BUSINESS HIGHLIGHTS
New Delhi, Aug 19 (PTI) Following are the top business stories at 2020 hours: DEL60 BIZ-LD DATA-PROTECTION **** Govt likely to release draft data protection rules within a month: Vaishnaw New Delhi: The government is likely to release draft rules under the Digital Personal Data Protection Act within a month, Union Minister Ashwini Vaishnaw said on Monday. **** DCM39 BIZ-LD ADANI-EBITDA **** Adani Group touts cash, says enough liquidity to meet 30 months debt payment New Delhi: Billionaire Gautam Adani's port-to-energy conglomerate on Monday said it has enough cash to cover more than 30 months of debt payments and that its businesses are firing on all cylinders. **** DEL51 BIZ-FM-LD BANKS **** FM meets heads of PSBs, asks banks to undertake special drive to garner deposits New Delhi: Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. **** DCM11 BIZ-OVL-VIETNAM **** OVL secures contract extension for Vietnam oil blocks New Delhi: India's flagship overseas oil firm ONGC Videsh Ltd has secured a 16-year contract extension for producing oil and gas in Vietnam, alongside getting three more years to explore a separate block in the contested waters of the South China Sea, officials said. **** DCM29 BIZ-RBI-ECONOMY **** Aggregate demand conditions gathering momentum with revival in rural consumption: RBI article Mumbai: Aggregate demand conditions are gathering momentum with a revival in rural consumption and are expected to reinvigorate the private sector investment, an article published in the RBI's latest Bulletin said. **** DEL37 BIZ-LD STOCKS **** Sensex, Nifty settle almost flat in lacklustre trade Mumbai: Benchmark equity indices Sensex and Nifty ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. **** DEL63 BIZ-LD RUPEE **** Rupee rises 8 paise to close at 83.87 against US dollar Mumbai: The Indian rupee appreciated by 8 paise to close at 83.87 against the US dollar on Monday, supported by a weak US dollar and a decline in crude oil prices. **** DCM16 BIZ-SBI-ECONOMISTS **** Deposit growth trailing credit concerns a "statistical myth" if seen since FY22: SBI Economists Mumbai: Concerns on the trailing deposit growth are a "statistical myth", as the overall quantum of deposits have outpaced credit since FY22, economists at the country's largest lender SBI said on Monday. **** DCM26 BIZ-RBI-DEPOSIT INSURANCE **** RBI for periodic revision of deposit insurance coverage Jaipur: A periodical upward revision of the deposit insurance coverage limit, currently at Rs 5, lakh, may be warranted considering multiple factors like growth in the value of deposits, inflation, and increase in income level, RBI Deputy Governor M Rajeshwar Rao has said. **** DCM31 BIZ-PRESIDENT-GEOSCIENCES-AWARDS **** President Murmu to hand over awards for contributions in geosciences New Delhi: President Droupadi Murmu will on Tuesday confer awards on individuals and teams for extraordinary achievements in various fields of geosciences, according to an official statement. **** DCM33 BIZ-RCAP-NCLT **** Reliance Group moves NCLT to restrain IIHL from using 'Reliance' brand name Mumbai: Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), a Reliance Group company, has filed an interim application in the NCLT, seeking direction to the Reliance Capital's successful resolution applicant IIHL to stop using the 'Reliance' brand name as soon as the resolution plan is implemented. **** DCM35 BIZ-RBI-INFLATION **** Broad-based moderation in prices of cereals, pulses, edible oil in Aug: RBI article Mumbai: A broad-based moderation was observed in prices of cereals, pulses and edible oil in August, according to an article on 'State of the Economy' in the latest RBI Bulletin released on Monday. **** PTI SGC SHW
