Finance

Mutual Funds Boost Cash Allocation by ₹7,000 Crore

By BPN News Desk January 13, 2025

Mutual funds in India increased their cash allocation significantly by ₹7,000 crore in December, taking the total allocation to a record ₹1.87 lakh crore. This rise reflects fund managers’ cautious approach amidst market volatility and concerns over global economic uncertainties. Fund Managers Shift Strategy The sharp increase in cash reserves is attributed to fund

Business

Air India’s Growth Highlights Tata Group’s Ambitions

By BPN News Desk January 13, 2025

Under the stewardship of the Tata Group, Air India has undergone a significant transformation, emerging as a global aviation player poised to reclaim its former glory. With major investments in fleet expansion, technology upgrades, and enhanced customer service, Air India is no longer a “subscale” business but a cornerstone of the Tatas’ aviation

Finance

RBI May Limit Forex Interventions to Keep Rupee Competitive

By BPN News Desk January 13, 2025

RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.

Finance

Sukesh Chandrasekhar Seeks to Declare $2.7B Overseas Income

By BPN News Desk January 13, 2025

In a surprising development, jailed conman Sukesh Chandrasekhar has written to Finance Minister Nirmala Sitharaman, seeking permission to declare an overseas income of $2.7 billion. Chandrasekhar, who is currently in prison for multiple fraud cases, expressed his willingness to pay taxes on the declared amount, aiming to comply with Indian tax regulations. Chandrasekhar’s

Markets

Stock Markets Tumble: Sensex Drops 800 Points, Nifty Falls 1%

By BPN News Desk January 13, 2025

Sensex loses 800 points, Nifty drops 1% as global market weakness impacts investor sentiment.

Jobs

Microsoft Rules Out Layoffs in India Amid Global Job Cuts

By BPN News Desk January 13, 2025

Microsoft confirms no layoffs in India, despite global workforce reductions, ensuring job security for its Indian employees.

Industry

India’s Industrial Output Growth Reaches 6-Month High of 5.2% in November

By Editor - News Desk January 13, 2025

India's industrial output increased by 5.2% year-on-year in November, marking a six-month high, driven by strong performances in manufacturing, electricity, and mining sectors.

Defence Trade

India’s Akash-1S Air Defence System Nears Second Export Deal in 2025

By BPN News Desk January 13, 2025

Following its initial export to Armenia, India's Akash-1S air defence system is set to secure a second international buyer in 2025.

Industry Trade

India’s iPhone Exports Surpass ₹1 Lakh Crore in 2024

By Editor - News Desk January 13, 2025

Apple's iPhone exports from India cross ₹1 lakh crore, with production and value addition rising significantly in 2024.

Trade

India’s Coal Imports Rise 2% to 182 Million Tonnes in April-November

By Editor - News Desk January 13, 2025

India's coal imports increased by 2% to 182.02 million tonnes during April-November 2024, with a notable decline in November imports due to sufficient domestic supply.