The Indian Space Research Organisation (Isro) has started the new year with a successful note by successfully launching PSLV-C40, which was carrying India's earth observation satellite Cartosat-2 along with 30 nano satellites. The foreign statellites belong to Canada, Finland, France, Korea, UK and USA.

Isro's chairman designate K Sivan said that today's launch is a green flag for some of the important launches including Chandrayaan-2, GSLV MK-II among others in 2018.

Mukesh Ambani-led Reliance Industries (RIL) is set to sign a memorandum of understanding (MoU) with Israeli tech major mPrest, a global technology provider, during the visit of Israeli Prime Minister Benjamin Netanyahu to India. This could be considered RIL’s move to get deep into the smart city, big data, defence and critical infrastructure space.

This is one of the 10 important MoUs to be signed between Indian and Israeli companies. mPrest is part of the largest-ever business delegation from Israel, which would accompany the Israeli PM, who is arriving on Sunday.

The Reserve Bank has proposed delegating to clients the decisions regarding the quality and tenor on hedging of commodity prices and freight risk. In its draft directions on the subject, the RBI has also proposed introducing the facility for hedging of indirect price risk for selected metals. Hedging refers to activity undertaken to reduce an identifiable and measurable risk. “Eligible entities having exposure to commodity price risk for any eligible commodity may hedge such exposure in overseas markets using any of the permitted instruments,” the draft said.

Largest private sector lender ICICI Bank today virtually acknowledged the presence of a malware in its mobile banking application, but underplayed its impact on its customers. “Whatever we have seen, the malware seems to be not very significant,” bank’s chief technology and digital officer B Madhivanan told reporters over a conference call. The admission comes days after Quickheal, a Pune-based cyber security firm, had warned lenders of the presence of a malware in the mobile banking apps running on the popular operating system, Android.

Ahead of Prime Minister Narendra Modi's visit to Switzerland for Davos summit, an international survey has ranked him among the top three leaders of the world.

An annual survey by Gallup International has put Prime Minister Modi at number three among the global leaders.

Telecom regulator Trai today slashed international incoming call termination rate to 30 paise, from 53 paise, to curb the "grey route", an official statement today said.

The new rate will be effective from February 1.

Technology giant Microsoft and consulting firm Accenture have partnered to focus on business to business (B2B) startups in India. Under this partnership, both the firm will support growth-stage technology B2B startups to boost their enterprise readiness and go-to market. While Microsoft is running a global Accelerator program, whereas Accenture Ventures partners with and invests in growth-stage companies that create solution for enterprise. “Microsoft Accelerator and Accenture Ventures will support growth-stage technology B2B startups in India specialising in artificial intelligence, Internet of Things, augmented, virtual reality, blockchain, fintech, big data, security and customer experience solutions, and provide access to Accenture’s global clients and Microsoft’s global network,” said a statement from Accenture.

Around 50 lakh central government employees will be keeping an eye on the Finance Minister Arun Jaitley, who will table the Budget 2018 on February 1 in hope to get some relief over the minimum pay hike issue.

Experts also believe that there could be some announcement related to a hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission. The government may constitute a high-level committee to fix new pay structure beyond the recommendation of the 7th Pay Commission.

New Delhi: After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cyptocurrency, JioCoin.

With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.

Markets continued their record- setting trend for the second straight session with the BSE Sensex soaring around 135 points to all-time high of 34,638.42 even as TCS posted disappointing December quarter earnings.

Also, the broader NSE Nifty traded at an all-time high of 10,690.25.

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