Business Industry

Hindenburg Founder Slams Mossad Link to Adani Report as ‘Absurd’

By BPN News Desk April 26, 2025

In a sharp response to recent allegations, Hindenburg Research founder Nate Anderson dismissed suggestions that Israel’s Mossad agency was involved in compiling their report on the Adani Group. Addressing the claims directly, Anderson called them “absurd” and likened them to a “James Bond fantasy.” The controversy stems from recent narratives pushed

Business Industry

Mossad Uncovers Network Behind Adani Targeting

By BPN News Desk April 24, 2025

In a startling claim, fact-checker Vijay Patel has alleged that Israeli intelligence agency Mossad uncovered a sophisticated international network aimed at discrediting the Adani Group and undermining India’s economic interests. According to Patel, the operation began after Adani Group Chairman Gautam Adani visited Israel on January 31, 2023, to finalize the $1.2 billion

Business Industry

JSW Energy Launches ₹16,000 Cr Salboni Power Plant and Industrial Park

By BPN News Desk April 22, 2025

JSW Energy has officially commenced construction of a 1,600 MW ultra-supercritical thermal power plant in Salboni, Paschim Medinipur district, West Bengal. This ₹16,000 crore project, comprising two units of 800 MW each, represents the company’s largest greenfield initiative to date and the most significant private-sector thermal power project in the state.​ The

Business Trade

US Pressures India to Grant Amazon, Walmart Full E-Commerce Access

By BPN News Desk April 22, 2025

The United States is intensifying its efforts to secure comprehensive market access for American e-commerce giants Amazon and Walmart in India’s burgeoning $125 billion online retail sector. This initiative is a focal point in the ongoing bilateral trade negotiations between the two nations, which also encompass discussions on tariffs, food, and automotive sectors.​

Business Finance

RBI Empowers Minors Aged 10+ to Independently Operate Bank Accounts

By BPN News Desk April 22, 2025

In a major step towards promoting early financial literacy, the Reserve Bank of India (RBI) has allowed minors aged 10 years and above to independently open and operate their own savings and term deposit accounts. This progressive move aims to instill financial discipline and awareness among children at a younger age. Independent Access for Minors […]

Business Trade

India Imposes 12% Safeguard Duty on Steel Imports

By BPN News Desk April 21, 2025

In a decisive move to shield its domestic steel industry from a surge of inexpensive imports, India has imposed a 12% safeguard duty on select steel products. Effective from April 21, 2025, this provisional measure will remain in place for 200 days, aiming to curb the influx of low-cost steel primarily from China, South Korea, […]

Business Finance

Enforcement Directorate to Restitute ₹15,000 Crore to Fraud Victims in 2025-26

By BPN News Desk April 21, 2025

In a significant move aimed at bolstering financial justice, the Enforcement Directorate (ED) has announced plans to restitute ₹15,000 crore worth of assets to victims of financial fraud during the fiscal year 2025-26. This initiative underscores the agency’s commitment to returning ill-gotten gains to those adversely affected by economic crimes. ED Asset Restitution

Business Trade

India Defines Proof of Origin Rules to Ease Trade

By BPN News Desk April 21, 2025

In a significant move aimed at enhancing trade facilitation and ensuring smoother compliance processes, the Indian government has introduced a detailed framework for determining the ‘proof of origin’ of imported goods under its free trade agreements (FTAs). The step is expected to cut delays at customs and reduce disputes related to tariff concessions, thereby

Business Industry

Tata’s Assam Semiconductor Plant to Roll Out India’s First Indigenous Chip by 2025

By BPN News Desk April 20, 2025

India is on the brink of a major technological breakthrough with the announcement that its first-ever indigenous semiconductor chip will roll out by the end of 2025. This landmark development will take place at Tata Electronics’ upcoming semiconductor assembly and test facility in Jagiroad, Assam. With an estimated investment of ₹27,000 crore, the project is […]

Business Finance

CBIC Launches Crackdown on Suspicious GST Registrations, Strengthens Indirect Tax Enforcement

By BPN News Desk April 19, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has launched a nationwide crackdown on suspicious GST registrations and non-compliant taxpayers in a renewed push to curb tax evasion and improve the integrity of India’s indirect tax system. The move comes amid rising concerns over the misuse of fake invoices and fraudulent input tax credit […]