textile
Business Industry

Textile Industry Welcomes RoDTEP Restoration

By BPN News Desk
The textile industry has welcomed the Centre’s decision to restore full RoDTEP benefits, calling it a major relief for exporters facing pressure from weak global demand, higher logistics costs and uncertainty in overseas markets. The move reverses the earlier reduction in export incentives and is expected to improve competitiveness for textile units, especially in large
Anil Ambani
Business

Anil Ambani Seeks Panel To Fix Actual Dues

By BPN News Desk
Industrialist Anil Ambani has told the Supreme Court that he is not a fugitive and has asked for a lenders’ committee to be formed to determine his actual dues, as legal scrutiny around Reliance Communications and related financial disputes continues. The request is part of his effort to challenge the scale and characterisation of the […]
rupee
Business Markets

Rupee Falls to Record Low of 93.49

By BPN News Desk
The Indian rupee fell sharply to a new all-time low of 93.49 against the US dollar on Friday, extending pressure on the domestic currency as the West Asia conflict pushed crude oil concerns higher and foreign investor outflows continued. Rupee Hits Fresh Record Low At the interbank foreign exchange market, the rupee opened at 92.92 […]
nvidia
Business

Nvidia Sees $1 Trillion AI Chip Opportunity

By BPN News Desk
Nvidia has said the revenue opportunity for its artificial intelligence chip business could reach at least $1 trillion through 2027, as the company sharpens its focus on AI inference, the fast-growing segment that powers real-time responses from AI systems. The forecast was presented by chief executive Jensen Huang at the company’s annual GTC developer conference, […]
idfc
Business Finance

Vikram Wadhwa Arrested In IDFC Bank Fraud

By BPN News Desk
Chandigarh Police have arrested businessman Vikram Wadhwa in connection with an alleged financial fraud linked to accounts maintained at IDFC First Bank’s Chandigarh branch. The arrest is part of an ongoing investigation into suspected diversion of funds through unauthorised banking transactions and shell entities. Vikram Wadhwa Arrested In IDFC First Bank Fraud Case
income tax
Finance

Income Tax Emails Flag High Value Transactions

By BPN News Desk
India’s Income Tax Department has started sending emails to several taxpayers highlighting significant financial transactions and possible shortfall in advance tax payments. The communication is part of the department’s ongoing data analytics exercise aimed at improving tax compliance and reminding individuals to review their tax liabilities before the end of the financial
meta
Business Markets

Meta Plans Major Layoffs Amid AI Push

By BPN News Desk
Meta is preparing another round of workforce reductions as the company increases investment in artificial intelligence infrastructure and technology. The move reflects a broader shift in the global technology sector, where companies are restructuring operations and reallocating resources to support rapid AI development. Meta Layoffs Linked To AI Investment Meta is
idfc
Business Finance

ED Raids 19 Sites In ₹597 Crore IDFC Fraud

By BPN News Desk
The Enforcement Directorate (ED) has conducted search operations at 19 locations across Chandigarh, Mohali, Panchkula, Gurugram and Bengaluru in connection with an alleged ₹597-crore fraud linked to IDFC First Bank. Authorities also froze more than 90 bank accounts suspected to be connected to the diversion of funds as investigators attempt to trace the money trail […]

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