Top Business Updates: Data Protection Rules, Adani's Liquidity, PSB Deposits, and More

The latest business news includes the government's upcoming draft data protection rules, Adani Group's liquidity status, a call for increased deposits by PSBs, and a 16-year contract extension for ONGC Videsh in Vietnam. Additionally, aggregate demand is rising, while Sensex and Nifty remain flat.

In the latest business updates, the government is set to release draft rules under the Digital Personal Data Protection Act within a month, according to Union Minister Ashwini Vaishnaw. This step marks a significant move towards bolstering data security and privacy in India.

Billionaire Gautam Adani's conglomerate reported having enough cash reserves to meet debt payments for over 30 months, ensuring robust financial health as all its businesses continue to perform optimally.

Finance Minister Nirmala Sitharaman met with public sector bank heads, urging them to actively work on increasing deposits as part of a special drive. This initiative aims to strengthen the banking sector's deposit base.

Meanwhile, India's ONGC Videsh Ltd secured a 16-year contract extension for oil and gas production in Vietnam, alongside gaining three years to explore another block in the contentious South China Sea waters.