Business Trade

Gold Prices Drop ₹1,200 After Hitting Record High

By BPN News Desk February 17, 2025

Gold prices in India saw a sharp decline of ₹1,200 per 10 grams, bringing the price down to ₹88,200 after hitting an all-time high. The drop follows fluctuations in the international market, with global gold rates showing signs of correction. Global Market Trends Impacting Gold Rates The recent price dip comes amid shifting global market […]

Business Industry

German Defense Firm Partners with Indian Drone Maker

By BPN News Desk February 15, 2025

In a significant boost to the ‘Make in India’ initiative, German defense technology company Hensoldt has signed a Memorandum of Understanding (MoU) with India’s largest drone manufacturer. This partnership aims to localize the production of Hensoldt’s advanced sensor payloads within India, enhancing the country’s defense manufacturing

Business Finance

India Reduces Customs Duty on Bourbon Whiskey to 50%

By BPN News Desk February 14, 2025

In a significant policy shift, India has announced a reduction in customs duty on bourbon whiskey imports from 150% to 50%. This decision, effective from February 13, 2025, is part of India’s broader strategy to strengthen trade ties with the United States. Details of the Duty Reduction The revised tariff structure imposes a basic customs […]

Business Industry

Tata Steel to Raise ₹3,000 Crore via NCDs

By BPN News Desk February 14, 2025

Tata Steel has announced its intention to raise ₹3,000 crore by issuing non-convertible debentures (NCDs) through a private placement. The company’s board approved this fundraising initiative during a meeting on February 14. Details of the NCD Issuance The company plans to issue 300,000 NCDs, each valued at ₹100,000, to eligible investors. The tentative allotment

Business Industry

Adani Green Seeks ₹10,000 Crore Loan Refinancing

By BPN News Desk February 14, 2025

Adani Green Energy Limited (AGEL) is in advanced discussions with a consortium led by the State Bank of India (SBI) to refinance its existing dollar-denominated loans, aiming to raise up to ₹10,000 crore. This strategic move is intended to mitigate foreign exchange risk and capitalize on favorable domestic interest rates. Strategic Financial Management By opting […]

Business Industry

Apple Unveils New Product Line Set for February 19 Release

By BPN News Desk February 14, 2025

In a recent announcement, Apple CEO Tim Cook introduced the latest addition to the company’s product lineup, scheduled for release on February 19. This new product is expected to integrate seamlessly into the Apple ecosystem, offering users enhanced functionality and design. Anticipated Features and Innovations While specific details about the new product remain

Business Industry

Housing Sales Surge 20% in Top 15 Tier-II Cities

By BPN News Desk February 14, 2025

In a notable development for India’s real estate sector, housing sales in the top 15 tier-II cities have experienced a significant uptick. The total value of these sales has reached ₹1.53 lakh crore, marking a 20% increase over the previous period. Factors Driving the Surge in Housing Sales Several factors have contributed to this surge […]

Business Industry

Adani Group to Double Ammunition Production Amid Global Demand

By BPN News Desk February 14, 2025

In response to escalating global demand, the Adani Group is set to significantly enhance its ammunition production capabilities. The company currently manufactures 150 million rounds of small arms ammunition each year and aims to double this output to 300 million rounds by the end of the year. This strategic move comes as the company has […]

International Trade

India and U.S. Sign Energy Deal to Boost Oil and Gas Trade

By BPN News Desk February 14, 2025

India and the United States have signed an agreement to enhance energy cooperation, positioning the U.S. as a leading supplier of oil and gas to India, aiming to strengthen India's energy security and deepen bilateral trade ties.

Business Industry

Government Reduces GST on Movie Tickets to Support Film Industry

By BPN News Desk February 13, 2025

In a recent parliamentary session, Finance Minister Nirmala Sitharaman addressed concerns regarding the taxation of movie tickets, highlighting efforts to support the film industry through tax rationalization. GST Reduction on Movie Tickets The Finance Minister emphasized that the Goods and Services Tax (GST) on movie tickets priced above ₹100 was reduced from 28% to 18%