India Considers GST Hike on Tobacco Products Post Compensation Cess

By BPN News Desk February 20, 2025

Business Finance

The Indian government is evaluating a proposal to increase the Goods and Services Tax (GST) on tobacco products, including cigarettes, following the scheduled conclusion of the compensation cess in March 2026. This initiative aims to maintain consistent tax revenue from the tobacco sector after

Business Industry

Tata Group Invests Rs 500 Crore in Breach Candy Hospital

By BPN News Desk February 19, 2025

In a significant move to strengthen India’s healthcare infrastructure, Tata Group has announced a Rs 500 crore investment in Mumbai’s Breach Candy Hospital. This makes Tata the hospital’s largest financial backer, securing three seats on the 14-member board of trustees. N Chandrasekaran, Chairman of Tata Sons, is set to succeed Deepak Parekh as Chairman of […]

Business Industry

Tata Electronics to Launch India’s First Indigenous Semiconductor Chip by Late 2025

By BPN News Desk February 18, 2025

In a landmark development for India’s technology sector, Tata Electronics is poised to introduce the country’s first indigenous semiconductor chip by September or October 2025. This initiative is a significant stride towards establishing a robust domestic semiconductor manufacturing ecosystem. Collaborative Effort in Semiconductor Manufacturing The forthcoming

Business Industry

Adani Group Among Finalists for India’s SSLV Production

By BPN News Desk February 18, 2025

In a significant move towards the privatization of India’s space sector, the Adani Group has been shortlisted as one of the three finalists to assume production of the Small Satellite Launch Vehicle (SSLV), developed by the Indian Space Research Organisation (ISRO). This initiative aims to bolster India’s presence in the global satellite launch market,

Business Industry

Tesla Initiates Recruitment in India Following Modi-Musk Meeting

By BPN News Desk February 18, 2025

In a significant development, Tesla Inc. has commenced hiring in India, signaling its intent to enter the Indian market. This move comes shortly after CEO Elon Musk’s meeting with Indian Prime Minister Narendra Modi in Washington, D.C., where they discussed various topics, including space, mobility, technology, and innovation. Tesla’s Recruitment Drive in India

Business Trade

Gold Prices Drop ₹1,200 After Hitting Record High

By BPN News Desk February 17, 2025

Gold prices in India saw a sharp decline of ₹1,200 per 10 grams, bringing the price down to ₹88,200 after hitting an all-time high. The drop follows fluctuations in the international market, with global gold rates showing signs of correction. Global Market Trends Impacting Gold Rates The recent price dip comes amid shifting global market […]

Business Industry

German Defense Firm Partners with Indian Drone Maker

By BPN News Desk February 15, 2025

In a significant boost to the ‘Make in India’ initiative, German defense technology company Hensoldt has signed a Memorandum of Understanding (MoU) with India’s largest drone manufacturer. This partnership aims to localize the production of Hensoldt’s advanced sensor payloads within India, enhancing the country’s defense manufacturing

Business Finance

India Reduces Customs Duty on Bourbon Whiskey to 50%

By BPN News Desk February 14, 2025

In a significant policy shift, India has announced a reduction in customs duty on bourbon whiskey imports from 150% to 50%. This decision, effective from February 13, 2025, is part of India’s broader strategy to strengthen trade ties with the United States. Details of the Duty Reduction The revised tariff structure imposes a basic customs […]

Business Industry

Tata Steel to Raise ₹3,000 Crore via NCDs

By BPN News Desk February 14, 2025

Tata Steel has announced its intention to raise ₹3,000 crore by issuing non-convertible debentures (NCDs) through a private placement. The company’s board approved this fundraising initiative during a meeting on February 14. Details of the NCD Issuance The company plans to issue 300,000 NCDs, each valued at ₹100,000, to eligible investors. The tentative allotment

Business Industry

Adani Green Seeks ₹10,000 Crore Loan Refinancing

By BPN News Desk February 14, 2025

Adani Green Energy Limited (AGEL) is in advanced discussions with a consortium led by the State Bank of India (SBI) to refinance its existing dollar-denominated loans, aiming to raise up to ₹10,000 crore. This strategic move is intended to mitigate foreign exchange risk and capitalize on favorable domestic interest rates. Strategic Financial Management By opting […]