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.

Markets

India’s Stock Market Faces Prolonged Downturn Amid Economic Slowdown

By BPN News Desk March 10, 2025

India's Nifty 50 index is experiencing its longest losing streak in 29 years, erasing approximately $1 trillion in investor wealth. Contributing factors include slowing economic growth, declining corporate earnings, and sustained foreign investor outflows.

Trade

U.S. Tariffs to Hit Indian Pharma Sector; Auto Industry Faces Minimal Impact

By BPN News Desk March 10, 2025

The U.S. plan to impose reciprocal tariffs could significantly affect Indian pharmaceutical exports due to increased costs, while India’s automotive sector is expected to remain largely unaffected.

Finance

RBI Imposes ₹76.6 Lakh Penalty on Four NBFCs for P2P Lending Compliance Violations

By BPN News Desk March 10, 2025

The Reserve Bank of India has fined four non-banking financial companies a total of ₹76.6 lakh for non-compliance with guidelines related to peer-to-peer lending platforms, emphasizing the importance of regulatory adherence in the financial sector.

Trade

India Imposes Anti-Dumping Duty on Water Treatment Chemical Imports from China and Japan

By Editor - News Desk March 10, 2025

To protect domestic manufacturers, India has levied an anti-dumping duty of up to $986 per tonne on imports of trichloroisocyanuric acid (TCCA) from China and Japan for five years. This measure aims to counteract unfair pricing and support the local chemical industry.

Business Industry

JSW Group Secures ₹1,487 Crore for Electric Vehicle Manufacturing Plant in Maharashtra

By BPN News Desk March 10, 2025

JSW Greentech Ltd, a subsidiary of the JSW Group, has announced plans to raise approximately ₹1,487 crore through a long-term loan to establish a greenfield facility in Aurangabad, Maharashtra. This initiative aims to bolster the production of electric buses (e-buses) and electric trucks (e-trucks), aligning with India’s push towards sustainable transportation

Jobs

Tech Giants Meta, HP, and Salesforce Implement Significant Layoffs Amid Industry Shift

By BPN News Desk March 9, 2025

In February 2025, Meta, HP, and Salesforce announced substantial layoffs as part of strategic efforts to streamline operations and adapt to technological advancements, reflecting broader trends in the tech industry.