From October 1, banks will provide customers the option to choose from multiple card networks like Visa, MasterCard, and Rupay for their debit, credit, and prepaid cards.

On July 5, the Reserve Bank of India (RBI) had released a draft circular on changing the arrangements between card networks and banks and non-bank entities authorised to issue cards.

State-run Indian Oil Corporation (IOCL) on Friday approved two joint ventures with private sector players for setting up compressed biogas (CBG) plants. The announcement is expected to provide a fillip to the Centre's plans to establish 5,000 commercial CBG plants by 2024-25 under the Sustainable Alternative Towards Affordable Transport (SATAT) scheme.

In a regulatory filing, the company said its board of directors has given the nod to environmental and sustainable solutions provider EverEnviro Resource Management Pvt Ltd and clean fuel technology company GPS Renewables Pvt Ltd.

Jalan Kalrock Consortium (JKC), the winning bidder for the revival of grounded carrier Jet Airways, on Friday said it has infused an additional Rs 100 crore in the airline as per the court-approved resolution plan.

The consortium has “fulfilled” its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jet Airways, JKC said in a statement.

Japan’s Sony Group said its Indian unit’s merger with Zee Entertainment Enterprises is expected to be completed “in the months ahead.”

The transaction was initially expected to be closed by the end of September, it said in a statement to the American stock exchanges.

Sajjan Jindal’s JSW Group is making yet another attempt to turn its cement and ports businesses into success stories. Both have a history of missed timelines. While the ports business has made headway, analysts remain uncertain about the prospects of the cement subsidiary.

The ports vertical, JSW Infrastructure, closed its Rs 2,800 crore initial public offering (IPO) on Wednesday, and was subscribed 37.37 times.

India's Vedanta Ltd said on Friday it plans to spin off and list six of its businesses as the metals-to-oils conglomerate seeks to fuel their growth.

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited.

Congress leader and general secretary Randeep Singh Surjewala on Thursday said that a race was going on among senior Bharatiya Janata Party (BJP) leaders from Madhya Pradesh to avoid contesting the upcoming assembly elections.

The ruling BJP has declared 79 candidates for the elections till now, including Union ministers Narendra Singh Tomar, Prahlad Patel and party general secretary Kailash Vijayvargiya.

Tata Consultancy Services (TCS) has retained the top spot as India’s most valuable brand, with a value of $43 billion, according to Kantar’s BrandZ India ranking.

“TCS remains a strong brand as it continues to have a very strong corporate reputation. They are seen as trustworthy, which helps them get repeat business. Their ability to attract strong talent also helps in creating value,” Deepender Rana, executive managing director, South Asia, insights division, Kantar, told Business Standard.

Ashwin Dani, the billionaire co-owner of India’s largest paint firm, Asian Paints, passed away at the age of 81 on Thursday. He is survived by his wife Ina Dani and three children, Jalaj, Hasit, and Malav.

Bloomberg estimated Dani’s networth at approximately $7.1 billion as of Wednesday. His networth increased by $526 million since January this year as the company’s sales revived after the pandemic.

The price of 24-carat gold dipped Rs 650 during Friday's early trade, with ten grams of the precious metal selling at Rs 58,800, according to the GoodReturns website. The price of silver fell sharply by Rs 500 to Rs 73,700 per kilogram.

The price of 22-carat gold fell Rs 600 to Rs 53,900.

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