Business Finance

GST Council to Consider Full Insurance GST Exemption Ahead of Monsoon Session

By BPN News Desk June 9, 2025

The Goods and Services Tax (GST) Council is likely to consider a proposal to fully exempt term life insurance and health insurance for senior citizens from GST in its upcoming meeting. The council is expected to take this up before the start of the monsoon session of Parliament, as part of a larger move to […]

Business Finance

SBI Transfers ₹8,076.84 Cr Dividend to Govt in FY25

By BPN News Desk June 9, 2025

The Government of India has received a dividend of ₹8,076.84 crore from the State Bank of India (SBI) for the financial year 2024–25. This payment marks a significant increase from the ₹6,959 crore received in FY24, reflecting SBI’s sustained financial performance and continued role as a vital revenue contributor for the central exchequer. The cheque […]

Business Industry

Reliance Bets ₹5,000 Cr on Defence Aircraft Upgrades

By BPN News Desk June 9, 2025

Reliance Infrastructure has announced a major foray into India’s defence aviation sector by committing ₹5,000 crore over the next 7 to 10 years to military aircraft upgrades. This marks a significant moment in Indian defence history as it is the first time a private Indian firm is independently carrying out complete aircraft upgrades without direct […]

Business Industry

Centre Clears Plan to Double Iron Ore Output at Lloyds Mine in Gadchiroli

By BPN News Desk June 8, 2025

 In a major development for India’s mining and steel sectors, the Centre has approved the expansion of Lloyds Metals and Energy Ltd’s (LMEL) Surjagarh iron ore mine in Maharashtra’s Gadchiroli district. The decision allows the company to more than double its extraction capacity from 10 million tonnes per annum (MTPA) to 26 MTPA, making it […]

Business Trade

India Enforces Anti-Dumping Duties on Key Chemical Imports

By BPN News Desk June 7, 2025

India has imposed anti-dumping duties on two critical chemicals—Vitamin-A Palmitate and Insoluble Sulphur—imported from China, Japan, Switzerland, and the European Union. The move is intended to protect Indian manufacturers from the adverse effects of cheap imports that have been causing market distortions and financial damage to domestic industries. The decision,

Business

L&T to Raise ₹500 Crore via India’s First Listed ESG Bond

By BPN News Desk June 6, 2025

Larsen & Toubro (L&T) is set to make history in India’s financial markets by launching the country’s first listed Environmental, Social, and Governance (ESG) bond. The infrastructure and engineering giant plans to raise ₹500 crore through this landmark issuance, marking a major milestone for sustainable finance in India. This pioneering bond will be issued under

Business Industry

Apple Expands Tata Partnership for iPhone Repairs in India

By BPN News Desk June 6, 2025

Apple has broadened its strategic relationship with Tata Group by entrusting the Indian conglomerate with the after-sales repair operations of iPhones and MacBooks across India. This marks a significant shift in Apple’s India operations, as it further integrates Tata into its growing ecosystem in the country. Previously managed by Wistron’s Indian unit, the repair

Business Industry

Honeywell Unveils First ‘Made in India’ CCTV Series

By BPN News Desk June 6, 2025

Honeywell, a global leader in building technologies and automation, has officially launched the 50 Series CCTV Camera portfolio, its first-ever camera line designed and manufactured entirely in India. This strategic initiative aligns closely with the Indian government’s Atmanirbhar Bharat (Self-Reliant India) mission, positioning Honeywell as a committed contributor to

Industry

India Halves Import Duty on Crude Edible Oils to Curb Inflation

By BPN News Desk June 5, 2025

In a major policy move aimed at controlling food inflation and supporting the domestic edible oil industry, the Indian government has slashed the basic customs duty on crude palm oil, soybean oil, and sunflower oil from 20% to 10%. With additional cesses and surcharges included, the effective duty now stands reduced from 27.5% to 16.5%. […]

Business Finance

GST Council Plans to Scrap 12% Slab, Shift Items to 5% or 18%

By BPN News Desk June 5, 2025

The Goods and Services Tax (GST) Council is actively considering eliminating the 12% tax slab from India’s four-tier GST rate structure. The current system includes 5%, 12%, 18%, and 28% slabs. If implemented, the proposal would move all goods and services currently taxed at 12% into either the 5% or 18% brackets. This rationalisation is […]