Global tech major Microsoft fears an increase in regulation for the sector following the privacy issues that have engulfed Facebook, but said that tools like blockchain can help take care of concerns. “All the signals say that there will probably be more regulation in the industry and our job is to comply with the regulations,” its executive vice president for business development Peggy Johnson told PTI here in an interview.

Israel s national airline El Al today filed an urgent petition to the High Court against Air India’s new route connecting New Delhi and Tel Aviv via Saudi airspace, days after the Indian carrier launched its maiden service to the Jewish state, Israeli media reports said. Speaking at a press conference in Tel Aviv, El Al’s CEO Gonen Usishkin and chairman Eli Defes said that by allowing Air India to fly over a country (Saudi Arabia) that does not grant El Al the same rights, the government is violating its commitments to Israel’s national carrier, the Times of Israel reported.

NEW DELHI: Reliance Industries (RIL) is selling some of the Eagle Ford shale gas project's ‘assets’ in the US for $100 million to Sundance Energy, marking the company's exit from the second shale gas venture as it sharpens focus on telecom.

The acreages and producing wells assets being hived off are located in Atascosa, La Salle, Live Oak and McMullen Counties of Texas and were not slated to be developed in the near term, the company said in a statement on Tuesday. RIL will retain its interest in the remaining core assets of the Eagle Ford project.

Snapping its two-session rising streak, the benchmark BSE Sensex fell over 150 points in early trade today as investors offloaded positions ahead of March F&O expiry and financial year ending.

A weak trend at other Asian bourses after a sharp fall on Wall Street, driven by technology stocks, also weighed on market sentiment here.

The rupee recovered by 7 paise to 64.90 against the US dollar in opening trade today at the forex market on increased selling of the greenback by exporters amid foreign fund inflows.

A lower opening of the domestic equity market weighed on the domestic currency, but dollar’s weakness against other currencies limited the losses, forex dealers said.

The ministry of housing and urban affairs has approved construction of 3,21,567 more affordable houses under its flagship Pradhan Mantri Awas Yojna(Urban), with an investment of Rs 18,203 crore, a government release said. The central assistance for the same will be Rs 4,752 crore. The approval was given at the 32th meeting of the Central Sanctioning and Monitoring Committee, it said. The projects have been sanctioned across 523 cities across 14 states.

Out of 47,855 MW of the coal-based power plants currently under construction, only 6,445 MW of additional capacity would be required between FY17-22, the National Electricity Plan (NEP) published by the Central Electricity Authority (CEA) has said. The forecast was based on estimating power demand growth at 6.2% CAGR and capacity addition of other electricity generating sources such as gas (406 MW), hydro (6,823 MW), nuclear (3,300 MW) and renewable energy (1,17,756 MW).

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the hearing on the petitions filed by ArcelorMittal and Numetal challenging the ineligibility of their bids for Essar Steel. The tribunal will now take up the matter on April 4 and has asked Numetal, ArcelorMittal and the resolution professional of Essar Steel to submit additional documents related to this matter by April 2.

The Reserve Bank of India (RBI) had agreed in principle to a request by Punjab National Bank (PNB) to spread its losses related to the Nirav Modi-Mehul Choksi fraud over four quarters, sources said.

“However, we are still awaiting a written communication from the regulator,” a source at the Delhi-based public sector bank said.

US technology giant Apple Inc and India's telecoms regulator are at loggerheads over the development of a government anti-spam mobile application, with user privacy at the heart of a deepening rift between the two sides.

The latest impasse comes after Apple in October agreed to provide some help to the regulator to tap into new iOS features to build the "Do Not Disturb" app, which allows users to report unsolicited calls and text messages as spam.

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