Business

Musk Seeks Massive Damages From OpenAI, Microsoft

By BPN News Desk January 17, 2026

Elon Musk has filed a lawsuit seeking damages of up to $134 billion from OpenAI and Microsoft, alleging that the artificial intelligence firm abandoned its original non-profit mission for commercial gain. The case has been filed in a US court and targets what Musk describes as wrongful profits earned using his early contributions. Core Allegations […]

Business

Hiring Slows as India IT Firms Trim Headcount

By BPN News Desk January 17, 2026

India’s leading IT services companies have reported a significant slowdown in hiring during the first nine months of the 2025-26 financial year. Net headcount across major firms in the sector declined sharply compared with the same period last year as companies exercised hiring restraint and restructured workforces amid changing demand patterns and technological shifts.

Business

Infosys Shares Jump After Q3 Results, Guidance Upgrade

By BPN News Desk January 16, 2026

Shares of Infosys rose sharply on Friday, climbing around 5% in early trade after the company reported its third-quarter (Q3 FY26) results and raised its revenue growth outlook for the financial year. Investors reacted positively to the combination of financial performance and improved guidance. Q3 Performance Infosys reported year-on-year revenue growth of around 9% in

Trade

India Says Trade Deal With EU Is Close

By BPN News Desk January 15, 2026

India is close to concluding a long-pending trade agreement with the European Union, according to the country’s trade secretary. He said negotiations have reached an advanced stage, with most chapters settled and only a few technical issues left to be resolved. Timing Linked To High-Level Meetings Officials indicated that both sides are working toward finalising […]

Business

Infosys ADRs Gain After FY26 Outlook Raised

By BPN News Desk January 14, 2026

American Depositary Receipts (ADRs) of Infosys rose around 2% in pre-market trading in the United States after the Indian IT major raised its revenue guidance for the 2025–26 financial year. Revised Guidance Boosts Sentiment Infosys updated its full-year outlook following its quarterly earnings announcement, signalling improved visibility in client spending and deal

Business

Quick-Commerce Firms Drop “10-Minute” Delivery Claim

By BPN News Desk January 14, 2026

Major Indian quick-commerce companies, including Swiggy and Zepto, have stopped using the “10-minute delivery” claim in their branding and marketing after a government directive urging changes to how ultra-fast delivery is promoted. Government and Safety Concerns The Union Labour Ministry raised concerns that fixed delivery-time promises could put excessive pressure on gig

Business

US Approves Nvidia AI Chip Sales to China

By BPN News Desk January 14, 2026

The United States has approved the sale of Nvidia’s advanced artificial intelligence chips to China under specific regulatory conditions, marking a calibrated easing of earlier export restrictions. Conditional Approval Framework The approval allows Nvidia to export select high-end AI chips after meeting compliance requirements set by US authorities. These include

Business

Adani Group Plans ₹1.5 Lakh Crore Investment in Kutch

By BPN News Desk January 13, 2026

The Adani Group has announced plans to invest ₹1.5 lakh crore in Gujarat’s Kutch region over the next five years, signalling a major expansion of its infrastructure and energy footprint in the state. The announcement was made during a regional business conference attended by industry and government representatives. Focus on Energy and Infrastructure The proposed […]

Business

Reliance to Double Investment in Gujarat: Ambani

By BPN News Desk January 12, 2026

Mukesh Ambani, Chairman of Reliance Industries Ltd., announced on January 11, 2026 that his company will double its investment in Gujarat over the next five years. Speaking at the Vibrant Gujarat Regional Conference in Rajkot, he said Reliance had invested about ₹3.5 lakh crore in the state in the past five years and now plans […]

Business Markets

FPIs Extend Selling Streak in Indian Markets

By BPN News Desk January 12, 2026

Foreign portfolio investors continued their selling spree in Indian equities in January, pulling out nearly ₹11,800 crore so far this month. The sustained outflows have added to market volatility during the early part of the year, even as domestic investors provided some support. Reasons Behind the Outflows Market participants attribute the continued selling to global […]