India’s forex reserves drop US$5.6 billion to US$689.73 billion as of Oct 31, 2025

By BPN News Desk November 8, 2025

Finance

India’s foreign exchange reserves fell by US $5.6 billion in the week ended October 31 2025, dropping to US $689.73 billion, the Reserve Bank of India (RBI) said on Friday. This decline occurs after a previous week in which reserves had already slipped by about US $6.9 billion. The fall was

Industry

India’s rare earth potential high, focus shifts to processing capability

By Editor - News Desk November 8, 2025

India has been identified by World Energy Council Chairman Adnan Amin as having substantial potential to become a key player in the global supply chain for rare earth elements, provided it focuses on building up processing and refining capabilities. Amin pointed out that although these minerals are often labelled “rare earths”, they are “really not […]

Business Markets

Mutual Fund Reach Still Shallow Despite Record AUM: SEBI Chief

By BPN News Desk November 7, 2025

India’s mutual fund industry has reached a record ₹75 trillion in assets under management (AUM), but overall household participation remains limited, SEBI Chairperson Tuhin Kanta Pandey said on Friday. Speaking at an industry event, he noted that while awareness levels have grown, only about 6.7 percent of Indian households currently invest in mutual funds. This […]

Business Finance

RBI Supports Lifting of Acquisition Financing Curbs

By BPN News Desk November 7, 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra has stated that the recent removal of restrictions on bank financing for corporate acquisitions will boost the real economy. The move follows regulatory changes permitting banks to provide funding for acquisitions, subject to safeguards such as limiting financing to 70% of deal value and placing debt-to-equity caps. […]

Business Finance

India Eyes Creation of Large World-Class Banks – Nirmala Sitharaman

By BPN News Desk November 7, 2025

India’s Finance Minister Nirmala Sitharaman has affirmed that the country needs significantly larger, globally competitive banks to support its economic ambitions. She stated that discussions are already underway with the Reserve Bank of India (RBI) and existing lenders to explore how this goal might be achieved. Possible Paths to Bigger Banks At the 12th SBI […]

Business

Porter Lays Off 300–350 Employees Amid Restructuring

By BPN News Desk November 5, 2025

Logistics startup Porter has laid off between 300 and 350 employees as part of an internal restructuring aimed at improving efficiency and streamlining operations. The layoffs reportedly affect teams across multiple departments, including technology, operations, and support functions. The company has not publicly confirmed the exact number of affected employees. Reason

Business

Amazon Blocks Perplexity’s AI Shopping Agent

By BPN News Desk November 5, 2025

mazon.com Inc. has sent a legal notice to Perplexity AI, ordering the startup to stop its AI shopping tool, Comet, from operating on Amazon’s platform. The retail giant claims that the AI-driven bot violates its terms of service and creates a poor shopping experience by attempting automated purchases through unauthorized means. Dispute Over AI Shopping […]

Business

OpenAI Signs $38 B Cloud Deal With AWS

By BPN News Desk November 4, 2025

OpenAI has agreed to a seven-year cloud computing partnership worth US $38 billion with Amazon Web Services (AWS). The deal will give OpenAI access to hundreds of thousands of advanced NVIDIA GPUs via AWS to train and run its large-scale AI models. The entire infrastructure is expected to be fully deployed by the end of […]

Business

ED Attaches ₹3,000 Crore Assets Linked to Anil Ambani Group

By BPN News Desk November 3, 2025

The Enforcement Directorate (ED) on Monday announced the attachment of properties valued at about ₹3,000 crore belonging to the business group of Anil Ambani. The assets include his Pali Hill residence in Bandra, Mumbai, and offices and flats of companies under the group in Delhi, Noida, Goa, Pune, Hyderabad and Chennai. Investigation Scope The attachment […]

Business Finance

Bank of Baroda’s Q2 Net Profit Slides to ₹4,809 Crore

By BPN News Desk November 2, 2025

Bank of Baroda reported a net profit of ₹4,809 crore for the quarter ended September 30 2025. This marks an 8.2 per cent year-on-year decline from ₹5,238 crore in Q2 FY25. Income & Asset Quality Highlights The lender’s net interest income grew to ₹11,954 crore, up 2.7 per cent compared to the same quarter last […]