Business Industry

RBI Reviews E-Wallets After BluSmart’s Collapse

By BPN News Desk May 15, 2025

The Reserve Bank of India (RBI) has launched a detailed review of digital wallets tied to app-based services, following the sudden collapse of BluSmart, an all-electric taxi service. The move comes in response to mounting complaints from users who were left unable to recover funds stored in BluSmart’s internal wallet system. BluSmart’s Sudden Shutdown BluSmart […]

Business

Reliance Secures $2.9B Dual-Currency Loan in 2025

By BPN News Desk May 15, 2025

Reliance Industries Ltd. (RIL), headed by Mukesh Ambani, has secured a landmark $2.9 billion dual-currency offshore loan, making it the largest such transaction by an Indian firm in over a year and the most significant syndicated loan deal in Asia so far in 2025. Reliance Offshore Loan Finalized on May 9, the loan features two […]

Business Trade

India’s Russian Oil Imports Hit 9-Month High in April

By BPN News Desk May 5, 2025

India’s crude oil imports from Russia climbed to a nine-month high in April 2025, hitting 1.92 million barrels per day (bpd). This marks a 2.1% increase from March levels and pushed Russia’s share of India’s total crude imports to 39.3%, up from 35.7% the previous month. The latest data reflects a continued strategic reliance on […]

Business Industry

Supreme Court Nullifies JSW Steel’s Acquisition of Bhushan Power & Steel

By BPN News Desk May 5, 2025

In a dramatic ruling that has sent shockwaves through India’s corporate and legal landscape, the Supreme Court has nullified JSW Steel’s ₹19,700 crore acquisition of Bhushan Power & Steel Ltd (BPSL). The deal, approved under the Insolvency and Bankruptcy Code (IBC) in 2019, was struck down on the grounds of serious procedural violations, marking a […]

Business Finance

India’s GST Collections Hit Record ₹2.37 Lakh Crore in April

By BPN News Desk May 2, 2025

India’s Goods and Services Tax (GST) revenue hit a historic peak in April 2025, with collections soaring to ₹2.37 lakh crore. This marks a 12.6% year-on-year growth from April 2024 and represents the highest monthly GST collection since the system was launched in 2017. The surge was led by strong domestic consumption and robust imports, […]

Business Industry

Tata, Foxconn Said to Begin iPhone Production in India

By BPN News Desk May 1, 2025

India’s electronics manufacturing sector may be entering a new phase, as sources indicate that iPhone production has reportedly begun at Tata Electronics’ facility in Hosur, Tamil Nadu. The development is believed to be part of Apple’s ongoing strategy to diversify its manufacturing base away from China and strengthen its footprint in India. According to those […]

Business Industry

Apple to Shift U.S. iPhone Production to India by 2026

By BPN News Desk April 27, 2025

In a major strategic shift, Apple Inc. is preparing to relocate the assembly of all iPhones destined for the U.S. market from China to India by the end of 2026. This move is aimed at reducing supply chain risks, diversifying manufacturing operations, and countering rising trade tensions between the United States and China. iPhone Production […]

Business Industry

Hindenburg Founder Slams Mossad Link to Adani Report as ‘Absurd’

By BPN News Desk April 26, 2025

In a sharp response to recent allegations, Hindenburg Research founder Nate Anderson dismissed suggestions that Israel’s Mossad agency was involved in compiling their report on the Adani Group. Addressing the claims directly, Anderson called them “absurd” and likened them to a “James Bond fantasy.” The controversy stems from recent narratives pushed

Business Industry

Mossad Uncovers Network Behind Adani Targeting

By BPN News Desk April 24, 2025

In a startling claim, fact-checker Vijay Patel has alleged that Israeli intelligence agency Mossad uncovered a sophisticated international network aimed at discrediting the Adani Group and undermining India’s economic interests. According to Patel, the operation began after Adani Group Chairman Gautam Adani visited Israel on January 31, 2023, to finalize the $1.2 billion

Business Industry

JSW Energy Launches ₹16,000 Cr Salboni Power Plant and Industrial Park

By BPN News Desk April 22, 2025

JSW Energy has officially commenced construction of a 1,600 MW ultra-supercritical thermal power plant in Salboni, Paschim Medinipur district, West Bengal. This ₹16,000 crore project, comprising two units of 800 MW each, represents the company’s largest greenfield initiative to date and the most significant private-sector thermal power project in the state.​ The