RBI Survey Highlights Cash Preference Among Indian Farmers Amidst Digital Payment Growth

By BPN News Desk February 21, 2025

Finance

A recent survey by the Reserve Bank of India (RBI) reveals that cash remains the primary mode of transaction among Indian farmers, even as digital payment methods gain traction nationwide. The study indicates that while digital payments have seen significant growth, cash continues to be the

Business Industry

Uday Kotak Urges Young Entrepreneurs to Build Businesses Over Trading

By BPN News Desk February 21, 2025

At the recent Chasing Growth 2025 investor event, Uday Kotak, Founder of Kotak Mahindra Bank, highlighted a concerning trend among young entrepreneurs in India. He observed that many are opting to manage family investments, engaging in stock and mutual fund trading, rather than building operational businesses. This shift, according to Kotak, indicates a decline in […]

Business Finance

India Considers GST Hike on Tobacco Products Post Compensation Cess

By BPN News Desk February 20, 2025

The Indian government is evaluating a proposal to increase the Goods and Services Tax (GST) on tobacco products, including cigarettes, following the scheduled conclusion of the compensation cess in March 2026. This initiative aims to maintain consistent tax revenue from the tobacco sector after the cessation of the compensation cess. Maintaining Revenue Post-Cess The

Business Industry

Tata Group Invests Rs 500 Crore in Breach Candy Hospital

By BPN News Desk February 19, 2025

In a significant move to strengthen India’s healthcare infrastructure, Tata Group has announced a Rs 500 crore investment in Mumbai’s Breach Candy Hospital. This makes Tata the hospital’s largest financial backer, securing three seats on the 14-member board of trustees. N Chandrasekaran, Chairman of Tata Sons, is set to succeed Deepak Parekh as Chairman of […]

Business Industry

Tata Electronics to Launch India’s First Indigenous Semiconductor Chip by Late 2025

By BPN News Desk February 18, 2025

In a landmark development for India’s technology sector, Tata Electronics is poised to introduce the country’s first indigenous semiconductor chip by September or October 2025. This initiative is a significant stride towards establishing a robust domestic semiconductor manufacturing ecosystem. Collaborative Effort in Semiconductor Manufacturing The forthcoming

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 Trade

Gold Prices Drop ₹1,200 After Hitting Record High

By BPN News Desk February 17, 2025

Gold prices in India saw a sharp decline of ₹1,200 per 10 grams, bringing the price down to ₹88,200 after hitting an all-time high. The drop follows fluctuations in the international market, with global gold rates showing signs of correction. Global Market Trends Impacting Gold Rates The recent price dip comes amid shifting global market […]

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 Finance

India Reduces Customs Duty on Bourbon Whiskey to 50%

By BPN News Desk February 14, 2025

In a significant policy shift, India has announced a reduction in customs duty on bourbon whiskey imports from 150% to 50%. This decision, effective from February 13, 2025, is part of India’s broader strategy to strengthen trade ties with the United States. Details of the Duty Reduction The revised tariff structure imposes a basic customs […]