India Allows Banks to Sponsor Pension Funds Under NPS

By BPN News Desk January 2, 2026

Business Finance

The Pension Fund Regulatory and Development Authority (PFRDA) has given in-principle approval for scheduled commercial banks to independently sponsor and manage pension funds under the National Pension System (NPS). This marks a major change in pension fund regulations, as banks were previously

Business

Zomato CEO Defends Delivery Partners Over Traffic Violations

By BPN News Desk January 2, 2026

Zomato CEO Deepinder Goyal has defended the company’s delivery partners amid criticism that they break traffic rules while trying to fulfill quick-delivery orders. Goyal said that pressure to rush on roads is not unique to delivery workers but reflects a broader societal issue of impatience among road users in India. He rejected the notion that […]

Business

Buffett Steps Down as Berkshire Hathaway CEO

By BPN News Desk January 1, 2026

Warren Buffett has stepped down as chief executive officer of Berkshire Hathaway, marking the end of an era at one of the world’s most influential conglomerates. The transition took effect at the start of 2026, with Buffett handing over day to day management of the company after more than six decades in charge. Buffett, who […]

Business Industry

India Tobacco Stocks Fall After New Excise Duty

By BPN News Desk January 1, 2026

Shares of Indian tobacco companies fell sharply after the government announced a new excise duty on cigarettes, adding to the existing goods and services tax regime. The duty, which will come into effect from February 1, 2026, applies per 1,000 cigarette sticks and varies by cigarette length. This move effectively reintroduces a central levy on […]

Business Trade

India Imposes Three-Year Tariff on Steel Imports

By BPN News Desk December 31, 2025

The Indian government has imposed a three-year safeguard tariff on select steel products to curb a surge in low-priced imports and protect domestic manufacturers. The decision follows concerns raised by the steel industry over rising imports that were impacting local production, prices, and capacity utilisation. Details of the Safeguard Duty Under the new measure, the […]

Business Trade

India to Get Full Duty-Free Access to Australia from Jan 1

By BPN News Desk December 30, 2025

All Indian exports will receive complete duty-free access to the Australian market starting January 1, marking the final phase of tariff elimination under the India–Australia Economic Cooperation and Trade Agreement. With this step, Australia will remove customs duties on the remaining tariff lines, extending zero-duty treatment to 100 percent of Indian goods covered under

Business

RIL–Government KG-D6 Dispute Nears Resolution

By BPN News Desk December 28, 2025

A long-running dispute between Reliance Industries Ltd and the Government of India over the KG-D6 offshore gas block is expected to reach a settlement in 2026, nearly 13 years after it began. The case involves a claim of about $247 million raised by the government, linked to cost recovery and profit-sharing under the production-sharing contract […]

Business Industry

Teema Eyes Uttar Pradesh for Tech Park Expansion

By BPN News Desk December 28, 2025

The Taiwan Electrical and Electronic Manufacturers’ Association, commonly known as Teema, is exploring plans to expand its presence in North India by setting up a technology park in Uttar Pradesh. The move is part of efforts to strengthen manufacturing and supply chain linkages between Taiwanese electronics firms and India. Yamuna Expressway Region in Focus Officials […]

Business Finance

Government Opposes Reducing GST on Air Purifiers

By BPN News Desk December 27, 2025

The Union government has opposed a petition in the Delhi High Court seeking to reduce the Goods and Services Tax (GST) on air purifiers from the current 18 per cent to 5 per cent to make the devices more affordable amid severe air pollution in the capital region. The government told a vacation bench that […]

Business Industry

PLI Scheme Drives Jobs, Exports in Electronics

By BPN News Desk December 27, 2025

India’s electronics industry has created more than 1.33 million jobs over the past five years, driven largely by the Production Linked Incentive (PLI) scheme for manufacturing. The government’s PLI programme, part of broader efforts to boost domestic electronics production, has helped expand smartphone manufacturing and supported a sharp rise in exports. Industry figures