Industry

Global Demand for Indian Drone and Anti-Drone Systems Soars

By BPN News Desk February 25, 2025

Indian defense manufacturers are witnessing a surge in global demand for their drone and anti-drone technologies, with countries from Armenia to the United States expressing significant interest. This trend was prominently showcased at the recent Aero India 2025 air show, where unmanned platforms outnumbered traditional fighter jets, highlighting a shift towards autonomous

Business Industry

LIC Receives GST Demand Notice of ₹57.2 Crore

By BPN News Desk February 25, 2025

The Life Insurance Corporation of India (LIC) has been served a Goods and Services Tax (GST) demand notice amounting to ₹57.2 crore. The notice, issued by the Assistant Commissioner in Delhi, pertains to an alleged excess claim of input tax credit (ITC). Details of the Alleged Excess ITC Claim According to the notice, LIC is […]

Business Finance

Economists Anticipate Repo Rate Reduction

By BPN News Desk February 25, 2025

Leading economists project that the Reserve Bank of India (RBI) may reduce the repo rate to 5.75% by mid-2025. This anticipated adjustment aims to address prevailing concerns over economic growth and inflation. The current repo rate stands at 6.5%, and a reduction of 75 basis points is expected over the next 16 months. Factors Influencing […]

Business

WhatsApp Enforces Massive Account Ban in India

By BPN News Desk February 25, 2025

In a significant crackdown on misuse, WhatsApp has banned over 8.4 million accounts in India within a single month. This decisive action aims to combat the rising instances of scams, misinformation, and illegal activities on the platform. Details of the Account Ban According to Meta’s transparency report for August 2024, WhatsApp banned approximately 8.45 million

Business Trade

India Doubles Crude Oil Imports from the US

By BPN News Desk February 24, 2025

India’s crude oil imports from the United States saw a dramatic increase in February 2025, doubling to an average of 200,000 barrels per day (bpd) from 110,000 bpd in January. This rise underscores India’s efforts to diversify its energy sources amid shifting global trade patterns and geopolitical tensions. The increase in imports from the US […]

Business Industry

Adani Group’s Major Investment in Madhya Pradesh

By BPN News Desk February 24, 2025

The Adani Group has announced a massive ₹1.1 lakh crore investment in Madhya Pradesh, focusing on multiple sectors, including energy, infrastructure, mining, and cement. This substantial investment aims to boost economic growth, create employment opportunities, and improve the state’s industrial ecosystem over the next few years. The diversified conglomerate, led by

Business Trade

Sensex Falls Below 75,000 Amid Global Growth Concerns

By BPN News Desk February 24, 2025

On Monday, February 24, 2025, Indian equity markets witnessed a substantial downturn, with the BSE Sensex falling below the 75,000 mark and the Nifty 50 index experiencing a significant drop. This decline is primarily attributed to escalating concerns over global economic growth, particularly in the United States, which have unsettled investors. Sensex and Nifty Plunge

Finance

RBI to Inject $10 Billion via Forex Swap to Address Liquidity Deficit

By BPN News Desk February 24, 2025

The Reserve Bank of India (RBI) has announced a significant measure to address the persistent liquidity deficit in the nation’s banking system by initiating a $10 billion dollar-rupee buy/sell swap auction. Scheduled for February 28, 2025, this operation aims to inject approximately ₹870 billion into the financial system, providing much-needed liquidity relief to

Jobs

Meta Increases Executive Bonuses Amidst Significant Layoffs

By BPN News Desk February 23, 2025

In a move that has sparked significant controversy, Meta Platforms Inc. has announced substantial increases in executive bonuses shortly after implementing significant workforce reductions. The company laid off approximately 3,600 employees, representing about 5% of its global workforce, citing the need to eliminate low performers and enhance operational efficiency.

Business Finance

Amit Shah Announces First CRCS Regional Office in Pune

By BPN News Desk February 23, 2025

Union Minister for Cooperation Amit Shah has announced the establishment of India’s first regional office of the Central Registrar of Cooperative Societies (CRCS) in Pune. This initiative aims to strengthen the cooperative banking sector and provide enhanced facilities for banks, ensuring smoother operations without unnecessary hurdles. The announcement was made