Cognizant Q2 Profit Up 14%, Lifts Annual Guidance

By BPN News Desk July 31, 2025

Business

Cognizant reported a 14% rise in net profit for the second quarter of 2025, reaching $645 million, or $1.31 per share, surpassing market expectations. Revenue stood at $5.25 billion, showing an 8.1% increase year-on-year, driven by steady demand across key sectors and geographies. Full-Year

Business Trade

India’s Rice Exports Expected to Withstand US Tariff

By BPN News Desk July 31, 2025

The Indian Rice Exporters Federation (IREF) has stated that the recently announced 25% U.S. tariff on Indian rice imports, effective August 1, is unlikely to cause major disruption. The industry considers it a short-term hurdle and expects exports to remain largely stable due to India’s pricing advantage and established global position. U.S. Not a Major […]

Business Markets

Markets Slump as Trump Slaps 25% Tariff on India

By BPN News Desk July 30, 2025

Indian stock markets declined after U.S. President Donald Trump announced a 25% tariff on imports from India starting August 1. The new trade measure, coupled with a penalty for India’s continued energy and defense ties with Russia, has triggered investor caution across sectors. Sensex and Nifty See Mixed Movement On July 29, the Sensex dropped […]

Business Trade

Trump Slaps 25% Tariff and Penalty Tax on India

By BPN News Desk July 30, 2025

President Donald Trump announced on July 30 that the United States will implement a 25% tariff on all goods imported from India starting August 1. Alongside the tariff, a penalty tax will also be imposed due to India’s continued defense and energy trade with Russia. India’s Russia Ties Cited as Key Factor Trump stated that […]

Business

Microsoft Says Layoffs Not Linked to H‑1B Visas

By BPN News Desk July 30, 2025

Microsoft has stated that its recent job cuts, which affected around 9,000 employees globally, are not related to the company’s use of the H‑1B visa program. The clarification comes in response to political criticism suggesting that the company laid off American workers while continuing to bring in foreign talent. Political Criticism from U.S. Leadership U.S. […]

Business Trade

India–US Trade Talks Miss August 1 Tariff Deadline

By BPN News Desk July 29, 2025

India and the United States have not finalized a bilateral trade deal ahead of the August 1 deadline set under the Trump administration’s new tariff policy. As a result, Indian exporters now face the risk of higher U.S. tariffs ranging from 20% to 25% on key products such as pharmaceuticals, textiles, gems, leather, and seafood. […]

Business Industry

India–UK Pact Opens UK Market to Indian Seafood

By BPN News Desk July 28, 2025

India and the United Kingdom have signed the Comprehensive Economic and Trade Agreement (CETA), a landmark free trade deal that will allow 99% of Indian exports to enter the UK market without customs duties. This includes a significant win for Indian seafood exporters, as a range of marine products will now be tariff-free. Key Products […]

Business

TCS Plans 2% Workforce Cut Amid Restructuring

By BPN News Desk July 27, 2025

India’s largest IT services company, Tata Consultancy Services (TCS), has announced plans to reduce its global workforce by approximately 2%, which amounts to over 12,000 jobs. The decision is part of a broader strategic shift aimed at aligning operations with emerging technologies and changing market dynamics. The company, which currently employs over 613,000 people

Business Trade

British Media Hails India-UK FTA as Post-Brexit Win

By BPN News Desk July 25, 2025

British media outlets have praised the newly signed Free Trade Agreement (FTA) between the United Kingdom and India as a major success in the UK’s post-Brexit trade strategy. The agreement, finalized on July 24, is being described in the UK press as a “bumper deal” and “the most significant since Brexit,” giving Britain much-needed momentum […]

Business

Nayara Energy CEO Resigns Amid EU Sanctions

By BPN News Desk July 25, 2025

Alessandro des Dorides, the Chief Executive Officer of Nayara Energy, has resigned following the European Union’s sanctions that directly impact the company’s operations. Nayara Energy, a major Indian private refiner partly owned by Russia’s Rosneft, operates the Vadinar refinery in Gujarat, which processes 400,000 barrels of crude oil per day. The EU imposed restrictions