RBI OKs Voluntary Gold/Silver for Small Loans

By BPN News Desk July 11, 2025

Business Finance

The Reserve Bank of India has clarified that banks and NBFCs can accept voluntary pledges of gold or silver as collateral for small loans—without violating existing rules. This applies when such loans fall within the “collateral-free” limits set by RBI. The central bank emphasised that the

Business Industry

Adani Announces Two 1,000‑Bed AI Hospitals

By BPN News Desk July 11, 2025

The Adani Group has announced plans to enter the healthcare sector by building two advanced, 1,000‑bed hospitals in Mumbai and Ahmedabad. Chairman Gautam Adani revealed this initiative at a medical conference, aiming to combine cutting-edge technology with affordable care under the theme “Adani Healthcare Temples”. ₹60,000 crore Commitment Adani confirmed that the Adani

Business Finance

RBI: ₹2,000 Notes No Longer Circulating, But Still Valid

By BPN News Desk July 11, 2025

RBI Governor Sanjay Malhotra informed Parliament’s Finance Committee that ₹2,000 notes are no longer being issued or found in everyday transactions, but remain fully legal tender. The notes were officially withdrawn from circulation in May 2023. Why They Still Count Despite being phased out, approximately ₹6,100 crore worth of ₹2,000 notes remain with the public […]

Business Finance

Nirmala Sitharaman Urges Respectful NBFC Recoveries

By BPN News Desk July 11, 2025

Union Finance Minister Nirmala Sitharaman has called on non-banking financial companies (NBFCs) to follow respectful and fair practices while recovering loans. Speaking at a financial sector event in New Delhi, she stressed that while financial institutions have every right to recover dues, the methods must never compromise the dignity of borrowers. She cited instances

Business Industry

Reliance Urges India to Ramp Up Petchem Output

By BPN News Desk July 11, 2025

A senior executive at Reliance Industries has urged India to boost its petrochemical production urgently. At a recent industry conference, Vikram Sampat, Reliance’s strategy chief, warned that China controls nearly 40–50% of global petrochemical output, while India’s figure remains around 20%. Why It Matters China’s rapid capacity expansion has created a global

Business Finance

India Tops Fastest Digital Payments List with UPI

By BPN News Desk July 11, 2025

India has emerged as the world’s fastest digital payments market, largely driven by the widespread use of the Unified Payments Interface (UPI). According to recent global financial assessments, India now records over 18 billion UPI transactions every month, making it the largest real-time retail payments system globally by volume. Cash and Card Use on the […]

Business Finance

SBI Readies ₹25,000 Cr QIP for Next Week

By BPN News Desk July 10, 2025

India’s biggest public sector bank, State Bank of India (SBI), is set to kick off a major share sale worth approximately ₹25,000 crore (~US $2.9 billion) through a Qualified Institutional Placement (QIP), potentially as early as next week. The bank’s board has already given the green light, and SBI is now engaging with institutional investors for what may […]

Business Finance

NBFCs Poised to Rival Banks: Sitharaman Sets 50% Credit Share Target

By BPN News Desk July 10, 2025

Finance Minister Nirmala Sitharaman has declared that Non-Banking Financial Companies (NBFCs) are no longer just “shadow banks” and should aim to achieve a lending share equivalent to 50% of commercial banks’ credit by 2047—a significant jump from their current 24% share. NBFC Credit Share NBFC lending has surged from ₹24 lakh crore in March 2021 […]

Business

Nvidia Becomes First Company to Reach $4 Trillion Market Value

By BPN News Desk July 10, 2025

In a historic financial milestone, Nvidia has become the world’s first publicly listed company to cross a market capitalization of $4 trillion, underlining its position as the undisputed leader in the global AI semiconductor space. The achievement reflects an extraordinary surge in investor confidence driven by explosive demand for AI computing power. Nvidia Milestone

Business

Cyprus, Danish Shipping Giants to Invest ₹10,000 Crore in India

By BPN News Desk July 9, 2025

Two major foreign shipping firms, Interorient Navigation Co Ltd (Cyprus-based) and Danship & Partners Ltd (Denmark-based), have committed a combined investment of ₹10,000 crore into India’s shipping industry. This marks the largest-ever foreign direct investment in India’s maritime sector since it was opened to overseas investors in 2005. Investment Details The firms