Business

SBI Suspends Overseas Dealings with Nayara Energy

By BPN News Desk
The State Bank of India (SBI) has suspended all international trade and foreign currency transactions for Nayara Energy, citing concerns over potential exposure to U.S. tariffs and European Union sanctions linked to the company’s partial Russian ownership. Compliance Over Commercial Considerations The decision, taken as a precautionary compliance measure, reflects growing
Business

China Advises Firms Against Using Nvidia’s H20 Chips

By BPN News Desk
Chinese authorities have issued guidance urging public and private entities to avoid using Nvidia’s H20 AI chips, particularly in projects linked to government or national security. The H20, designed as a scaled-down version of Nvidia’s advanced processors to comply with U.S. export controls, is now discouraged in sensitive applications. Concerns Over Security and Push for
Business

Supreme Court Sets Timeline for Discom Dues

By BPN News Desk
The Supreme Court of India has ordered all states and union territories to clear the unpaid dues owed to electricity distribution companies (discoms). These unpaid amounts, called “regulatory assets,” must be fully repaid within four years starting April 1, 2024. Limits and New Rules for Tariffs The court has also mandated that any new regulatory […]
Business

BHEL Reports Bigger Loss in June Quarter

By BPN News Desk
Bharat Heavy Electricals Limited (BHEL), a government-owned engineering company, reported a larger loss for the first quarter of fiscal year 2025-26. The company’s consolidated net loss widened to ₹455.5 crore, compared with a ₹211.4 crore loss in the same period last year. This loss more than doubled compared to the year-ago quarter. Revenue and Expenses […]

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