Business Industry

ATR Eyes India for Aircraft Manufacturing Expansion

By BPN News Desk June 2, 2025

ATR, the Franco-Italian turboprop aircraft manufacturer, is exploring the possibility of establishing a manufacturing facility in India. Jean-Pierre Clercin, Head of Commercial for Asia Pacific at ATR, said, “Nothing is off the table, if it makes business and industrial sense.” The company currently manufactures its aircraft in Toulouse, France, and Naples,

Business

Google Commits $7B to U.S. Cloud and AI Expansion

By BPN News Desk June 2, 2025

Google has announced a $7 billion investment over the next two years to accelerate its U.S. cloud computing and artificial intelligence (AI) infrastructure. A large portion of this funding will go toward building a new data center in Cedar Rapids, Iowa, and expanding the existing one in Council Bluffs. This is one of Google’s largest […]

Business

L&T Ventures into Nuclear Sector with Focus on SMRs

By BPN News Desk June 2, 2025

Engineering and infrastructure giant Larsen & Toubro (L&T) has announced its strategic move into the nuclear energy sector, setting its sights firmly on the development and deployment of Small Modular Reactors (SMRs). The company plans to leverage this advanced technology to help drive India’s clean energy goals and reduce dependence on fossil fuels. With

Business Industry

Hyundai Targets 8% Export Growth, Eyes Chennai as Global Hub

By BPN News Desk June 1, 2025

Hyundai Motor India Ltd (HMIL) has announced its target to achieve 8% growth in exports in 2025. The South Korean automotive giant is aiming to build on the strong foundation it has established in India, with a renewed focus on expanding its overseas shipments from the country. This push comes as part of Hyundai’s broader […]

Business Industry

Trump Announces 50% Tariffs on Foreign Steel, Sparks Global Jitters

By BPN News Desk June 1, 2025

In a move that could reshape the global steel trade landscape, U.S. President Donald Trump has announced a significant hike in import duties on foreign steel and aluminum, raising them from 25% to 50%. The new tariffs, effective from June 4, 2025, are aimed at protecting the domestic steel industry and preventing foreign nations from […]

Business

IndiGo to End Turkish Airlines Lease Amid Diplomatic Tensions

By BPN News Desk May 31, 2025

IndiGo Airlines will officially end its leasing arrangement with Turkish Airlines by August 31, 2025, after receiving a final three-month extension from India’s aviation regulator, the Directorate General of Civil Aviation (DGCA). Originally set to expire on May 31, the lease extension has been granted to ensure minimal disruption for passengers and allow the airline […]

Business Markets

SEBI Bans Actor Arshad Warsi, 58 Others from Securities Markets

By BPN News Desk May 30, 2025

The Securities and Exchange Board of India (SEBI) has issued market bans ranging from one to five years against 59 individuals, including actor Arshad Warsi, his wife Maria Goretti, and several social media influencers. The penalties stem from a large-scale manipulation scheme involving Sadhna Broadcast Ltd (now renamed Crystal Business System Ltd). Warsi and Goretti […]

Business Industry

Apple Ships 2.9 Million iPhones from India Despite U.S. Tariff Pressure

By BPN News Desk May 30, 2025

Apple exported 2.9 million iPhones from India to the United States in April 2025 alone, marking a 76% year-on-year growth. This milestone reflects the tech giant’s accelerating shift in global supply chains, increasingly relying on India as a manufacturing base amid U.S.-China trade tensions and geopolitical uncertainty. The April export figure is Apple’s highest monthly

Business Markets

Asian Markets Tumble After US Court Revives Trump Tariffs

By BPN News Desk May 30, 2025

Asian stock markets fell sharply on Friday following a U.S. federal appeals court ruling that temporarily reinstated former President Donald Trump’s tariffs. The decision, which overturned a prior lower court judgment declaring the tariffs unlawful, reignited fears of heightened global trade tensions. The Nikkei 225 in Tokyo and the Hang Seng Index in Hong Kong […]

Business Industry

India’s First 28-90nm Chip to Launch This Year

By BPN News Desk May 30, 2025

Union Minister for Electronics and IT Ashwini Vaishnaw has announced that India’s first indigenous semiconductor chip, ranging between 28 to 90 nanometers, will be rolled out within this year. This development marks a pivotal moment in India’s ambition to become self-reliant in semiconductor technology, which is critical to the electronics and automotive industries.