Industry

Ford Repurposes Chennai Plant for Engine Production and Export

By Editor - News Desk March 19, 2025

Ford Motor Company is set to repurpose its Chennai manufacturing facility to produce and export engines and related components, marking a strategic shift from vehicle production in India.  This decision comes after Ford ceased domestic vehicle manufacturing in 2021 due to persistent challenges in capturing market share in India’s competitive automotive sector.

Industry

India Plans Measures to Strengthen Steel Industry Amid U.S. Tariffs

By BPN News Desk March 18, 2025

India is formulating strategies to bolster its steel industry in response to the recent 25% tariffs imposed by the United States on steel imports. The government’s initiatives aim to mitigate potential adverse effects on domestic steel producers and sustain export growth. The Production-Linked Incentive (PLI) scheme is under consideration to enhance domestic steel

Business Industry

TCS and Infosys Well-Positioned Amid US Tariff Challenges

By BPN News Desk March 17, 2025

Indian IT giants TCS and Infosys are expected to withstand potential cost increases from US tariff policies and stricter immigration rules, according to industry assessments. While the business services sector is not directly impacted by tariffs, evolving US trade and immigration policies could affect companies relying on foreign labor. Impact of US Trade Policies on […]

Business Industry

L&T to Invest ₹3,600 Crore in Three New Data Centres

By BPN News Desk March 17, 2025

Larsen & Toubro (L&T) has announced a ₹3,600 crore investment to establish three new data centres in India, a move aimed at expanding its digital infrastructure and catering to the country’s growing data storage demands. With this expansion, L&T’s data centre capacity will increase from 32 MW to 150 MW by 2027, strengthening its presence […]

Business Industry

Quick Commerce Sparks 52% Drop in Retail Sales of Essentials

By BPN News Desk March 17, 2025

The rise of quick commerce services has significantly impacted traditional retail businesses, with urban store owners reporting a 52% decline in the sales of essential goods. The shift in consumer behavior toward ultra-fast deliveries has led to reduced foot traffic in physical stores, affecting multiple product categories. Decline in Essential Goods Sales Retailers have

Business Industry

India’s Semiconductor Industry Poised for Growth Amid Challenges

By BPN News Desk March 16, 2025

India’s semiconductor industry is on the verge of significant expansion, with ambitions to capture 8-10% of the projected $420 billion global semiconductor market by 2030. This ambitious goal highlights the nation’s potential to contribute around $40 billion to global semiconductor demand over the next five years. Government Initiatives to Boost Semiconductor

Business Industry

German, US Firms Show Interest in India’s OSAT Sector

By BPN News Desk March 14, 2025

The semiconductor industry in India is witnessing growing interest from global players, with companies from Germany and the United States looking to invest in Outsourced Semiconductor Assembly and Testing (OSAT) facilities. The move comes as India strengthens its semiconductor ecosystem to position itself as a global hub for chip packaging and manufacturing. Foreign Firms

Business Industry

Narayana Murthy Warns Against Freebies, Calls for Job Creation

By BPN News Desk March 13, 2025

Infosys co-founder N R Narayana Murthy has underscored the importance of job creation and innovation as the primary solutions for poverty eradication, cautioning against over-reliance on government freebies. Speaking at an event in Mumbai, he stressed that sustainable economic progress comes through entrepreneurship and employment generation, rather than welfare handouts.

Industry

India’s Industrial Production Surges by 5% in January 2025, Led by Manufacturing and Mining

By BPN News Desk March 13, 2025

India’s industrial production experienced a notable uptick in January 2025, with the Index of Industrial Production (IIP) registering a 5% year-on-year growth, surpassing the previous month’s 3.2% increase and exceeding economists’ expectations of a 3.5% rise.  This growth was primarily driven by robust performances in the manufacturing and mining

Business Industry

JSW Group Secures ₹1,487 Crore for Electric Vehicle Manufacturing Plant in Maharashtra

By BPN News Desk March 10, 2025

JSW Greentech Ltd, a subsidiary of the JSW Group, has announced plans to raise approximately ₹1,487 crore through a long-term loan to establish a greenfield facility in Aurangabad, Maharashtra. This initiative aims to bolster the production of electric buses (e-buses) and electric trucks (e-trucks), aligning with India’s push towards sustainable transportation