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On Monday, the RBI announced a Rs 1-lakh-crore variable rate repo (VRR) auction for the first time since late July after the weighted average call rate (WACR) at 5.67% on Monday, or 17 basis points higher than the repo rate of 5.50%. The central bank will conduct another VRR for Rs 50,000 crore on Wednesday.

Dozens of Air China passengers stranded in Cuba by successive cancellations were due to fly out on an extra flight on Monday, as a US oil embargo deepens the island’s energy crisis. The disruption has hit one of Cuba’s last direct air links to Europe, the Chinese carrier’s twice-weekly route between Beijing and Havana via Madrid. Air China added flight CA590 for travellers whose regular CA866 service was cancelled before October 10, the Chinese embassy said in a notice on Sunday. The flight was...

Honduran migration officials have summoned or placed under review 41 Chinese nationals after inspecting shops in the capital and a hospital being built by a state-owned contractor from China in the south of the country. Teams from the National Migration Institute, working with police and intelligence officers, interviewed 86 Chinese citizens at 54 shops in Comayaguela, Tegucigalpa’s twin city and main commercial district, and told 25 of them to report for further document checks. Migration...

India's government will consult stakeholders on measures to mitigate the impact of Chinese export constraints. China recently imposed new restrictions on heavy machinery, such as tunnel boring machines, set to take effect soon. Indian officials assert that there should be no significant slowdown in highway development despite these curbs. The domestic construction industry is becoming increasingly self-sufficient regarding general equipment needs.

The finance ministry is launching a campaign to saturate financial schemes across various local bodies. This initiative will reach 2.70 lakh gram panchayats and urban local bodies throughout India. Banks are expected to organize camps for enrolments and Aadhaar seeding for key schemes. The campaign will also involve updating nominations in savings accounts and providing other financial facilities.

Zelenskyy is grappling with recent Washington moves benefiting Russian President Vladimir Putin, including waiving U.S. sanctions on Moscow and signing a deal to import diesel from Moscow.

Mitsubishi will contribute technology in electric powertrains, autonomous driving and in-car intelligence for EV platforms developed by Foxconn, the companies said Monday during a news conference in Tokyo.

SAD president Sukhbir Singh Badal will launch the first phase on November 10 from Talwandi Sabo, covering more than 65 assembly constituencies in the Malwa region. The yatra will cover two constituencies every day, with Badal travelling by road in a specially designed bus and addressing party workers and gatherings along the route.

The Reserve Bank of India is implementing stricter scrutiny on large overseas direct investments by Indian companies. Banks must now collect and present detailed information regarding these investments to the RBI. This initiative aims to prevent potential losses for both the companies and the Indian economy. The RBI's checklist requires banks to conduct thorough due diligence on the rationale behind each investment.