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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.

Trump eases restrictions on use of dyed diesel in bid to cut fuel costs

Trump eases restrictions on use of dyed diesel in bid to cut fuel costs

President Donald Trump on Monday signed an executive order to ease restrictions on the use of a tax-exempt variety of diesel, his latest bid to pare costs for the fuel ahead of November’s midterm elections.

Trump signed the order during an event in Grand Island, Nebraska, part of a month-long blitz to rally Republican voters before an election that threatens to cost the president’s party control of Congress.

Several states seek extra power to avoid outages as supply tightens

Several states seek extra power to avoid outages as supply tightens

Several Indian states are seeking additional power allocations from the federal government to avoid outages as weak hydropower output and maintenance at some plants ​have reduced electricity supply during the night, two federal government officials said.

Rajasthan and ​Gujarat, among India's leading renewable-energy states, have sought additional supplies.

India, US have reached a plateau in trade talks, says FM Nirmala Sitharaman

India, US have reached a plateau in trade talks, says FM Nirmala Sitharaman

India and the United States have reached a ​plateau in their trade deal talks, ​India's Finance Minister Nirmala Sitharaman said on Monday, ‌a further sign that the two sides have hit a wall on a crucial deal.

Giving or taking more beyond that plateau would be "very, very difficult" for both countries, Sitharaman said at an event in New Delhi.

Shyam Metalics signs MoU for ₹50,000 crore steel plant in Maharashtra

Shyam Metalics signs MoU for ₹50,000 crore steel plant in Maharashtra

Shyam Metalics & Energy Ltd has signed a memorandum of understanding (MoU) with the Maharashtra government to set up a 9 million tonnes per annum (MTPA) integrated steel complex in Chandrapur, involving a proposed investment of ₹50,000 crore, the company said in an exchange filing on Monday.

The project, one of the largest proposed single industrial investments in the Vidarbha region.

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