Business Finance

Rupee Strengthens to ₹90.40 After Trade Deal

By BPN News Desk
The Indian rupee strengthened to ₹90.40 against the US dollar, gaining about 1.2% following news that the United States reduced tariffs on Indian goods as part of a trade agreement. The appreciation reflected improved investor sentiment and expectations of stronger foreign investment flows. Market Reaction and Trade Impact The currency had been under pressure in […]
Business Finance

Rupee Slips to Record Low Amid Market Pressure

By BPN News Desk
The Indian rupee fell to a fresh record low against the US dollar, weakening past previous lows amid strong dollar demand and ongoing selling pressure from foreign investors. The depreciation reflects continued stress in the foreign exchange markets and cautious investor sentiment. Foreign Outflows and Market Impact Sustained foreign portfolio outflows from Indian equities
Business Finance

ICICI Bank Extends CEO’s Tenure by Two Years

By BPN News Desk
ICICI Bank has approved a two-year extension for Managing Director and Chief Executive Officer Sandeep Bakhshi, deferring succession-related discussions at the country’s second-largest private sector lender. The decision extends his tenure beyond the previously scheduled end, subject to regulatory and shareholder approvals. Board Cites Continuity The bank’s board said the
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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