Economy National

Reserve Bank of India Cuts Repo Rate to 6% Amid Escalating U.S. Tariffs

By BPN News Desk April 9, 2025

In response to the escalating global trade tensions and the impact of steep tariffs imposed by the United States, the Reserve Bank of India (RBI) has announced a 25 basis point cut in the key repo rate, bringing it down to 6%. This is the second consecutive rate cut by the central bank in 2025 […]

Infrastructure National

IRB Infrastructure’s Toll Revenue Surges 23% to ₹6,360 Crore in FY25

By BPN News Desk April 9, 2025

IRB Infrastructure Developers Ltd. has reported a strong performance for the financial year 2024-25 (FY25), posting a 23% year-on-year increase in toll revenue. The total toll collection reached ₹6,360 crore, a notable rise from ₹5,169 crore in the previous fiscal, reaffirming IRB’s leading position in India’s highway and expressway infrastructure sector. IRB

International

Trump’s Tariffs Take Effect: Global Markets Slide, Trade Tensions Escalate

By BPN News Desk April 9, 2025

On April 9, 2025, the United States officially implemented sweeping tariffs on imports from several nations, most notably slapping a 104% total tariff on goods from China. The aggressive trade action, part of former President Donald Trump’s broader economic agenda, triggered immediate retaliatory measures and sent shockwaves through global financial markets. Trump

Gadgets Technology

India’s Mobile Phone Exports Surpass ₹2 Lakh Crore in FY25, Driven by iPhone Shipments

By BPN News Desk April 9, 2025

India has achieved a major milestone in the financial year 2024-25, with mobile phone exports crossing the ₹2 lakh crore mark for the first time. This remarkable growth, reflecting a 54% surge compared to the previous fiscal year, is largely fueled by the export of iPhones, which alone accounted for approximately ₹1.5 lakh crore of […]

State News West India

Gujarat ATS Uncovers Extensive Fake Arms License Racket, Arrests Seven

By BPN News Desk April 9, 2025

The Gujarat Anti-Terrorism Squad (ATS) has busted a large-scale fake arms license racket involving fraudulent permits allegedly issued from Manipur and Nagaland. The crackdown has led to the arrest of seven individuals and the identification of more than 100 persons who obtained firearms using forged documents. The operation has revealed a network of arms dealers […]

Automobile Cars

India Rejects BYD’s $1 Billion EV Proposal, Signals Strategic Shift Toward Tesla

By BPN News Desk April 9, 2025

In a move that highlights India’s evolving investment strategy in the electric vehicle (EV) sector, the government has declined a $1 billion proposal from Chinese automaker BYD Co., while simultaneously paving the way for potential collaboration with U.S.-based Tesla Inc. The decision underscores New Delhi’s cautious stance toward Chinese investments, particularly in

International

India Terminates Transshipment Facility for Bangladesh Following Remarks on Northeast Region

By BPN News Desk April 9, 2025

In a notable shift in trade policy, India has withdrawn the transshipment facility extended to Bangladesh, which had allowed Dhaka to transport its export cargo through Indian territory to third countries. This decision comes in response to controversial remarks made by Professor Muhammad Yunus, the Chief Adviser to Bangladesh’s interim government, during a recent

Defence National

India Approves ₹63,000 Crore Deal to Acquire 26 Rafale-M Fighter Jets from France

By BPN News Desk April 9, 2025

In a major step toward enhancing the combat readiness of the Indian Navy, the Indian government has approved a ₹63,000 crore deal to procure 26 Rafale-M (Marine) fighter jets from France. The decision was taken by the Cabinet Committee on Security (CCS) under the leadership of Prime Minister Narendra Modi. This high-value defense acquisition is […]

National PMO

Dubai Crown Prince Gifts Replica of Grandfather’s Traditional Cloak to PM Modi

By BPN News Desk April 9, 2025

In a powerful symbol of enduring friendship between India and the United Arab Emirates, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum presented Prime Minister Narendra Modi with a replica of his grandfather Sheikh Rashid’s ‘bisht’—a traditional Arabian embroidered cloak. The ‘bisht’ is an iconic garment worn over the Qandura and holds […]

Business Finance

Higher GST on Hotel Dining: Impact on Consumers and Industry

By BPN News Desk April 9, 2025

Starting April 1, 2025, a new Goods and Services Tax (GST) structure will come into effect for restaurant services offered within hotels. Under the revised system, hotels with room tariffs exceeding ₹7,500 per night will charge 18% GST on food and beverage services, but will also be allowed to claim Input Tax Credit (ITC). This […]