Industry

India Halves Import Duty on Crude Edible Oils to Curb Inflation

By BPN News Desk June 5, 2025

In a major policy move aimed at controlling food inflation and supporting the domestic edible oil industry, the Indian government has slashed the basic customs duty on crude palm oil, soybean oil, and sunflower oil from 20% to 10%. With additional cesses and surcharges included, the effective duty now stands reduced from 27.5% to 16.5%. […]

Infrastructure National

Adani Airports Secures $750 Million for Expansion and Debt Refinance

By BPN News Desk June 5, 2025

Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises, has raised $750 million through external commercial borrowings to fuel its next phase of growth. A significant portion of this funding will be used to refinance $400 million in existing debt, while the remaining capital will go toward expanding infrastructure and operational capabilities across six […]

International

Oil Prices Steady After U.S. Inventory Build and Saudi Price Cuts

By BPN News Desk June 5, 2025

Oil prices held steady on Thursday after a sharp drop the previous day, as traders digested data showing a surprise build-up in U.S. fuel inventories. U.S. gasoline and diesel stockpiles rose despite expectations of a summer demand surge, signaling that consumption may be softer than anticipated in the world’s largest oil consumer. Brent crude saw […]

Business Finance

GST Council Plans to Scrap 12% Slab, Shift Items to 5% or 18%

By BPN News Desk June 5, 2025

The Goods and Services Tax (GST) Council is actively considering eliminating the 12% tax slab from India’s four-tier GST rate structure. The current system includes 5%, 12%, 18%, and 28% slabs. If implemented, the proposal would move all goods and services currently taxed at 12% into either the 5% or 18% brackets. This rationalisation is […]

International

India Raises Concerns Over ADB’s $800 Million Aid to Pakistan

By BPN News Desk June 5, 2025

India has formally objected to the Asian Development Bank’s recent approval of an $800 million financial aid package to Pakistan, raising alarms over how the funds might be used. According to Indian officials, there is a growing fear that the aid will not contribute to genuine economic recovery but will instead be diverted to non-developmental […]

Technology Telecom

Tata Communications Unveils TGN-IA2 Subsea Cable to Boost Asia Connectivity

By BPN News Desk June 5, 2025

Tata Communications has launched the TGN-IA2 submarine cable system to enhance digital connectivity across Asia. The new subsea cable links three critical business hubs—Singapore, Hong Kong, and Japan—forming a key part of the company’s strategy to support growing data demands and strengthen intra-Asia network resilience. This state-of-the-art infrastructure is

State News West India

Maharashtra Raises Daily Wages for Beggars After 61 Years

By BPN News Desk June 5, 2025

In a long-overdue decision, the Maharashtra government has increased the wages paid to residents of state-run beggars’ homes from a token ₹5 per month to a more substantial ₹40 per day. This wage hike comes 61 years after the last revision, signaling a renewed commitment to rehabilitating and empowering marginalized individuals. The previous compensation, unchanged […]

South India State News

RCB Victory Parade Turns Tragic: 11 Dead, Dozens Injured

By BPN News Desk June 5, 2025

On June 4, 2025, a massive crowd gathered outside Bengaluru’s M. Chinnaswamy Stadium to celebrate Royal Challengers Bengaluru’s maiden IPL title win. What began as a festive homecoming quickly turned into tragedy when a stampede erupted, killing 11 people and injuring more than 50. The incident occurred near Gate 3 as thousands surged toward the […]

National

Malaysia Rejects Pakistan’s Plea to Cancel India’s Operation Sindoor Outreach

By BPN News Desk June 5, 2025

In a recent diplomatic development, Malaysia declined Pakistan’s request to cancel India’s Operation Sindoor outreach programs. Pakistan’s appeal was grounded in the notion of Islamic solidarity, urging Malaysia to consider their shared religious ties. The Pakistani embassy reportedly stated, “We are an Islamic country, you are an Islamic

Business

IBM Automates HR, Lays Off 8,000 Employees

By BPN News Desk June 5, 2025

IBM has implemented a sweeping workforce realignment, resulting in the termination of around 8,000 employees, predominantly from its Human Resources (HR) division. This decision is rooted in the company’s aggressive move toward automating routine HR functions through artificial intelligence. Tasks such as recruitment filtering, employee record management, internal