Business Finance

Axis Bank Shares Rise Despite Profit Drop

By BPN News Desk
Axis Bank reported a 26 % year-on-year drop in net profit for Q2 FY26, down to ₹5,090 crore. The decline was driven by a sharp rise in provisions, including a one-time ₹1,231 crore standard asset provision linked to discontinued crop loans. Core performance shows resilience Despite the earnings hit, the bank’s core business held steady. […]
court
Finance

Delhi HC Questions Removal of GST Aid

By BPN News Desk
The Delhi High Court has asked the Centre to explain why it removed a GST concession for the differently-abled on vehicle purchases. The court said taking away a benefit already granted is troubling. What changed Earlier, persons with locomotor disabilities were eligible for a lower GST rate on certain cars compared to the standard 28%. […]
Gautam-Adani
Business

Adani, Google to Build India’s Largest AI Hub

By BPN News Desk
Adani Enterprises, through its joint venture AdaniConneX, has partnered with Google and Airtel to establish India’s largest AI data centre campus in Visakhapatnam, Andhra Pradesh. Scale and Scope Google will invest $15 billion over five years (2026–2030) to create a 1-gigawatt data centre campus. The facility will be designed to handle massive AI workloads and […]
us market
Business Markets

Asian Markets Tumble on U.S.-China Tension

By BPN News Desk
On Monday, Asian stock markets fell sharply as doubts resurfaced over escalating trade tensions between the United States and China. Key Indexes Slide In Hong Kong, the Hang Seng Index dropped nearly 3.5%. In mainland China, the CSI 300 Index fell about 1.8%. The Shanghai Composite also declined. Trigger: Trade Escalation The sell-off came after […]
Anil Ambani
Business

ED Arrests Reliance Power CFO in Fake BG Case

By BPN News Desk
The Enforcement Directorate (ED) on Friday arrested Ashok Kumar Pal, the Chief Financial Officer of Reliance Power, for his alleged role in a ₹68.2 crore fake bank guarantee scheme tied to a Solar Energy Corporation of India (SECI) tender. Details of the Allegation ED officials allege that Pal orchestrated the submission of a bogus bank […]
Piyush Goyal
Business Trade

India, US in Talks to “Find Landing Ground”

By BPN News Desk
India and the United States are continuing dialogue over a proposed bilateral trade agreement, with Commerce Minister Piyush Goyal saying that both sides hope to “find a landing ground” on key issues. He confirmed that discussions are ongoing at various levels even amid a U.S. government shutdown. Trade Deal Timeline and Challenges Goyal indicated that […]
RBI
Business Finance

RBI to Launch Pilot for Deposit Tokenisation

By BPN News Desk
The Reserve Bank of India (RBI) will roll out a pilot project for deposit tokenisation starting October 8, 2025. The initiative will be anchored on the wholesale version of the central bank’s digital currency (CBDC). Concept of Deposit Tokenisation Deposit tokenisation involves converting a traditional bank deposit into a digital token that mirrors the same […]