MUMBAI: Calling for a bottom-up approach and not a top-down policy as of now, industry leaders have called for more and more engagement with citizens while designing and developing smart cities.

While underlining that each smart city is unique, L&T Construction chief marketing officer Joy Rajan Cheruvathoor argued that "each smart city is unique and a cookie cutter approach does not work to design them. The best way forward to achieve this is to engage the citizens better."

US President's son Donald Trump Jr, who is in India on a business trip, will hold a closed-door meeting with top industrialists in the national capital today.

The luncheon meeting at Birla House will be hosted by Congress leader Milind Deora and business leaders Deepak Parekh and Shobhana Bhartiya, sources said.

Deloitte Touche Tohmatsu India LLP, the auditor to Nirav Modi’s holding firm Firestar International Pvt Ltd (FIPL), has sought more information from the company after it came to light that Modi companies had defrauded Punjab National Bank of Rs 114 billion.

According to a source close to the development, Deloitte was the auditor to FIPL for two years and signed off the accounts for financial years ended March 2016 and March 2017.

The government should consider privatising public sector banks (PSBs) as over Rs 2.6 lakh crore capital infusion in the past eleven years has had limited impact in improving their health, and the move would also reduce drain on the exchequer, industry body Ficci said today. The suggestion comes in the backdrop of the $1.77 billion (about Rs 11,400 crore) scam in Punjab National Bank involving billionaire jeweller Nirav Modi.

Idea Cellular has introduced a new pack that offers 1GB data and unlimited calls at Rs 109 to combat the tariff war started by Reliance and later joined by other telcos including Airtel and Vodafone among others. The new Idea Rs 109 recharge pack comes with a validity of 14 days and benefits the customer with 1GB of data, unlimited local, national, and roaming calls, along with 100 SMSes per day.

PM Narendra Modi today launched Nasscom's platform - FutureSkills - for skill development in eight varied technologies.

Modi launched the platform via video conference during the inaugural session of the World Congress on Information Technology (WCIT)-2018.

Axis Bank has raised its Marginal Cost of Funds based Lending Rates (MCLR) by ten basis points across the three and six month, one, two and three year categories with one-year MCLR now standing at 8.4 per cent.

The bank followed other private lenders like HDFC Bank and IndusInd Bank in increasing MCLR — indicating a trend.

Following Google’s removal of the “view image” button from its image search results last week, several users will move to other browsers like Microsoft’s Bing and Startpage that allow download of high-resolution images with a right click, media reported. Google, after signing a multi-year global licensing deal with Getty Images, removed the “view image” button — a move set to curb the lifting of copyrighted images from its platform.

NEW DELHI: Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,680 crore from Pune Municipal Corporation. In a regulatory filing L&T said its water and effluent treatment business has bagged orders worth Rs 1,680 crore from Pune Municipal Corporation for a study, survey, investigation, assessment, design validation and revamping of the entire water supply system for Pune.

The benchmark BSE Sensex slipped below the 34,000-mark by falling nearly 131 points in early trade on Monday, extending Friday’s losses as investors cut bets amid weak domestic sentiment and absence of Asian cues.

The 30-share barometer dropped by 130.54 points, or 0.38 per cent, to 33,880.22 in early trade led by fall in Tata Steel, SBI, Reliance Industries and L&T.

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