Business Finance

RBI Says Digital Banking Cannot Be Made Mandatory

By BPN News Desk November 30, 2025

The Reserve Bank of India has clarified that banks cannot force customers to adopt digital banking in order to access other essential services. The clarification comes under the updated digital banking framework, which emphasises customer consent and financial inclusion. Consent Required Before Enrolling Customers According to the RBI, customers must give clear and

Business

Byju’s Founder to Seek $2.5 Bn in Damages

By BPN News Desk November 28, 2025

BYJU’S founder Byju Raveendran along with co-founder Divya Gokulnath have announced plans to file lawsuits seeking at least US $2.5 billion in damages. The claim targets Glas Trust — the lenders’ representative — and others they hold responsible for alleged wrongful actions that harmed both their business and personal reputations. What Triggered the Suit The […]

Business

Reliance JV To Build $11 Billion AI Data Hub In Vizag

By BPN News Desk November 27, 2025

Reliance Industries’ joint venture with Brookfield Corporation and Digital Realty, operating as Digital Connexion, has announced a $11 billion investment to build a large AI-focused data centre campus in Visakhapatnam, Andhra Pradesh. The project will be developed over five years and is expected to significantly boost India’s AI infrastructure capacity. 1 GW AI Data Campus

Business

Apple Challenges India’s Antitrust Penalty Law In Court

By BPN News Desk November 27, 2025

Apple has approached the Delhi High Court challenging India’s amended antitrust penalty framework, which allows the Competition Commission of India (CCI) to impose fines based on a company’s global turnover instead of only its India revenue. The company argued in its filing that the new rule is arbitrary and disproportionate. Risk Of Fine Up To […]

Business

HP Cuts Up To 6,000 Jobs As AI Push Accelerates

By BPN News Desk November 26, 2025

HP Inc. has announced plans to cut between 4,000 and 6,000 jobs globally by the end of fiscal 2028. The reduction — amounting to nearly 10 percent of its total workforce — will affect divisions including product development, customer support and internal operations. Company Shifts Strategy Toward AI The layoffs are part of a wider […]

Business

Adani’s $1.2 B Copper Smelter Faces Challenges Amid Ore Shortage

By BPN News Desk November 25, 2025

Adani Enterprises Ltd’s $1.2 billion smelter in Gujarat, India, is struggling to ramp up full operations due to a shortage of copper concentrates caused by tight global supplies. The facility, formally known as Kutch Copper Ltd, has a stated annual capacity of 500,000 metric tons and aims to double that by 2028-29, but feedstock constraints […]

Business

Amazon to Invest Up to $50B in AI Infrastructure for U.S. Government

By BPN News Desk November 25, 2025

Amazon announced a plan to invest up to US$50 billion to expand artificial-intelligence (AI) and high-performance computing infrastructure for U.S. government customers via its cloud computing arm, Amazon Web Services (AWS). The project is scheduled to begin in 2026 and will add nearly 1.3 gigawatts of compute capacity across AWS’s “Top Secret”, “Secret” and “GovCloud”

Business Finance

RBI Signals Room For Further Rate Cuts

By BPN News Desk November 25, 2025

The Reserve Bank of India has indicated there is space for further policy rate cuts after retail inflation dropped to a record low of 0.25 percent in October. RBI Governor Sanjay Malhotra said the sharp fall in inflation strengthens the case for easing, though any move will depend on the Monetary Policy Committee’s assessment. Growth […]

Business

TCS Hit With $194 Million Order In U.S. Trade-Secrets Case

By BPN News Desk November 24, 2025

Tata Consultancy Services (TCS) has suffered a significant legal setback in the United States after the Fifth Circuit Court of Appeals upheld a damages award of approximately US $194 million in a trade-secrets dispute with DXC Technology. The case was originally brought by Computer Sciences Corporation (CSC), now part of DXC, alleging misuse of its […]

Business

US Court Orders Byju Raveendran to Pay Over $1 Billion

By BPN News Desk November 22, 2025

A U.S. bankruptcy court in Delaware has issued a default judgment against Byju Raveendran, founder of Byju’s, mandating he pay more than US $1.07 billion after failing to comply with court-ordered discovery in a case tied to missing loan funds. The judgment stems from a 2021 term loan of roughly US $1.2 billion taken out […]