Finance

India on Track to Achieve $10 Trillion Economy Within a Decade: Finance Commission Chief

By BPN News Desk March 2, 2025

Arvind Panagariya, Chairman of the 16th Finance Commission, has expressed confidence in India’s trajectory toward becoming a $10 trillion economy within the next decade. Speaking at the 49th Civil Accounts Day celebrations in New Delhi, Panagariya highlighted India’s robust economic performance over the past two decades, noting an average annual growth rate of

Finance

RuPay Captures 16% of India’s Credit Card Market, Boosted by UPI Integration

By BPN News Desk March 2, 2025

RuPay, India’s indigenous payment network, has achieved a significant milestone by capturing approximately 16% of the country’s total credit card spending. Notably, nearly half of these transactions are facilitated through the Unified Payments Interface (UPI), highlighting the growing integration of RuPay credit cards with UPI’s seamless payment system.

Trade

Indian Pharmaceutical Alliance Advocates for Zero Tariffs on U.S. Pharma Imports Amidst Trade Tensions

By BPN News Desk March 2, 2025

In a strategic move to mitigate potential trade tensions and foster a more balanced pharmaceutical trade relationship, the Indian Pharmaceutical Alliance (IPA) has urged the Indian government to eliminate import tariffs on pharmaceutical products from the United States. This proposal comes in the wake of U.S. President Donald Trump’s announcement of imposing at least

Business

Gujarat Hosts Mega Semiconductor Conference and IESA Vision Summit 2025

By BPN News Desk March 2, 2025

From March 5-7, 2025, Gujarat will host the Gujarat SemiConnect Conference and IESA Vision Summit, attracting global semiconductor leaders, investors, and policymakers to Gandhinagar to discuss advancements and investments in the semiconductor industry.

Business Finance

India’s GST Collections Rise 9.1% to ₹1.84 Lakh Crore in February

By BPN News Desk March 1, 2025

India’s Gross Goods and Services Tax (GST) collections for February 2025 recorded a notable increase of 9.1% compared to the same month last year, reaching approximately ₹1.84 lakh crore. This consistent rise highlights the resilience of the economy and the efficiency of tax administration. Breakdown of GST Revenues The total GST revenue collected in February […]

Business Industry

India’s Economic Recovery and Manufacturing Sector Slowdown

By BPN News Desk March 1, 2025

India’s economy has shown signs of recovery, with GDP growth improving in the October-December quarter compared to the previous period. This rebound has been driven by increased government and consumer spending, alongside a strengthening rural economy. However, despite these positive trends, concerns persist about the sluggish growth in the manufacturing sector. Persistent

Business Industry

Maruti Suzuki’s February 2025 Sales Near 200,000 Units

By BPN News Desk March 1, 2025

Maruti Suzuki India Limited (MSIL) recorded total sales of 199,400 units in February 2025, reflecting a marginal increase of 0.98% compared to the 197,471 units sold in the same month last year. The company’s performance remained steady, driven by domestic demand, even as exports showed a slight decline. Domestic Sales Growth The company’s domestic sales, […]

Business Industry

Qatar Airways Defends Crew After Passengers Seated Next to Deceased Passenger

By BPN News Desk March 1, 2025

A Qatar Airways flight from Melbourne to Doha faced an unfortunate situation when a female passenger suffered a medical emergency and, despite the crew’s efforts, was pronounced dead mid-flight. The deceased remained in her seat next to Australian passengers Mitchell Ring and Jennifer Colin for nearly four hours until the aircraft landed. Passengers’ Experience Ring […]

Business Industry

US Court Finds Byju’s Official Guilty of Hiding $533 Million

By BPN News Desk March 1, 2025

A U.S. Bankruptcy Court has ruled that a senior official at Byju’s violated fiduciary duty by concealing $533 million from creditors. The court found that the funds were fraudulently transferred to a Miami-based hedge fund to prevent lenders from accessing them, raising serious concerns about financial misconduct within the company. Background of the Case

Business Industry

Mahindra Surpasses Hyundai as India’s Second-Largest Carmaker in February 2025

By BPN News Desk March 1, 2025

In February 2025, Mahindra & Mahindra achieved a significant milestone by surpassing Hyundai Motor India to become the country’s second-largest car manufacturer. The company reported domestic SUV sales of 50,420 units, reflecting a 19% year-on-year growth. This strong performance highlights Mahindra’s increasing dominance in the Indian automotive sector, driven by the