Business Industry

Adani Group Stocks Rally After Hindenburg Closure

By BPN News Desk January 16, 2025

Adani Group stocks surged as much as 7% following the announcement that US-based short-seller Hindenburg Research has ceased its operations. This development has provided a sense of relief to the conglomerate and its investors, who have been navigating market volatility since Hindenburg’s critical report earlier this year. Hindenburg Research, known for targeting

Industry

India to Achieve 20% Ethanol Blending Target Soon

By BPN News Desk January 16, 2025

Union Minister Nitin Gadkari has announced that India is on track to achieve its ambitious target of 20% ethanol blending with petrol within the next two months. This milestone is a major step in the country’s push towards cleaner energy alternatives and reducing its reliance on fossil fuels. Ethanol Blending: A Game-Changer for Energy Ethanol […]

Finance

RBI Revises FEMA Regulations to Boost Cross-Border Rupee Transactions

By BPN News Desk January 16, 2025

The RBI has updated FEMA regulations, enabling cross-border rupee transactions and empowering exporters with foreign currency accounts to promote INR's global acceptance.

Industry

Government Plans Scheme to Boost Battery Component Manufacturing

By BPN News Desk January 16, 2025

The government is reportedly working on a comprehensive scheme to promote the domestic manufacturing of critical battery components, marking a significant step toward boosting clean energy initiatives and reducing reliance on imports. This initiative is seen as pivotal to fostering a robust ecosystem for electric vehicles (EVs) and energy storage systems. Focus on Battery

Finance

Raghuram Rajan: Rupee Fall Not Concerning, It’s a Dollar Issue

By BPN News Desk January 16, 2025

Raghuram Rajan downplays concerns over the rupee's depreciation, attributing it to global dollar strength.

Finance

UPI Payments Now Accepted at Dubai Duty Free Stores

By BPN News Desk January 16, 2025

Indian travelers can now use UPI for seamless transactions at Dubai Duty Free outlets, enhancing shopping convenience.

Finance

Small Finance Banks’ Profitability Hit by Rising Costs

By BPN News Desk January 16, 2025

Small Finance Banks in India face declining profitability due to rising funding and credit costs, with RoA projected at 1.4-1.6% for FY25.

Industry

Government Initiates Measures to Alleviate MSME Compliance and Financing Challenges

By BPN News Desk January 16, 2025

The Indian government is engaging with stakeholders to streamline compliance procedures and enhance financing avenues for Micro, Small, and Medium Enterprises (MSMEs).

Industry

Indian Aviation Industry Faces ₹2,000-3,000 Crore Loss in FY25

By BPN News Desk January 15, 2025

The domestic aviation industry in India is projected to face a net loss of ₹2,000-3,000 crore in the financial year 2025, according to a recent report. The anticipated losses stem from persistent challenges, including elevated costs, fluctuating fuel prices, and competitive pressures on ticket pricing. High Operating Costs Impact Margins The report highlights that while

Finance

CII Proposes 10-Point Plan to Boost Ease of Doing Business

By BPN News Desk January 15, 2025

In anticipation of the Union Budget 2025, the Confederation of Indian Industry (CII) has proposed a comprehensive 10-point plan aimed at improving the ease of doing business and fostering economic growth. These recommendations emphasize policy reforms, infrastructure development, and taxation simplifications to create a more conducive environment for businesses. Key