Business

US Deal: Oracle to License TikTok Algorithm

By BPN News Desk September 23, 2025

The Trump administration has laid out plans for Oracle to manage the recommendation algorithm for U.S. users of TikTok, under a framework agreed with ByteDance, TikTok’s Chinese parent company. Oracle’s Role in Algorithm Oversight Under the proposed deal, Oracle will receive a copy of TikTok’s recommendation algorithm. That copy will be retrained using U.S. user […]

Business Finance

Govt Poised to Exceed ₹47,000 Crore Disinvestment Target

By BPN News Desk September 23, 2025

DIPAM Secretary Arunish Chawla has said that the government is on track to exceed its disinvestment target of ₹47,000 crore for the current fiscal year. Speaking at the Network18 Reforms Reloaded summit in New Delhi, he expressed confidence in surpassing the goal. Progress So Far By July 2025, around 33% of the target had already […]

Business Finance

Karnataka Says States to Lose ₹1.5 Lakh Crore from GST 2.0

By BPN News Desk September 23, 2025

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

Business Finance

GST Reforms to Give ₹2 Lakh Crore to People

By BPN News Desk September 20, 2025

Finance Minister Nirmala Sitharaman announced that the GST 2.0 reforms will put nearly ₹2 lakh crore into the hands of Indian citizens. She said this amount won’t remain with the government but will return to the economy through lower prices, higher consumption, and more liquidity for households. Key Changes Under GST 2.0 The GST slabs […]

Business

Microsoft Warns H-1B Workers: Return Before Fee Hike

By BPN News Desk September 20, 2025

Microsoft has issued an urgent memo advising employees holding H-1B and H-4 visas to return to the U.S. immediately if they are abroad. The advisory follows a new U.S. government rule that imposes a $100,000 annual fee for each H-1B petition starting September 21, 2025. Workers outside the U.S. after the deadline may face re-entry […]

Business Finance

Amit Shah Calls GST 2.0 India’s Biggest Reform

By BPN News Desk September 20, 2025

Home Minister Amit Shah has described the government’s new GST reform—GST 2.0—as one of the most sweeping tax overhauls since India’s independence. He said the reform goes beyond simple tax cuts, calling it “multi-dimensional.” Key goals, he added, include boosting investment, consumption, manufacturing, exports and public trust in taxation. What Has Changed Under GST 2.0,

Business Finance

Govt Won’t Restore Anti-Profiteering Under GST

By BPN News Desk September 19, 2025

The Indian government has confirmed there are no plans to bring back the anti-profiteering provisions under Section 171 of the GST law. These provisions required businesses to pass on tax rate cuts or input tax credit benefits to consumers. Background: What Changed When GST was introduced in 2017, the anti-profiteering law and a body called […]

Business

SEBI Clears Adani Group of Hindenburg Allegations

By BPN News Desk September 18, 2025

The Securities and Exchange Board of India (SEBI) has dismissed allegations made by Hindenburg Research against the Adani Group. The regulator found no evidence that transactions routed through Adicorp Enterprises, Milestone Tradelinks, or Rehvar Infrastructure violated disclosure norms or related-party rules. Scope of Orders The clearance covers Adani entities such as

Business

Google Lays Off 200+ Contractors behind Gemini AI

By BPN News Desk September 17, 2025

Google has terminated more than 200 contractors who worked on its Gemini chatbot and AI Overviews feature. The trimmed workforce were employees of outsourcing firm GlobalLogic and its subcontractors—not directly on Google’s payroll. Roles & Cost The laid-off contractors were part of a group known as “super raters.” Many had advanced degrees and were responsible […]

Business Finance

GST Rate Reductions Effect from September 22

By BPN News Desk September 17, 2025

Finance Minister Nirmala Sitharaman announced that recent GST rate cuts will take effect from 22 September 2025. These cuts are expected to streamline tax slabs and reduce rates across many consumer goods. Economic Impact Projected The government estimates these reforms will inject about ₹2 lakh crore into the Indian economy by increasing cash in the […]