Business

Nayara Energy CEO Resigns Amid EU Sanctions

By BPN News Desk
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
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Business Trade

India Confident of Special Treatment in US Trade Talks

By BPN News Desk
India’s ongoing trade negotiations with the United States have entered an advanced stage, with Commerce Minister Piyush Goyal expressing optimism about the outcome. Speaking to reporters this week, Goyal said five rounds of talks have already taken place and that discussions are progressing at a “fantastic” pace. India Pushes for Preferential Access Goyal stated that […]
Business

Nvidia and AMD Chiefs Back Trump’s AI Push

By BPN News Desk
The CEOs of Nvidia and AMD have voiced strong support for President Donald Trump’s new AI action plan, which aims to boost American leadership in artificial intelligence through relaxed regulations, expanded energy access, and a clampdown on what Trump calls “woke” AI systems. Chipmakers Welcome Deregulation, Export Relaxation At a recent industry roundtable in
Image Credit: Sourav Mishra
Business

ED Raids 35+ Sites Linked to Anil Ambani

By BPN News Desk
The Enforcement Directorate (ED) carried out raids on over 35 premises across Mumbai and Delhi connected to Anil Ambani and his group companies. The operation is part of a money laundering investigation involving alleged diversion of Rs 3,000 crore in loans from Yes Bank between 2017 and 2019. Search Based on Multi‑Agency Inputs ED actions […]
Business Industry

India’s Mobile Phone Exports Jump 127‑Fold

By BPN News Desk
India’s mobile phone exports surged from ₹1,500 crore in 2014–15 to ₹2 lakh crore in 2024–25, marking a remarkable 127‑fold rise, Parliament was informed on July 24, 2025. This leap reflects how India has transformed from a net importer to a major exporter of phones over the past decade. PLI Scheme Boosts Manufacturing The Government credited the Production Linked […]
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Business Finance

Karnataka CM Orders Mandatory GST Registration

By BPN News Desk
Karnataka Chief Minister Siddaramaiah has directed that all eligible traders crossing the GST turnover threshold must register under the Goods and Services Tax system. The instruction follows widespread confusion after tax notices were issued based on UPI payment records. CM Responds to Traders’ Concerns Several traders had received GST registration notices after
Business Markets

Asia Markets Mixed Ahead of US Tariff Deadline

By BPN News Desk
Asian stock markets traded mixed on July 22, 2025, as investors awaited clarity on US trade tariffs and upcoming corporate earnings. Market sentiment was cautious across the region amid global economic uncertainty and political developments. Japan Slips After Election Setback Japan’s Nikkei 225 edged down 0.1% after the ruling coalition failed to retain a majority […]
Image Credit: Sourav Mishra
Business

SBI Declares Anil Ambani and RCom Loan as Fraudulent

By BPN News Desk
The State Bank of India (SBI) has officially classified the loan account of Reliance Communications (RCom) and its promoter Anil Ambani as fraudulent. The decision, made on June 13, 2025, was in accordance with the Reserve Bank of India’s master directions on fraud risk and SBI’s internal policies. This classification was formally disclosed to the […]
Business

Nayara Changes Payment Terms After EU Sanctions

By BPN News Desk
Nayara Energy has revised the payment terms for its latest naphtha export tender in response to recent sanctions imposed by the European Union. The company now requires advance payment or an irrevocable letter of credit for the cargo, which is scheduled for loading between August 14 and 18. The cargo volume is expected to be […]

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