In a relief to banks, the Supreme Court on Friday set aside an order of the National Consumer Disputes Redressal Commission (NCDRC) that capped credit card interest rates at 30% per annum on late bill payments. The top court ruling has put an end to a 16-year-old case.

A bench of Justices Bela Trivedi and Satish Chandra Sharma was hearing petitions by banks such as Standard Chartered Bank, Citibank, American Express, and Hong Kong and Shanghai Banking Corporation (HSBC)

India's Bharat Petroleum Corp Ltd has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.

The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said.

Billionaire Gautam Adani's group will invest about Rs 28,000 crore in setting up a ultra-super critical thermal power plant as well as expanding cement production capacity, food processing and logistics business in Bihar as the ports-to-energy conglomerate charts aggressive growth plans.

Pranav Adani, Director, Adani Enterprises Ltd, made the announcement at the Bihar Business Connect 2024 here. The group is aggressively pursuing growth strategy, expanding in core business and pursuing new opportunities.

Over 14,000 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) have been opened in the country as on October 21 to provide quality generic medicines at affordable prices, Union Health Minister J P Nadda told the Lok Sabha on Friday.

Under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) Scheme, 2,047 types of medicines and 300 surgical devices have been brought under its ambit, including cardiovascular, anti-cancer, anti-diabetic drugs, he said in a written response to a question.

Indian Oil Corporation (IOC) -- the nation's top oil firm -- will invest over Rs 21,000 crore to expand the Barauni refinery in Bihar as well as in setting up a city gas distribution network across the state, a senior executive said on Thursday.

IOC is expanding its Barauni refinery to 9 million tonnes per annum from current 6 million tonnes together with a petrochemical plant at a cost of about Rs 16,000 crore and invest another Rs 5,600 crore in setting up network to retail CNG to automobiles and piped cooking gas to households and industries in 27 cities of Bihar, company Executive Director Suman Kumar said while speaking at the Bihar Business Connect 2024 investor summit here.

The air quality in Delhi continues to remain at alarming levels, with the Air Quality Index (AQI) recorded 434 at 8 am on Friday, slightly lower than Thursday’s 448 but still classified as ‘severe’, according to the Central Pollution Control Board (CPCB).

Despite the enforcement of Stage-IV measures under the Graded Response Action Plan (Grap), pollution levels show little respite.

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years. The finance ministry has invited feedback by February 13 from stakeholders on the draft Bill, titled BULA (Banning of Unregulated Lending Activities), which aims to address both traditional and digital lending.

Ahead of the 2025 Delhi Assembly elections, the Aam Aadmi Party (AAP) is actively shaping its strategy, focusing on social welfare, economic growth, and infrastructure development. To strengthen its appeal and address diverse voter concerns, the party has launched several key initiatives.

Congress MPs including KC Venugopal, K Suresh and Manickam Tagore wrote to Lok Sabha Speaker Om Birla and alleged that the INDIA Bloc MPs were physically obstructed from entering and Leader of Opposition Rahul Gandhi was physically manhandled by three MPs from the ruling party.

The Indian rupee fell past 85 to the US dollar for the first time on Thursday after the US Federal Reserve indicated a more measured pace of rate cuts, triggering uncertainty across financial markets.

The US cut interest rates by 25 basis points to bring down the Fed Funds rate to 4.25-4.50 per cent. The rupee was trading at 85.06 per dollar a little after 11am. The yield on the 10-year benchmark government bond rose by 4 basis points and was trading at 6.79 per cent.

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