Business Industry

India to Export EVs to 100 Countries Soon

By BPN News Desk
Prime Minister Narendra Modi announced that India will soon export electric vehicles (EVs) to 100 countries, describing it as a landmark for the automobile industry. A formal launch event for the initiative is scheduled for August 26. Growth in Auto Exports Modi noted that in 2014 India’s annual automobile exports were around ₹50,000 crore. Today, […]
Image Credit: https://www.pmindia.gov.in/
Business Industry

First Made-in-India Chip to Launch by Year-End

By BPN News Desk
Prime Minister Narendra Modi announced that India’s first fully made-in-India semiconductor chip will be launched by the end of 2025. Speaking from the Red Fort, he said this milestone will mark a turning point in India’s technological self-reliance and global competitiveness. Missed Opportunities in the Past Modi noted that India had missed earlier chances in […]
Image Credit: Sourav Mishra
Business

CBI Raids Anil Ambani–Linked Sites in Fraud Case

By BPN News Desk
The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) in connection with an alleged ₹2,000 crore bank fraud involving Reliance Communications (RCOM) and its former chairman, industrialist Anil Ambani. Following the FIR, the agency carried out raids at six premises in Mumbai linked to Ambani and the company. SBI’s Fraud Allegation […]
Business

US Converts Grants for 9.9% Intel Stake

By BPN News Desk
President Donald Trump confirmed that the U.S. government has acquired a 9.9% equity stake in Intel. The move comes after federal grants allocated under the CHIPS and Secure Enclave programs were converted into ownership shares. The government will pay about $8.9 billion for 433.3 million shares at $20.47 each. Share Value and Market Impact The […]
Business

OpenAI to Open First India Office in New Delhi

By BPN News Desk
OpenAI, the company behind ChatGPT, will open its first office in India later this year. The office will be located in New Delhi and is expected to begin operations before the end of 2025. The move highlights India’s importance as OpenAI’s second-largest market globally and a key hub for technology growth. Local Entity and Hiring […]
Image Credit: https://www.pmindia.gov.in/
Business Trade

India Resumes FTA Talks with Eurasian Bloc

By BPN News Desk
India has restarted negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), a bloc led by Russia and including Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The two sides signed the Terms of Reference (ToR) in Moscow to formally relaunch talks. The EAEU represents a market with a combined GDP of over $6.5 […]
Business

Kotak Urges Support for SMEs Amid U.S. Tariff Shock

By BPN News Desk
Billionaire banker Uday Kotak has warned that the latest U.S. tariffs on Indian exports amounting to nearly 50% have created a “major shock” for the economy. The tariffs come in response to India’s continued trade ties with Russia, particularly discounted crude oil purchases. Kotak said the development highlights India’s vulnerability and the urgent need to […]

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