Business Industry

MSMEs Express Concerns Over New GST Invoice Management System

By BPN News Desk March 28, 2025

The rollout of India’s new Invoice Management System (IMS) under the Goods and Services Tax (GST) regime has triggered alarm among Micro, Small, and Medium Enterprises (MSMEs), who fear significant operational and financial disruptions. While the new system is intended to improve tax transparency and streamline compliance, small businesses are grappling with a host of […]

Business Industry Markets

Crude Oil Reserves Discovered on Freedom Fighter’s Land in Uttar Pradesh

By BPN News Desk March 27, 2025

A significant discovery of crude oil reserves has been made in Ballia district, Uttar Pradesh, on land owned by the family of freedom fighter Chittu Pandey. This find follows a three-month survey in the Ganga basin, which identified oil deposits at a depth of 3,000 meters. Exploration and Economic Implications The Oil and Natural Gas […]

Business Industry

India’s Semiconductor Industry Faces Supply Chain and Talent Challenges

By BPN News Desk March 26, 2025

India’s semiconductor industry, despite government support and a sizable engineering workforce, is grappling with two major roadblocks: an underdeveloped supply chain and a shortage of specialized manufacturing talent. These constraints are proving to be significant hurdles as India pushes to emerge as a competitive hub in the global semiconductor landscape. A key

Business Industry

India to Scrap 6% ‘Google Tax’ on Digital Advertising

By BPN News Desk March 25, 2025

The Indian government has proposed to eliminate the 6% equalisation levy, commonly known as the “Google tax,” on online advertising services provided by non-resident tech companies. Effective from April 1, 2025, this move comes as part of amendments to the Finance Bill and is intended to reduce tax-related friction with foreign firms and ease the […]

Business Industry

Bangladesh Textile Industry Hit Hard by Political Unrest

By BPN News Desk March 22, 2025

Bangladesh’s textile industry, the largest contributor to its export earnings and a critical driver of employment, is under significant strain following recent political upheaval. The change in leadership and new policy directions under the interim administration have triggered concern across the sector, with growing fears of widespread layoffs, factory shutdowns, and loss

Business Industry

X Challenges Indian Government’s Use of IT Act for Content Blocking

By BPN News Desk March 20, 2025

X Corp, formerly known as Twitter, has filed a legal petition against the Indian government in the Karnataka High Court, challenging the use of Section 79(3)(b) of the Information Technology (IT) Act for content blocking. The company argues that this practice creates an unlawful mechanism that bypasses established legal procedures and violates the Supreme Court’s

Business Industry

India Imposes Provisional Anti-Dumping Duty on Chinese Aluminum Foil

By BPN News Desk March 19, 2025

In a move to protect domestic industries, India has imposed provisional anti-dumping duties on aluminium foil imports from China. The Finance Ministry has announced that the duties will range between $619 and $873 per metric tonne and will remain in effect for six months. The measure aims to safeguard local manufacturers from underpriced imports that […]

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 […]