Oracle’s $40B Nvidia Chip Investment Powers OpenAI’s Texas Data Center

By BPN News Desk May 25, 2025

Business

In a major push to scale artificial intelligence infrastructure, Oracle is investing $40 billion in Nvidia’s high-performance GB200 chips, with a massive order of 400,000 units. These chips are set to fuel OpenAI’s upcoming data center in Abilene, Texas — a key piece of the broader Stargate

Business Industry

India Must Support Community Seed Banks for Food Security

By BPN News Desk May 23, 2025

On May 22, 2025, the Centre for Science and Environment (CSE) released a crucial report on the occasion of the International Day for Biological Diversity, underscoring the vital role of community seed banks in protecting India’s food security against climate risks. These locally-managed institutions, often run by farmer groups, NGOs, and women’s self-help collectives,

Business Industry

TSMC Declines India’s Chip Plant Invitation

By BPN News Desk May 22, 2025

In a major setback to India’s semiconductor ambitions, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has declined an invitation from the Indian government to set up a fabrication plant in the country. The development is seen as a reality check on India’s roadmap to become a global semiconductor hub. Although TSMC has […]

Business Trade

India Curbs Chinese Appliance Imports With Safety Norms

By BPN News Desk May 22, 2025

India has announced a significant tightening of safety regulations aimed at curbing the influx of low-quality imported appliances, particularly from China. The Department for Promotion of Industry and Internal Trade (DPIIT) released a gazette notification on May 19 mandating that several consumer electronic and lifestyle products will now require mandatory Bureau of Indian

Business Trade

Port Curbs on Bangladesh Imports May Boost Indian Textiles

By BPN News Desk May 19, 2025

In a significant policy shift aimed at promoting domestic manufacturing, India has restricted imports from Bangladesh through land ports. This strategic move is expected to provide a ₹1,000 crore boost to the Indian textile industry, according to leading stakeholders and industry bodies. The restriction, which came into effect on May 17, is widely seen as […]

Business Trade

India Blocks Pakistani Goods via Third Countries Post-Pahalgam Attack

By BPN News Desk May 17, 2025

India has escalated its economic response to the Pahalgam terror attack by officially blocking the import of Pakistani goods that were previously entering through third countries. This decision, implemented by the Directorate General of Foreign Trade (DGFT), marks a tightening of the existing trade embargo and signals New Delhi’s continued resolve to sever economic ties

Business Industry

Celebi Shares Plunge After India Revokes Security Clearance

By BPN News Desk May 17, 2025

Turkey-based ground handling company Celebi Hava Servisi saw its stock price crash nearly 20% over two trading days after India revoked its security clearance. The decision, triggered by national security concerns, has put the company’s India operations—previously a key source of revenue—in jeopardy and sparked legal proceedings in Indian courts. India Revokes Celebi’s

Business Industry

Celebi Shares Crash 10% After India Revokes Clearance

By BPN News Desk May 16, 2025

Shares of Turkish aviation services provider Çelebi Hava Servisi AS dropped sharply by 10% on the Istanbul Stock Exchange on May 16, 2025, following the Indian government’s decision to revoke the security clearance of its Indian subsidiary. The move sent shockwaves through Turkish financial markets, with investor sentiment taking a major hit amid fears of […]

Business Industry

India Approves ₹3,706 Cr Semiconductor Plant in Jewar

By BPN News Desk May 15, 2025

In a major step toward strengthening India’s semiconductor ecosystem, the Union Cabinet has approved the establishment of the country’s sixth semiconductor manufacturing unit. The ₹3,706 crore facility will be developed in Jewar, Uttar Pradesh, through a joint venture between HCL and Taiwanese electronics giant Foxconn. HCL-Foxconn Semiconductor Plant in Jewar The plant

Business Industry

RBI Reviews E-Wallets After BluSmart’s Collapse

By BPN News Desk May 15, 2025

The Reserve Bank of India (RBI) has launched a detailed review of digital wallets tied to app-based services, following the sudden collapse of BluSmart, an all-electric taxi service. The move comes in response to mounting complaints from users who were left unable to recover funds stored in BluSmart’s internal wallet system. BluSmart’s Sudden Shutdown BluSmart […]