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Oppn MPs head for sit-in protest at Jantar Mantar after solidarity lunch

Oppn MPs head for sit-in protest at Jantar Mantar after solidarity lunch

Opposition MPs of the INDIA bloc decided to hold a sit-in at Jantar Mantar on Wednesday to raise the issue of 'vote chori' and seek the ouster of Chief Election Commissioner Gyanesh Kumar, a day after their eight-hour dharna to press for a meeting with election commissioners.

A large number of MPs of opposition parties got together for lunch at a restaurant at Janpath in central Delhi hosted by Congress president Mallikarjun Kharge.

Sebi shares trade data with Jane Street, seeks response to allegations

Sebi shares trade data with Jane Street, seeks response to allegations

India’s markets regulator told a local court that it has shared with Jane Street Group LLC the trade logs it relied upon for its preliminary order against the Wall Street trader, pressing the firm to respond to the accusations of market manipulation.

The Securities and Exchange Board of India has provided time, quantity and pricing details of actual trades, Gaurav Joshi, a lawyer for the regulator, said. Until Monday, Jane Street’s lawyer had argued that most of the information in the trade logs was redacted.

Starlink waiting for final India clearances, says senior SpaceX executive

Starlink waiting for final India clearances, says senior SpaceX executive

Starlink is ready to work with India and is hopeful of receiving approvals soon to begin services, a senior executive of American billionaire Elon Musk’s satellite broadband provider said on Wednesday, noting that the company has built its operations specifically for the country’s security requirements.

Bajaj Finance raises FD rates by up to 40 bps after RBI rate hike

Bajaj Finance raises FD rates by up to 40 bps after RBI rate hike

Bajaj Finance, one of the largest deposit-taking non-banking financial companies (NBFCs), on Wednesday raised interest rates on fixed deposits (FDs) by 15-40 basis points (bps) across tenures of 12 to 60 months, with the revised rates effective October 7.

The move follows the Reserve Bank of India’s (RBI’s) six-member Monetary Policy Committee (MPC) raising the policy repo rate by 25 bps to 5.50 per cent from 5.25 per cent and changing its stance to calibrated tightening.

RBI allows account aggregator interoperability, enables CAS bank deposits

RBI allows account aggregator interoperability, enables CAS bank deposits

The Reserve Bank of India (RBI) will introduce interoperability among NBFC-Account Aggregators (NBFC-AAs), allowing people to access and share their financial data across different providers through a single aggregator of their choice.

The central bank will also facilitate depositories regulated by the Securities and Exchange Board of India (Sebi) to include information about bank deposit accounts in their Consolidated Account Statement (CAS) through NBFC-AAs.

Reliance drives India's Venezuela oil imports to seven-year high in Oct

Reliance drives India's Venezuela oil imports to seven-year high in Oct

India’s imports of Venezuelan oil are set to surge to the highest in almost seven years this month, as steep discounts lure refiners such as Reliance Industries Ltd. while Russian supplies become costlier.

Venezuelan crude deliveries to India are expected to more than double to about 465,000 barrels a day this month, from 196,000 in September, according to Kpler estimate.

Cabinet approves new body to integrate transport and logistics planning

Cabinet approves new body to integrate transport and logistics planning

The Union Cabinet on Tuesday approved setting up a Special Purpose Vehicle (SPV) to strengthen research, planning, appraisal, monitoring and impact assessment in the broad domains of transportation and logistics.

The SPV, to be called the Integrated Transport & Logistics Authority (ITLA), is expected to enhance the efficiency, sustainability and effectiveness of transport infrastructure development in India by fostering greater coordination and multimodal integration.

Centre expands permissible works under VB-G RAM G by 41% over MGNREGA

Centre expands permissible works under VB-G RAM G by 41% over MGNREGA

The Centre has expanded the number of permissible works under the Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB–G RAM G), which replaced MGNREGA from July 1 across India, to 375 from the 266 permitted earlier under MGNREGA, marking a 41 per cent increase, according to a statement issued by the Ministry of Rural Development on Tuesday.

Reliance gets court relief over FSSAI ban on Campa's 'energy drink' label

Reliance gets court relief over FSSAI ban on Campa's 'energy drink' label

The Delhi High Court on Tuesday allowed Mukesh Ambani-led Reliance Industries to continue marketing its Campa brand products as “energy drinks", Reuters reported.

The relief came after the Food Safety and Standards Authority of India (FSSAI) in June directed makers of high-caffeine beverages sold as “energy drinks” to stop using the description. In response, Reliance Industries sued the food regulator on October 1.

Jio Platforms targets $114 bn valuation for IPO, listing likely by Oct 30

Jio Platforms targets $114 bn valuation for IPO, listing likely by Oct 30

Jio Platforms Ltd. is likely to seek a valuation of about ₹11 trillion ($114 billion) in its planned initial public offering, according to people familiar with the matter, falling short of earlier expectations for what may still be the country’s largest-ever listing.

The telecom and digital services arm of billionaire Mukesh Ambani’s Reliance Industries Ltd.

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