Meta, the parent company of Facebook, Instagram, and WhatsApp, led by Mark Zuckerberg, is contemplating the introduction of an ad-free subscription plan in India by 2024, according to a report by Mint published on Monday. This consideration comes on the heels of discussions to initiate a similar plan in the European Union (EU) in order to align with privacy regulations there.

An individual knowledgeable about the development was cited in the report, stating that the company has been in dialogue to explore avenues for monetising Meta on a global scale, including India.

Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore.

This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner.

Shares of Tata Consultancy Services (TCS) hit a 52-week high of Rs 3,634.70, up 1 per cent on the BSE in Monday's intraday trade, in an otherwise weak market after the company announced that it will consider a proposal to buyback equity shares at the meeting to be held on October 11, 2023. The company made the announcement on Friday after market hours.

In comparison, the S&P BSE Sensex was down 0.64 per cent at 65,571 at 09:30 AM.

Three bidders are in the race to acquire eight road projects of Reliance Infrastructure (RInfra), an Anil Ambani company, at an enterprise valuation of Rs 6,000 crore.

Bankers said the talks are at an advanced stage with Macquarie Group, Cube Highways and Kotak Alternate Asset Managers and the sale of the entire road portfolio of RInfra is expected by this month end.

As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: will the conflict spread to the rest of the region?

Crude traders don’t expect a massive price surge as there’s no immediate threat to supply. But all eyes are on Iran, a major oil producer and key backer of the Hamas group that launched this weekend’s offensive on Israel.

The government has approved the appointments of 12 general managers as executive directors (EDs) of various public sector banks (PSBs).

According to sources, the Appointments Committee of the Cabinet on Saturday approved the appointments of 12 EDs.

As per the government order, Sanjay Rudra, general manager, Bank of Maharashtra, has been appointed ED, Union Bank of India.

Amid the diplomatic sparring and souring of bilateral ties in the wake of Canadian PM Justin Trudeau's allegation of Indian involvement in the killing of Sikh separatist leader Hardeep Singh Nijjar, the Special Envoy and Coordinator, Global Engagement Centre, James Rubin said the standoff was a "tricky subject" as he sought cooperation into the investigation as far as it goes.

During a virtual press briefing on October 5, the US special envoy said, This is a tricky subject. Let me just say that we support Canada's investigation.

Finance Minister Nirmala Sitharaman on Friday chaired a meeting with the heads of Multilateral Development Banks and the co-conveners of the G20 Independent Expert Group for strengthening MDBs, NK Singh and Lawrence Summers.

Under its key priority of strengthening MDBs to address global challenges of the 21st century, the G20 India Presidency had constituted the G20 Independent Expert Group on Strengthening MDBs.

IT services firm Tata Consultancy Services announced on Friday that it will consider a share buyback when the company's board meets next week to approve its second-quarter financial results.

In a regulatory filing, the company stated, "Pursuant to Regulation 29(1)(b) of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on October 11, 2023."

As the West continues to provide aid for war-torn Ukraine, Russian President Vladimir Putin stressed that Ukraine would not survive for more than "a week" without Western military and financial aid, reported Al Jazeera.

Putin made this claim on the same day when the European Union official warned that the bloc could not replace the funding gap if the US's support dries up for Kyiv.

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