Business Industry

Honeywell Unveils First ‘Made in India’ CCTV Series

By BPN News Desk June 6, 2025

Honeywell, a global leader in building technologies and automation, has officially launched the 50 Series CCTV Camera portfolio, its first-ever camera line designed and manufactured entirely in India. This strategic initiative aligns closely with the Indian government’s Atmanirbhar Bharat (Self-Reliant India) mission, positioning Honeywell as a committed contributor to

Industry

India Halves Import Duty on Crude Edible Oils to Curb Inflation

By BPN News Desk June 5, 2025

In a major policy move aimed at controlling food inflation and supporting the domestic edible oil industry, the Indian government has slashed the basic customs duty on crude palm oil, soybean oil, and sunflower oil from 20% to 10%. With additional cesses and surcharges included, the effective duty now stands reduced from 27.5% to 16.5%. […]

Business Finance

GST Council Plans to Scrap 12% Slab, Shift Items to 5% or 18%

By BPN News Desk June 5, 2025

The Goods and Services Tax (GST) Council is actively considering eliminating the 12% tax slab from India’s four-tier GST rate structure. The current system includes 5%, 12%, 18%, and 28% slabs. If implemented, the proposal would move all goods and services currently taxed at 12% into either the 5% or 18% brackets. This rationalisation is […]

Business

IBM Automates HR, Lays Off 8,000 Employees

By BPN News Desk June 5, 2025

IBM has implemented a sweeping workforce realignment, resulting in the termination of around 8,000 employees, predominantly from its Human Resources (HR) division. This decision is rooted in the company’s aggressive move toward automating routine HR functions through artificial intelligence. Tasks such as recruitment filtering, employee record management, internal

Business

Mumbai Auto Driver Earns ₹5–8 Lakhs a Month with Simple Idea

By BPN News Desk June 4, 2025

A Mumbai-based auto-rickshaw driver has become a symbol of street-smart entrepreneurship, reportedly earning ₹5–8 lakhs a month by offering a seemingly simple but incredibly effective service: bag storage outside the U.S. Consulate. Without any MBA degree, tech startup, or funding, his success is driven purely by hustle, opportunity-spotting, and trust. Visitors to the

Business Finance

UPI Set to Surpass Visa in Daily Transactions

By BPN News Desk June 4, 2025

India’s Unified Payments Interface (UPI) is on the brink of overtaking global financial giant Visa in terms of daily transaction volumes, marking a transformative moment in the global digital payments landscape. On June 1 and 2, UPI processed 644 million and 650 million transactions respectively, pushing it within striking distance of Visa’s global daily average […]

Business Industry

India’s Chip Sector Grows with $21B Investment Pipeline

By BPN News Desk June 4, 2025

India’s semiconductor manufacturing ambitions are finally materializing, with over $21 billion already committed to establishing a solid foundation in Assembly, Testing, Marking, and Packaging (ATMP) and Outsourced Semiconductor Assembly and Test (OSAT) segments. The focus is clear: to secure India’s place in the global chip supply chain while reducing import dependence.

Business Industry

Chinese Smartphone Firms Ramp Up Indian Manufacturing

By BPN News Desk June 4, 2025

Chinese smartphone brands operating in India are rapidly increasing local production by partnering with Indian contract manufacturers such as Dixon Technologies and Bhagwati Products (Micromax). This strategic realignment comes amid growing regulatory scrutiny and a quiet push by the Indian government to localize more value addition. Although these Chinese brands already

Business Finance

UPI Transactions Reach ₹25.14 Lakh Crore in May

By BPN News Desk June 4, 2025

India’s digital payment ecosystem reached a new peak in May 2025, as Unified Payments Interface (UPI) transactions touched a record value of ₹25.14 lakh crore. This marks a significant milestone in the country’s shift toward a cashless economy, with more individuals and businesses embracing digital transactions at unprecedented levels. UPI Transactions May The month

Business

Adani Group Eyes Airport Ground Handling Amid Celebi’s Exit

By BPN News Desk June 3, 2025

The Adani Group is preparing to make a significant foray into the airport ground handling business, marking a strategic expansion of its aviation operations. This decision comes in the wake of Turkish operator Celebi’s exit from Indian airports, a development that has created a vacuum in ground services across key locations. Adani Airport Holdings Limited […]