Business Finance

Markets Bet on RBI Rate Hike as Inflation Rises

By BPN News Desk October 5, 2026

Markets are increasingly pricing in an interest rate hike by the Reserve Bank of India this week as inflation broadens beyond food and fuel, economic growth remains strong and major global central banks adopt a tighter monetary stance. RBI Rate Hike Bets Rise Ahead of MPC Decision Nearly 60% of economists expect the RBI to […]

Business Finance

RBI Rate Hike Expectations Rise Ahead of MPC Meet

By BPN News Desk October 3, 2026

The Reserve Bank of India’s Monetary Policy Committee is set to meet from October 5 to 7 amid growing expectations that persistent inflation pressures, elevated energy costs and strong domestic growth could prompt a modest increase in the repo rate. RBI Repo Rate Hike Expectations Rise The repo rate currently stands at 5.25%, where the […]

Business Markets

FPIs Pull ₹35,860 Crore From Indian Equities

By BPN News Desk October 3, 2026

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

Business Finance

SBI Says Vijay Mallya Still Owes ₹8,752 Crore

By BPN News Desk October 3, 2026

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

Business Finance

Anup Bagchi Named HDFC Bank MD and CEO

By BPN News Desk October 2, 2026

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 […]

Business Markets

Sensex Falls as Nifty Slips Below 22,600

By BPN News Desk October 1, 2026

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 […]

Business Finance

Nirmala Sitharaman Clarifies UPI MDR Charge Rules

By BPN News Desk September 25, 2026

Finance Minister Nirmala Sitharaman has clarified that the new Merchant Discount Rate on specified UPI payments above ₹2,000 is not a government tax and cannot be passed on to customers. The 0.4% charge will instead be borne within the merchant and digital payments ecosystem. UPI MDR Money Will Not Go to Government Sitharaman said the […]

Business

Jamie Dimon Flags India Tax, Regulation Risks

By BPN News Desk September 22, 2026

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

Business Industry

CITI Warns US Tariffs Could Hit Textile Exports

By BPN News Desk September 19, 2026

The Confederation of Indian Textile Industry (CITI) has warned that any additional US tariffs linked to India’s purchase of Russian energy could severely affect the country’s textile and apparel exports. The industry body said the United States remains India’s single-largest market for the sector and higher duties could make Indian products significantly less competitive.

Business Finance

RBI Backs 0.4% MDR on Large UPI Payments

By BPN News Desk September 16, 2026

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 […]