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Using Aadhaar biometric data for investigating crimes not allowed: UIDAI

The statement from UIDAI came after NCRB Director Ish Kumar made a strong pitch for the police to be provided with limited access to Aadhaar data

ICICI receives complaints about 31 loan accounts from anonymous complainant

The statutory auditors were provided periodic updates and their inputs were factored into the enquiry process.

Legal challenge to 360-degree appraisal of IAS officers fizzles out

Officer who challenged it in court again found unfit to serve at Centre, but made Himachal Pradesh chief secretary

GST fails its biggest promise - formalisation of economy: HSBC report

The report, however, noted that over the long-term, GST will lead to more formalisation of the economy

Top Stories in last day


Power Ministry considers making 24 degrees as default setting in ACs

The temperatures settings in ACs will be in the range of 24 to 26 degree Celsius, it said


Italy refuses India's request to extradite AgustaWestland middleman Gerosa

In October last year, Italian authorities, on the basis of an Interpol notice sought by ED in connection with its money laundering probe in AugustaWestland case, arrested Gerosa but soon released him

Trump plans to impose 20% tariff on European cars in response to EU tariffs

The European tariffs on US items target politically resonant products, including 25 per cent duties on Harley-Davidson Inc. motorcycles, Levi Strauss & Co. jeans and bourbon whiskey

Govt may sell part of its stake in IDBI bank to India's top insurer LIC

India has been trying since at least two years to sell IDBI Bank


Opec agrees to oil-output boost after reaching last-minute Iran compromise

The accord is a much-needed show of unity from the Organization of Petroleum Exporting Countries and allies including Russia

Ruchi Soya's RP seeks 8-10 days to reply on issues raised by Patanjali

Patanjali group has sought information about the parameters adopted by the RP to declare Adani Wilmar as the highest bidder (H1) for Ruchi Soya

India to revive rupee trade mechanism for its oil payments to Iran: Source

Donald Trump said in early May that the United States would walk away from an international nuclear deal with Iran and impose renewed US economic sanctions on Tehran.


Vishal Sikka denies Teradata's IP theft charges, terms allegations baseless

He further stated that "as with all my endeavours, my work with SAP HANA was carried out with the highest integrity"


Nigeria beat Iceland 2-0 as Musa strikes twice; Over to you, Messi and Co.

Nigeria's win has kicked open the Group D with Argentina, Nigeria and Iceland all among the hopefuls to win the one spot left for the round of 16, along with Croatia.


ED moves court to declare Vijay Mallya as offender under new fugitive law

Officials said the agency filed an application before a Mumbai court under the recently promulgated Fugitive Economic Offenders Ordinance


Modi seeks double-digit growth for India's entry into $5-trn economy club

The world, he said, is watching as to when India will break into the $5 trillion economy club by doubling its economy


Neymar, Coutinho score in Brazil's hard-fought victory against Costa Rica

Brazil drew 1-1 with Switzerland in their opener last weekend, and Neymar was much criticised for his underwhelming performance

Intel CEO resigns after probe of relationship with employee

(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.


Trump's trade war has only emboldened protectionists, including in India

On Thursday, India raised tariffs on the usual complicated list of imports from the U.S., such as walnuts, phosphoric acid and apples

India, top buyer of US almonds, hits back with 120% duty on import

The move to increase tariffs from Aug. 4 will also cover a slew of other farm, steel and iron products


MARKET WRAP: Nifty ends firmly above 10800, Sensex up 257 pts; pharma gains

Markets edged up on Friday, even as broader global markets remained weak

Thursday, Jun 21

Sebi tweaks norms to aid fund-raising, caps tenure of MD & CEO of exchanges

Sebi also allowed mutual funds and insurers related to the investment banker handling an IPO to participate in the anchor investor category, where shares are allotted on a discretionary basis

After Governor's rule, NSG to be deployed for anti-terror ops in J&K soon

The teams will be kept at the disposal of the Jammu and Kashmir Police, which is the nodal agency for all anti-militancy operations

Sebi tweaks IPO norms, intends to rationalise FPI, MF regulations

Shareholding of foreign holding will be harmonised to 15% in Market Infrastructure Institutions

India hits back at US with higher import duties on farm, steel products

India's move came a day after the EU's decision to charge higher import duties on a range of US products

Wednesday, Jun 20

Arvind Subramanian resigns before term; Jaitley announces CEA exit on FB

Chief Economic Advisor Arvind Subramanian informed me that he would like to go back to the US on account of pressing family commitments, Jaitley wrote in Facebook post

After an eventful tenure, CEA Arvind Subramanian bids farewell

The biggest impact he has left on the policy and economic landscape are through his economic surveys

Bank of Maharashtra CMD Ravindra Marathe arrested in Rs 30bn DSK Group scam

The 83-year-old Pune-headquartered Bank of Maharashtra is ranked among the major public sector banks in India

Critical lapses, blatant violations led to Nirav Modi fraud: PNB report

The report said that it is "incomprehensible" that branch staff did not notice the fraud being committed

Tuesday, Jun 19

Probe into 80,000 shell firms hits dead end as govt fails to trace PANs

The government had sent notices to 226,000 companies for not filing statutory returns

Dow Jones slides as Donald Trump ratchets up trade war with China

Trump ordered up identification of $200 bn in Chinese imports for additional tariffs of 10%, with another $200 bn after that if Beijing retaliates

DoT seeks legal opinion on Voda-Idea merger over former's spectrum holding

DoT is seeking opinion on whether fresh demand can be raised on Idea for differential amount between the market determined price and entry fee paid for administratively allocated spectrum of Vodafone

How the unfinished city of Lavasa became a nightmare for Indian banks

The Lavasa civic body is privately managed so residents have little access to its functioning or fund management

Monday, Jun 18

ICICI Bank appoints Sandeep Bakhshi as COO, Chanda Kochhar goes on leave

Bakhshi will report to Chanda Kochhar, who will continue in her role as MD and CEO. Bakhshi is at present the MD and CEO of ICICI Prudential Life Insurance Company.

No demographic dividend in India with 100 mn unskilled youth: Mohandas Pai

Because of the failure of the UPA era (2004-2014), we will add another 100 mn by 2025. A total 200 mn in the 21-45 age group with low skills, low education, says Pai

Arun Jaitley hints no cut in excise on oil, asks citizens to pay taxes

In an apparent dig at senior Congress leader P Chidambaram's remark that tax on oil should be cut by Rs 25 per litre, Jaitley retorted "this is a 'trap' suggestion"

MARKET WRAP: Indices end marginally lower; Nifty tests 10,800; metals drag

Markets ended marginally lower on Monday amid weak global cues

Sunday, Jun 17

NITI Aayog meet: Centre firm on 2011 as base year for Finance Commission

PM aims at pushing GDP growth to double digits, but says it is a challenge

Videocon case: ICICI Bank weighs leave for Chanda Kochhar till probe report

The ICICI board, which consists of 12 members, is divided on whether Kochhar should be on leave during the internal enquiry

Essar Steel lenders may not allow Numetal to change structure in second bid

The committee of creditors (CoC) may not allow Aurora Enterprises to be dropped from Numetal because this is not a fresh request for proposal (RFP)," a major lender said

Duty cut in oil should be accompanied by expenditure cuts to maintain deficit: Moody's

Rating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure.