Business Industry

Nagpur to Become Lithium-Ion Battery Hub with ₹42,535 Cr Investment

By BPN News Desk January 24, 2025

Nagpur is poised to become a key player in India’s electric vehicle (EV) ecosystem as Vardhaan Group announces a massive ₹42,535 crore investment to establish a lithium-ion battery manufacturing hub. This strategic move is set to revolutionize the city’s industrial landscape, creating significant employment opportunities and strengthening India’s position in the global

Business Industry

Gold Prices Hit Record ₹80,000 per 10 Grams in India

By BPN News Desk January 24, 2025

In a historic milestone, gold prices in India have surged past the ₹80,000 mark per 10 grams for the first time. The unprecedented rise underscores growing investor interest in the yellow metal amid heightened global economic uncertainties and market volatility. “Gold as a Safe-Haven Investment” Market analysts attribute this record-breaking surge to increased

Business Industry

Mediterranean Shipping Company Explores India for Shipbuilding and Repairs

By BPN News Desk January 20, 2025

The Mediterranean Shipping Company (MSC), the world’s largest container shipping line, is considering India as a strategic hub for its shipbuilding and repair operations. This move highlights the growing recognition of India as a key player in the global maritime industry, driven by its robust infrastructure and skilled workforce. India’s Potential in

Business Industry

Budget 2025 May Boost Seafood Exports with Duty Cuts

By BPN News Desk January 18, 2025

India’s seafood industry is set to receive a significant boost as Budget 2025 is expected to propose a reduction in customs duties for shrimp and fish. This move is anticipated to enhance the global competitiveness of Indian seafood exporters and strengthen their position in international markets. Focus on Supporting the Seafood Industry The seafood sector, […]

Business Industry

Rising Factory Costs Highlight Bureaucratic Challenges in India

By BPN News Desk January 18, 2025

India’s industrial landscape is grappling with escalating factory costs, driven significantly by bureaucratic inefficiencies. Despite efforts to enhance the ease of doing business, manufacturers are facing hurdles that inflate operational expenses, impacting overall competitiveness. The Impact of Bureaucratic Processes Manufacturers have flagged lengthy approval processes,

Industry

Steel Ministry Pushes for $1.7 Billion to Reduce Emissions

By BPN News Desk January 17, 2025

The Indian Steel Ministry has requested a $1.7 billion budget allocation to support steelmakers in reducing carbon emissions. This significant proposal aims to align the industry with the country’s broader climate goals and transition towards green energy solutions. Accelerating the Transition to Green Steel The funding request underscores the government’s commitment to

Business Industry

Adani Group Stocks Rally After Hindenburg Closure

By BPN News Desk January 16, 2025

Adani Group stocks surged as much as 7% following the announcement that US-based short-seller Hindenburg Research has ceased its operations. This development has provided a sense of relief to the conglomerate and its investors, who have been navigating market volatility since Hindenburg’s critical report earlier this year. Hindenburg Research, known for targeting

Industry

India to Achieve 20% Ethanol Blending Target Soon

By BPN News Desk January 16, 2025

Union Minister Nitin Gadkari has announced that India is on track to achieve its ambitious target of 20% ethanol blending with petrol within the next two months. This milestone is a major step in the country’s push towards cleaner energy alternatives and reducing its reliance on fossil fuels. Ethanol Blending: A Game-Changer for Energy Ethanol […]

Industry

Government Plans Scheme to Boost Battery Component Manufacturing

By BPN News Desk January 16, 2025

The government is reportedly working on a comprehensive scheme to promote the domestic manufacturing of critical battery components, marking a significant step toward boosting clean energy initiatives and reducing reliance on imports. This initiative is seen as pivotal to fostering a robust ecosystem for electric vehicles (EVs) and energy storage systems. Focus on Battery

Industry

Government Initiates Measures to Alleviate MSME Compliance and Financing Challenges

By BPN News Desk January 16, 2025

The Indian government is engaging with stakeholders to streamline compliance procedures and enhance financing avenues for Micro, Small, and Medium Enterprises (MSMEs).