kotak mahindra bank
Business Finance

Kotak Mahindra Denies Bid For IDBI Bank

By BPN News Desk
Kotak Mahindra Bank clarified that it has not submitted a bid for IDBI Bank, responding to market speculation about potential participation in the government’s ongoing disinvestment process. The statement was issued to address reports suggesting the private lender was evaluating an acquisition proposal. Kotak Mahindra Bank Denies IDBI Bank Bid The bank said it has […]
Business

Uber Ola Rapido Drivers Announce Strike

By BPN News Desk
Ride-hailing drivers associated with app-based platforms including Uber, Ola and Rapido announced a strike on February 7, which is expected to affect cab availability in several Indian cities. Driver groups said the protest is aimed at highlighting earnings and commission concerns with aggregator companies. Uber Ola Rapido Drivers Strike Demands Driver unions stated their
RBI
Business Finance

RBI Keeps Repo Rate Unchanged After Budget

By BPN News Desk
The Reserve Bank of India (RBI) kept the benchmark repo rate unchanged in its first monetary policy decision after the Union Budget, maintaining its cautious approach amid moderating inflation and steady economic growth signals. RBI Repo Rate Decision After Budget The Monetary Policy Committee decided to hold the repo rate steady, signalling continuity in its […]
Business

SpaceX and xAI Merge Ahead of IPO Plans

By BPN News Desk
Elon Musk’s space company SpaceX has merged with his artificial intelligence venture xAI, creating a combined private entity with a valuation estimated at over $1 trillion, as preparations for a potential initial public offering gather pace. Merger Details and Valuation The merger brings xAI, which develops the Grok artificial intelligence model and is closely linked […]
Business

Ola, Uber, Rapido Drivers to Go on Strike Feb 7

By BPN News Desk
Drivers associated with app-based ride-hailing platforms Ola, Uber and Rapido have announced a nationwide strike on February 7 to protest issues related to fares, earnings and regulatory enforcement. Key Demands Raised Driver groups said current fare structures are unsustainable amid rising fuel prices, vehicle maintenance costs and commission charges levied by platforms.
RBI
Business Finance

RBI Holds MPC Meeting to Review Monetary Policy

By BPN News Desk
The Reserve Bank of India on Wednesday began its Monetary Policy Committee meeting to assess macroeconomic conditions and decide on the future course of interest rates. Rate Decision Due on Friday The three-day meeting will conclude on Friday, when the RBI will announce its policy decision. The committee will review inflation trends, growth indicators, liquidity […]
Business

Oracle May Cut Up to 30,000 Jobs Amid Financial Strain

By BPN News Desk
Oracle is reportedly planning large-scale job cuts, with estimates suggesting up to 30,000 positions could be eliminated globally as the company looks to manage rising costs and financial pressure. The potential layoffs would mark one of the biggest workforce reductions in Oracle’s history if implemented. Cost Pressures and AI Investments The move is linked to […]

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