Business

Nayara Energy Appoints New CEO Amid Sanctions

By BPN News Desk August 27, 2025

Nayara Energy has appointed Teymur Abasguliyev as its new Chief Executive Officer, effective September. The announcement follows the resignation of former CEO Alessandro des Dorides, who stepped down in July after the company came under European Union sanctions. Abasguliyev Brings Global Energy Leadership Abasguliyev, an Azerbaijan national, currently serves as CFO of

Business

Apple’s “Awe Dropping” Event on September 9

By BPN News Desk August 27, 2025

Apple has officially announced its fall event, titled “Awe Dropping”, scheduled for September 9, 2025, at the Steve Jobs Theater in Cupertino. The event will spotlight the company’s latest hardware releases and software updates. iPhone 17 Series Expected The highlight is expected to be the iPhone 17 series, featuring models such as the iPhone 17, […]

Business Industry

US Tariffs Halt Production in India’s Export Hubs

By BPN News Desk August 27, 2025

The sharp rise in U.S. import duties has forced textile and apparel units in Tirupur, Noida, and Surat to halt operations. The new 50% tariffs on Indian goods have severely undercut their cost competitiveness, leaving exporters unable to keep production lines running. Exporters Warn of Huge Disadvantages The Federation of Indian Export Organisations (FIEO) said […]

Business

Vodafone Idea Unit Eyes ₹5,000 Crore Short-Term Debt

By BPN News Desk August 26, 2025

Vodafone Idea Telecom Infrastructure Ltd, a subsidiary of Vodafone Idea, is preparing to raise up to ₹5,000 crore in short-term debt through bonds in September. The company plans to issue ₹3,000 crore in two-year bonds and ₹2,000 crore in three-year bonds. Coupon Rates and Investor Base The two-year bonds are expected to carry a coupon […]

Business Finance

RBI Holds Talks with Exporters as US Tariffs Loom

By BPN News Desk August 26, 2025

The Reserve Bank of India (RBI) has started consultations with exporters to understand what support they may need as the US prepares to impose steep tariffs on Indian goods. These discussions are expected to continue through the week, with small and medium-sized enterprises flagged as the most at risk. Tariff Impact on Exports The US […]

Business

Mahindra’s BE 6 Batman Edition Sells Out in 135 Seconds

By BPN News Desk August 26, 2025

The Mahindra BE 6 Batman Edition, a special limited-edition electric SUV inspired by the Dark Knight trilogy, sold out in just 135 seconds after bookings opened at 11 am. Mahindra initially limited production to 300 units but later increased it to 999 due to high demand. All units were booked within minutes. Design and Features […]

Business

Musk’s xAI Files Lawsuit Against Apple and OpenAI

By BPN News Desk August 26, 2025

Elon Musk’s companies, xAI and X Corp., have filed a federal antitrust lawsuit against Apple and OpenAI. The suit alleges that the two giants have colluded to stifle competition in AI by integrating ChatGPT deeply into Apple’s ecosystem, thereby disadvantaging rival platforms like xAI’s Grok chatbot. Unfair Advantage Alleged The lawsuit claims that Apple’s exclusive […]

Business Finance

New GST Rates Likely by Dussehra as Revenue Shortfall Looms

By BPN News Desk August 25, 2025

The government is preparing to revamp the Goods and Services Tax (GST) structure by Dussehra. The new plan includes two primary slabs of 5% and 18%, along with a 40% levy on luxury and sin goods. The proposal will be discussed in the upcoming GST Council meeting in early September, with implementation likely around the […]

Business

Oil Prices Rise After Ukrainian Strikes on Russian Energy

By BPN News Desk August 25, 2025

Oil prices inched higher after Ukrainian drone attacks on Russian energy facilities sparked supply concerns. Brent crude was trading near $67.76 per barrel, while U.S. West Texas Intermediate (WTI) reached about $63.73. Damage to Russian Facilities The strikes targeted major infrastructure, including a reactor at a Russian nuclear plant, the Ust-Luga fuel export terminal,

Business Industry

India to Export EVs to 100 Countries Soon

By BPN News Desk August 25, 2025

Prime Minister Narendra Modi announced that India will soon export electric vehicles (EVs) to 100 countries, describing it as a landmark for the automobile industry. A formal launch event for the initiative is scheduled for August 26. Growth in Auto Exports Modi noted that in 2014 India’s annual automobile exports were around ₹50,000 crore. Today, […]