Rosneft Holds Preliminary Talks with Reliance on Nayara Stake Sale

By BPN News Desk July 3, 2025

Business Industry

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

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 Finance

India Leverages EIB Ties and Global Diplomacy at Spain Summit

By BPN News Desk July 3, 2025

Finance Minister Nirmala Sitharaman led India’s delegation at the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain, emphasizing the nation’s growing role in global finance and digital transformation. Digitalisation Strength During her meeting with Nadia Calviño, President of the European Investment Bank (EIB), Sitharaman proposed

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

Business Industry

Tesla Shares Tumble Amid Musk–Trump Clash and Delivery Concerns

By BPN News Desk July 2, 2025

Tesla shares plunged sharply following a renewed public spat between CEO Elon Musk and President Donald Trump, alongside growing anxiety over Tesla’s second-quarter delivery figures. TSLA opened the day with declines exceeding 6%, reaching a low of around 7% below the previous close—erasing billions from the company’s market value. Tesla Stock The sell-off began after […]

Business Trade

US Farmers Warn of Risks if India Cuts Tariffs in Trade Deal

By BPN News Desk July 1, 2025

As talks continue toward a potential US‑India trade deal, American farm groups are cautioning that sweeping tariff cuts on US agricultural exports—such as wheat, pulses, dairy, and fresh fruits—could inflict severe harm on India’s domestic farming sector and food sovereignty. According to the US Farm Trade Risk Index (GTRI), the removal of India’s high tariffs—some […]

Business Finance

Small-Savings Rates Unchanged for July–September Quarter

By BPN News Desk July 1, 2025

The Government of India has decided to maintain steady interest rates on key small-savings schemes—including Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS), along with various post‑office Time and Recurring Deposits, Kisan Vikas Patra, Monthly Income Scheme (MIS), and Savings