Markets regulator Sebi on Tuesday came out with the indicative format in its circular on the disclosures of distributors’ commission. Even board of the Association of Mutual Funds in India (Amfi) had discussed the issue of commission disclosures to distributors in consolidated account statement (CAS) from October 1, 2016.

In March, the Securities and Exchange Board of India (Sebi) had issued the circular stating that, fund houses should disclose actual commissions paid to the distributors in absolute terms during the half-year period.

Bangalore/New Delhi: Two Indian students are mounting a legal challenge to Facebook Inc., seeking to wind back changes to WhatsApp’s privacy policy that they say threatens the rights of millions of users.

Karmanya Singh Sareen and Shreya Sethi filed a public-interest litigation, akin to a class action, in the Delhi high court asking for a rollback of recent policy updates by the Facebook-owned messaging service. They asked the court to order the government to frame guidelines for messaging apps so that user privacy isn’t compromised.

State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd will tomorrow sign a pact to take 49 per cent stake in Adani Group’s Rs 5,000-crore Dhamra LNG project in Odisha.

While IOC will take 38 per cent, GAIL will pick 11 per cent stake in the proposed 5-million tonne a year liquefied natural gas (LNG) import terminal at Dhamra by 2018-19.

Two days after the attack at the army headquarters in Uri of Jammu and Kashmir, Pakistani troops on Tuesday violated cease fire along the Line of Control, PTI reported.

On Sunday, 18 jawans were killed and 19 injured in the terror strike a battalion headquarters of the Army, in which four ultras were neutralised.

MUMBAI: Benchmark BSE Sensex fell about 51 points in early trade on Tuesday on profit-booking in consumer durables, IT, metal and banking stocks amid weak Asian cues as investors turned cautious ahead of key policy meetings of the Federal Reserve and Japanese central bank.

The 30-share index fell 50.70 points or 0.17 per cent to 28,583.80. The gauge had gained 280.96 points in the previous four sessions.

Seattle: There are hundreds of new cancer drugs in development and new research published minute to minute, helping doctors treat patients with personalized combinations that target the specific building blocks of their disease. The problem is there’s too much to read and too many drug combinations for doctors to choose the best option every time.

State Bank of India chairman Arundhati Bhattacharya on Monday said non-performing assets (NPAs) in banks will reduce as demand returns in the economy and capital utilisation by industrial units increases.

NEW DELHI: The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.

ONGC Videsh Ltd (OVL) has stakes in 37 oil and gas projects in 17 countries around the world. These stakes are held through subsidiaries, branches and joint ventures. For operations of these projects, those units and joint ventures would raise a demand for money on the parent, OVL, which would transmit the investments.

NEW DELHI: Amid global economic uncertainty, state-owned NTPC remains sanguine about domestic electricity demand and has planned a total capacity addition of 24 GW entailing an investment of Rs 1.6 lakh crore.

"Various projects of the company having an aggregate capacity of around 24 GW are under implementation at 23 locations across the country," NTPC CMD Gurdeep Singh said while addressing the company AGM today.

Infrastructure major Larsen and Toubro (L&T) has bagged orders worth Rs 1,726 crore across various business segments.

"The construction arm of L&T has won orders worth Rs 1,726 crore across various business segments," L&T said in a BSE filing today.

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