Business Trade

India Imposes Five-Year Anti-Dumping Duties on Chinese Imports

By BPN News Desk June 21, 2025

India has taken a decisive step to safeguard its domestic industries by imposing five-year anti-dumping duties on imports of aluminium foil, the herbicide Pretilachlor (including its intermediate PEDA), and the solvent Acetonitrile originating from China, Taiwan, and Russia. The move follows a thorough investigation by the Directorate General of Trade Remedies (DGTR),

Business

Air India Cuts 15% International Wide-Body Flights

By BPN News Desk June 19, 2025

Air India has announced a temporary 15% reduction in its international operations involving wide-body aircraft, a move that will continue at least until mid-July. The decision, which impacts long-haul services significantly, stems from a combination of operational and safety-related constraints facing the airline. Currently, Air India operates approximately 70 wide-body

Business

Altman: Meta Offering $100M Bonuses to Lure OpenAI Talent

By BPN News Desk June 18, 2025

In a revealing discussion on the growing intensity of the artificial intelligence race, OpenAI CEO Sam Altman disclosed that Meta has been offering signing bonuses of up to $100 million in an attempt to poach OpenAI employees. Speaking on the Uncapped podcast hosted by his brother, Jack Altman, the tech CEO called the offers “wild,” […]

Business Industry

Foxconn’s India Push Hits 11%: Asset Share Climbs to Third Globally

By BPN News Desk June 17, 2025

Taiwan-based electronics giant Foxconn (Hon Hai Precision Industry) has made India its fastest-growing global asset hub, with the country’s share in the firm’s non-current assets soaring nearly fourfold in just three years. From a modest 2.6% in 2022, following the introduction of India’s Production-Linked Incentive (PLI) scheme for mobile devices, India’s

Business Industry

Hyundai Starts Engine Production at Talegaon Plant

By BPN News Desk June 17, 2025

Hyundai Motor India Ltd (HMIL) has officially commenced engine production at its Talegaon manufacturing facility in Maharashtra, marking a significant milestone in the company’s ₹6,000 crore investment plan to expand its footprint in the Indian automotive market. The engine assembly line went live on June 16, 2025, months ahead of the full-scale vehicle production

Business

Tata Engages McKinsey for Major Air India Revamp

By BPN News Desk June 17, 2025

The Tata Group has initiated a major overhaul of Air India, bringing in global consultancy firm McKinsey & Company to spearhead the next phase of the airline’s transformation. The move comes in the wake of growing scrutiny following the recent Ahmedabad crash and underscores Tata’s commitment to turning around the national carrier into a globally […]

Business Trade

India’s Exports to US Up 16.9%, Imports Slide in May

By BPN News Desk June 17, 2025

India’s merchandise exports to the United States rose sharply in May, increasing by 16.9% year-on-year to $8.83 billion, while imports from the US declined by 5.8% to $3.62 billion. This dynamic helped narrow India’s overall trade deficit for the month. India–US Trade During April and May, India’s exports to America grew 21.8%, reaching $17.25 billion, […]

Business Industry

Tata Expands iPhone Manufacturing Role as India Exports Surge

By BPN News Desk June 17, 2025

India’s status as a global iPhone production hub is accelerating, with Tata Electronics rapidly gaining ground in Apple’s supply chain. Amid ongoing U.S.–China trade tensions and heavy tariffs on Chinese-made electronics, India has emerged as a strategic manufacturing alternative, and Tata is now central to that transformation. In the first five months of 2025,

Business Industry

Meta Appoints Arun Srinivas as New India Managing Director

By BPN News Desk June 16, 2025

Meta Platforms has announced the appointment of Arun Srinivas as its new Managing Director and Head for India, effective July 1, 2025. Srinivas currently oversees Meta’s advertising business in India and will report to Sandhya Devanathan, who now leads both India and Southeast Asia. Meta India leadership change Srinivas steps into the role as Meta deepens […]

Trade

Sweden Advocates Swift EU‑India Free Trade Pact

By Editor - News Desk June 15, 2025

Sweden has urged the European Union and India to expedite finalisation of their long‑pending free trade agreement, highlighting the need to tackle both tariff and non‑tariff barriers. Speaking at a business summit in Stockholm on June 11, Sweden’s Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa, described current regulations on both