As the WEF debates ways to master the fourth industrial revolution, top banker Chanda Kochhar on Thursday said financial sector has rapidly adopted the new technology and ICICI bank is targeting total transactions worth Rs 80,000 crore through mobile banking by the end of this financial year.

The WEF Annual Meeting this year has the theme 'Mastering the Fourth Industrial Revolution' and the business as well as government leaders from across the globe here are discussing benefits and risks posed by this phenomenon to the state of the world.

Confident of utilising the headroom available to the Indian economy, Finance Minister Arun Jaitley today said it needs some additional growth engines and the focus now is on reviving private investments.

Inviting foreign players to invest in the infrastructure space, he exuded confidence that the stuck reform measures like GST would go through as the numbers in the Upper House will change favourably soon.

Market benchmark Sensex on Thursday sinked further to crack below the 24,000-mark after over 20 months by shedding 100 points to 23,962.21, bogged down by persistent selling in Asian shares, following fresh dip in oil prices.

The broader NSE Nifty also broke below the 7,300-mark. Profit-booking in blue-chips after early gains, caution ahead of earnings announcement from more key corporates and further weakening of the rupee, which again breached the 68 mark against the dollar also took its toll.

NEW DELHI: The Election Commission has asked the government to amend electoral rules to allow it to introduce a new device to enhance secrecy of votes during counting which prevents disclosure of voting pattern.

As per existing rules, votes in the electronic voting machines (EVMs) are to be counted polling station-wise, which leads to situations where voting patterns in various localities or pockets become known to everyone.

New Delhi: An advisory panel set up by the capital markets regulator has suggested a slew of tax reforms and changes in existing laws to facilitate capital-raising by alternative investment funds (AIFs) and boost entrepreneurship.

The committee formed by the Securities and Exchange Board of India (Sebi) and headed by Infosys founder N.R. Narayana Murthy put out a report on Wednesday suggesting ways to create a favourable tax environment for investors.

No further details of the deal have been disclosed by the company. Nonetheless, adding a comment on the development, Founder & CEO, FirstCry, Supam Maheshwari said, “The idea is to gain from his wisdom and it’s a vote of confidence, which boosts morale of both the entrepreneur and our team”.

As per the data stated on Google Play, the company has over 90000+ items from 1200+ top National & International and Indian brands like Mattel, Ben10, Pigeon, Funskool, Hotwheels, Nuby, Farlin, Medela, Pampers, Disney, Barbie, Gerber, Fisher Price, Mee Mee and so on. Its customer base is more than over 1 million.

KOLKATA: Five central trade unions representing almost 90% of the workmen of Coal India have served a notice to the coal major's management for a day's str-ike on March 29 to protest disinvestment in the largest coal producer. The strike will also be observed at Singareni Collieries Company.

According to a statement jointly released by INTUC, BMS, HMS, AITUC and CITU there would be joint demonstration on February 19 followed by work to rule from March 7 to 10 and a day's strike on March 29.

NEW DELHI: The steep fall in oil prices have helped reduce the cost of developing and maintaining oilfields by at least 40% but Oil and Natural Gas Corp (ONGC) is unable to gain from this. Reason: Lack of discretion.

Oil majors have deferred investments and cut costs, but ONGC, being a state firm, can't fire people or renegotiate contracts easily.

Maruti Suzuki is changing the way its car salesmen used to lure prospective customers. With changing needs of buyers, the company is replacing printed brochures with tablets, in its showrooms, which can showcase various combinations of accessories in its cars and all its products at one go. The move is part of initiatives it is taking to sell two million cars a year by 2020.

Recently, Maruti joined hands with US giant HP for the supply of tablets and turn-key solution including servicing and maintenance of products.

Axis Bank, the country’s third largest private sector bank, reported a 15 per cent rise in net profit to Rs 2,175 crore in the October-December quarter on the back of higher net interest income and other income.

It is for the first time in the past eleven years that the bank has reported a net profit growth of only 15 per cent. Prior to this, the last time the bank had reported a drop in net profit of 28 per cent in quarter ended September in 2004. In the last 12 quarters, the lender had managed to always grow its bottom line at an average of 20 per cent.

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