foreign investment
Business Markets

FPIs Pull ₹35,860 Crore From Indian Equities

By BPN News Desk
Foreign Portfolio Investors turned net sellers in September, withdrawing ₹35,860 crore from Indian equities as elevated crude oil prices, rising US bond yields and wider global uncertainty weighed on investor sentiment. FPIs Pull ₹35,860 Crore From Indian Equities The September outflow marked a sharp reversal after foreign investors had collectively invested around ₹49,830
vijay mallaya
Business Finance

SBI Says Vijay Mallya Still Owes ₹8,752 Crore

By BPN News Desk
A State Bank of India-led consortium has told the Bombay High Court that fugitive businessman Vijay Mallya still owes nearly ₹8,752 crore, despite lenders having recovered more than ₹10,270 crore through asset sales and other recovery proceedings. SBI-Led Banks Claim ₹8,752 Crore Still Recoverable According to the lenders’ affidavit, ₹8,751.86 crore remained recoverable
HDFC
Business Finance

Anup Bagchi Named HDFC Bank MD and CEO

By BPN News Desk
HDFC Bank has appointed Anup Bagchi as its next Managing Director and Chief Executive Officer for a three-year term beginning October 27, 2026, following approval from the Reserve Bank of India and the bank’s board. Anup Bagchi to Lead HDFC Bank From October 27 Bagchi will succeed Sashidhar Jagdishan, whose term ends on October 26 […]
sensex nifty
Business Markets

Sensex Falls as Nifty Slips Below 22,600

By BPN News Desk
Indian stock markets opened lower on Thursday as persistent foreign investor selling, elevated global borrowing costs and cautious sentiment kept pressure on equities, despite some relief from easing crude oil prices. Sensex Falls as Nifty Slips Below 22,600 The BSE Sensex fell more than 100 points in early trade, while the NSE Nifty 50 dropped […]
Jamie Dimon
Business

Jamie Dimon Flags India Tax, Regulation Risks

By BPN News Desk
JPMorgan Chase CEO Jamie Dimon has described India as probably the fastest-growing economy in the world, while warning that inconsistent taxation, regulatory barriers and uneven application of rules could discourage foreign investment despite the country’s strong growth prospects. Jamie Dimon Praises India’s Economic Growth Dimon highlighted India’s 7.8% economic growth
UPI
Business Finance

RBI Backs 0.4% MDR on Large UPI Payments

By BPN News Desk
The Reserve Bank of India has backed the introduction of a 0.4% Merchant Discount Rate on larger UPI merchant payments, saying the change will strengthen the long-term sustainability of India’s digital payments ecosystem. The revised framework will take effect from October 15, 2026. UPI Payments Above ₹2,000 Face 0.4% MDR Under the new structure, person-to-merchant […]
meta
Business

Meta to Report CSAM Directly to India

By BPN News Desk
Meta has agreed to directly report child sexual abuse material and other child-safety cases to Indian authorities, establishing a new reporting channel with the country’s national cybercrime system. The move follows increased government scrutiny over allegations involving advertisements linked to child sexual exploitation material on Instagram. Meta to Report CSAM Directly
HDFC
Business

HDFC Bank Sends Two CEO Names to RBI

By BPN News Desk
HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for appointment as its next Managing Director and Chief Executive Officer, formally advancing the succession process ahead of Sashidhar Jagdishan’s retirement in October. HDFC Bank Seeks RBI Approval for New CEO The bank’s board approved two candidates in order of […]