Rosneft Holds Preliminary Talks with Reliance on Nayara Stake Sale

By BPN News Desk July 3, 2025

Business Industry

Russian oil giant Rosneft has initiated early conversations with Reliance Industries to explore the sale of its 49.13% stake in Nayara Energy, the operator of Vadinar refinery and over 6,700 fuel stations in India. The move aligns with Rosneft’s ongoing efforts to address Western sanctions that

Business Industry

Chinese Brands Expand Smartphone Manufacturing in India

By BPN News Desk July 3, 2025

Chinese smartphone brands are significantly expanding their production footprint in India, capitalising on the nation’s growing manufacturing infrastructure and export capabilities. Chinese Brands Manufacturing Major global names such as Redmi, Vivo, Oppo, Realme, Hisense, Motorola, and Tecno are increasingly partnering with Indian contract manufacturers like Dixon

Business Industry

Foxconn Recalls Chinese Engineers from India Amid Geopolitical Strain

By BPN News Desk July 3, 2025

Foxconn has begun withdrawing over 300 Chinese engineers and technicians from its iPhone assembly facilities in India, a significant move that could impact the country’s growing role in Apple’s global supply chain. The quiet pullout, which started about two months ago, has left only a small Taiwanese support team in place, raising concerns about production […]

Business Industry

Uber, Ola Can Now Charge Double During Peak Hours Under New Rules

By BPN News Desk July 2, 2025

The Union government has released updated Motor Vehicle Aggregator Guidelines 2025, introducing major reforms for ride‑hailing platforms like Ola, Uber, Rapido, inDrive, and bike taxis. Implementation starts from July 1, with states required to align regulations within 90 days. Surge Pricing Platforms can now impose fares up to twice the base fare during peak hours, up

Business Industry

India Halves Chinese Steel Imports as Safeguard Duties Hit Hard

By BPN News Desk July 2, 2025

India’s steel import strategy has taken a sharp protectionist turn with the imposition of safeguard duties that have already led to a dramatic reduction in inflows from key foreign suppliers. In particular, Chinese steel imports have fallen by nearly 50% compared to the previous month, while shipments from Vietnam have become negligible. The move follows […]

Business Industry

Cabinet Approves ₹1 Lakh Cr R&D Scheme for Sunrise Sectors

By BPN News Desk July 2, 2025

The Union Cabinet has approved a ₹1 lakh crore Research, Development and Innovation (RDI) scheme to catalyse India’s private sector investment in emerging technologies and strategically critical sectors. The landmark initiative, unveiled on July 1, aims to close the persistent funding gap between breakthrough research and commercially scalable solutions. RDI Scheme

Business Industry

Tesla Shares Tumble Amid Musk–Trump Clash and Delivery Concerns

By BPN News Desk July 2, 2025

Tesla shares plunged sharply following a renewed public spat between CEO Elon Musk and President Donald Trump, alongside growing anxiety over Tesla’s second-quarter delivery figures. TSLA opened the day with declines exceeding 6%, reaching a low of around 7% below the previous close—erasing billions from the company’s market value. Tesla Stock The sell-off began after […]

Business Industry

Tata Sons to Launch ₹500 Crore Trust for Air India Crash Victims’ Families

By BPN News Desk June 28, 2025

Tata Sons has announced a dedicated ₹500 crore trust to support families affected by the Air India Flight AI‑171 crash near Ahmedabad on June 12. The proposal, presented by Chairman N Chandrasekaran, demonstrates the Group’s commitment to enduring care for those impacted by the tragedy. The AI‑171 Trust will provide a range of assistance, including compensation, medical

Industry

India’s Coal Imports from Russia Hit Two‑Year High in May

By BPN News Desk June 28, 2025

India’s thermal coal imports from Russia surged to 1.3 million tonnes in May, marking a 52% month-on-month increase—the highest monthly volume in two years. This surge reflects a strategic shift in sourcing, driven by cost advantages, rising quality, and diversification of energy imports. Coal Import Surge In May, India imported a record 1.3 million tonnes of Russian […]

Business Industry

Reliance, Nayara Dominate India’s Russian Oil Imports

By BPN News Desk June 26, 2025

India has become the largest global buyer of Russia’s Urals crude oil in 2025, with private refiners Reliance Industries and Nayara Energy accounting for nearly 45% of total seaborne exports of the grade. This surge not only reinforces India’s pivotal role in the global oil trade but also highlights the growing influence of private refineries […]