Business Industry

Tata Sons to Launch ₹500 Crore Trust for Air India Crash Victims’ Families

By BPN News Desk June 28, 2025

Tata Sons has announced a dedicated ₹500 crore trust to support families affected by the Air India Flight AI‑171 crash near Ahmedabad on June 12. The proposal, presented by Chairman N Chandrasekaran, demonstrates the Group’s commitment to enduring care for those impacted by the tragedy. The AI‑171 Trust will provide a range of assistance, including compensation, medical

Business Trade

India Exports First Batch of Rose-Scented Litchis to Qatar and UAE

By BPN News Desk June 28, 2025

India has officially launched the export of its premium rose-scented litchis from Pathankot, Punjab, with one metric tonne dispatched to Qatar and another half metric tonne headed for the United Arab Emirates. According to the Commerce Ministry, these twin consignments represent a significant milestone in the country’s agri-export strategy and underscore the vast potential

Industry

India’s Coal Imports from Russia Hit Two‑Year High in May

By BPN News Desk June 28, 2025

India’s thermal coal imports from Russia surged to 1.3 million tonnes in May, marking a 52% month-on-month increase—the highest monthly volume in two years. This surge reflects a strategic shift in sourcing, driven by cost advantages, rising quality, and diversification of energy imports. Coal Import Surge In May, India imported a record 1.3 million tonnes of Russian […]

Business Trade

India Bars Certain Jute Textile Imports via Land Border

By BPN News Desk June 28, 2025

India has imposed new restrictions on the import of select jute textile items from Bangladesh via land borders, while continuing to permit their entry through the Nhava Sheva seaport in Maharashtra. The policy, effective immediately, is designed to protect India’s domestic jute industry from being undercut by cheaper imports and to strengthen quality control and […]

Business Industry

Reliance, Nayara Dominate India’s Russian Oil Imports

By BPN News Desk June 26, 2025

India has become the largest global buyer of Russia’s Urals crude oil in 2025, with private refiners Reliance Industries and Nayara Energy accounting for nearly 45% of total seaborne exports of the grade. This surge not only reinforces India’s pivotal role in the global oil trade but also highlights the growing influence of private refineries […]

Business Industry

Foxconn Commits $2.2 Billion to India and U.S. Expansion

By BPN News Desk June 25, 2025

Foxconn, the Taiwanese electronics giant and Apple’s primary iPhone assembler, has received regulatory approval for a massive $2.2 billion global investment plan, further deepening its footprint in India and the United States. The move is a part of Foxconn’s ongoing effort to diversify manufacturing outside China amid rising geopolitical and economic pressures. Major Boost

Business Industry

LandT Tech Secures $50 Million Sustainability Deal with Energy Giant

By BPN News Desk June 25, 2025

L&T Technology Services (LTTS) has landed a major global contract worth over $50 million to serve as the exclusive engineering and digital transformation partner for the sustainability division of a prominent international energy company. The agreement spans five years, further strengthening a strategic relationship that has been evolving over the past decade. Deep

Business Finance

NPCI Net Profit Soars 42% to ₹1,552 Crore in FY25

By BPN News Desk June 25, 2025

The National Payments Corporation of India (NPCI) has recorded a sharp 42% increase in its net profit for the financial year 2024–25, clocking ₹1,552 crore. Alongside this, its total revenue surged to ₹3,270 crore, marking a 42% year-on-year rise. The numbers underline NPCI’s central role in India’s digital payments revolution and its growing stature globally. […]

Business Trade

India–UK Free Trade Agreement Set for Signing by Late July

By BPN News Desk June 25, 2025

India and the United Kingdom are on track to formalize their Free Trade Agreement (FTA) by late July, following successful conclusion of negotiations in early May. Both governments are now in the final phase of legal review, known as “scrubbing,” and senior officials are optimistic about completing the process ahead of schedule. Tariff Reductions and […]

Business Trade

India Eyes Canadian Critical Minerals as Trade Talks Resume

By BPN News Desk June 25, 2025

India has resumed trade negotiations with Canada, focusing sharply on securing access to critical minerals essential for its clean energy transition and high-tech manufacturing ambitions. This move comes as both nations seek to revive stalled diplomatic and economic ties, with India aiming to diversify its mineral supply chains and reduce its overwhelming dependence on