Economy National

India’s Net Direct Tax Collection Rises 15% to ₹17.78 Lakh Crore in FY25

By BPN News Desk February 12, 2025

India’s net direct tax collection has seen a significant increase of 15%, reaching ₹17.78 lakh crore in the current fiscal year 2024-25 (FY25), according to data released by the Central Board of Direct Taxes (CBDT). Breakdown of Tax Collections The CBDT’s data indicates that net non-corporate taxes, primarily comprising personal income tax, have grown by […]

Business Industry

L&T Chief Highlights Labor Reluctance to Relocate

By BPN News Desk February 12, 2025

At a recent industry summit in Chennai, SN Subrahmanyan, Chairman and Managing Director of Larsen & Toubro (L&T), expressed concerns over the growing reluctance among construction laborers to relocate for work. He attributed this trend to the availability of welfare schemes and a preference for comfort, which pose significant challenges to India’s

Law & Order

CBI Charges Former Coast Guard Chief with Forgery, Cheating

By BPN News Desk February 11, 2025

The Central Bureau of Investigation (CBI) has registered a case against former Director General of the Indian Coast Guard, K. Natarajan, on allegations of forgery and cheating. The charges relate to alleged tampering of official records concerning senior officers during his tenure. Allegations of Document Tampering The investigation focuses on claims that confidential

Environment Green Energy

BHEL Wins ₹8,000 Crore Order for Koradi Thermal Power Project

By BPN News Desk February 11, 2025

Bharat Heavy Electricals Ltd (BHEL) has secured a significant contract valued at approximately ₹8,000 crore from the Maharashtra State Power Generation Company Ltd (Mahagenco). The order entails the supply of the Boiler, Turbine, and Generator (BTG) package for two 660-MW units at the Koradi Thermal Power Station in Nagpur district, Maharashtra. Details of the Koradi […]

Defence National

Rafale Competes with Su-57 for Indian Air Force Deal

By BPN News Desk February 11, 2025

The Indian Air Force (IAF) is evaluating advanced fighter jets to strengthen its aerial combat capabilities, with the French Rafale and Russian Su-57 emerging as leading contenders. This acquisition is a crucial step in modernizing India’s air fleet as the IAF seeks to enhance its operational readiness. IAF’s Fighter Jet Procurement Program The IAF’s search […]

Business Industry

Apple Shifts MacBook Production to India Over Vietnam

By BPN News Desk February 11, 2025

Apple has revised its MacBook production strategy, scaling back planned expansion in Vietnam while increasing manufacturing efforts in India. This move marks a significant shift in its global supply chain strategy as the company seeks to optimize production across multiple regions. Apple Reduces Expansion in Vietnam Initially, Apple had planned to expand MacBook production

Business Industry

Bajaj Group to Invest ₹10,000 Crore in Hospital Chain

By BPN News Desk February 11, 2025

The Bajaj Group has announced a major investment of ₹10,000 crore to establish a nationwide chain of hospitals, marking its entry into the Indian healthcare sector. This move aims to enhance healthcare accessibility and contribute to the growing demand for quality medical services in the country. Strategic Vision for Healthcare Expansion The planned investment will […]

Editorials Opinion

An Open Letter to L&T’s SN Subrahmanyan: A Reality Check for India Inc.

By BPN News Desk February 11, 2025

L&T’s CEO Says Workers Won’t Relocate Because of Subsidies—Dear India Inc., Stop Blaming Subsidies for Your Own Failures Dear Mr. Subrahmanyan and India’s corporate elite, Congratulations! You have once again displayed an impressive level of detachment from reality. After your ridiculous “why not work on Sundays?” remark, you now claim that Indians refuse

Economy National

Sensex Plummets Over 1,000 Points; Investors Lose ₹10 Lakh Crore

By BPN News Desk February 11, 2025

Indian equity markets faced a significant downturn today, with the BSE Sensex plunging over 1,000 points, leading to a substantial erosion of investor wealth amounting to approximately ₹10 lakh crore. The decline was broad-based, affecting major sectors and leading to widespread concern among market participants. Key Factors Behind the Market Decline Several factors

Business Finance

Rupee Rises Above 87 Against USD After RBI Intervention

By BPN News Desk February 11, 2025

The Indian rupee reclaimed the 87-mark against the U.S. dollar in early trade, supported by aggressive intervention from the Reserve Bank of India (RBI). The central bank’s actions helped reverse recent losses, bringing temporary relief to the currency amid global economic pressures. RBI’s Intervention and Market Response The rupee had recently faced downward