Industry

Reliance Jio Loses 10.9 Million Users After Tariff Hike

By Editor - News Desk October 18, 2024

Reliance Jio, one of India’s leading telecom operators, experienced a significant user loss of over 10.9 million in the second quarter, following a recent increase in recharge plan prices. The company raised its tariff rates, which resulted in a noticeable decline in its customer base. Despite this setback, Jio appears untroubled by the exodus, as […]

Industry

Adani Group to Invest $3 Billion in Semiconductor Manufacturing

By Editor - News Desk October 18, 2024

The Adani Group is set to make a significant move into semiconductor manufacturing with an initial investment of $3 billion over the next 2-3 years, according to a report by Mint on October 16. The Gautam Adani-led conglomerate is reportedly in talks with two Israeli companies to establish separate joint ventures for chip production, signaling […]

Industry

India Sanctions Three Hydrogen Steelmaking Pilot Projects Under Green Mission

By Editor - News Desk October 18, 2024

The Union Government of India has approved three innovative pilot projects aimed at incorporating hydrogen into steel production under the National Green Hydrogen Mission. These projects mark a significant step towards decarbonizing India’s steel sector, one of the most carbon-intensive industries. Green Hydrogen in Steel Production As part of the mission, the

Business Industry

JSW Green Mobility to Invest Rs 27,200 Crore in AURIC City Plant

By BPN News Desk October 11, 2024

Aurangabad Industrial City (AURIC) has allotted 636 acres of land to JSW Green Mobility, marking a significant step towards boosting the state’s industrial ecosystem. The plant, set to be established in the Bidkin node, is expected to go into production within the next 12 to 18 months, according to an official statement by Maharashtra Industrial […]

Business Industry

JSW Infra Secures ₹4,259 Cr Murbe Port Project in Maharashtra

By BPN News Desk October 10, 2024

JSW Infrastructure Limited (JSW Infra), a leading private port operator in India, has been awarded the contract to develop, operate, manage, and maintain a new all-weather multipurpose port in Murbe village, Palghar district, Maharashtra. The Maharashtra Maritime Board (MMB) issued a Letter of Intent (LoI) to the company, according to a filing made by JSW […]

Business Industry

India to Pass New Law for Offshore Oil Exploration Boost

By BPN News Desk October 10, 2024

India is set to pass a new law in the upcoming parliament session aimed at encouraging investments in offshore oil exploration, Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced on Tuesday. The proposed law will replace the existing Oilfields (Regulation and Development) Act of 1948, modernizing the legal framework for the country’s oil […]

Business Industry

Govt Allocates ₹1,000 Crore Venture Fund for Space Startups

By BPN News Desk October 7, 2024

The Indian government has earmarked ₹1,000 crore as a venture fund to support the growth of space startups, signaling a significant investment in the country’s rapidly expanding space sector. This was announced by Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, who highlighted that the decision was made within the […]

Business Industry

Safran Group to Establish First Overseas Defence Electronics Unit in India

By BPN News Desk October 3, 2024

In a significant move reflecting the deepening strategic relationship between India and France, French defence giant Safran Group has indicated its intent to establish its first Defence Electronics unit outside France in India. This development was discussed during a two-day strategic dialogue between India’s National Security Advisor (NSA) Ajit Doval and top French

Business Industry

Oil Prices Surge 3% Amid Escalating Israel-Iran Conflict

By Editor - News Desk October 2, 2024

Oil prices climbed more than 3% on Wednesday as tensions between Israel and Iran escalated, following Iran’s largest-ever direct attack on Israel, firing over 180 ballistic missiles. Both Israel and the United States have vowed retaliation, sparking concerns over potential disruptions in the global oil supply. Conflict Sparks Oil Price Surge Brent crude futures surged […]

Business Industry

Mobile Retailers Demand Ban on Chinese-Owned Mobile Brands

By BPN News Desk October 1, 2024

Indian mobile retailers have called on the Central government to ban Chinese-owned mobile brands such as iQoo, Poco, and OnePlus, citing their alleged anti-competitive practices that harm local businesses and impact the national economy. The All India Mobile Retailers Association (AIMRA), representing over 1.5 million mobile retailers across the country, has formally