Business Trade

Govt Urges Industry to Shift Sourcing from China to US

By BPN News Desk March 14, 2025

The Indian government has advised domestic industries to reduce their dependence on Chinese imports and explore alternative sourcing from the United States. This move comes in response to growing concerns over trade tariffs and geopolitical uncertainties that may impact India’s supply chain. India Encourages Diversification of Imports Officials have urged key industry

Business Industry

German, US Firms Show Interest in India’s OSAT Sector

By BPN News Desk March 14, 2025

The semiconductor industry in India is witnessing growing interest from global players, with companies from Germany and the United States looking to invest in Outsourced Semiconductor Assembly and Testing (OSAT) facilities. The move comes as India strengthens its semiconductor ecosystem to position itself as a global hub for chip packaging and manufacturing. Foreign Firms

Business Industry

Narayana Murthy Warns Against Freebies, Calls for Job Creation

By BPN News Desk March 13, 2025

Infosys co-founder N R Narayana Murthy has underscored the importance of job creation and innovation as the primary solutions for poverty eradication, cautioning against over-reliance on government freebies. Speaking at an event in Mumbai, he stressed that sustainable economic progress comes through entrepreneurship and employment generation, rather than welfare handouts.

Industry

India’s Industrial Production Surges by 5% in January 2025, Led by Manufacturing and Mining

By BPN News Desk March 13, 2025

India’s industrial production experienced a notable uptick in January 2025, with the Index of Industrial Production (IIP) registering a 5% year-on-year growth, surpassing the previous month’s 3.2% increase and exceeding economists’ expectations of a 3.5% rise.  This growth was primarily driven by robust performances in the manufacturing and mining

Markets

U.S. Tech Stocks Plunge as Apple, Nvidia, and Tesla Lead $750 Billion Market Value Loss

By BPN News Desk March 12, 2025

The U.S. technology sector witnessed a major sell-off on March 10, 2025, resulting in a combined market value loss of over $750 billion for the seven largest tech companies. Apple suffered the biggest hit, losing $174 billion in a single day as its shares fell by 4.9%. Nvidia followed with a 5.1% decline, wiping out […]

Trade

White House Criticizes India’s High Tariffs on American Goods

By BPN News Desk March 12, 2025

The White House has criticized India’s high tariffs on American products, highlighting a 150% duty on alcohol and a 100% tariff on agricultural goods. White House Press Secretary Karoline Leavitt emphasized that such steep tariffs hinder U.S. exports, particularly affecting industries like Kentucky bourbon. In response to escalating trade tensions, India recently

Business Finance

Rising Bad Loans Challenge India’s Microfinance Sector; Government Maintains Non-Intervention Stance

By BPN News Desk March 11, 2025

India’s microfinance sector is grappling with a surge in bad loans, raising concerns about the financial stability of institutions serving low-income populations. Despite these challenges, the government has indicated that it does not plan to intervene at this juncture. Escalating Bad Loans in Microfinance Recent data reveals a significant uptick in non-performing

Business Finance

CGST Officers Uncover ₹1.95 Lakh Crore GST Evasion in Ten Months

By BPN News Desk March 11, 2025

Between April 2024 and January 2025, officers of the Central Goods and Services Tax (CGST) department uncovered significant tax evasion amounting to ₹1.95 lakh crore across 25,397 cases. This substantial figure underscores the ongoing challenges in ensuring compliance within the Goods and Services Tax (GST) framework. Breakdown of GST Evasion Cases The detected cases of

Finance

FPIs Withdraw ₹24,753 Crore from Indian Equities in Early March Amid Global Uncertainties

By BPN News Desk March 10, 2025

Foreign portfolio investors pulled out ₹24,753 crore from Indian equities in the first week of March 2025, contributing to a total outflow of ₹1.37 lakh crore this year, amid global economic uncertainties and domestic challenges.

Finance

India’s Inflation Likely Falls Below 4% in February, First Time in Six Months

By BPN News Desk March 10, 2025

India's CPI inflation is projected to have dropped below 4% in February 2025 due to easing food prices, raising expectations for further interest rate cuts and economic growth.