meta
Business

Meta to Report CSAM Directly to India

By BPN News Desk
Meta has agreed to directly report child sexual abuse material and other child-safety cases to Indian authorities, establishing a new reporting channel with the country’s national cybercrime system. The move follows increased government scrutiny over allegations involving advertisements linked to child sexual exploitation material on Instagram. Meta to Report CSAM Directly
HDFC
Business

HDFC Bank Sends Two CEO Names to RBI

By BPN News Desk
HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for appointment as its next Managing Director and Chief Executive Officer, formally advancing the succession process ahead of Sashidhar Jagdishan’s retirement in October. HDFC Bank Seeks RBI Approval for New CEO The bank’s board approved two candidates in order of […]
foreign investment
Business Finance

NRIs Pour $127 Billion Into RBI Dollar Scheme

By BPN News Desk
India’s special dollar-rupee swap facility has attracted about $136 billion in foreign currency inflows, with non-resident Indian deposits contributing $127 billion, according to provisional figures. The mobilisation has significantly exceeded expectations and strengthened the Reserve Bank of India’s foreign-exchange buffers. NRI Deposits Bring $127 Billion Into India
apple
Business

John Ternus Takes Over as Apple CEO

By BPN News Desk
Tim Cook has stepped down as Apple’s chief executive after 15 years at the helm, with longtime hardware chief John Ternus taking over as CEO from September 1, 2026. Cook will remain closely involved with the company as executive chairman of Apple’s board. John Ternus Takes Over as Apple CEO Ternus, previously Apple’s senior vice […]
HDFC
Business Finance

HDFC Bank CEO Sashidhar Jagdishan to Step Down

By BPN News Desk
HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan will step down when his current term ends on October 26, 2026, after deciding not to seek reappointment. The move begins a major leadership transition at India’s largest private-sector lender. Sashidhar Jagdishan to Leave HDFC Bank in October Jagdishan had been widely expected to seek […]
Sam Altman openAI
Business

OpenAI to End Cursor Deal After SpaceX Takeover

By BPN News Desk
OpenAI will end its agreement supplying artificial intelligence models to Cursor after the AI coding platform was acquired by Elon Musk’s SpaceX, citing concerns about whether its technology would continue to be used within its terms of service. Cursor’s direct access to OpenAI models is expected to end on November 12, 2026. OpenAI to End […]
RBI
Business Finance

RBI Eases Dollar Swap Rules for Banks

By BPN News Desk
The Reserve Bank of India has given banks greater flexibility to swap dollars raised from non-resident Indian deposits, allowing large transactions outside their designated weekly window. The move comes ahead of the August 31 deadline for a special deposit scheme that has attracted more than $65 billion. RBI Eases Dollar-Rupee Swap Rules for Banks Banks […]
HDFC
Business

HDFC Bank Shares Fall on US Class-Action Lawsuit

By BPN News Desk
HDFC Bank shares came under pressure on Thursday after a securities class-action lawsuit was filed in the United States against the lender and two senior executives over alleged misleading disclosures linked to payments made to the Maharashtra State Road Development Corporation (MSRDC). HDFC Bank Faces US Securities Class Action The lawsuit was filed in the […]
TCS
Business

TCS to Buy Porsche IT Unit MHP for $373 Million

By BPN News Desk
Tata Consultancy Services (TCS) has agreed to acquire Porsche’s management and IT consulting subsidiary MHP in a deal valued at €320 million, or about $373 million. The acquisition forms part of a broader five-year strategic partnership between TCS and Porsche worth €1.25 billion, or roughly $1.46 billion. TCS to Acquire Porsche IT Consultancy MHP TCS […]