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.

Reliance Infrastructure (RInfra) has emerged as the lowest bidder for a project tendered by NTPC related to flue gas de-sulphurisation (FGD) works for its 1,500 MW (3 x 500 MW) power plant in Jhajjar, Haryana. According to sources, RInfra is the lowest bidder with the order value of the project being expected to be around Rs 567 crore. A spokesperson for RInfra declined to comment on the development, saying the company has lodged bids for EPC projects across various sub-segments within the infrastructure domain.

Keen on mobilising funds to accelerate the pace of highway construction, the National Highways Authority of India (NHAI) will tap the capital market in early FY19 through a few subsidiaries that would be created. Being an authority, it cannot have an initial public offer (IPO) on its own.

“We are now thinking of forming subsidiaries. The process might start early in the next financial year,” NHAI chairman Deepak Kumar told FE.

NEW DELHI: The telecom regulator may reduce the international termination rate (ITR) -- a charge paid by international operators to local networks that receive calls --by almost half from the current rate of 53 paise a minute, a move that would deal a body blow to India's top telcos Bharti Airtel, Vodafone India and Idea Cellular which receive bulk of the international calls on their network.

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