Business Industry

Centre Halves Import Duty on Crude Edible Oils to 10%

By BPN News Desk June 13, 2025

The Government of India has halved the basic customs duty (BCD) on imported crude edible oils, including sunflower, soybean, and palm oil, from 20% to 10%. The move, effective June 12, is aimed at curbing retail price inflation, encouraging domestic refining, and ensuring smoother edible oil availability in the domestic market. Edible Oil Duty Cut […]

Business Markets

Asia-Pacific Markets Drop Amid Israel-Iran Flare-Up and US-China Trade Truce

By BPN News Desk June 13, 2025

Asia-Pacific stock markets ended the week in negative territory as escalating tensions between Israel and Iran rattled investor sentiment across the region. Even as a temporary US-China trade truce brought some relief, the geopolitical uncertainty surrounding the Middle East took center stage, pushing oil prices higher and equity indices lower. Middle East Tensions Rattle

Business Trade

India Pushes Back on US “Take-It-Or-Leave-It” Trade Demands

By BPN News Desk June 11, 2025

India has firmly rejected Washington’s “take-it-or-leave-it” trade demands, especially those seeking access to highly sensitive sectors such as agriculture, dairy, digital services, and medical devices. This assertive stance was conveyed during a recent round of trade talks held from June 4 to June 10, as the deadline for a 90-day tariff truce between the

Business Industry

India’s State Oil Refiners to Buy $600M Tankers Domestically

By BPN News Desk June 11, 2025

India’s major state-run oil refiners—Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL)—are joining forces to issue a joint tender later this year for 10 domestically built medium-range (MR) tankers, with a total estimated value of around $600 million. This strategic move underlines the government’s

Business Industry

AMD Teams with India to Build Homegrown GPUs

By BPN News Desk June 10, 2025

India’s growing ambition to become self-reliant in semiconductor technologies has received a major boost with American chipmaker AMD confirming it is in discussions with the Indian government regarding the development of indigenous GPUs. This collaboration is expected to take shape under the India Semiconductor Mission once policy frameworks permit the inclusion of

Business Finance

GST Council to Consider Full Insurance GST Exemption Ahead of Monsoon Session

By BPN News Desk June 9, 2025

The Goods and Services Tax (GST) Council is likely to consider a proposal to fully exempt term life insurance and health insurance for senior citizens from GST in its upcoming meeting. The council is expected to take this up before the start of the monsoon session of Parliament, as part of a larger move to […]

Business Finance

SBI Transfers ₹8,076.84 Cr Dividend to Govt in FY25

By BPN News Desk June 9, 2025

The Government of India has received a dividend of ₹8,076.84 crore from the State Bank of India (SBI) for the financial year 2024–25. This payment marks a significant increase from the ₹6,959 crore received in FY24, reflecting SBI’s sustained financial performance and continued role as a vital revenue contributor for the central exchequer. The cheque […]

Business Industry

Reliance Bets ₹5,000 Cr on Defence Aircraft Upgrades

By BPN News Desk June 9, 2025

Reliance Infrastructure has announced a major foray into India’s defence aviation sector by committing ₹5,000 crore over the next 7 to 10 years to military aircraft upgrades. This marks a significant moment in Indian defence history as it is the first time a private Indian firm is independently carrying out complete aircraft upgrades without direct […]

Business Industry

Centre Clears Plan to Double Iron Ore Output at Lloyds Mine in Gadchiroli

By BPN News Desk June 8, 2025

 In a major development for India’s mining and steel sectors, the Centre has approved the expansion of Lloyds Metals and Energy Ltd’s (LMEL) Surjagarh iron ore mine in Maharashtra’s Gadchiroli district. The decision allows the company to more than double its extraction capacity from 10 million tonnes per annum (MTPA) to 26 MTPA, making it […]

Business Trade

India Enforces Anti-Dumping Duties on Key Chemical Imports

By BPN News Desk June 7, 2025

India has imposed anti-dumping duties on two critical chemicals—Vitamin-A Palmitate and Insoluble Sulphur—imported from China, Japan, Switzerland, and the European Union. The move is intended to protect Indian manufacturers from the adverse effects of cheap imports that have been causing market distortions and financial damage to domestic industries. The decision,