Rail passengers could face a fine of up to ₹1,000 or imprisonment for up to six months for playing music or videos on speakers and making loud phone calls inside trains and railway premises, following a directive issued by Southern Railway.

The railway zone has asked its divisions to make announcements and display notices warning passengers against behaviour that disturbs fellow travellers.

Sweden's Truecaller said on Monday it expected Indian authorities to seek a ​tax claim of about 900 million Swedish ​crowns ($90.85 million), including interest, after auditing its ‌transfer pricing in the country.

A transfer price is the actual price charged in a transaction between related entities, according to India's Income Tax website.

The Orissa High Court has quashed a penalty of ₹696 crore imposed by the mining authorities on JSW Steel in Joda, Odisha, the company said on Sunday. The court also set aside a separate demand of ₹1,473 crore against the company and directed the authorities to reconsider the matter, CNBC TV18 reported.

The Reserve Bank of India's first liquidity infusion ​in more than three months drew robust demand from banks on Monday, as overnight borrowing rates held near the ceiling of the monetary policy corridor.

The operation comes after several months of the central bank absorbing surplus liquidity that hit a record high ‌due to hefty inflows from diaspora deposits ​mobilised to defend a ​weak rupee.

Three men suspected to be involved in the firing at actor Tiger Shroff were detained in Rajasthan's Kota from a train coming from Mumbai on Monday, a police official said.

"The three suspects have been detained by Kota city police today at Kota station," the official told PTI.

India’s battered equ ity-derivatives market may extend its nascent recovery after the regulator reverted to an earlier mechanism to settle prices, easing confusion that has weighed on trading activity.

That’s the initial takeaway from market players after the Securities and Exchange Board of India said late Thursday that derivative settlements on expiration days would use the volume-weighted average prices of underlying stocks during the final 30-minutes of continuous trading.

Billionaire Mukesh Ambani is looking to activate the vast workforce of Reliance Industries Ltd. to drum up interest in the blockbuster initial public offering of his empire’s telecom and digital services arm Jio Platforms Ltd., even bringing forward some salaries to give employees access to investable cash.

India wants to promote trade settlements in rupee to help partner countries facing a shortage of hard currencies so that they continue importing essential goods, Finance Minister Nirmala Sitharaman said on Friday.

When countries struggling to access hard currencies often face difficulties in maintaining trade despite their need to import goods, and local currency settlements could help address the problem.

Mutual funds have stopped accepting fresh investments in their gold fund of funds (FoFs) from Friday. The restrictions, which mutual fund (MF) officials said were imposed on the instructions of the Securities and Exchange Board of India (Sebi), come amid concerns over the current account deficit and continued pressure on the rupee.

The Indian economy is expected to grow by 7.1-7.3 per cent in the current fiscal, with a sustained revival in private investment providing an additional source of demand, Deloitte India said on Friday.

However, geopolitical tensions, volatile energy prices and trade disruptions pose risks to the growth outlook, it added.

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