An income tax dept official says the last date for ITR filing remains 31 July, and there are no plans of extending that deadline Source: Livemint.com (http://www.livemint.com/rss/industry)

India is set to build new petrochemical complexes that will help to develop the country as a polymer hub, says Dharmendra Pradhan Source: Livemint.com (http://www.livemint.com/rss/industry)

Arun Jaitley says the Insolvency and Bankruptcy Code and the govt’s emphasis on resolution provide opportunity for ARCs as stressed assets still have inherent value Source: Livemint.com (http://www.livemint.com/rss/industry)

Italy will subscribe to Banca Monte dei Paschi di Siena’s capital increase at €6.49 per share, the world’s oldest bank said in a statement Source: Livemint.com (http://www.livemint.com/rss/industry)

China’s Ministry of Land and Resources says it has successfully produced natural gas from methane hydrate, also known as ‘flammable ice’, in an experimental project in the South China Sea…

Faced with the latest challenge of Reliance’s 4G Jio Phone, Idea Cellular MD Himanshu Kapania says the firm is also working with handset makers for ‘affordable’ mobile phones Source: Livemint.com…

Past eight months the ‘most fertile months’ in terms of growth of cybercrime, says Pavan Duggal, president at Cyberlaws.Net and an advocate in the Supreme Court Source: Livemint.com (http://www.livemint.com/rss/industry)

Sebi has also allowed commodity bourses and public financial institutions to invest in subsidiaries of stock exchanges, clearing corporations at IFSCs Source: Livemint.com (http://www.livemint.com/rss/industry)

A.P. Hota says RBI’s nod to NPCI to operate BBPS will provide a major push to digital payments as it is a big step forward in formalizing the bill payment…

CAG said a 30% failure rate was found in the surface-to-air missiles Akash during testing and held that such deficiencies posed an operational risk during hostilities Source: Livemint.com (http://www.livemint.com/rss/industry)