Business

Vedanta to Establish ₹1 Trillion Aluminium Complex in Odisha’s Rayagada District

By BPN News Desk January 30, 2025

Mining conglomerate Vedanta has announced plans to invest ₹1 trillion in setting up an aluminium refinery and smelter in Odisha’s Rayagada district. The project will feature a 6 million tonnes per annum (MTPA) alumina refinery and a 3 MTPA aluminium smelter. The first phase is expected to be commissioned within the next three years, with […]

Business Industry

Adani Group Pledges ₹2.3 Trillion Investment in Odisha

By BPN News Desk January 29, 2025

The Adani Group has unveiled an ambitious ₹2.3 trillion investment plan in Odisha, spanning the next five years. The commitment aims to accelerate industrial growth, strengthen port infrastructure, boost renewable energy projects, and enhance the region’s logistics and manufacturing sectors. “Odisha is a key state for Adani Group’s growth strategy” The

Business Industry

Cabinet Approves New Ethanol Procurement Prices for EBP

By BPN News Desk January 29, 2025

In a significant move to strengthen India’s ethanol blending program (EBP), the Cabinet has approved revised procurement prices for ethanol. The decision is aimed at boosting ethanol production, reducing dependence on fossil fuels, and supporting fuel retailers in meeting blending targets. “New Pricing Structure for Ethanol Procurement” The revised

Industry

India’s Semiconductor Market Projected to Reach $103 Billion by 2030

By Editor - News Desk January 29, 2025

India’s semiconductor market is poised for significant growth, with projections indicating an increase from $52 billion in 2024 to $103.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13%. This expansion is driven by key sectors such as mobile handsets, information technology, telecommunications, consumer electronics, automotive, aerospace, and

Finance

UPI’s Remarkable Growth in India’s Digital Payments

By Editor - News Desk January 28, 2025

Since its inception in 2016, the Unified Payments Interface (UPI) has revolutionized India’s digital payment ecosystem, experiencing exponential growth over the past five years. In 2019, UPI accounted for 34% of the country’s digital transactions; by 2024, this figure had surged to an impressive 83%. In 2024 alone, India recorded 208.5 billion digital payment

Business Industry

L&T Secures ₹2,500 Crore Deal for AI-Enabled Data Centre

By BPN News Desk January 28, 2025

Larsen & Toubro (L&T), a global leader in construction and technology services, has secured an order worth up to ₹2,500 crore to develop Uzbekistan’s first AI-enabled data centre. The project marks a significant milestone in the company’s expansion into international markets and demonstrates its growing expertise in advanced technology infrastructure.

Finance

Former IMF Executive Director Advocates for Personal Tax Reductions in India

By Editor - News Desk January 28, 2025

Former Executive Director of the International Monetary Fund (IMF), Subhash Chandra Garg, has called for a reduction in personal income tax rates in India, emphasizing that the current tax burden on individuals is excessively high. He suggests that the government should prioritize tax relief for individuals over corporations, noting that while corporate tax rates have […]

Industry

Prime Minister Modi Emphasizes Domestic Value Addition in Manufacturing

By BPN News Desk January 28, 2025

Prime Minister Narendra Modi has expressed a firm stance against the longstanding practice of exporting raw materials from India only to import them back as finished products. He advocates for enhancing value addition within the country to bolster economic growth and self-reliance. Addressing a gathering of industry leaders and policymakers, Modi highlighted the economic

Trade

India’s Solar Module Exports to the U.S. Face Uncertainty Amid Policy Shifts

By BPN News Desk January 28, 2025

India's significant solar module exports to the U.S. in 2024 face potential challenges due to recent U.S. policy changes under President Trump's administration, prompting Indian manufacturers to explore alternative markets.

Finance

RBI Announces Measures to Inject ₹1.5 Lakh Crore into Banking System

By BPN News Desk January 28, 2025

The Reserve Bank of India unveils initiatives to infuse ₹1.5 lakh crore into the banking system, aiming to address liquidity deficits and stabilize interest rates.