Business

Porter Lays Off 300–350 Employees Amid Restructuring

By BPN News Desk November 5, 2025

Logistics startup Porter has laid off between 300 and 350 employees as part of an internal restructuring aimed at improving efficiency and streamlining operations. The layoffs reportedly affect teams across multiple departments, including technology, operations, and support functions. The company has not publicly confirmed the exact number of affected employees. Reason

Business

Amazon Blocks Perplexity’s AI Shopping Agent

By BPN News Desk November 5, 2025

mazon.com Inc. has sent a legal notice to Perplexity AI, ordering the startup to stop its AI shopping tool, Comet, from operating on Amazon’s platform. The retail giant claims that the AI-driven bot violates its terms of service and creates a poor shopping experience by attempting automated purchases through unauthorized means. Dispute Over AI Shopping […]

Business

OpenAI Signs $38 B Cloud Deal With AWS

By BPN News Desk November 4, 2025

OpenAI has agreed to a seven-year cloud computing partnership worth US $38 billion with Amazon Web Services (AWS). The deal will give OpenAI access to hundreds of thousands of advanced NVIDIA GPUs via AWS to train and run its large-scale AI models. The entire infrastructure is expected to be fully deployed by the end of […]

Business

ED Attaches ₹3,000 Crore Assets Linked to Anil Ambani Group

By BPN News Desk November 3, 2025

The Enforcement Directorate (ED) on Monday announced the attachment of properties valued at about ₹3,000 crore belonging to the business group of Anil Ambani. The assets include his Pali Hill residence in Bandra, Mumbai, and offices and flats of companies under the group in Delhi, Noida, Goa, Pune, Hyderabad and Chennai. Investigation Scope The attachment […]

Business Finance

Bank of Baroda’s Q2 Net Profit Slides to ₹4,809 Crore

By BPN News Desk November 2, 2025

Bank of Baroda reported a net profit of ₹4,809 crore for the quarter ended September 30 2025. This marks an 8.2 per cent year-on-year decline from ₹5,238 crore in Q2 FY25. Income & Asset Quality Highlights The lender’s net interest income grew to ₹11,954 crore, up 2.7 per cent compared to the same quarter last […]

Business

Urban Company Reports 37% Revenue Rise, Still Posts Loss

By BPN News Desk November 2, 2025

Urban Company, an Indian home–services platform, recorded a 37 percent year-on-year increase in operating revenue during the September 2025 quarter, reaching approximately ₹380 crore. This growth was driven by strong performance across its India consumer-services, international operations and its “Native” branded home-products segment. Widening Losses Amid Expansion

Business Finance

GST Collections Reach ₹1.96 Lakh Crore in October

By BPN News Desk November 2, 2025

India’s gross Goods and Services Tax (GST) collections for October 2025 reached approximately ₹1.96 lakh crore, marking a 4.6 percent year-on-year increase. The growth was notably subdued, reflecting the combined effect of recent tax-rate cuts and robust festive-season demand. Factors Influencing the Collections According to government disclosures, the improved collection

Business

Maruti Suzuki Reports Record October Sales in India

By BPN News Desk November 2, 2025

Maruti Suzuki India Ltd (MSIL) announced that it achieved its highest ever monthly sales in October 2025, driven by a combination of festival-season demand and recent Goods & Services Tax (GST) rate reductions. The company said domestic passenger vehicle dispatches to dealers crossed the previous record, with robust volumes across hatchbacks, compact sedans and

Business

Ford to Invest Rs 3,250 Crore in Engine Manufacturing

By BPN News Desk November 1, 2025

Ford Motor Company has confirmed a fresh investment of ₹3,250 crore (about US $370 million) to re-tool its facility in Maraimalai Nagar, near Chennai in Tamil Nadu. The company has signed a memorandum of understanding with the state government as part of this move. Production Plans The revitalised plant is set to manufacture next-generation engines, […]

Business

Air India Seeks Funding From Owners After Crash

By BPN News Desk October 31, 2025

Air India has approached its owners — Tata Sons (74.9 % stake) and Singapore Airlines (25.1 %) — seeking approximately ₹10,000 crore (around US $1.14 billion) in fresh funding according to Bloomberg News, . The request follows the June crash of its Boeing 787 on the Ahmedabad–London route and ongoing operational and financial challenges. Purpose […]