Business Finance

UPI Transactions Reach ₹25.14 Lakh Crore in May

By BPN News Desk June 4, 2025

India’s digital payment ecosystem reached a new peak in May 2025, as Unified Payments Interface (UPI) transactions touched a record value of ₹25.14 lakh crore. This marks a significant milestone in the country’s shift toward a cashless economy, with more individuals and businesses embracing digital transactions at unprecedented levels. UPI Transactions May The month

Business

Adani Group Eyes Airport Ground Handling Amid Celebi’s Exit

By BPN News Desk June 3, 2025

The Adani Group is preparing to make a significant foray into the airport ground handling business, marking a strategic expansion of its aviation operations. This decision comes in the wake of Turkish operator Celebi’s exit from Indian airports, a development that has created a vacuum in ground services across key locations. Adani Airport Holdings Limited […]

Business

Microsoft Lays Off 300 More Employees in Continued Restructuring

By BPN News Desk June 3, 2025

Microsoft has initiated another round of layoffs, terminating over 300 employees just weeks after it let go of approximately 6,000 workers in May. This latest wave of job cuts comes as part of a broader restructuring plan aimed at realigning the company’s workforce with evolving strategic priorities, particularly in artificial intelligence and cloud-based solutions. The

Business Finance

RBI May Slash Repo Rate by 50 bps to Spur Credit Growth

By BPN News Desk June 3, 2025

The Reserve Bank of India is widely expected to implement a sharp 50 basis point cut in the benchmark repo rate during its upcoming monetary policy review on June 6. The projection, made by the Economic Research Department of the State Bank of India, marks a significant shift toward monetary easing aimed at reviving a […]

Business Industry

Reliance Infra Eyes ₹3,000 Cr in Defence Exports by FY27

By BPN News Desk June 2, 2025

Reliance Infrastructure Ltd has set an ambitious target of achieving ₹3,000 crore in defence exports within the next two years, marking a major expansion into global defence supply chains. The company, part of the Anil Ambani-led Reliance Group, is betting big on large-calibre artillery ammunition and integrated explosives manufacturing to become one of India’s top […]

Business Industry

India’s iPhone Production Lags 10x Behind China’s Growth Pace

By BPN News Desk June 2, 2025

India’s ambition to become a global iPhone manufacturing hub is advancing steadily but at a pace far behind China’s historical trajectory. Current data reveals that India is building iPhones nearly ten times slower than China did during its corresponding growth period, raising key questions about infrastructure readiness and strategic planning. India’s Production

Business Industry

India to Launch First Indigenous Semiconductor Chip in 2025

By BPN News Desk June 2, 2025

India is set to unveil its first fully indigenous semiconductor chip by late 2025, marking a historic milestone in the country’s quest for technological self-reliance. The chip, based on 28–90 nanometre (nm) technology, will cater to a wide range of applications, including telecommunications, automobiles, railway electronics, and industrial systems. India

Business Trade

India Plans Tariff Retaliation as US Rejects WTO Notice

By BPN News Desk June 2, 2025

India is preparing to take strong trade action against the United States after Washington rejected New Delhi’s notice at the World Trade Organization (WTO) concerning high tariffs on steel and aluminium. The move signals a fresh escalation in trade tensions between the two nations, with India considering retaliatory duties on a range of American goods. […]

Business Industry

ATR Eyes India for Aircraft Manufacturing Expansion

By BPN News Desk June 2, 2025

ATR, the Franco-Italian turboprop aircraft manufacturer, is exploring the possibility of establishing a manufacturing facility in India. Jean-Pierre Clercin, Head of Commercial for Asia Pacific at ATR, said, “Nothing is off the table, if it makes business and industrial sense.” The company currently manufactures its aircraft in Toulouse, France, and Naples,

Business

Google Commits $7B to U.S. Cloud and AI Expansion

By BPN News Desk June 2, 2025

Google has announced a $7 billion investment over the next two years to accelerate its U.S. cloud computing and artificial intelligence (AI) infrastructure. A large portion of this funding will go toward building a new data center in Cedar Rapids, Iowa, and expanding the existing one in Council Bluffs. This is one of Google’s largest […]