Briefly Business: DBT schemes to be exempted from expenditure cap

Indias services sector growth down: HSBC

New Delhi: Indias services sector activity slowed down in June owing to a decline in new business orders,according to HSBC/ Markit purchasing managers index for the services industry. PTI

Kazakhstan blocked stake purchase: ONGC

New Delhi: Oil and Natural Gas Corp has said that its 5 billion acquisition of a stake in Kashagan oilfield has been blocked by the Central Asian nation. PTI

Toyota recalls 1,85,000 vehicles globally

Tokyo: Toyota Motor is recalling 1,85,000 vehicles globally,mostly in Japan and Europe,for a glitch in power steering. PTI

8 FDI proposals worth over R1,311 cr cleared

New Delhi: Eight FDI proposals worth Rs 1,311.54 crore,including that of Norwegian telecom firm Telenor,have been cleared by the government on the basis of FIPB approvals. The proposal of Multi Commodity Exchange to bring in FDI was,however,rejected by the board. PTI

EPFO asked to fast track claims in Uttarakhand

New Delhi: Labour and employment minister Sis Ram Ola has asked the Employees Provided Fund Organisation to fast track settlement claims of families in Uttarakhand. PTI