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

North India State News

Delhi Air Quality Worsens to ‘Severe’; GRAP Stage 3 Implemented

By BPN News Desk November 15, 2024

Delhi’s air quality remains in the “severe” category, with an Air Quality Index (AQI) exceeding 400 in several areas, prompting stringent restrictions under Stage 3 of the Graded Response Action Plan (GRAP). A thick layer of smog continues to engulf the National Capital Region (NCR), including Noida, Ghaziabad, and Gurugram, severely reducing visibility.

Business

Siemens Plans Job Cuts in Automation Amid Profit Decline

By BPN News Desk November 15, 2024

Siemens has announced plans to cut up to 5,000 jobs worldwide in its struggling factory automation division. The move follows a significant 46% drop in profit for the company’s flagship digital industries business, which has faced challenges amid changing market dynamics. Automation Business Faces Setbacks Speaking on Thursday, Siemens CEO Roland Busch explained the

Economy National

India’s Middle Class Faces Crunch as Inflation Hits Spending

By BPN News Desk November 15, 2024

India’s middle class is feeling the pinch as persistent inflation forces urban households to curtail spending on daily essentials and discretionary items. This trend, impacting everything from fast food to consumer goods, is raising concerns about the country’s economic growth, which has heavily relied on urban consumption post-pandemic. Middle-Class Shrinkage:

Technology Telecom

BSNL Unveils India’s First Direct-to-Device Satellite Service

By BPN News Desk November 15, 2024

Bharat Sanchar Nigam Limited (BSNL) has introduced India’s first direct-to-device satellite service, providing seamless connectivity in remote and underserved regions. Announced by the Department of Telecommunications (DoT) on Wednesday, the service is a collaboration between BSNL and California-based technology company Viasat. The initiative, initially showcased at

Economy National

Centre Announces Rs 70,000 Crore Capex Boost for States

By BPN News Desk November 15, 2024

The Union government plans to release Rs 50,000 to Rs 70,000 crore to states in the third quarter of FY25 under its ‘special assistance for capital investment’ scheme. This initiative aims to rejuvenate state capital expenditure, particularly on infrastructure projects, following slowdowns in the first half of the financial year due to general elections.

National

Isro Confirms Proba-3 Spacecraft Ready for PSLV Launch

By BPN News Desk November 15, 2024

The Indian Space Research Organisation (Isro) has confirmed the readiness of the European Space Agency’s (ESA) Proba-3 spacecraft for integration with India’s PSLV-XL rocket. The two-satellite mission, designed to create an artificial solar eclipse for advanced solar observations, is slated for launch on December 4, 2024, from the Satish Dhawan Space Centre,

Defence National

DRDO Successfully Completes Guided Pinaka Weapon System Trials

By BPN News Desk November 15, 2024

The Defence Research and Development Organisation (DRDO) has successfully concluded the flight tests of the Guided Pinaka Weapon System. These tests were conducted across three phases at various field firing ranges to validate Provisional Staff Qualitative Requirements (PSQR). The trials assessed key parameters such as range, accuracy, consistency, and rate of fire in