Business Finance

RBI Report Finds Sharp Rise in Individual Borrowers’ Per‑Capita Debt

By BPN News Desk July 3, 2025

According to the latest Reserve Bank of India statistics, the per‑capita debt carried by individual borrowers has increased notably over the past two years. The report highlights that average outstanding personal loans per borrower have climbed substantially, reflecting broader credit trends and shifting household financial behaviour. Rising Trend in Personal Borrowing The

Business Finance

HDFC CEO Jagdishan Moves SC to Quash Lilavati Trust FIR

By BPN News Desk July 3, 2025

HDFC Bank’s Managing Director & CEO, Sashidhar Jagdishan, has escalated the legal battle surrounding the Lilavati Kirtilal Mehta Medical Trust by approaching the Supreme Court. He seeks to overturn an FIR accusing him of accepting ₹2.05 crore in exchange for influencing governance decisions of the Trust. The case has triggered a storm of legal and public […]

Business Finance

₹2,000 Notes Worth ₹6,181 Cr Still in Circulation

By BPN News Desk July 3, 2025

Despite the Reserve Bank of India withdrawing ₹2,000 banknotes from general circulation on May 19, 2023, a significant amount still remains with the public. As of May 31, 2025, around ₹6,181 crore worth of these notes—roughly 1.76% of the original ₹3.56 lakh crore issued—are yet to be returned. ₹2,000 Notes Still Accepted as Legal Tender Although no longer actively printed

Business Trade

US Clean‑Energy Bill Threatens Indian Solar Exports and “Make in USA” Plans

By BPN News Desk July 3, 2025

A newly passed U.S. Senate megabill aimed at rolling back clean‑energy incentives has sent shockwaves through Indian solar manufacturers, threatening exports and “Make in USA” plans anchored in American subsidy programs. Incentives Cut and Excise Taxes Introduced The legislation significantly trims several key provisions of the 2022 Inflation Reduction Act (IRA). Wind and

Business Trade

Indonesia Urges India to Maintain Stable Palm‑Oil Import Policy

By BPN News Desk July 3, 2025

Indonesia, the world’s largest producer of crude palm oil (CPO), has called on India to adopt a predictable and transparent import framework to ensure reliable trade flows and minimize market disruption. Surge in Indian Palm‑Oil Imports In June, India’s palm‑oil purchases reached their highest level in 11 months, totaling around 953,000 MT. The surge was driven

Business Industry

Rosneft Holds Preliminary Talks with Reliance on Nayara Stake Sale

By BPN News Desk July 3, 2025

Russian oil giant Rosneft has initiated early conversations with Reliance Industries to explore the sale of its 49.13% stake in Nayara Energy, the operator of Vadinar refinery and over 6,700 fuel stations in India. The move aligns with Rosneft’s ongoing efforts to address Western sanctions that restrict its ability to repatriate earnings from overseas assets. […]

Business Industry

Chinese Brands Expand Smartphone Manufacturing in India

By BPN News Desk July 3, 2025

Chinese smartphone brands are significantly expanding their production footprint in India, capitalising on the nation’s growing manufacturing infrastructure and export capabilities. Chinese Brands Manufacturing Major global names such as Redmi, Vivo, Oppo, Realme, Hisense, Motorola, and Tecno are increasingly partnering with Indian contract manufacturers like Dixon

Business Industry

Foxconn Recalls Chinese Engineers from India Amid Geopolitical Strain

By BPN News Desk July 3, 2025

Foxconn has begun withdrawing over 300 Chinese engineers and technicians from its iPhone assembly facilities in India, a significant move that could impact the country’s growing role in Apple’s global supply chain. The quiet pullout, which started about two months ago, has left only a small Taiwanese support team in place, raising concerns about production […]

Business Finance

India Leverages EIB Ties and Global Diplomacy at Spain Summit

By BPN News Desk July 3, 2025

Finance Minister Nirmala Sitharaman led India’s delegation at the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain, emphasizing the nation’s growing role in global finance and digital transformation. Digitalisation Strength During her meeting with Nadia Calviño, President of the European Investment Bank (EIB), Sitharaman proposed

Business Industry

Uber, Ola Can Now Charge Double During Peak Hours Under New Rules

By BPN News Desk July 2, 2025

The Union government has released updated Motor Vehicle Aggregator Guidelines 2025, introducing major reforms for ride‑hailing platforms like Ola, Uber, Rapido, inDrive, and bike taxis. Implementation starts from July 1, with states required to align regulations within 90 days. Surge Pricing Platforms can now impose fares up to twice the base fare during peak hours, up