Business Finance

ICICI Bank Q4 Profit Rises To Rs 14,755 Crore

By BPN News Desk April 20, 2026

ICICI Bank reported a rise in profit for the March quarter of FY26, with consolidated net profit increasing 9.28% year-on-year to Rs 14,755 crore. The quarterly performance was supported by lower provisions, steady credit growth and continued strength in core banking operations. On a standalone basis, net profit came in lower than the consolidated figure, […]

Business

Meta Plans Layoffs Affecting 8000 Jobs

By BPN News Desk April 18, 2026

Meta is preparing for another major round of job cuts, with about 8,000 roles, roughly 10% of its global workforce, expected to be affected in the first phase beginning in May 2026. The move comes as the company reorganises around artificial intelligence and broader efficiency goals, despite remaining financially strong. Meta Layoffs 2026 Plan The […]

Business

Wipro Falls Despite Rs 15,000 Crore Buyback

By BPN News Desk April 17, 2026

Wipro Falls Despite Rs 15,000 Crore Buyback Wipro shares fell sharply after the company announced its March quarter results and unveiled a Rs 15,000 crore buyback plan. The stock dropped as investors looked beyond the buyback and focused on weaker profit growth, soft near-term guidance and continuing concerns over demand in the IT services business. […]

Business

TCS Suspends Staff In Nashik Probe

By BPN News Desk April 13, 2026

TCS Suspends Staff As Nashik Probe Deepens Tata Consultancy Services has suspended employees under investigation in the Nashik case as police widen their probe into allegations of sexual exploitation, workplace harassment and forced religious conversion. The case has drawn major public attention because the complaints involve a corporate office setting and multiple

Business Finance

RBI Holds Repo Rate, Home Loans Stay Stable

By BPN News Desk April 8, 2026

The Reserve Bank of India has kept the repo rate unchanged at 5.25%, offering stability to borrowers and the housing market but no immediate reduction in home loan rates. The decision means lenders are unlikely to cut rates further in the near term, though recent easing has already lowered borrowing costs compared with last year. […]

Business Finance

HDFC Bank Credit-Deposit Gap Widens In Q4

By BPN News Desk April 4, 2026

HDFC Bank Credit-Deposit Gap Widens In Q4 HDFC Bank’s provisional business update for the quarter ended March 31 showed loan growth continuing to outpace deposit growth, widening the gap between advances and deposits. The update pointed to steady credit expansion, but also highlighted the continued need for stronger deposit mobilisation as the bank heads into […]

Business

Oracle Cuts Jobs In India Amid AI Shift

By BPN News Desk April 2, 2026

Oracle Cuts Jobs In India Amid AI Restructuring Oracle has reportedly laid off around 10,000 employees in India as part of a wider global restructuring drive, with the cuts linked to cost pressures and slower-than-expected returns from its artificial intelligence push. The move is being seen as one of the biggest recent workforce reductions in […]

Markets

Oil Jumps, Asian Stocks Fall On Iran Threat

By BPN News Desk April 2, 2026

Oil Jumps, Asian Stocks Fall On Iran Threat Asian markets fell and oil prices climbed sharply after US President Donald Trump said Washington would continue hitting Iran “extremely hard”, raising fears of a deeper conflict and prolonged disruption in global energy flows. The remarks unsettled investors across the region, with traders reacting to the prospect

Business

KPMG To Cut Hundreds Of UK Jobs

By BPN News Desk March 28, 2026

KPMG is preparing to cut almost 600 jobs in the UK as the firm responds to a prolonged slowdown and unusually low staff turnover in parts of its business. The move reflects continued pressure in the professional services sector, where weaker market conditions have reduced hiring momentum and forced firms to reassess workforce size. KPMG […]

Finance

RBI Caps Rupee Open Positions At $100 Million

By BPN News Desk March 28, 2026

The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has intensified amid higher […]