Trump Says Foreign Students Are “Good Business”

By BPN News Desk November 11, 2025

International

President Donald Trump has described foreign students in the United States as “good business,” even as he expressed reservations about their broader presence. He said that while he does not want unchecked numbers of international students studying in the U.S., the revenue they bring to

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 Finance

GST Collections Rise 9.1% in September

By BPN News Desk October 2, 2025

India’s Goods and Services Tax (GST) collections for September 2025 stood at ₹1.89 lakh crore, reflecting a 9.1% year-on-year growth compared to the same month last year. This is the ninth straight month when GST revenues have remained above ₹1.8 lakh crore. Drivers of Growth The growth was supported by robust domestic demand, steady imports […]

Business Finance

Karnataka Says States to Lose ₹1.5 Lakh Crore from GST 2.0

By BPN News Desk September 23, 2025

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

Business Finance

Moody’s Sees Higher GST Revenue Loss Than Govt

By BPN News Desk September 10, 2025

Rating agency Moody’s said India’s recent GST rate cuts are expected to encourage household spending and strengthen demand. The reforms introduced a two-slab structure of 5% and 18%, along with a 40% tax on luxury and sin goods. Revenue Shortfall Could Exceed Estimates The Indian government projected a revenue loss of about ₹48,000 crore due […]

Op-Eds Opinion

Delhi Bans Rummy but Shuffles the GST Deck

By BPN News Desk September 6, 2025

The irony is too perfect. The Indian government banned online rummy, poker, and fantasy sports calling them “gambling,” thereby forfeiting nearly ₹20,000 crore in annual tax revenue. And yet, at the same time, it has embarked on its own gamble — GST 2.0 — giving up another ₹50,000–70,000 crore in revenues, all while running a […]

Business Finance

New GST Rates Likely by Dussehra as Revenue Shortfall Looms

By BPN News Desk August 25, 2025

The government is preparing to revamp the Goods and Services Tax (GST) structure by Dussehra. The new plan includes two primary slabs of 5% and 18%, along with a 40% levy on luxury and sin goods. The proposal will be discussed in the upcoming GST Council meeting in early September, with implementation likely around the […]

Business

Adani Ports Q1 Revenue Rises 21% to ₹9,126 Crore

By BPN News Desk August 5, 2025

Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 21% year-on-year increase in consolidated revenue for the first quarter of fiscal year 2026, reaching ₹9,126 crore. The growth was driven primarily by strong performance in the logistics segment, which doubled in revenue, and marine services, which saw nearly a threefold increase. Profit and EBITDA […]

Business

Cognizant Q2 Profit Up 14%, Lifts Annual Guidance

By BPN News Desk July 31, 2025

Cognizant reported a 14% rise in net profit for the second quarter of 2025, reaching $645 million, or $1.31 per share, surpassing market expectations. Revenue stood at $5.25 billion, showing an 8.1% increase year-on-year, driven by steady demand across key sectors and geographies. Full-Year Outlook Raised Buoyed by better-than-expected results, Cognizant revised its