The Supreme Court today questioned the Centre for making Aadhaar mandatory for procuring Permanent Account Number (PAN) card.

Attorney General Mukul Rohatgi, appearing for the Centre, told a bench headed by Justice A K Sikri that they have found that people were giving details of PAN cards which have been procured on the basis of fake documents.

Reliance Industries (RIL) gained 3% to Rs 1,411 on BSE in intra-day trade in an otherwise range-bound market after the company on Thursday announced commissioning of the second and final phase of paraxylene project at Jamnagar in Gujarat.

"With the commissioning of this plant, RIL's PX capacity will be more than double. Reliance will emerge as the world's second largest producer of PX with about 11% of global production," the company said in a statement.

New telecom operator Reliance Jio's average download speed at 16.48 mbps was almost double of its rivals Idea Cellular and Bharti Airtel's in March, a report by telecom regulator Trai has showed.

Average download speed on Reliance Jio network was 16.48 megabit per second (mbps) in March against 8.33 mbps on Idea Cellular's and 7.66 mbps on Bharti Airtel's network, the monthly report by Trai showed.

The proposed merger of telecom giants Reliance Communication (RCom) and Aircel has triggered a debate over the kind of disclosures necessary on the valuation of companies.

RCom, the listed firm belonging to the Anil Ambani group, proposes to demerge its telecom business and transfer the same to Aircel. After this, the company will own a 50 per cent stake in Aircel. As required under law, the company has obtained a valuation report from an independent valuer and disclosed it. The court-convened meeting to approve the proposal is coming up next week.

For all the hurdles faced by lenders, there are bank bonds out there that investors can't get enough of. State Bank of India’s (SBI’s) perpetual notes — so called because they lack a fixed maturity date — are being hoarded and hunted by traders betting the nation's biggest lender will buy them back within the next 10 weeks as it puts its capital structure in line with Basel regulations.

That’s created a trading opportunity for investors like Carl Wong of Nexus Investment Advisors and Raj Kothari of Jay Capital, who say SBI’s perpetual bonds are the only notes that have yet to be redeemed as part of the revamp.

The 3 Municipal Corporations of Delhi will be heading to polls on April 23 (Sunday). The results of these polls are to be announced on April 26. The Municipal Corporation of Delhi governs over 1.90 crore people, according to India Today and is considered to be one of the largest civic bodies in the world. Around 132,00,000 voters would be casting their votes in the civic polls in 10,000 polling stations. The counting of the votes will be taking place in 34 counting stations. 114 out of 272 seats going for polls have been reserved for women in the civic body polls.

Labour Minister Bandaru Dattatreya said on Thursday that the Finance Ministry has approved 8.65% interest rate on EPF for 2016-17.

The ratification of the 8.65% on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers. "Finance Ministry has agreed to 8.65% rate of interest. Now, the communication will come. The formal discussions are over," the minister said.

Talent shortage is acute in the IT and data science ecosystem in India with a survey claiming that 95% of engineers in the country are not fit to take up software development jobs.

According to a study by employability assessment company Aspiring Minds, only 4.77% candidates can write the correct logic for a programme -- a minimum requirement for any programming job.

Mumbai: The Securities and Exchange Board of India (Sebi) plans to enhance surveillance of commodity brokers ahead of introducing a unified licence for intermediaries. The capital market regulator’s board will consider this issue when it meets on 26 April, two people with direct knowledge of the matter said.

The increased surveillance will happen through a so-called risk-based supervision system that focuses on identifying, measuring and mitigating risk—which is already in place for equity brokers. This will be part of the overall operation framework for a unified licence for commodity and equity brokers, said the people cited.

US tech giant Microsoft has announced a new feature wherein users can now just use their smartphone to sign in to their account. The company is enabling the new option as part of the iOS and Android Microsoft Authenticator app. “The process is easier than standard two-step verification and significantly more secure than only a password, which can be forgotten, phished, or compromised,” said Alex Simons, Director of Program Management, Microsoft Identity Division, in a statement.

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