue up to Rs 1,200 crore and an offer for sale up to Rs 20 crore by promoters – Arun MN, and Casagrand Luxor Private Limited. The company, in consultation with the book-running lead managers, may consider a pre-IPO Placement for up to Rs 240 crore. The pre-IPO placement if completed, the fresh issue size…

Dr. Alok Misra, CEO & Director, MFIN observed, “We can now say that despite the tough 2 years, Industry is turning the corner as evidenced by uptick in portfolio and continued improvement in Portfolio at Risk – PAR 31-180 declining to 2.0% as of March 2026 compared to 6.3% a year ago. A significant policy development which will further strengthen this recovery is the CGSMFI 2.0 scheme of Government of India. Recent extension of the scheme till August 2026 will allow sufficient time for utilisation. The sector is…

New Delhi ; India's retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93% in May 2026 (year-on-year), remaining below the Reserve Bank of India's medium-term target of 4% despite a modest increase from 3.48% in April 2026. The latest data indicate that inflation remains broadly contained, supported by moderation in several core consumption categories. Food inflation (year-on-year) rose to 4.78% in May from 4.20% in April, driven primarily by higher prices of tomatoes, ginger, and certain dry…

Chennai : Karur Vysya Bank (KVB), one of India's leading private sector banks with a legacy of over 110 years, has raised interest rates on its Foreign Currency Non-Resident (FCNR) deposits, giving Non-Resident Indians (NRIs) a way to earn higher returns on their foreign currency savings. KVB is now offering 7.00% per annum on US Dollar (USD) FCNR deposits for tenures of three years and above, the highest rate on its FCNR ladder. The scheme lets NRIs place their overseas savings for tenures of one to five years while…