Business Industry

Tata Steel to Raise ₹3,000 Crore via NCDs

By BPN News Desk February 14, 2025

Tata Steel has announced its intention to raise ₹3,000 crore by issuing non-convertible debentures (NCDs) through a private placement. The company’s board approved this fundraising initiative during a meeting on February 14. Details of the NCD Issuance The company plans to issue 300,000 NCDs, each valued at ₹100,000, to eligible investors. The tentative allotment

Business Industry

Adani Green Seeks ₹10,000 Crore Loan Refinancing

By BPN News Desk February 14, 2025

Adani Green Energy Limited (AGEL) is in advanced discussions with a consortium led by the State Bank of India (SBI) to refinance its existing dollar-denominated loans, aiming to raise up to ₹10,000 crore. This strategic move is intended to mitigate foreign exchange risk and capitalize on favorable domestic interest rates. Strategic Financial Management By opting […]

Business Industry

Apple Unveils New Product Line Set for February 19 Release

By BPN News Desk February 14, 2025

In a recent announcement, Apple CEO Tim Cook introduced the latest addition to the company’s product lineup, scheduled for release on February 19. This new product is expected to integrate seamlessly into the Apple ecosystem, offering users enhanced functionality and design. Anticipated Features and Innovations While specific details about the new product remain

Business Industry

Housing Sales Surge 20% in Top 15 Tier-II Cities

By BPN News Desk February 14, 2025

In a notable development for India’s real estate sector, housing sales in the top 15 tier-II cities have experienced a significant uptick. The total value of these sales has reached ₹1.53 lakh crore, marking a 20% increase over the previous period. Factors Driving the Surge in Housing Sales Several factors have contributed to this surge […]

Business Industry

Adani Group to Double Ammunition Production Amid Global Demand

By BPN News Desk February 14, 2025

In response to escalating global demand, the Adani Group is set to significantly enhance its ammunition production capabilities. The company currently manufactures 150 million rounds of small arms ammunition each year and aims to double this output to 300 million rounds by the end of the year. This strategic move comes as the company has […]

International Trade

India and U.S. Sign Energy Deal to Boost Oil and Gas Trade

By BPN News Desk February 14, 2025

India and the United States have signed an agreement to enhance energy cooperation, positioning the U.S. as a leading supplier of oil and gas to India, aiming to strengthen India's energy security and deepen bilateral trade ties.

Business Industry

Government Reduces GST on Movie Tickets to Support Film Industry

By BPN News Desk February 13, 2025

In a recent parliamentary session, Finance Minister Nirmala Sitharaman addressed concerns regarding the taxation of movie tickets, highlighting efforts to support the film industry through tax rationalization. GST Reduction on Movie Tickets The Finance Minister emphasized that the Goods and Services Tax (GST) on movie tickets priced above ₹100 was reduced from 28% to 18%

Trade

India Develops Sanctions-Proof Supply Chain for Russian Oil

By BPN News Desk February 13, 2025

Indian oil refiners are restructuring supply chains, creating new entities, and exploring alternative payment methods to maintain Russian crude imports amid tightening international sanctions.

Industry

Zero Tariffs Could Boost India’s Competitiveness in Semiconductor Manufacturing: U.S. Semiconductor Industry Association

By BPN News Desk February 13, 2025

The U.S. Semiconductor Industry Association emphasizes that eliminating tariffs on semiconductor components and equipment is essential for India to enhance its global competitiveness in chip manufacturing.

Business Industry

Rado CEO Highlights India’s Emergence as Leading Market

By BPN News Desk February 12, 2025

In a recent interview, Adrian Bosshard, CEO of Swiss luxury watch brand Rado, emphasized India’s significant position as a leading market for the company. He highlighted the country’s growing appreciation for luxury timepieces and its contribution to Rado’s global sales. India’s Growing Affinity for Luxury Watches Bosshard noted that India’s