Business

MediaTek to Source Chips from India for Global Markets

By BPN News Desk November 16, 2024

MediaTek, a leading global semiconductor company, has announced plans to source chips from India for worldwide distribution. In an exclusive interview with Business Standard, Finbarr Moynihan, MediaTek’s Vice President for Corporate Marketing, highlighted India’s growing role in the company’s global supply chain and its ambition to leverage the country’s expanding

International

Mark Mobius Calls for Nobel Peace Prize for PM Modi

By BPN News Desk November 16, 2024

Renowned investor Mark Mobius has lauded Prime Minister Narendra Modi’s diplomatic prowess, suggesting his leadership and peace-building efforts merit the Nobel Peace Prize. Mobius emphasized PM Modi’s ability to engage across the political spectrum globally, positioning him as a potential peacemaker amid international conflicts. “PM Modi is not only a great

Defence National

HAL Prachand Proves Operational Prowess, IAF to Induct 66 More Units

By BPN News Desk November 16, 2024

The Hindustan Aeronautics Limited (HAL) Prachand combat helicopter has proven its effectiveness in various operational scenarios, according to Indian Air Force (IAF) Chief Air Chief Marshal VR Chaudhari. The IAF has confirmed plans to induct an additional 66 units of the indigenously developed Light Combat Helicopter (LCH) into its fleet. Addressing media at a recent […]

Business Trade

India’s Trade Deficit Widens to $27.14 Billion in October

By BPN News Desk November 16, 2024

India’s merchandise trade deficit widened to $27.14 billion in October, up from $20.8 billion in September, as imports grew at a faster rate than exports. Data released on November 14 highlights the sharp sequential increase in imports, which outpaced the growth in exports. While merchandise exports saw a robust year-on-year increase of 17.23%, amounting to […]

International

FM Sitharaman Congratulates Tulsi Gabbard on US Intel Role

By BPN News Desk November 16, 2024

Union Finance Minister Nirmala Sitharaman extended her congratulations to Tulsi Gabbard on her appointment as the Director of National Intelligence (DNI) of the United States. Gabbard, the first Indian-American woman to hold this prominent position, was nominated by President-elect Donald Trump. Her appointment has been widely acknowledged as a historic milestone,

South India State News

Chennai Plans Road Widening, Bridge Restoration to Ease Traffic

By BPN News Desk November 16, 2024

The Chennai Corporation has unveiled ambitious plans for road widening and the restoration of the Broken Bridge as part of its efforts to address the city’s growing traffic congestion issues. These initiatives are designed to enhance connectivity, improve traffic flow, and cater to the city’s expanding population and vehicle density. Key Focus: Widening Roads and […]

Business

Local Production Boosts Top Electronics Firms as Imports Drop

By BPN News Desk November 16, 2024

For the first time, top electronics companies in India have witnessed a decline in imports, driven by the increasing adoption of local manufacturing under the government’s ‘Make in India’ initiative. Leading brands, including Samsung, Xiaomi, and Apple, are reducing their dependency on imports, sourcing more components and assembling devices within the country.

Business

Foreign Investors Sell $1 Billion in JPM Index-Linked Indian Bonds

By BPN News Desk November 15, 2024

Foreign investors have sold approximately $1 billion worth of Indian government bonds linked to the JPMorgan Government Bond Index Emerging Markets (GBI-EM) in November, signaling a shift in sentiment amid global economic uncertainty. The data, sourced from market participants, indicates that this marks one of the largest sell-offs in Indian bonds linked to the index […]

Business

Reliance Infrastructure Posts ₹4,082.5 Crore Q2 Profit

By BPN News Desk November 15, 2024

Reliance Infrastructure Ltd (RInfra), led by Anil Ambani, has reported a consolidated net profit of ₹4,082.53 crore for the second quarter of FY25, a significant recovery from a net loss of ₹294.04 crore during the same period last year. The company attributed the turnaround to exceptional gains of ₹3,575.27 crore, primarily driven by debt settlements […]

Business

Adani Group to Invest $10 Billion in US Energy Projects

By BPN News Desk November 15, 2024

India’s Adani Group, led by billionaire Gautam Adani, has unveiled plans to invest $10 billion in energy and infrastructure projects across the United States. This significant commitment is set to create an estimated 15,000 jobs, further solidifying strategic business ties between the two nations. Adani, sharing the announcement on X (formerly Twitter), emphasized the