Business Industry

Tata Group Plans $1.3 Billion Fundraise for BigBasket and 1mg

By BPN News Desk April 7, 2025

Tata Group is preparing a major fundraising initiative to inject $1.3 billion into its digital subsidiaries BigBasket and 1mg. The planned infusion of capital is aimed at accelerating growth and strengthening the conglomerate’s position in two high-potential sectors: quick commerce and digital healthcare. The group has roped in global investment banks to support the

Business Industry

Government’s Role in Fuel Pricing and Its Impact on the Energy Sector

By BPN News Desk April 5, 2025

The Indian government will continue intervening in domestic fuel pricing to protect consumers from global oil market volatility, according to the head of Reliance-BP’s fuel retail business. Despite past efforts to deregulate petrol and diesel—petrol in 2010 and diesel in 2014—recent global disruptions have led to renewed state control over prices at the pump. This […]

Business Industry

Reliance Industries to Invest ₹65,000 Crore in 500 Compressed Biogas Plants in Andhra Pradesh

By BPN News Desk April 4, 2025

Reliance Industries has announced a monumental investment of ₹65,000 crore to set up 500 compressed biogas (CBG) plants across Andhra Pradesh. The initiative will make use of around 500,000 acres of barren and waste land in districts such as Prakasam, Anantapur, Chittoor, and Kadapa. Once fully operational, the plants are expected to produce 4 million […]

Business Industry

Foxconn to Double iPhone Production in India, Boosting Apple’s Manufacturing Presence

By BPN News Desk March 31, 2025

Apple is significantly scaling up its manufacturing operations in India, with Foxconn, its key supplier, planning to produce between 25 to 30 million iPhones in the country this year. This marks a dramatic increase from the 12 million units produced last year, reflecting Apple’s growing commitment to India as a key manufacturing base. Foxconn India […]

Business Industry

German Chemical Firm to Invest $1.5 Billion in India

By BPN News Desk March 31, 2025

A leading German company from the chemical sector is set to invest $1.5 billion in India, Union Commerce and Industry Minister Piyush Goyal announced during the Kautilya Economic Conclave held in Delhi. While the name of the company has not been officially disclosed, the minister confirmed that the agreement has already been signed and that […]

Business Industry

India Approves ₹22,919 Crore PLI Scheme to Boost Non-Semiconductor Electronics Manufacturing

By BPN News Desk March 29, 2025

The Union Cabinet has approved a ₹22,919 crore Production-Linked Incentive (PLI) scheme to strengthen domestic manufacturing of non-semiconductor electronic components. This strategic initiative is aimed at reducing India’s import dependence and building a robust local ecosystem for critical components used in various electronic products. Investment, Jobs, and Output

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 […]