Business

Reliance Jio Set To File IPO Papers

By BPN News Desk
Reliance Jio Infocomm is reportedly preparing to file draft papers for a major initial public offering in the coming days, a move that could mark India’s largest-ever IPO and revive sentiment in the country’s slowing listings market. Reliance Jio IPO Filing Expected Soon The telecom arm of Mukesh Ambani-led Reliance Industries is expected to begin […]
Business

FIR After Pune TCS Employee Suicide

By BPN News Desk
A 48-year-old TCS employee in Pune died by suicide at his residence earlier this month, prompting police to register an abetment to suicide case against three people. The FIR was filed after his son approached police, citing allegations made in a note left behind by the deceased. Pune TCS Employee Suicide Case The deceased has […]
RBI
Business Finance

RBI Cancels Registration Of 135 NBFCs

By BPN News Desk
The Reserve Bank of India has cancelled the certificates of registration of 135 non-banking financial companies in a major regulatory action aimed at tightening oversight of the NBFC sector. RBI Cancels Registration Of 135 NBFCs The central bank has cancelled the certificates of registration of 135 NBFCs, meaning these entities can no longer operate as […]
google
Business

Google Cloud India Outage After Fire

By BPN News Desk
Google Cloud said some customers in India faced intermittent network disruptions after a fire at a third-party data centre triggered an emergency shutdown of networking equipment. The incident affected traffic from major Indian cities, including Delhi, Chennai and Mumbai. Google Cloud India Outage The disruption occurred after a fire at a third-party facility led to […]
RBI
Business Finance

Indian Banks Rise On RBI Foreign Deposit Push

By BPN News Desk
Indian banking stocks gained on Tuesday after the Reserve Bank of India issued detailed guidelines for a concessional foreign exchange swap facility aimed at attracting overseas foreign currency deposits and supporting dollar inflows. Indian Banks Lead Market Gains The Nifty Bank index rose more than 1% in morning trade, outperforming the broader market. The Nifty […]
Wipro
Business

Wipro Buyback To Open On June 11

By BPN News Desk
Wipro’s Rs 15,000-crore share buyback offer will open on June 11 and close on June 17, with the IT major setting the buyback price at Rs 250 per equity share. Wipro Share Buyback Details The company will buy back up to 60 crore equity shares through the tender offer route. The record date for determining […]
meta
Business

Meta Moves 7,000 Staff To AI Teams

By BPN News Desk
Meta has reassigned around 7,000 employees to new artificial intelligence-focused teams after a major round of layoffs, as the company deepens its shift towards AI-led product development and internal restructuring. Meta Employees Shifted To AI Teams The move was communicated through an internal memo that told selected employees they had been identified as people who […]
google
Business

Google To Pay SpaceX $920 Million Monthly For Compute

By BPN News Desk
Google has signed a major cloud-computing agreement with SpaceX under which it will pay $920 million per month for access to computing capacity. The deal highlights rising demand for artificial intelligence infrastructure as major technology companies race to secure high-performance chips and data centre capacity. Google SpaceX Cloud Computing Deal According to regulatory
RBI
Business Finance

RBI Keeps Repo Rate Unchanged At 5.25%

By BPN News Desk
The Reserve Bank of India’s Monetary Policy Committee has kept the repo rate unchanged at 5.25%, taking a cautious approach as the West Asia conflict, crude oil prices and currency pressure create fresh risks for inflation and growth. RBI MPC Holds Repo Rate At 5.25% RBI Governor Sanjay Malhotra announced that the six-member Monetary Policy […]
SEBI
Business Markets

SEBI Bans Rajesh Exports CMD Rajesh Mehta

By BPN News Desk
SEBI has barred Rajesh Exports Chairman and Managing Director Rajesh Mehta from dealing in the company’s securities after flagging serious allegations of financial misrepresentation, revenue inflation and disclosure lapses. SEBI Action Against Rajesh Exports The Securities and Exchange Board of India issued an interim order against Rajesh Exports after examining alleged