Business Industry

Adani Group to Invest $100 Billion in 5-Year Expansion Drive

By BPN News Desk June 24, 2025

The Adani Group has announced an ambitious capital expenditure plan of $15–20 billion annually over the next five years, translating to an overall investment of nearly $100 billion. The announcement, made by Chairman Gautam Adani during the company’s annual general meeting, underscores the group’s intention to double down on its infrastructure dominance and lead India’s

Business Industry International

India Boosts Oil Imports from Russia, US Amid Gulf Crisis

By BPN News Desk June 24, 2025

India is rapidly reshaping its oil import strategy by ramping up purchases from Russia, the United States, Africa, and Latin America, as tensions in the Middle East threaten the reliability of traditional Gulf-based supplies. The move comes as geopolitical risks escalate in the Strait of Hormuz, a vital maritime chokepoint that handles nearly half of […]

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

ICICI Wanted to Acquire HDFC, Reveals Deepak Parekh

By BPN News Desk June 21, 2025

In a candid revelation, Deepak Parekh, former Chairman of HDFC Ltd, disclosed that ICICI Bank once proposed to acquire HDFC—long before the landmark merger between HDFC Ltd and HDFC Bank was finalized. The disclosure was made during a conversation on Chanda Kochhar’s YouTube channel, where the former ICICI Bank CEO herself had made the informal […]

Business

DGCA Orders Removal of 3 Air India Rostering Officials

By BPN News Desk June 21, 2025

In a significant regulatory intervention, the Directorate General of Civil Aviation (DGCA) has directed Air India to remove three senior officials from all crew scheduling responsibilities. The move comes amid findings of serious violations related to pilot flight duty time limitations. Air India Violated Pilot Duty Norms According to the DGCA, Air India allowed two […]

Business Trade

India Imposes Five-Year Anti-Dumping Duties on Chinese Imports

By BPN News Desk June 21, 2025

India has taken a decisive step to safeguard its domestic industries by imposing five-year anti-dumping duties on imports of aluminium foil, the herbicide Pretilachlor (including its intermediate PEDA), and the solvent Acetonitrile originating from China, Taiwan, and Russia. The move follows a thorough investigation by the Directorate General of Trade Remedies (DGTR),

Business

Air India Cuts 15% International Wide-Body Flights

By BPN News Desk June 19, 2025

Air India has announced a temporary 15% reduction in its international operations involving wide-body aircraft, a move that will continue at least until mid-July. The decision, which impacts long-haul services significantly, stems from a combination of operational and safety-related constraints facing the airline. Currently, Air India operates approximately 70 wide-body

Business

Altman: Meta Offering $100M Bonuses to Lure OpenAI Talent

By BPN News Desk June 18, 2025

In a revealing discussion on the growing intensity of the artificial intelligence race, OpenAI CEO Sam Altman disclosed that Meta has been offering signing bonuses of up to $100 million in an attempt to poach OpenAI employees. Speaking on the Uncapped podcast hosted by his brother, Jack Altman, the tech CEO called the offers “wild,” […]

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