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

Business Industry

Tata Motors Breaks Ground on ₹9,000 Cr Manufacturing Plant in TN

By BPN News Desk September 28, 2024

In a major boost to the “Make in India” initiative, Tata Motors Group has initiated the construction of a new state-of-the-art production facility in Panapakkam, Ranipet district, Tamil Nadu. This world-class plant will manufacture next-generation cars, SUVs, and electric vehicles (EVs) for both the domestic and international markets, catering to Tata Motors

Business Industry

JSW Group Relocates ₹40,000 Crore EV Initiative to Maharashtra from Odisha

By BPN News Desk September 25, 2024

The JSW Group has decided to shift its planned ₹40,000 crore electric vehicle (EV) and battery manufacturing project from Odisha to Maharashtra, according to a report by Mint. This move comes seven months after the conglomerate, led by Sajjan Jindal, formalized an agreement with the previous Odisha government under Chief Minister Naveen Patnaik. JSW is […]