Business Industry

Tata Motors Confirms Magnet Stock Amid China Curbs

By BPN News Desk June 23, 2025

Tata Motors has confirmed that it is not currently facing any disruptions in the supply of rare-earth magnets, despite growing concerns over China’s tightened export regulations. During its 80th Annual General Meeting, Chairman Natarajan Chandrasekaran stated that the company is proactively managing the situation through strategic inventory planning and close

Business Industry

Foxconn’s India Push Hits 11%: Asset Share Climbs to Third Globally

By BPN News Desk June 17, 2025

Taiwan-based electronics giant Foxconn (Hon Hai Precision Industry) has made India its fastest-growing global asset hub, with the country’s share in the firm’s non-current assets soaring nearly fourfold in just three years. From a modest 2.6% in 2022, following the introduction of India’s Production-Linked Incentive (PLI) scheme for mobile devices, India’s

Business Industry

Hyundai Starts Engine Production at Talegaon Plant

By BPN News Desk June 17, 2025

Hyundai Motor India Ltd (HMIL) has officially commenced engine production at its Talegaon manufacturing facility in Maharashtra, marking a significant milestone in the company’s ₹6,000 crore investment plan to expand its footprint in the Indian automotive market. The engine assembly line went live on June 16, 2025, months ahead of the full-scale vehicle production

Business Industry

Tata Expands iPhone Manufacturing Role as India Exports Surge

By BPN News Desk June 17, 2025

India’s status as a global iPhone production hub is accelerating, with Tata Electronics rapidly gaining ground in Apple’s supply chain. Amid ongoing U.S.–China trade tensions and heavy tariffs on Chinese-made electronics, India has emerged as a strategic manufacturing alternative, and Tata is now central to that transformation. In the first five months of 2025,

Business Industry

Meta Appoints Arun Srinivas as New India Managing Director

By BPN News Desk June 16, 2025

Meta Platforms has announced the appointment of Arun Srinivas as its new Managing Director and Head for India, effective July 1, 2025. Srinivas currently oversees Meta’s advertising business in India and will report to Sandhya Devanathan, who now leads both India and Southeast Asia. Meta India leadership change Srinivas steps into the role as Meta deepens […]

Business Industry

Centre Halves Import Duty on Crude Edible Oils to 10%

By BPN News Desk June 13, 2025

The Government of India has halved the basic customs duty (BCD) on imported crude edible oils, including sunflower, soybean, and palm oil, from 20% to 10%. The move, effective June 12, is aimed at curbing retail price inflation, encouraging domestic refining, and ensuring smoother edible oil availability in the domestic market. Edible Oil Duty Cut […]

Business Industry

India’s State Oil Refiners to Buy $600M Tankers Domestically

By BPN News Desk June 11, 2025

India’s major state-run oil refiners—Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL)—are joining forces to issue a joint tender later this year for 10 domestically built medium-range (MR) tankers, with a total estimated value of around $600 million. This strategic move underlines the government’s

Business Industry

AMD Teams with India to Build Homegrown GPUs

By BPN News Desk June 10, 2025

India’s growing ambition to become self-reliant in semiconductor technologies has received a major boost with American chipmaker AMD confirming it is in discussions with the Indian government regarding the development of indigenous GPUs. This collaboration is expected to take shape under the India Semiconductor Mission once policy frameworks permit the inclusion of

Business Industry

Reliance Bets ₹5,000 Cr on Defence Aircraft Upgrades

By BPN News Desk June 9, 2025

Reliance Infrastructure has announced a major foray into India’s defence aviation sector by committing ₹5,000 crore over the next 7 to 10 years to military aircraft upgrades. This marks a significant moment in Indian defence history as it is the first time a private Indian firm is independently carrying out complete aircraft upgrades without direct […]

Business Industry

Centre Clears Plan to Double Iron Ore Output at Lloyds Mine in Gadchiroli

By BPN News Desk June 8, 2025

 In a major development for India’s mining and steel sectors, the Centre has approved the expansion of Lloyds Metals and Energy Ltd’s (LMEL) Surjagarh iron ore mine in Maharashtra’s Gadchiroli district. The decision allows the company to more than double its extraction capacity from 10 million tonnes per annum (MTPA) to 26 MTPA, making it […]