Business Industry

Ratan Tata’s Half-Siblings to Oversee His Stake in Tata Group

By BPN News Desk February 9, 2025

The late industrialist Ratan Tata’s half-siblings—Shireen Jejeebhoy, Deanne Jejeebhoy, and Noel Tata—are set to assume control over his stakes in Tata Group companies. This development follows the restructuring of the Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET), which have been designated as custodians of his financial

Business Finance

RBI Governor Highlights Need to Enhance Credit Accessibility

By BPN News Desk February 9, 2025

In a recent address, Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized the central bank’s ongoing commitment to facilitating credit accessibility within the financial system. He acknowledged that while efforts have been made, there remains “room for improvement” in ensuring the ease of credit for businesses and individuals. RBI’s Focus

Business Industry

Gautam Adani Pledges ₹10,000 Crore for Social Causes at Son’s Wedding

By BPN News Desk February 8, 2025

In a notable act of philanthropy, Gautam Adani, chairman of the Adani Group, has announced a donation of ₹10,000 crore to various social causes, coinciding with the wedding of his younger son, Jeet Adani. This substantial contribution is earmarked for significant infrastructure projects in healthcare, education, and skill development, aiming to provide accessible and

Business Industry

JSW Group Announces ₹1 Lakh Crore Investment for Mega Steel Plant

By BPN News Desk February 8, 2025

In a significant move to bolster India’s steel production capacity, JSW Group has unveiled plans to invest ₹1 lakh crore in the Gadchiroli district of Maharashtra. This substantial investment is directed towards establishing a state-of-the-art steel plant with an annual production capacity of 25 million tonnes. The project is anticipated to be completed over the […]

Business Finance

Cabinet Set to Approve New Income Tax Bill for Reforms

By BPN News Desk February 6, 2025

The Union Cabinet is set to approve a new Income Tax Bill on February 7, with plans to introduce it in the Lok Sabha during the ongoing Budget session. This bill seeks to replace the existing Income Tax Act of 1961 with a more streamlined and taxpayer-friendly system. Objective of the New Tax Bill The […]

Business Industry

Arbitrator to Decide on Trustees for Ratan Tata Foundation

By BPN News Desk February 5, 2025

In the absence of explicit written instructions from the late Ratan Tata regarding the appointment of trustees to the Ratan Tata Endowment Foundation (RTEF), stakeholders are considering arbitration to resolve the matter. The proposed arbitrator is expected to be a retired Chief Justice of the Supreme Court, who will determine whether the authority to appoint […]

Business Industry

Automakers Challenge Proposed Safeguard Duty on Steel Imports

By BPN News Desk February 5, 2025

Indian automobile manufacturers are expressing concerns over a proposed safeguard duty on certain steel imports, emphasizing the absence of domestically produced alternatives that meet stringent emission and safety standards. Investigation into Steel Imports On December 19, 2024, the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, initiated an

Business

Gayatri Yadav Appointed as Reliance Industries’ Group CMO

By BPN News Desk February 5, 2025

Reliance Industries has announced the appointment of Gayatri Yadav as its Group Chief Marketing Officer (CMO) and Executive Vice President (EVP) of Strategic Initiatives in the Chairman’s Office. In her new role, Yadav will collaborate closely with key members of the leadership team to enhance brand impact, drive innovation, and strengthen consumer connections.

Business Finance

GST Fraud Racket Uncovered: Fake Invoices Worth ₹658.55 Crore Detected

By BPN News Desk February 5, 2025

In a significant crackdown on tax evasion, the Central GST Itanagar Commissionerate has unearthed a fraudulent scheme involving the issuance of fake invoices valued at ₹658.55 crore without any actual supply of goods. This illicit activity has resulted in an estimated loss of approximately ₹100 crore to the government exchequer. Discovery of the GST Fraud […]

Business Finance

Rupee Falls to Record Low as US Tariffs Shake Markets

By BPN News Desk February 3, 2025

The Indian rupee has depreciated to a record low of 87.29 against the US dollar, following heightened global trade tensions. The sharp decline is attributed to new US tariffs on major trading partners, which have caused uncertainty in financial markets and increased demand for the dollar. US Tariffs and Market Reaction The United States recently […]