Trade

India’s Trade Deficit Narrows to $21.94 Billion in December

By Editor - News Desk January 15, 2025

In December 2024, India’s merchandise trade deficit decreased to $21.94 billion, a significant reduction from the record $31.86 billion observed in November. This improvement is largely attributed to a substantial decline in gold imports, which halved to $4.7 billion during the month. Export Performance Merchandise exports experienced a slight contraction of 1%

Business

Meta to Lay Off 3,600 Employees Amid Restructuring

By BPN News Desk January 15, 2025

Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced its decision to lay off 3,600 employees as part of an ongoing workforce restructuring initiative. The move aligns with CEO Mark Zuckerberg’s vision to streamline operations and improve organizational efficiency. Zuckerberg Focuses on “Raising the Bar” In a statement addressing the

Finance

Government Pushes for Geotagging of Banking Correspondents

By BPN News Desk January 15, 2025

The Ministry of Finance is exploring a proposal to implement geotagging for all banking correspondents (BCs) across the country. This initiative aims to enhance the efficiency of financial inclusion efforts, ensuring better access to banking services in underserved areas. Enhancing Financial Inclusion Geotagging involves attaching geographical information to the locations

Trade

India to Boost Textile Exports Amid Bangladesh’s Political Crisis

By BPN News Desk January 15, 2025

India is preparing to strengthen its textile sector to seize a larger share of the global market as Bangladesh, one of the world’s largest garment exporters, faces disruptions due to its ongoing political crisis. The instability in Bangladesh has impacted global supply chains, prompting international retailers to explore alternative sourcing options. The Indian

Finance

Bank of India Seeks $400 Million Dollar Loan After Decade-Long Hiatus

By Editor - News Desk January 15, 2025

Bank of India is pursuing its first dollar-denominated syndicated loan in over a decade, aiming to raise $400 million to enhance its lending capabilities.

Finance

Experts Recommend RBI Rate Cut to Sustain Growth

By BPN News Desk January 14, 2025

Economic experts are calling on the Reserve Bank of India (RBI) to implement a 0.25% rate cut in its upcoming February policy review to bolster economic growth and minimize potential sacrifices in India’s recovery momentum. Growth Risks from Delayed Rate Cuts India’s economy has shown resilience amidst global uncertainties, but experts caution that delaying a […]

Industry

Indian Cement Industry: A Leader in Sustainability and Growth

By BPN News Desk January 14, 2025

The Indian cement industry is emerging as a key player in driving sustainable and positive change in both environmental and economic spheres. With a focus on adopting green practices, technological advancements, and innovation, the industry is setting new benchmarks for growth and sustainability. Sustainability Initiatives at the Forefront As one of the largest cement

Trade

EU Increases Russian LNG Imports Amidst New US Sanctions Impacting India’s Energy Supplies

By BPN News Desk January 14, 2025

Despite new US sanctions on Russian energy, the EU's imports of Russian LNG have reached record levels, while India's oil and gas imports face potential disruptions.

Trade

Malaysia Imposes Duties on Iron, Steel Imports from China, India, Japan, S. Korea

By BPN News Desk January 14, 2025

Malaysia enforces provisional anti-dumping duties ranging from 2.52% to 36.80% on flat-rolled iron and steel products from China, India, Japan, and South Korea to protect its domestic industry.

Finance

Indian Equity Market Faces $556 Billion Rout Amid Concerns

By BPN News Desk January 14, 2025

The Indian equity market is witnessing a significant downturn, with losses mounting to $556 billion amidst growing concerns over inflation and economic growth. This steep decline in market capitalization has raised alarm bells among investors, as key indices continue to struggle under global and domestic pressures. Economic Growth and Inflation Concerns The rout in the