Business

Amazon Cuts 14,000 Corporate Jobs, 700 in NYC

By BPN News Desk November 14, 2025

Amazon is reducing approximately 14,000 corporate positions globally, with nearly 700 jobs cut in New York City alone, as part of a wide-ranging overhaul of its workforce. The company states the changes focus on streamlining operations and realigning roles rather than solely cost-cutting. The NYC reductions affect executive and corporate offices, not warehouse or delivery

Business Industry

Government Revokes QCO On Polyester Fibre And Yarn

By BPN News Desk November 13, 2025

The Indian government has withdrawn the Quality Control Orders (QCOs) on polyester fibre and polyester yarn, reversing a mandate that previously required compulsory certification for both domestic manufacturers and importers. The decision follows sustained industry feedback that the QCOs were creating supply delays, higher compliance costs and operational challenges for

Business

Tata Steel Net Profit Surges Over Fourfold In Q2

By BPN News Desk November 13, 2025

Tata Steel Limited reported a consolidated net profit of ₹3,183 crore for the quarter ended September 30, 2025, up more than four-times from ₹759 crore in the same quarter last year. This strong performance was driven by higher revenues from its Indian operations and improved profitability in its overseas units. Revenue And Operational Highlights Revenue […]

Business

Adani to Build India’s Largest Battery Storage System

By BPN News Desk November 12, 2025

The Adani Group has announced plans to install a massive battery energy storage system (BESS) at its renewable energy complex in Khavda, Gujarat. The project aims to host a capacity of 1,126 megawatts (MW) along with 3,530 megawatt-hours (MWh) of energy storage, making it India’s largest single-location installation of its kind. The group expects the […]

Business

Lenskart’s Peyush Bansal Pens Emotional Note Ahead Of IPO

By BPN News Desk November 10, 2025

In a heartfelt message to shareholders and team members, Lenskart Solutions Limited co-founder and CEO Peyush Bansal reflected on the company’s 15-year journey, stating that Lenskart “wasn’t built to chase valuations but to solve a problem.” He acknowledged that the upcoming IPO marks “day zero” of a new chapter, rather than the culmination of the […]

Finance

India’s forex reserves drop US$5.6 billion to US$689.73 billion as of Oct 31, 2025

By BPN News Desk November 8, 2025

India’s foreign exchange reserves fell by US $5.6 billion in the week ended October 31 2025, dropping to US $689.73 billion, the Reserve Bank of India (RBI) said on Friday. This decline occurs after a previous week in which reserves had already slipped by about US $6.9 billion. The fall was driven by a reduction […]

Industry

India’s rare earth potential high, focus shifts to processing capability

By Editor - News Desk November 8, 2025

India has been identified by World Energy Council Chairman Adnan Amin as having substantial potential to become a key player in the global supply chain for rare earth elements, provided it focuses on building up processing and refining capabilities. Amin pointed out that although these minerals are often labelled “rare earths”, they are “really not […]

Business Markets

Mutual Fund Reach Still Shallow Despite Record AUM: SEBI Chief

By BPN News Desk November 7, 2025

India’s mutual fund industry has reached a record ₹75 trillion in assets under management (AUM), but overall household participation remains limited, SEBI Chairperson Tuhin Kanta Pandey said on Friday. Speaking at an industry event, he noted that while awareness levels have grown, only about 6.7 percent of Indian households currently invest in mutual funds. This […]

Business Finance

RBI Supports Lifting of Acquisition Financing Curbs

By BPN News Desk November 7, 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra has stated that the recent removal of restrictions on bank financing for corporate acquisitions will boost the real economy. The move follows regulatory changes permitting banks to provide funding for acquisitions, subject to safeguards such as limiting financing to 70% of deal value and placing debt-to-equity caps. […]

Business Finance

India Eyes Creation of Large World-Class Banks – Nirmala Sitharaman

By BPN News Desk November 7, 2025

India’s Finance Minister Nirmala Sitharaman has affirmed that the country needs significantly larger, globally competitive banks to support its economic ambitions. She stated that discussions are already underway with the Reserve Bank of India (RBI) and existing lenders to explore how this goal might be achieved. Possible Paths to Bigger Banks At the 12th SBI […]