Kotak Mahindra Bank (KMB) announced an offer for opening a zero balance savings account on Wednesday, with zero charges for all digital transactions.

This comes when many of its competitors, such as State Bank of India and HDFC Bank, are either raising or reintroducing charges for transactions. From April 1, SBI is set to introduce a fee for failing to keep a minimum balance in some types of savings bank accounts.

Larsen & Toubro (L&T) said that its construction arm has recently bagged orders worth Rs 1,725 crore across two of its business segments.

In the transportation infrastructure business, the company bagged contracts worth Rs 725 crore.

The Sensex registered a good beginning on Tuesday as it recouped over 127 points after Monday's loss, with Asia providing a positive backdrop amid sustained foreign inflows.

The 30-share index was trading higher by 127.47 points, or 0.43%, at 29,364.62, with all indices led by technology, IT, power and healthcare trading in the green with gains up to 0.79%. The gauge had lost 184.25 points in the previous session.

Microsoft India is betting big on cyber security solutions for cloud adoption growth as Indian businesses seek better security.

More businesses are looking at hosting their applications on the cloud, shifting from the traditional IT infrastructure on-premise to improve efficiency and bring down costs. Firms are looking to move to a model from one-time expense for software licenses and IT hardware in the on-premise model to pay as you rent model on the cloud with upgrades thrown in during the usage period.

Sony India on Tuesday launched its new "world's fastest" SF-G Series SD card that comes with enhanced features specially designed for professional photographers and videographers.

With a write speed of up to 299MB per second, the SF-G Series supports maximum performance of digital imaging devices, contributing to longer continuous shoot of high-resolution images. It contributes to a shorter buffer clearing time as well.

Recognising the popularity of Truecaller, an application that identifies mobile numbers - ICICI Bank has partnered the Swedish communication company behind the app to enable in-app payments using the Unified Payments Interface.

According to ICICI Bank, Truecaller is the third-most used app in India and the new partnership will allow millions of users of the app in the country to instantly create a UPI id, send money to any UPI id or a mobile number registered with the BHIM app. It will also enable users to recharge their mobile number from within the Truecaller app itself.

Mumbai: The Securities and Exchange Board of India (Sebi) is drafting rules to monitor share transfer agents and registrars and improve their functioning, two people with direct knowledge of the matter said.

This comes a year after Sharepro Services (India) Pvt. Ltd, a share transfer agent, was found to have defrauded at least 10 companies including Britannia Industries Ltd, Asian Paints Ltd, Aptech Ltd, Tata Communications Ltd and Kansai Nerolac Ltd of Rs21.7 crore. Some of the companies also filed police petitions against Sharepro, and Sebi imposed an interim ban on the company.

New Delhi: Low-fare international carrier Air India Express on Monday said it has cleared a key global safety audit that will help it strike commercial agreements with international airlines.

The International Air Transport Association’s operational safety audit (IOSA) certification is valid for two years. IOSA standards are specified for systems, policies, processes and equipment, among others. International airlines mandate IOSA certification for any collaboration.

Engineering major Larsen & Toubro today said it has bagged a contract worth Rs 2,903 crore from MHADA to re-develop Mumbai’s century-old BDD chawls. “The Buildings and Factories Business of L&T Construction has bagged a major design and build order worth Rs 2,903 crore to re-develop Mumbai’s century-old BDD chawls for Maharashtra Housing and Area Development Authority (MHADA),” the company said in a regulatory filing.

The scope of work comprises design and construction of 20 residential towers for rehabilitation, four high-rise towers for sale and one commercial development within a plot of 16 acres.

The government’s plan to use Aadhaar for more than just disbursing subsidies got a push when, while refusing to urgently hear a plea against Aadhaar, SC said nothing prohibited the government using Aadhaar for non-welfare schemes like PAN cards, opening of bank accounts, filing of income tax returns, etc. When finance minister Arun Jaitley announced the mandatory seeding of PAN numbers with Aadhaar — to check the widespread fraud in PAN cards — as part of the Finance Bill, many protested against this, arguing it was not permissible.

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