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Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

Services sector back on growth track, job-creation at 7-yr high

Indian services sector activity returned to its growth track in March.

5 April 2018 12:01 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Crude oil futures up 0.68 per cent on global cues

At Multi Commodity Exchange, crude oil for delivery in current month rose by Rs 28 or 0.68 per cent.

5 April 2018 11:50 AM IST

India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project.

India to offer USD 3-4 billion development plan for Iran gas field

The new terms confine Indian companies to just production of gas and development of the field.

5 April 2018 11:28 AM IST

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt plans to have more National Company Law Tribunal benches

A case is admitted for resolution under the Code only after approval from the NCLT.

4 April 2018 8:03 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

LoU ban to impact financial flexibility of importers

The central bank stopped banks from issuing the two instruments for trade credits for imports into India.

4 April 2018 7:32 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

US tariff hike won't stop India from becoming top steel exporter: Govt

India's ambition to become a major steel exporter depends on a number of factors.

4 April 2018 7:20 PM IST

The Delhi Court on Wednesday sought the Centres and tax authority CBDTs response on a plea opposing the requirement of quoting Aadhaar number or linking it with PAN in e-filing tax returns.

Plea in Delhi HC against Aadhaar requirement for e-filing returns

The Delhi Court on Wednesday sought the Centre's and tax authority CBDT's response.

4 April 2018 7:13 PM IST

The latest amendment in the solar project bidding norms is positive for solar developers but uncertainty remains over the pending decision on safeguard duty, says a report by Icra.

Amendment in solar bidding norms positive, says Icra

Uncertainty remains over the pending decision on safeguard duty, says a report by Icra.

4 April 2018 6:48 PM IST

Average phone call tariff dropped by more than 60 per cent to 19 paise per minute.

Average phone call rate falls to 19 paise, data tariff to Rs 19

The average outgo for voice and data services in India have shown continuous downward trend.

4 April 2018 6:36 PM IST

Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said on Wednesday.

Mutual Funds add 32 lakh investors in 1 year on awareness campaign

It is mainly due to a spirited promotion campaign by the industry.

4 April 2018 5:31 PM IST

Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Clearing corp to ensure guarantee for settlement of trades: Sebi

Clearing corporations in the commodity derivatives segment will need to have a minimum liquid networth of Rs 50 lakh.

4 April 2018 3:09 PM IST

Injeti Srinivas said on Wednesday that the amendments, as and when implemented, would be prospective in nature.

Changes to insolvency law to be prospective: MCA official

The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).

4 April 2018 2:57 PM IST