Business Industry

Adani Group Among Finalists for India’s SSLV Production

By BPN News Desk February 18, 2025

In a significant move towards the privatization of India’s space sector, the Adani Group has been shortlisted as one of the three finalists to assume production of the Small Satellite Launch Vehicle (SSLV), developed by the Indian Space Research Organisation (ISRO). This initiative aims to bolster India’s presence in the global satellite launch market,

Business Industry

Tesla Initiates Recruitment in India Following Modi-Musk Meeting

By BPN News Desk February 18, 2025

In a significant development, Tesla Inc. has commenced hiring in India, signaling its intent to enter the Indian market. This move comes shortly after CEO Elon Musk’s meeting with Indian Prime Minister Narendra Modi in Washington, D.C., where they discussed various topics, including space, mobility, technology, and innovation. Tesla’s Recruitment Drive in India

Business Industry

German Defense Firm Partners with Indian Drone Maker

By BPN News Desk February 15, 2025

In a significant boost to the ‘Make in India’ initiative, German defense technology company Hensoldt has signed a Memorandum of Understanding (MoU) with India’s largest drone manufacturer. This partnership aims to localize the production of Hensoldt’s advanced sensor payloads within India, enhancing the country’s defense manufacturing

Business Industry

Tata Steel to Raise ₹3,000 Crore via NCDs

By BPN News Desk February 14, 2025

Tata Steel has announced its intention to raise ₹3,000 crore by issuing non-convertible debentures (NCDs) through a private placement. The company’s board approved this fundraising initiative during a meeting on February 14. Details of the NCD Issuance The company plans to issue 300,000 NCDs, each valued at ₹100,000, to eligible investors. The tentative allotment

Business Industry

Adani Green Seeks ₹10,000 Crore Loan Refinancing

By BPN News Desk February 14, 2025

Adani Green Energy Limited (AGEL) is in advanced discussions with a consortium led by the State Bank of India (SBI) to refinance its existing dollar-denominated loans, aiming to raise up to ₹10,000 crore. This strategic move is intended to mitigate foreign exchange risk and capitalize on favorable domestic interest rates. Strategic Financial Management By opting […]

Business Industry

Apple Unveils New Product Line Set for February 19 Release

By BPN News Desk February 14, 2025

In a recent announcement, Apple CEO Tim Cook introduced the latest addition to the company’s product lineup, scheduled for release on February 19. This new product is expected to integrate seamlessly into the Apple ecosystem, offering users enhanced functionality and design. Anticipated Features and Innovations While specific details about the new product remain

Business Industry

Housing Sales Surge 20% in Top 15 Tier-II Cities

By BPN News Desk February 14, 2025

In a notable development for India’s real estate sector, housing sales in the top 15 tier-II cities have experienced a significant uptick. The total value of these sales has reached ₹1.53 lakh crore, marking a 20% increase over the previous period. Factors Driving the Surge in Housing Sales Several factors have contributed to this surge […]

Business Industry

Adani Group to Double Ammunition Production Amid Global Demand

By BPN News Desk February 14, 2025

In response to escalating global demand, the Adani Group is set to significantly enhance its ammunition production capabilities. The company currently manufactures 150 million rounds of small arms ammunition each year and aims to double this output to 300 million rounds by the end of the year. This strategic move comes as the company has […]

Business Industry

Government Reduces GST on Movie Tickets to Support Film Industry

By BPN News Desk February 13, 2025

In a recent parliamentary session, Finance Minister Nirmala Sitharaman addressed concerns regarding the taxation of movie tickets, highlighting efforts to support the film industry through tax rationalization. GST Reduction on Movie Tickets The Finance Minister emphasized that the Goods and Services Tax (GST) on movie tickets priced above ₹100 was reduced from 28% to 18%

Industry

Zero Tariffs Could Boost India’s Competitiveness in Semiconductor Manufacturing: U.S. Semiconductor Industry Association

By BPN News Desk February 13, 2025

The U.S. Semiconductor Industry Association emphasizes that eliminating tariffs on semiconductor components and equipment is essential for India to enhance its global competitiveness in chip manufacturing.