Withdrawal of service charges on rail ticketing, while helping promote digital transactions after demonetisation, may derail the proposed listing of Indian Railway Catering and Tourism Corporation (IRCTC) in the current financial year, sources told FE. However, sources said, preparation for listing of two other railway PSUs —Indian Railway Finance Corporation (IRFC) and IRCON — are well on course and their IPOs are expected to hit the market by September.

Indian shares fell on Wednesday, heading for the fourth session of fall in five, as investors exercised caution ahead of the start of the earnings season, while sentiment was also hit by geopolitical concerns. After hitting a record high of 9,273.90 points last week, the broader NSE index has fallen about 0.9 percent as investors wait for corporate results, with Infosys Ltd due to report on Thursday.

Global markets have also been under pressure over North Korea and Syria tensions, further sapping sentiment.

Shares of Karnataka Bank slumped nearly 3 per cent today after top private lender ICICI Bank clarified that almost all shares held by it in the company were on behalf of equity broker clients as security. The clarification came a day after Karnataka Bank saw its shares soar by nearly 9 per cent yesterday following its latest shareholding data showing ICICI Bank holding over 1 per cent stake in the company.

NEW DELHI: Accounts opened from July 2014 to August, 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30 and self-certify them to comply with FATCA regulations (Foreign Tax Compliance Act), the tax department said on Tuesday.

In case the account holders are unable to furnish details and provide self-certification by the new deadline, banks and financial institutions have the option of blocking the accounts.

The 50 largest US companies, including Apple, Microsoft and Wal-Mart, are parking about $1.6 trillion in offshore tax havens to reduce their US tax burden, according to a study published today.

Poverty-fighting organisation Oxfam America said the sum for 2015 was a $200 billion increase over the prior year. The report cites the companies' own data.

India's state-owned fuel retailers plan to implement daily revision of fuel price in five cities from May 1 ahead of a nationwide roll out of the scheme, industry sources said.

To begin with, daily revision of fuel prices will be implemented in Puducherry and Vizag in southern India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North, they said.

Former cricketer Sachin Tendulkar and former actor Rekha have very poor attendance in the Rajya Sabha among the 12 nominated members, according to an analysis by Factly.in, a data journalism portal.

While Tendulkar has attended 23 of the 348 days since his nomination in 2012, Rekha has attended 18. Further, Rekha has not attended more than a single day in any session since her nomination in 2012.

Hackers can steal your PINs and passwords just from the motion of your phone when you type in the information, warn experts who have unveiled how easy it is for malicious websites and installed apps to spy on you. Cyber experts at Newcastle University in the UK have shown it is possible to crack four-digit PINs with a 70 per cent accuracy on the first guess – 100 per cent by the fifth guess – using just the data collected via the phone’s numerous internal sensors.

ITC Limited, the diversified conglomerate with business interests in cigarettes, FMCG, lifestyle, apparels, hospitality and more, is looking to increase its share in the packaged fruit juice market in India to about 20% in the next five years from 7% at present, the company’s food division’s head Hemant Malik said. ITC started out in the juice segment in 2015 by acquiring B Natural brand.

The FMCG company is the third largest juice maker, after Dabur, which is in the top spot with its Real and Real Activ brands, and PepsiCo India’s Tropicana, which is at the second position.

Bookings for the 2017 Hyundai Xcent facelift have been opened across the country at an amount of Rs 10,000, as per confirmation provided by a showroom in Delhi. We reported earlier that the new car will be launched in India on 20th April. The Xcent facelift will take design inspiration from the Grand i10 both inside and out. While the car will receive major cosmetic changes, it will also borrow the new 1.2 litre diesel engine from the Grand i10.

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