Tightening the norms for issuance of e-way bill, the GST Network has made it mandatory for businesses and transporters to mention PIN codes of places of loading and unloading of consignments. Quoting of PIN codes will help in calculating the correct distance and determine the validity of the e-way bill, …

Hindustan Oil Exploration Company Ltd. (HOEC) has signed a revenue sharing contract with the Government of India for the exploration block in Assam it won under the Open Acerage Licensing Policy (OALP) Bid Round I. The bid round-I of OALP was launched in January 2018 under the liberalised Hydrocarbon Exploration …

BoI has highest exposure with Rs. 2,388 cr., followed by SBI at Rs. 2,140 crore Lenders to the crisis-hit Infrastructure Leasing and Financial Services, which has dues of Rs. 34,480 crore are keeping their fingers crossed. Almost all the public sector banks have exposure to the group companies of IL&FS. …

With banks stopping refinancing and major shareholders not agreeing on fresh equity infusion, IL&FS started facing a liquidity crunch leading to loan defaults, according to a former board member. As long as banks were refinancing, there was no asset-liability mismatch. However, such refinancing started drying up since 2015, which forced …

Move will provide additional return of Rs. 62,635 crore to farmers: Centre In what should come as a boost to farmers, the Union Cabinet on Wednesday approved raising the minimum support prices of rabi crops such as wheat, barley, gram, masur, rapeseed and mustard, and safflower for 2018-19. “Giving a …

Firm had a non-functioning Risk Management Committee that met just once, says govt.Default by firm could have led to cancellation of licences of 1,500 smaller NBFCsConsolidated group loss of Rs. 2,670 cr. in2017-18 and a leveraging of 13 times equity Concerns of a “catastrophic” impact on the financial markets if …

Seeks to overcome differences, unite fractious parties Veteran Iraqi politician and now Prime Minister designate Adel Abdel Mahdi on Wednesday began the tough task of forming the next government, seeking to overcome sharp differences and unite fractious political parties. In a surprise move on Tuesday, new President Barham Saleh handed …

They harnessed the power of evolution to produce novel proteins Two Americans and a Briton won the 2018 Nobel Prize for Chemistry on Wednesday for harnessing the power of evolution to produce novel proteins used in everything from environmentally friendly detergents and biofuels to cancer drugs. The fruits of this …

Former President of the Maldives and exiled leader Mohamed Nasheed on Wednesday said he intends to return to the troubled island nation soon, “come what may”. Regarded a “fugitive” by the outgoing President Abdulla Yameen’s administration, Mr. Nasheed has been living in exile the last couple of years, largely in …

Multiculturalism is robbing Britain of its communities, wrote Shaun Bailey The Conservative Party found itself mired in a controversy after it emerged that its candidate for London Mayor Shaun Bailey had written a pamphlet warning that multiculturalism was robbing Britain of its communities, pointing to the celebration of Hindu and …