Business Industry

Lam Research Commits ₹10,000 Crore to Semiconductor Manufacturing in Karnataka

By BPN News Desk February 12, 2025

In a significant boost to India’s semiconductor industry, U.S.-based Lam Research has announced an investment exceeding ₹10,000 crore (approximately $1.2 billion) to establish semiconductor equipment manufacturing facilities in Karnataka. This strategic move aligns with India’s vision to become a global hub for semiconductor manufacturing. Investment Details

Business Industry

L&T Chief Highlights Labor Reluctance to Relocate

By BPN News Desk February 12, 2025

At a recent industry summit in Chennai, SN Subrahmanyan, Chairman and Managing Director of Larsen & Toubro (L&T), expressed concerns over the growing reluctance among construction laborers to relocate for work. He attributed this trend to the availability of welfare schemes and a preference for comfort, which pose significant challenges to India’s

Business Industry

Apple Shifts MacBook Production to India Over Vietnam

By BPN News Desk February 11, 2025

Apple has revised its MacBook production strategy, scaling back planned expansion in Vietnam while increasing manufacturing efforts in India. This move marks a significant shift in its global supply chain strategy as the company seeks to optimize production across multiple regions. Apple Reduces Expansion in Vietnam Initially, Apple had planned to expand MacBook production

Business Industry

Bajaj Group to Invest ₹10,000 Crore in Hospital Chain

By BPN News Desk February 11, 2025

The Bajaj Group has announced a major investment of ₹10,000 crore to establish a nationwide chain of hospitals, marking its entry into the Indian healthcare sector. This move aims to enhance healthcare accessibility and contribute to the growing demand for quality medical services in the country. Strategic Vision for Healthcare Expansion The planned investment will […]

Business Finance

Rupee Rises Above 87 Against USD After RBI Intervention

By BPN News Desk February 11, 2025

The Indian rupee reclaimed the 87-mark against the U.S. dollar in early trade, supported by aggressive intervention from the Reserve Bank of India (RBI). The central bank’s actions helped reverse recent losses, bringing temporary relief to the currency amid global economic pressures. RBI’s Intervention and Market Response The rupee had recently faced downward

Business Industry

Meta Initiates Layoffs Targeting 5% of Workforce

By BPN News Desk February 10, 2025

Meta Platforms, the parent company of Facebook, has commenced a series of layoffs impacting approximately 5% of its global workforce. This move aligns with CEO Mark Zuckerberg’s strategy to “raise the bar on performance management” by expediting the departure of employees not meeting performance expectations. Implementation of Layoffs The layoffs began on

Business Finance

RBI Introduces Exclusive Domains to Enhance Digital Payment Security

By BPN News Desk February 9, 2025

In a strategic move to bolster digital payment security and mitigate rising cyber threats, the Reserve Bank of India (RBI) has announced the introduction of exclusive internet domains for financial institutions. This initiative aims to enhance trust in digital banking and payment services. Addressing Rising Digital Payment Frauds The RBI has expressed significant concern

Business Industry

Ratan Tata’s Half-Siblings to Oversee His Stake in Tata Group

By BPN News Desk February 9, 2025

The late industrialist Ratan Tata’s half-siblings—Shireen Jejeebhoy, Deanne Jejeebhoy, and Noel Tata—are set to assume control over his stakes in Tata Group companies. This development follows the restructuring of the Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET), which have been designated as custodians of his financial

Business Finance

RBI Governor Highlights Need to Enhance Credit Accessibility

By BPN News Desk February 9, 2025

In a recent address, Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized the central bank’s ongoing commitment to facilitating credit accessibility within the financial system. He acknowledged that while efforts have been made, there remains “room for improvement” in ensuring the ease of credit for businesses and individuals. RBI’s Focus

Business Industry

Gautam Adani Pledges ₹10,000 Crore for Social Causes at Son’s Wedding

By BPN News Desk February 8, 2025

In a notable act of philanthropy, Gautam Adani, chairman of the Adani Group, has announced a donation of ₹10,000 crore to various social causes, coinciding with the wedding of his younger son, Jeet Adani. This substantial contribution is earmarked for significant infrastructure projects in healthcare, education, and skill development, aiming to provide accessible and