Business Finance

NBFCs Poised to Rival Banks: Sitharaman Sets 50% Credit Share Target

By BPN News Desk July 10, 2025

Finance Minister Nirmala Sitharaman has declared that Non-Banking Financial Companies (NBFCs) are no longer just “shadow banks” and should aim to achieve a lending share equivalent to 50% of commercial banks’ credit by 2047—a significant jump from their current 24% share. NBFC Credit Share NBFC lending has surged from ₹24 lakh crore in March 2021 […]

Business

Nvidia Becomes First Company to Reach $4 Trillion Market Value

By BPN News Desk July 10, 2025

In a historic financial milestone, Nvidia has become the world’s first publicly listed company to cross a market capitalization of $4 trillion, underlining its position as the undisputed leader in the global AI semiconductor space. The achievement reflects an extraordinary surge in investor confidence driven by explosive demand for AI computing power. Nvidia Milestone

Business

Cyprus, Danish Shipping Giants to Invest ₹10,000 Crore in India

By BPN News Desk July 9, 2025

Two major foreign shipping firms, Interorient Navigation Co Ltd (Cyprus-based) and Danship & Partners Ltd (Denmark-based), have committed a combined investment of ₹10,000 crore into India’s shipping industry. This marks the largest-ever foreign direct investment in India’s maritime sector since it was opened to overseas investors in 2005. Investment Details The firms

Business Industry

Indian Electronics Firms Pivot from China to South Korea, Taiwan

By BPN News Desk July 9, 2025

In a significant realignment of supply chain strategy, India’s leading electronics component manufacturers are moving away from traditional Chinese partnerships and actively seeking collaborations with firms from South Korea and Taiwan. The shift comes in the backdrop of the government’s continued clampdown on Chinese foreign direct investment (FDI) and its push for

Business Finance

Public Sector Banks to Hire ~50 000 Staff in FY 26 to Support Growth Plans

By BPN News Desk July 8, 2025

Public sector banks (PSBs) in India are set to recruit approximately 50 000 employees during the current financial year—a strategic move to support business expansion, technological upgrades, and enhanced customer service. PSB Hiring Banks across the PSU sector are increasing recruitment to meet growing demand: Around 21 000 officer-level roles and 29 000 clerks/junior

Business Industry

OPEC+ Output Surprise Hits ONGC, Oil India Stocks

By BPN News Desk July 8, 2025

Indian oil and gas stocks witnessed a sharp decline on Tuesday after OPEC+ announced a higher-than-expected output hike, sending global crude oil prices tumbling. Shares of Oil India and ONGC were among the hardest hit, falling by over 1%, while refining companies such as Mangalore Refinery and Chennai Petroleum dropped between 3% and 5%. Oil […]

Business Finance

Jio‑BlackRock Raises ₹17,800 Cr Through Debut Fund Offer

By BPN News Desk July 7, 2025

Jio Asset Management, in partnership with global investment giant BlackRock, has successfully raised over ₹17,800 crore through its inaugural New Fund Offer (NFO). This staggering sum marks it as one of India’s most significant mutual fund launches to date, underscoring the powerful combination of Jio’s brand and BlackRock’s experience. Jio‑BlackRock The joint venture

Business Industry

Vedanta Teams Up with Worley for $1 Billion Zambia Copper-Cobalt Push

By BPN News Desk July 7, 2025

Vedanta Resources, led by Anil Agarwal, has enlisted Australia’s Worley, a global engineering and project management firm, to spearhead a major expansion at Konkola Copper Mines (KCM) in Zambia. The partnership supports an ambitious investment plan worth approximately $1 billion aimed at boosting copper and cobalt output. Vedanta Zambia Following its recovery of KCM assets

Business Markets

Asian Markets Dip as U.S. Tariff Deadline Nears

By BPN News Desk July 7, 2025

Asian equity markets mostly traded lower on Monday, July 7, as investors adopted a cautious stance ahead of the looming July 9 deadline for renewed U.S. tariffs. Concerns over rising global trade tensions, coupled with falling oil prices and mixed signals from Washington, weighed on investor sentiment across the region. Nikkei 225 (Japan): Japan’s benchmark […]

Business Finance

RBI Tightens Cybersecurity: All Banks Required to Integrate DoT’s FRI Tool

By BPN News Desk July 7, 2025

In a significant move to curb digital financial fraud, the Reserve Bank of India (RBI) has mandated all banks to adopt the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) system. The decision, issued on June 30, 2025, marks a new chapter in India’s fight against cybercrime, ensuring real-time risk assessment for mobile numbers […]