Business Industry

Indian Electronics Firms Pivot from China to South Korea, Taiwan

By BPN News Desk July 9, 2025

In a significant realignment of supply chain strategy, India’s leading electronics component manufacturers are moving away from traditional Chinese partnerships and actively seeking collaborations with firms from South Korea and Taiwan. The shift comes in the backdrop of the government’s continued clampdown on Chinese foreign direct investment (FDI) and its push for

Business Industry

OPEC+ Output Surprise Hits ONGC, Oil India Stocks

By BPN News Desk July 8, 2025

Indian oil and gas stocks witnessed a sharp decline on Tuesday after OPEC+ announced a higher-than-expected output hike, sending global crude oil prices tumbling. Shares of Oil India and ONGC were among the hardest hit, falling by over 1%, while refining companies such as Mangalore Refinery and Chennai Petroleum dropped between 3% and 5%. Oil […]

Business Industry

Vedanta Teams Up with Worley for $1 Billion Zambia Copper-Cobalt Push

By BPN News Desk July 7, 2025

Vedanta Resources, led by Anil Agarwal, has enlisted Australia’s Worley, a global engineering and project management firm, to spearhead a major expansion at Konkola Copper Mines (KCM) in Zambia. The partnership supports an ambitious investment plan worth approximately $1 billion aimed at boosting copper and cobalt output. Vedanta Zambia Following its recovery of KCM assets

Business Industry

Adani Enterprises Launches ₹1,000 Cr NCD Issue with Yields Up to 9.30%

By BPN News Desk July 7, 2025

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has announced a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth ₹1,000 crore. The offering opens for subscription on July 9 and will remain open until July 22, 2025, unless it closes earlier due to full subscription. Adani NCD The base […]

Business Industry

Rosneft Holds Preliminary Talks with Reliance on Nayara Stake Sale

By BPN News Desk July 3, 2025

Russian oil giant Rosneft has initiated early conversations with Reliance Industries to explore the sale of its 49.13% stake in Nayara Energy, the operator of Vadinar refinery and over 6,700 fuel stations in India. The move aligns with Rosneft’s ongoing efforts to address Western sanctions that restrict its ability to repatriate earnings from overseas assets. […]

Business Industry

Chinese Brands Expand Smartphone Manufacturing in India

By BPN News Desk July 3, 2025

Chinese smartphone brands are significantly expanding their production footprint in India, capitalising on the nation’s growing manufacturing infrastructure and export capabilities. Chinese Brands Manufacturing Major global names such as Redmi, Vivo, Oppo, Realme, Hisense, Motorola, and Tecno are increasingly partnering with Indian contract manufacturers like Dixon

Business Industry

Foxconn Recalls Chinese Engineers from India Amid Geopolitical Strain

By BPN News Desk July 3, 2025

Foxconn has begun withdrawing over 300 Chinese engineers and technicians from its iPhone assembly facilities in India, a significant move that could impact the country’s growing role in Apple’s global supply chain. The quiet pullout, which started about two months ago, has left only a small Taiwanese support team in place, raising concerns about production […]

Business Industry

Uber, Ola Can Now Charge Double During Peak Hours Under New Rules

By BPN News Desk July 2, 2025

The Union government has released updated Motor Vehicle Aggregator Guidelines 2025, introducing major reforms for ride‑hailing platforms like Ola, Uber, Rapido, inDrive, and bike taxis. Implementation starts from July 1, with states required to align regulations within 90 days. Surge Pricing Platforms can now impose fares up to twice the base fare during peak hours, up

Business Industry

India Halves Chinese Steel Imports as Safeguard Duties Hit Hard

By BPN News Desk July 2, 2025

India’s steel import strategy has taken a sharp protectionist turn with the imposition of safeguard duties that have already led to a dramatic reduction in inflows from key foreign suppliers. In particular, Chinese steel imports have fallen by nearly 50% compared to the previous month, while shipments from Vietnam have become negligible. The move follows […]

Business Industry

Cabinet Approves ₹1 Lakh Cr R&D Scheme for Sunrise Sectors

By BPN News Desk July 2, 2025

The Union Cabinet has approved a ₹1 lakh crore Research, Development and Innovation (RDI) scheme to catalyse India’s private sector investment in emerging technologies and strategically critical sectors. The landmark initiative, unveiled on July 1, aims to close the persistent funding gap between breakthrough research and commercially scalable solutions. RDI Scheme