Business Finance

ICICI Bank Profit Falls Short, CEO Reappointed

By BPN News Desk
India’s second-largest private lender ICICI Bank reported a lower-than-expected net profit for the quarter ending December 31, 2025, as higher provisions for potential loan losses weighed on earnings. The bank’s profit fell compared with the same period last year and did not meet market forecasts. Profit and Financials ICICI Bank’s standalone net profit was reported […]
Business Finance

Yes Bank Reports Sharp Rise in Q3 Profit

By BPN News Desk
Yes Bank posted a strong jump in net profit for the third quarter ended December 31, driven mainly by a sharp reduction in provisions for bad loans. The private lender reported a significant year-on-year increase in profit, reflecting improving financial stability after years of stress. Lower Provisions Boost Earnings The profit growth was largely supported […]
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Business

Musk Seeks Massive Damages From OpenAI, Microsoft

By BPN News Desk
Elon Musk has filed a lawsuit seeking damages of up to $134 billion from OpenAI and Microsoft, alleging that the artificial intelligence firm abandoned its original non-profit mission for commercial gain. The case has been filed in a US court and targets what Musk describes as wrongful profits earned using his early contributions. Core Allegations […]
Business

Hiring Slows as India IT Firms Trim Headcount

By BPN News Desk
India’s leading IT services companies have reported a significant slowdown in hiring during the first nine months of the 2025-26 financial year. Net headcount across major firms in the sector declined sharply compared with the same period last year as companies exercised hiring restraint and restructured workforces amid changing demand patterns and technological shifts.
Business

Infosys Shares Jump After Q3 Results, Guidance Upgrade

By BPN News Desk
Shares of Infosys rose sharply on Friday, climbing around 5% in early trade after the company reported its third-quarter (Q3 FY26) results and raised its revenue growth outlook for the financial year. Investors reacted positively to the combination of financial performance and improved guidance. Q3 Performance Infosys reported year-on-year revenue growth of around 9% in
Trade

India Says Trade Deal With EU Is Close

By BPN News Desk
India is close to concluding a long-pending trade agreement with the European Union, according to the country’s trade secretary. He said negotiations have reached an advanced stage, with most chapters settled and only a few technical issues left to be resolved. Timing Linked To High-Level Meetings Officials indicated that both sides are working toward finalising […]
Business

Infosys ADRs Gain After FY26 Outlook Raised

By BPN News Desk
American Depositary Receipts (ADRs) of Infosys rose around 2% in pre-market trading in the United States after the Indian IT major raised its revenue guidance for the 2025–26 financial year. Revised Guidance Boosts Sentiment Infosys updated its full-year outlook following its quarterly earnings announcement, signalling improved visibility in client spending and deal
X account @Swiggy
Business

Quick-Commerce Firms Drop “10-Minute” Delivery Claim

By BPN News Desk
Major Indian quick-commerce companies, including Swiggy and Zepto, have stopped using the “10-minute delivery” claim in their branding and marketing after a government directive urging changes to how ultra-fast delivery is promoted. Government and Safety Concerns The Union Labour Ministry raised concerns that fixed delivery-time promises could put excessive pressure on gig
Business

US Approves Nvidia AI Chip Sales to China

By BPN News Desk
The United States has approved the sale of Nvidia’s advanced artificial intelligence chips to China under specific regulatory conditions, marking a calibrated easing of earlier export restrictions. Conditional Approval Framework The approval allows Nvidia to export select high-end AI chips after meeting compliance requirements set by US authorities. These include

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