Industry

Adani Group to Invest $3 Billion in Semiconductor Manufacturing

By Editor - News Desk October 18, 2024

The Adani Group is set to make a significant move into semiconductor manufacturing with an initial investment of $3 billion over the next 2-3 years, according to a report by Mint on October 16. The Gautam Adani-led conglomerate is reportedly in talks with two Israeli companies to establish separate joint ventures for chip production, signaling […]

Industry

India Sanctions Three Hydrogen Steelmaking Pilot Projects Under Green Mission

By Editor - News Desk October 18, 2024

The Union Government of India has approved three innovative pilot projects aimed at incorporating hydrogen into steel production under the National Green Hydrogen Mission. These projects mark a significant step towards decarbonizing India’s steel sector, one of the most carbon-intensive industries. Green Hydrogen in Steel Production As part of the mission, the

Trade

China Becomes India’s Top Import Source, US Leads in Exports

By Editor - News Desk October 17, 2024

China has emerged as the top import source for India, with inbound shipments worth $56.29 billion during the April-September period of the current fiscal year, as per data released by the commerce ministry. This marks an 11.5% increase from the $50.48 billion worth of imports recorded during the same period in 2023. The rise in […]

Finance

India’s Retail Inflation Surges to 5.49% in September, Driven by Soaring Vegetable Prices

By Editor - News Desk October 15, 2024

India’s retail inflation jumped to 5.49% in September, crossing the central bank’s target range, largely due to a base effect and a sharp rise in vegetable prices. According to data from the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI)-based inflation saw a notable increase from 3.65% in August, exceeding the 5.1% […]

Finance

Rupee Falls Below 84 Mark as FPIs Exit, Oil Prices Rise

By Editor - News Desk October 12, 2024

On Friday, the Indian rupee breached the 84-mark, closing at 84.06 against the US dollar due to sustained foreign portfolio investor (FPI) outflows and rising crude oil prices. The domestic currency hit an intra-day low of 84.07 before settling at this new record low. RBI’s Intervention Amid Rupee Weakness The Reserve Bank of India (RBI) […]

Business

Noel Tata Elected as Tata Trusts Chairman After Ratan Tata’s Passing

By BPN News Desk October 11, 2024

Noel Tata, half-brother of the late Ratan Tata, has been unanimously elected as the new chairman of Tata Trusts, according to a report by CNBC-TV18 on Friday. This significant appointment comes after the passing of the legendary industrialist Ratan Tata on October 9, 2024, at the age of 86. Noel Tata has been closely involved […]

Business Industry

JSW Green Mobility to Invest Rs 27,200 Crore in AURIC City Plant

By BPN News Desk October 11, 2024

Aurangabad Industrial City (AURIC) has allotted 636 acres of land to JSW Green Mobility, marking a significant step towards boosting the state’s industrial ecosystem. The plant, set to be established in the Bidkin node, is expected to go into production within the next 12 to 18 months, according to an official statement by Maharashtra Industrial […]

Business Industry

JSW Infra Secures ₹4,259 Cr Murbe Port Project in Maharashtra

By BPN News Desk October 10, 2024

JSW Infrastructure Limited (JSW Infra), a leading private port operator in India, has been awarded the contract to develop, operate, manage, and maintain a new all-weather multipurpose port in Murbe village, Palghar district, Maharashtra. The Maharashtra Maritime Board (MMB) issued a Letter of Intent (LoI) to the company, according to a filing made by JSW […]

Business Industry

India to Pass New Law for Offshore Oil Exploration Boost

By BPN News Desk October 10, 2024

India is set to pass a new law in the upcoming parliament session aimed at encouraging investments in offshore oil exploration, Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced on Tuesday. The proposed law will replace the existing Oilfields (Regulation and Development) Act of 1948, modernizing the legal framework for the country’s oil […]

Business Economy National

RBI Keeps Repo Rate Steady at 6.5%, Shifts Policy Stance to ‘Neutral’

By BPN News Desk October 9, 2024

RBI maintains status quo on repo rate; MPC revises policy stance to ‘neutral’ as inflation and growth projections remain steady. In its latest monetary policy meeting held from October 7 to 9, 2024, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5% for the tenth […]