Business Finance

RBI Unveils Revised Related-Party Lending Rules

By BPN News Desk
The Reserve Bank of India (RBI) has issued a draft framework amending norms for lending by banks and NBFCs to related parties. Under the new proposal, only loans beyond certain scale-based thresholds will require board or committee approval. Scale-Based Thresholds Smaller banks with assets below ₹1,000 billion would need board approval only for related-party loans […]
Business Finance

GST Collections Rise 9.1% in September

By BPN News Desk
India’s Goods and Services Tax (GST) collections for September 2025 stood at ₹1.89 lakh crore, reflecting a 9.1% year-on-year growth compared to the same month last year. This is the ninth straight month when GST revenues have remained above ₹1.8 lakh crore. Drivers of Growth The growth was supported by robust domestic demand, steady imports […]
X account @PiyushGoyal
Business Trade

India-EFTA Trade Pact Becomes Operational

By BPN News Desk
The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) came into effect on October 1, 2025, as announced by Commerce Minister Piyush Goyal. The pact involves Switzerland, Norway, Iceland, and Liechtenstein. Key Features of the Agreement Under TEPA, EFTA will remove or reduce tariffs on about 92.2% of […]
Business

LG India IPO Band Set at ₹1,080–1,140

By BPN News Desk
LG Electronics India has fixed its initial public offering (IPO) price band at ₹1,080 to ₹1,140 per share. The offer will consist entirely of an Offer for Sale (OFS) of 10.18 crore shares, with no fresh issuance of equity. Issue Size and Valuation If fully subscribed at the upper band, LG aims to raise about […]
Business

GSK Names Luke Miels As CEO Designate

By BPN News Desk
GlaxoSmithKline (GSK) has appointed Luke Miels as its next chief executive, effective January 1, 2026. He will also join the company’s board on that date. Background And Role Miels currently serves as GSK’s Chief Commercial Officer, overseeing global medicines and vaccine businesses. He joined the company in 2017 and previously held leadership roles at AstraZeneca, […]
Business Trade

India–EFTA Pact To Take Effect From October 1

By BPN News Desk
India’s long-awaited trade deal with the European Free Trade Association (EFTA) will officially begin on October 1, 2025. The pact, formally known as the Trade and Economic Partnership Agreement (TEPA), was signed in March 2024 after 16 years of negotiations. Investment Commitments And Economic Goals Under the agreement, EFTA member countries — Iceland, Liechtenstein,
Business Industry

Global Pulse Prices Drop to Record Lows

By BPN News Desk
Global prices of major pulses have fallen sharply, with declines ranging from 5% to 20% over the past month. The drop is attributed to strong competition among major exporters. Exporters Compete for Market Share Canada, Australia, Russia, and several African countries are intensifying efforts to win buyers in world markets. New crops of peas and […]

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