New Delhi: The NSE on Thursday said it would launch brent crude oil contracts on 1 March and has signed a pact with global market information provider ICIS for using its Brent-Forties-Oseberg-Ekofisk data.

The bourse will launch two cash-settled futures products – 100 barrel brent crude oil futures and 10 barrels brent crude oil mini futures, the National Stock Exchange said in a media release.

The Income Tax Department will "only" issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its latest public communication.The department said refunds will be sent to bank accounts as it will issue "only e-refunds from March 1, 2019." Link your PAN (permanent account number) with your bank.

The Indian Railway Catering and Tourism Corporation (IRCTC) has launched its own payment aggregator system, IRCTC iPay, a step which will help promote government's Digital India initiative.

A statement from the railways' catering and ticketing arm said the exclusive digital payment gateway will provide an improved online digital payment convenience and ease of doing business to passengers availing online travel related services through the IRCTC website.

State-owned HPCL has bagged the rights to supply piped natural gas to households and CNG to automobiles in four cities in Bengal in the 10th round of city gas bids.

IOC won most of the cities in Bihar and Jharkhand, while Bharat Gas won one city in Jharkhand and Gail Gas two in the state.

Though ONGC is digging appraisal wells at the Deen Dayal West (DDW) field it acquired from Gujarat State Petroleum Corporation (GSPC), it is still to submit the field development plan (FDP) and has sought time till December 2019 from the empowered committee of secretaries (ECS). ONGC was initially supposed to submit the FDP by February 2018.

According to a source, while the ECS will allow the time to ONGC, given huge investments are involved, it will have to pay a penalty. ECS comprises secretaries of finance, petroleum and law.

Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth nearly Rs 6,000 crore, including its Rs 1,838-crore exposure to Reliance Communications (RCom). The accounts are being offered on an all-cash basis.

A notification inviting expressions of interest (EoIs) from asset reconstruction companies (ARCs) for 49 bad-loan accounts worth Rs 5,928 crore said the EoIs, with indicative prices, must be filed by March 7.

Indian High Commission in Pakistan, last evening, gave a demarche to Pakistan Ministry of Foreign Affairs for the immediate and safe return of the Indian Air Force pilot captured after air combat on Wednesday.

According to sources, the Indian High Commission gave a demarche to not only the Pakistan Foreign Affair Ministry but also to Pakistan's acting High Commissioner in New Delhi for the release and return of the Wing Commander.

It is not just Punjab National Bank (PNB) that was a victim of fraud. Fugitive businessman Mehul Choksi and an international web of co-conspirators used his US company Samuels Jewelers and a series of puppet vendors, including a psychologist, to fraudulently induce Samuels's primary lenders.

Cracking its whip on brokers, markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday declared Phillip Commodities India (formerly MF Global SIFY Securities India Ltd) “not fit and proper” in the Rs 5,600 crore National Spot Exchange (NSEL) payment default case.

Phillip Commodities India is the fifth broker that Sebi has declared “not fit and proper”.

There’s a wrinkle in plans made by Asia’s richest man to take on Amazon.com Inc and Walmart Inc on his home turf in India: his telecom and retail businesses can’t share data.

Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd., has outlined how he will marry the might of his group’s 9,900-plus retail stores and 280-million strong telecom user base to bolster his e-commerce venture.

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