India’s First 28-90nm Chip to Launch This Year

By BPN News Desk May 30, 2025

Business Industry

Union Minister for Electronics and IT Ashwini Vaishnaw has announced that India’s first indigenous semiconductor chip, ranging between 28 to 90 nanometers, will be rolled out within this year. This development marks a pivotal moment in India’s ambition to become self-reliant in semiconductor

Business Industry

Adani Ports Plans ₹50,000 Crore 15-Year Bond Issue

By BPN News Desk May 28, 2025

Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, is preparing to re-enter the domestic debt market with a landmark bond issue. The company will raise up to ₹50,000 crore through a 15-year rupee-denominated bond, marking both its longest tenor and largest local market issuance to date. This strategic financial move comes […]

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 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 […]

Business Industry

Supreme Court Nullifies JSW Steel’s Acquisition of Bhushan Power & Steel

By BPN News Desk May 5, 2025

In a dramatic ruling that has sent shockwaves through India’s corporate and legal landscape, the Supreme Court has nullified JSW Steel’s ₹19,700 crore acquisition of Bhushan Power & Steel Ltd (BPSL). The deal, approved under the Insolvency and Bankruptcy Code (IBC) in 2019, was struck down on the grounds of serious procedural violations, marking a […]

Business Industry

Tata, Foxconn Said to Begin iPhone Production in India

By BPN News Desk May 1, 2025

India’s electronics manufacturing sector may be entering a new phase, as sources indicate that iPhone production has reportedly begun at Tata Electronics’ facility in Hosur, Tamil Nadu. The development is believed to be part of Apple’s ongoing strategy to diversify its manufacturing base away from China and strengthen its footprint in India. According to those […]