The Supreme Court on Friday put a partial stay on the implementation of the provisions in the Income Tax (I-T) Act making Aadhaar number mandatory for allotment of PAN card and filing of income tax returns (ITR).

However, the apex court upheld the validity of Section 139AA of the I-T Act, subject to the outcome of the batch of petitions before its Constitution bench which is examining if the Aadhaar scheme infringes on the Right to Privacy and if there is threat of data leakage.

Social media giant Facebook is planning to secretly watch and record users through their webcams and smartphone cameras.

"According to a newly discovered patent, the company will use technology to see how facial expressions of users change when they come across different types of content on the site," Independent.co.uk reported on Friday.

Bharat Sanchar Nigam Ltd (BSNL) is mulling to revise its home broadband tariffs to counter the entry of Reliance Jio’s fibre-to-the-home (FTTH) broadband service, according to a report in the Economic Times.

According to the Telecom Regulatory Authority of India (TRAI), BSNL leads the wired broadband market with almost 10 million subscribers. The state-run company currently offers FTTH based broadband connection for as low as Rs 799 under which the subscriber gets 10 GB of broadband data at 4 Megabits per second (Mbps).

State-owned fuel retailer Hindustan Petroleum has received environment clearance for expansion of Ramanmandi Bahadurgarh Petroleum Products Pipeline (RBPL), whose project cost is Rs 230 crore.

Hindustan Petroleum Corp Ltd (HPCL) operates a 243 km long cross-country pipeline RBPL for transportation of various petroleum products. Its existing capacity is 4.71 million tonnes per annum and the company has proposed to enhance up to 8 million tonnes per annum for transportation of additional petroleum products.

The long-term wage settlement (LTS) between the Tata Motors Sanand Union and Tata Motors was amicably agreed upon and has been signed today for a period of 5 years, with effect from October 2015 to September 2020.

The total wage package allotted is Rs 16,000 and will be spread across the LTS term uniformly. In addition to the amount, the company has also introduced a performance-linked payment, which is accounted as 10% of total salary and will be linked to productivity, quality & safety.

Mumbai, Jun 8 () Country's largest lender SBI today said it has raised Rs 15,000 crore by selling 52.2 crore shares through qualified institutional placement (QIP), the largest share sale in the secondary market by a bank.

SBI had opened the share sale through private placement on June 5.

New Delhi, Jun 8 () Shares of Reliance Communications fell by more than 3 per cent today, continuing the downtrend on sluggish investor sentiment after Fitch and Moody's Investors Service further downgraded the company's credit ratings.

The stock went down by 3.10 per cent to close at Rs 18.75 on BSE. During the day, it declined by 3.61 per cent to Rs 18.65.

New Delhi, Jun 8 () Markets regulator Sebi has directed five URO Group firms and their directors to refund the money, which they had illegally collected from the public, within three months.

These five firms are -- URO Walkers, URO Infra Reality India, URO Infotech, URO Lifecare and URO Hygienic Foods.

Mumbai: State-run oil marketing companies Indian Oil Corp. (IOC) Ltd, Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) lost nearly 12 percentage points market share in the fuel retailing business to private firms such as Essar Oil, Reliance Industries Ltd (RIL) and Shell India in 2016-17 according to three officials at the state-owned firms.

It was expected, the three added, and the companies are launching measures to not lose any more share and regain some lost ground.

MUMBAI: HDFC Life and Max Life merger received another regulatory setback with the Insurance Regulatory and Development Authority of India rejecting the proposed merger in the current form.

HDFC Life and Max Life proposed four-leg merger last August where in the first leg Max Financial Services, a holding company, was to be merged with Max Life. That was to be followed by a demerger of the life insurance business, which would subsequently be merged with HDFC Life.

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