Industry

Revised November Gold Import Data Shows Notable Trends

By BPN News Desk January 8, 2025

The gold import data for November has been revised, shedding new light on India’s trade patterns and the underlying economic factors influencing them. The updated figures highlight key trends in gold demand, trade balances, and the impact of regulatory measures on the precious metal market. Gold Imports Witness Adjustments The revised data reveals a notable […]

Industry

Adani Group Plans $2 Billion Exit from Wilmar India JV

By BPN News Desk December 30, 2024

Adani Group, led by billionaire Gautam Adani, is reportedly planning a $2 billion exit from its joint venture with Wilmar International in India. The joint venture, Adani Wilmar Limited (AWL), is one of India’s leading consumer goods companies and is primarily known for its edible oil products under the Fortune brand. Strategic Divestment to Refocus […]

Industry

Adani Enterprises Eyes Rs 1.5 Trillion Revenue by FY27

By BPN News Desk December 29, 2024

Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has outlined ambitious financial targets, projecting its revenue to reach Rs 1.5 trillion by the fiscal year 2027. The conglomerate anticipates a 46% rise in earnings, supported by its diversified operations across infrastructure, renewable energy, and logistics. Key Growth Drivers AEL’s bullish

Business Industry

Tata Group Aims to Generate 5 Lakh Jobs by 2030

By BPN News Desk December 26, 2024

Tata Group Chairman N Chandrasekaran announced the company’s ambitious plan to create 5 lakh jobs by 2030 across key sectors, including electric vehicles (EVs), semiconductors, and renewable energy. This initiative aligns with India’s push for green energy and technological innovation, reinforcing Tata Group’s commitment to sustainable development and employment

Industry

Carbon Storage in Man-Made Materials Reaches 8.4 Billion Tonnes

By BPN News Desk December 22, 2024

A groundbreaking study has revealed that man-made products, including concrete, steel, and other industrial materials, collectively store an estimated 8.4 billion tonnes of carbon. This finding sheds light on the potential of construction and manufacturing industries in mitigating global carbon emissions. The research, conducted by a team of environmental scientists,

Industry

SECI Defends Power Project Transfer to Adani

By BPN News Desk December 20, 2024

The Solar Energy Corporation of India (SECI) has defended its decision to transfer a 2,333 MW renewable energy project from Azure Power to the Adani Group. The decision has sparked significant debate, with concerns raised about the transparency and fairness of the deal. Background on the Transfer The project, originally awarded to Azure Power, was […]

Industry

Supreme Court Orders ED to Transfer Bhushan Power & Steel Assets to JSW Steel

By BPN News Desk December 14, 2024

The Supreme Court has directed the Enforcement Directorate (ED) to transfer Bhushan Power & Steel Limited (BPSL) assets worth ₹4,025 crore to JSW Steel, putting an end to a prolonged dispute. This decision clears the path for JSW Steel to assume complete ownership of the bankrupt company’s properties. Final Settlement of Ownership The apex court […]

Business Industry

Big Tech Layoffs Surge: 150,000 Jobs Lost in 2024

By BPN News Desk December 4, 2024

The tech industry is undergoing one of its most turbulent years in 2024, with nearly 150,000 jobs slashed across major companies like Tesla, Intel, Cisco, and others. As economic conditions tighten, big tech is restructuring operations to adapt to shifting market dynamics, streamline costs, and focus on growth opportunities. Intel’s Historic Workforce Reduction Intel

Business Industry

India’s Data Centre Industry Poised for Rapid Growth

By BPN News Desk November 23, 2024

India’s data centre industry is experiencing an unprecedented boom, driven by the adoption of artificial intelligence (AI), 5G networks, and cloud computing. With investments in the sector expected to reach $10 billion by 2026, the country is rapidly becoming a global hub for data-driven innovation and infrastructure. Growth Drivers: AI, 5G, and Cloud Computing The

Industry

Coal Ministry Executes Agreements for Three Coal Blocks

By BPN News Desk November 23, 2024

The Ministry of Coal finalized agreements with the successful bidders for three coal blocks on November 22, 2024. This milestone contributes to the ongoing success of India’s commercial coal mining initiative, launched by Prime Minister Narendra Modi. To date, 104 coal blocks have been successfully auctioned under this initiative, with the latest agreements covering fully