New Tax Bills Target Tobacco, Pan Masala as GST Cess Nears End

By BPN News Desk December 2, 2025

Business

The Union government has introduced two key bills in the Lok Sabha to overhaul the tax structure on tobacco, pan masala and related products. The move comes ahead of the scheduled expiry of the GST compensation cess that currently applies to these items. Finance Minister Nirmala Sitharaman

Business Industry

India’s Manufacturing PMI Falls to Nine-Month Low

By BPN News Desk December 1, 2025

India’s manufacturing sector lost momentum in November, with activity expanding at its slowest pace since February. The HSBC India Manufacturing PMI dropped to 56.6, down from 59.2 in October. Although a reading above 50 indicates growth, the decline shows a cooling in both demand and output. Slower Rise in Sales and Production Manufacturers reported that […]

Business Finance

Rupee Slips to Record Low of ₹89.79 Against US Dollar

By BPN News Desk December 1, 2025

The Indian rupee weakened sharply today, hitting a provisional all-time low of ₹89.79 against the US dollar in intraday trade. The currency opened at ₹89.45, then slid by 34 paise over the previous session’s close amid a drop in domestic equities and heavy dollar demand from importers. Key Factors Behind the Decline Traders attributed the […]

Business

Amazon Workers Warn Against “Warp-Speed” AI Rollout

By BPN News Desk November 30, 2025

Over 1,000 employees at Amazon have signed an open letter addressed to CEO Andy Jassy, urging the company to slow down its rapid deployment of artificial intelligence (AI). The signatories — engineers, developers, warehouse staff and others — argue that the “all-costs-justified, warp-speed” push into AI threatens jobs, democratic norms, and the environment. Concerns Over

Business Finance

RBI Says Digital Banking Cannot Be Made Mandatory

By BPN News Desk November 30, 2025

The Reserve Bank of India has clarified that banks cannot force customers to adopt digital banking in order to access other essential services. The clarification comes under the updated digital banking framework, which emphasises customer consent and financial inclusion. Consent Required Before Enrolling Customers According to the RBI, customers must give clear and

Business

Byju’s Founder to Seek $2.5 Bn in Damages

By BPN News Desk November 28, 2025

BYJU’S founder Byju Raveendran along with co-founder Divya Gokulnath have announced plans to file lawsuits seeking at least US $2.5 billion in damages. The claim targets Glas Trust — the lenders’ representative — and others they hold responsible for alleged wrongful actions that harmed both their business and personal reputations. What Triggered the Suit The […]

Business

Reliance JV To Build $11 Billion AI Data Hub In Vizag

By BPN News Desk November 27, 2025

Reliance Industries’ joint venture with Brookfield Corporation and Digital Realty, operating as Digital Connexion, has announced a $11 billion investment to build a large AI-focused data centre campus in Visakhapatnam, Andhra Pradesh. The project will be developed over five years and is expected to significantly boost India’s AI infrastructure capacity. 1 GW AI Data Campus

Business

Apple Challenges India’s Antitrust Penalty Law In Court

By BPN News Desk November 27, 2025

Apple has approached the Delhi High Court challenging India’s amended antitrust penalty framework, which allows the Competition Commission of India (CCI) to impose fines based on a company’s global turnover instead of only its India revenue. The company argued in its filing that the new rule is arbitrary and disproportionate. Risk Of Fine Up To […]

Business

HP Cuts Up To 6,000 Jobs As AI Push Accelerates

By BPN News Desk November 26, 2025

HP Inc. has announced plans to cut between 4,000 and 6,000 jobs globally by the end of fiscal 2028. The reduction — amounting to nearly 10 percent of its total workforce — will affect divisions including product development, customer support and internal operations. Company Shifts Strategy Toward AI The layoffs are part of a wider […]

Business

Adani’s $1.2 B Copper Smelter Faces Challenges Amid Ore Shortage

By BPN News Desk November 25, 2025

Adani Enterprises Ltd’s $1.2 billion smelter in Gujarat, India, is struggling to ramp up full operations due to a shortage of copper concentrates caused by tight global supplies. The facility, formally known as Kutch Copper Ltd, has a stated annual capacity of 500,000 metric tons and aims to double that by 2028-29, but feedstock constraints […]