US Court Orders Byju Raveendran to Pay Over $1 Billion

By BPN News Desk November 22, 2025

Business

A U.S. bankruptcy court in Delaware has issued a default judgment against Byju Raveendran, founder of Byju’s, mandating he pay more than US $1.07 billion after failing to comply with court-ordered discovery in a case tied to missing loan funds. The judgment stems from a 2021 term loan of

Business Trade

India’s Exports To China Rise For Seven Straight Months

By BPN News Desk November 22, 2025

India’s exports to China continued to rise for seven consecutive months in FY26, supported by increased shipments of petroleum products, telecom instruments and marine goods. Official trade data shows that exports to China touched USD 10.03 billion during April to October 2025, marking a strong 24.7 percent year-on-year increase. October Sees Sharp Jump In October […]

Business

Reliance Group Distances Itself From RCom Asset Attachments

By BPN News Desk November 21, 2025

The Reliance Group led by Anil Ambani has issued a statement distancing itself from the assets recently attached by the Enforcement Directorate. The group said the properties involved belong to Reliance Communications (RCom), a company that was separated from the group years ago and is currently under insolvency proceedings. ED Action And Asset Details The […]

Business

RIL Stops Russian Crude Imports For Export Refinery

By BPN News Desk November 21, 2025

Reliance Industries Ltd (RIL) has stopped importing Russian crude oil for its export-oriented refinery at the Jamnagar SEZ in Gujarat. The company confirmed that from November 20, 2025, no Russian-origin crude will be processed at the unit, and from December 1, all export products will be made only from non-Russian crude to comply with European […]

Business

ED Attaches ₹1,452 Crore Assets Linked to Anil Ambani

By BPN News Desk November 20, 2025

The Enforcement Directorate (ED) has attached properties valued at ₹1,452 crore linked to industrialist Anil Ambani in a loan-fraud and money-laundering probe. These properties span key locations including Navi Mumbai, Chennai, Pune and Bhubaneswar. With this action, the total value of assets attached in connection with the group now exceeds ₹9,000 crore. Background of the

Business

L&T Wins Contract for New Army All-Terrain Vehicle

By BPN News Desk November 20, 2025

Larsen & Toubro (L&T) has secured a significant contract to manufacture the Indian Army’s new specialised all-terrain armoured vehicle, the BvS10 Sindhu. The project will be executed at L&T’s Hazira facility in Gujarat, with BAE Systems providing technology support as the original developer of the platform. The deal was confirmed through a regulatory filing on

Business

Infosys Launches ₹18,000 Crore Buyback Offer

By BPN News Desk November 19, 2025

Infosys has announced its largest-ever share buyback valued at ₹18,000 crore. The company will repurchase up to 10 crore fully paid-up equity shares (each of face value ₹5) at a fixed price of ₹1,800 per share, representing about 2.41 % of its paid-up equity capital. The buyback opens on 20 November 2025 and closes on […]

Business

Adani Enterprises Reaches Creditor Approval for Jaiprakash Takeover

By BPN News Desk November 19, 2025

Adani Enterprises (AEL) has secured approval from the committee of creditors (CoC) for its ₹13,500 crore ($1.53 billion) takeover proposal of Jaiprakash Associates (JAL) through the ongoing insolvency resolution process. Creditors favoured Adani’s bid over higher offers—such as from Vedanta Ltd—because it includes larger upfront payments and a shorter payment horizon of

Business

Supreme Court Seeks Replies on RCOM Group Probe

By BPN News Desk November 19, 2025

The Supreme Court of India issued notices to the Union government, the Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) and businessman Anil Ambani in response to a public interest litigation (PIL) that seeks a court-monitored investigation into alleged banking fraud involving Reliance Communications (RCOM) and its group companies. The bench, led by

Business Markets

Sensex Poised for Bullish 2026: Morgan Stanley Outlook

By BPN News Desk November 19, 2025

Global brokerage Morgan Stanley has forecast a bullish trajectory for India’s benchmark BSE Sensex, projecting that the index could reach 107000 points by December 2026 under its bull-case scenario. The firm assigns this scenario a probability of around 30%. The projection is based on assumptions of oil prices staying below US 65 per barrel, a […]