Rupee Edges Up to ₹88.20 Against US Dollar

By BPN News Desk September 15, 2025

Business Finance

On Monday, the Indian rupee gained 6 paise to close at ₹88.20 per US dollar in interbank trading. This was a marginal improvement driven by range-bound trading and a slightly weaker US dollar. Market Dynamics Traders noted controlled volatility in the forex market. Some attributed the rupee’s

Business Trade

India Eyes $100B Trade With Russia

By BPN News Desk September 15, 2025

The exit of Western firms from Russia has opened space for Indian exporters to expand their presence. ITE Group CEO said the situation could help bilateral trade between India and Russia reach USD 100 billion in the coming years. Opportunities for Indian Exporters With Western companies pulling out, Indian firms, especially MSMEs, are finding opportunities […]

Business Industry

Centre Warns Iron Ore Exporters of Duty or Ban

By BPN News Desk September 15, 2025

The Indian government has directed iron ore miners and exporters to increase production and cut domestic prices by half or face the possibility of an export duty or even a complete export ban starting 2 October 2025. The move comes after rising ore prices created difficulties for domestic steelmakers. Possible Export Duty The Finance Ministry […]

Business Finance

CBIC Says No ITC Reversal for Post-Sale Discounts

By BPN News Desk September 14, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that buyers will not be required to reverse Input Tax Credit (ITC) when suppliers provide post-sale financial or commercial discounts through credit notes. The clarification states that such discounts do not reduce the taxable value or the supplier’s GST liability. Clarification on Discounts According

Business

OpenAI Gets Microsoft’s Nod To Become Public Benefit Corp

By BPN News Desk September 12, 2025

OpenAI has reached a non-binding agreement with Microsoft that lets its for-profit arm convert into a public benefit corporation (PBC). The revised partnership clarifies governance and grants OpenAI more freedom to raise investment. Nonprofit Control And Structure Under the agreement, OpenAI’s nonprofit parent will retain control over the organization’s mission. The change

Business

Infosys Announces Record ₹18,000 Cr Buyback

By BPN News Desk September 12, 2025

Infosys has approved its largest ever share buyback of ₹18,000 crore, through the tender-offer route. The buyback price is set at ₹1,800 per share. Shares And Equity Impact The company plans to repurchase 10 crore fully paid-up shares, which represent 2.41% of Infosys’s paid-up equity share capital. Share Premium And Market Reaction The buyback price […]

Business Finance

FMCG Firms Say They Cannot Directly Pass GST Cuts

By BPN News Desk September 12, 2025

Consumer goods companies say that even though GST rates are being cut, they cannot directly lower prices for consumers. They argue that factors like input costs, packaging, distribution, and existing stock with old pricing make immediate price reductions difficult. Government Expectation The government, including the Finance Ministry and CBIC, has made clear that firms

Business

Oracle Shares Slip After AI-Driven Surge

By BPN News Desk September 12, 2025

Oracle shares dropped about 5% on September 11, 2025, after a massive rally the previous day that pushed its market value close to $1 trillion. The prior day’s gains were driven by big cloud deals with AI companies, especially OpenAI. Big AI Deals The surge came after reports that Oracle secured a deal with OpenAI […]

Business

SpiceJet Secures $89.5M Liquidity Boost From Carlyle Deal

By BPN News Desk September 11, 2025

SpiceJet has reached a settlement with Carlyle Aviation Partners that unlocks $89.5 million in liquidity. This includes $79.6 million in cash maintenance reserves for aircraft and engine upkeep, and $9.9 million in maintenance credits to reduce lease obligations. Lease Restructuring And Equity As part of the agreement, lease obligations totaling $121.18 million will be

Business Industry

BYD Senior Executives Set To Visit India Soon

By BPN News Desk September 10, 2025

Chinese electric vehicle maker BYD will send senior executives—including its India Managing Director, Ketsu Zhang—to India in the coming months. The delegation aims to review operations and relaunch training programs following improved diplomatic ties between India and China. Context Of Improved Relations This planned visit follows a visible thaw in India–China relations