Business Industry

Arbitrator to Decide on Trustees for Ratan Tata Foundation

By BPN News Desk February 5, 2025

In the absence of explicit written instructions from the late Ratan Tata regarding the appointment of trustees to the Ratan Tata Endowment Foundation (RTEF), stakeholders are considering arbitration to resolve the matter. The proposed arbitrator is expected to be a retired Chief Justice of the Supreme Court, who will determine whether the authority to appoint […]

Business Industry

Automakers Challenge Proposed Safeguard Duty on Steel Imports

By BPN News Desk February 5, 2025

Indian automobile manufacturers are expressing concerns over a proposed safeguard duty on certain steel imports, emphasizing the absence of domestically produced alternatives that meet stringent emission and safety standards. Investigation into Steel Imports On December 19, 2024, the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, initiated an

Business Industry

Govt to Offer Loans Up to ₹100 Cr for MSMEs

By BPN News Desk January 31, 2025

The Indian government has announced a new financial initiative to support Micro, Small, and Medium Enterprises (MSMEs) by offering loans of up to ₹100 crore under a mutual credit guarantee scheme. The move aims to strengthen the financial backbone of MSMEs and enhance their contribution to the economy. “The new mutual credit guarantee scheme will […]

Business Industry

Gold Prices Hit Record ₹83,800 Amid Global Market Trends

By BPN News Desk January 31, 2025

Gold prices surged to an all-time high of ₹83,800 per 10 grams, reflecting increasing investor interest and global economic uncertainties. The precious metal’s rally has been fueled by strong demand, geopolitical tensions, and shifting monetary policies across major economies. Factors Driving the Gold Price Surge Several key factors have contributed to the latest spike in

Business Industry

Adani Group Pledges ₹2.3 Trillion Investment in Odisha

By BPN News Desk January 29, 2025

The Adani Group has unveiled an ambitious ₹2.3 trillion investment plan in Odisha, spanning the next five years. The commitment aims to accelerate industrial growth, strengthen port infrastructure, boost renewable energy projects, and enhance the region’s logistics and manufacturing sectors. “Odisha is a key state for Adani Group’s growth strategy” The

Business Industry

Cabinet Approves New Ethanol Procurement Prices for EBP

By BPN News Desk January 29, 2025

In a significant move to strengthen India’s ethanol blending program (EBP), the Cabinet has approved revised procurement prices for ethanol. The decision is aimed at boosting ethanol production, reducing dependence on fossil fuels, and supporting fuel retailers in meeting blending targets. “New Pricing Structure for Ethanol Procurement” The revised

Industry

India’s Semiconductor Market Projected to Reach $103 Billion by 2030

By Editor - News Desk January 29, 2025

India’s semiconductor market is poised for significant growth, with projections indicating an increase from $52 billion in 2024 to $103.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13%. This expansion is driven by key sectors such as mobile handsets, information technology, telecommunications, consumer electronics, automotive, aerospace, and

Business Industry

L&T Secures ₹2,500 Crore Deal for AI-Enabled Data Centre

By BPN News Desk January 28, 2025

Larsen & Toubro (L&T), a global leader in construction and technology services, has secured an order worth up to ₹2,500 crore to develop Uzbekistan’s first AI-enabled data centre. The project marks a significant milestone in the company’s expansion into international markets and demonstrates its growing expertise in advanced technology infrastructure.

Industry

Prime Minister Modi Emphasizes Domestic Value Addition in Manufacturing

By BPN News Desk January 28, 2025

Prime Minister Narendra Modi has expressed a firm stance against the longstanding practice of exporting raw materials from India only to import them back as finished products. He advocates for enhancing value addition within the country to bolster economic growth and self-reliance. Addressing a gathering of industry leaders and policymakers, Modi highlighted the economic

Business Industry

JSW Group to Invest ₹2,600 Crore in Copper Mines

By BPN News Desk January 27, 2025

In a significant move to strengthen India’s mineral resources sector, the JSW Group has announced an investment of ₹2,600 crore for the development of two copper mines. This initiative aligns with the company’s vision to enhance domestic copper production, reduce dependency on imports, and support India’s manufacturing and infrastructure sectors. “Major Step Toward