The West Bengal government on Monday sanctioned the prosecution of former R G Kar Medical College and Hospital principal Sandip Ghosh in connection with a case of financial irregularities linked to the institution.

An order issued by the Department of Health and Family Welfare stated the governor, being the competent authority.

India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs.

The world’s top edible oil buyer is examining whether higher taxes would help local farmers fetch better prices for their crops, according to a person familiar with the matter.

The US Treasury will extend a sanctions waiver allowing purchases of Russian seaborne oil for another 30 days to aid “energy-vulnerable” countries cut off from Gulf oil supplies, Treasury Secretary Scott Bessent said on Monday.

Bessent said the Treasury was issuing the 30-day general licence after a previous waiver lapsed on Saturday.

Petrol and diesel prices were hiked by about 90 paise per litre on Tuesday, marking the second increase in fuel rates in less than a week after state-run oil firms ended a nearly four-year freeze on revisions.

The increase pushed petrol prices in New Delhi to ₹98.64 per litre from ₹97.77, while diesel rose to ₹91.58 from ₹90.67, according to industry sources.

Reliance Industries Ltd. is in talks with Chinese battery behemoth CATL and other global suppliers to procure parts for battery energy storage systems, according to people familiar with the matter, as India’s largest company seeks to advance its renewable energy ambitions in the face of China’s tech curbs.

The talks could pave the way for Reliance to have a second major source of battery components at its upcoming facility in Jamnagar, a city in the state of Gujarat, said the people, who asked not to be identified because the discussions are private.

The Trump administration on Monday moved to dismiss criminal fraud charges against Indian billionaire Gautam ​Adani, while also settling alleged Iran sanctions violations involving ​one of his companies.

The resolution of outstanding cases against one of the ‌world's richest people came after Adani's attorney, who is also a personal attorney of US President Donald Trump.

The Food Corporation of India (FCI) is set to raise short-term debt of Rs 50,000 crore from scheduled banks for a three-month tenure, with a green shoe option to mop up an additional ₹25,000 crore, a senior government official said on Monday.

The funds are being raised to bridge cash flow mismatches arising from procurement and distribution of foodgrains.

To encourage use of public transport, the Delhi Transport Corporation (DTC) will run special buses for Delhi government employees to travel from their residence to the nearest metro station and then to the Delhi Secretariat, officials said on Monday.

The move comes amid intensifying efforts by the Delhi government to encourage use of public transport in the wake of fuel concerns linked to uncertainties in West Asia.

India's finance ministry directed state-run banks, insurers and financial institutions on Monday to ​implement cost-cutting measures, including sharp curbs on travel ​and a phased transition to electric vehicles, according to ‌an order reviewed by Reuters.

The order, part of a broader austerity push, will cover institutions like the State Bank of India.

State-owned Bank of India has increased interest rates on select medium and long-term fixed deposits of less than ₹3 crore, with the revised rates coming into effect from May 18.

The bank has raised the interest rate on deposits with maturity between one year and less than two years to 6.5 per cent per annum.

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