HDFC Bank, the country’s second-largest private sector lender, has upped the focus on mobile banking transactions in the past few months as part of its strategy to transform itself into a digital bank. Now, the lender believes mobile banking will overtake internet banking by next year.

“Usage of mobiles has been growing rapidly and outpacing the growth of the internet transactions. We feel next by year it will overtake internet banking,” said Nitin Chugh, head-digital banking, HDFC Bank.

The Jan Suraksha scheme has witnessed over 100 million enrolments in about two months in its life and accident insurance segments.

As on July 1, banks enrolled about 104 million account holders in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY). State Bank of India (SBI) and Punjab National Bank (PNB) led the enrolments with 20 million and 7.8 million, respectively.

Europe's Airbus Group and the Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's armed forces, the companies said in a statement on Friday.

The two groups will form a joint venture in the coming months, aiming to become the first private manufacturer of helicopters in India, the statement said. It did not say how much the two will invest.

After some general market confusion and bad headline writing, Microsoft this morning detailed how it will roll out Windows 10 to testers, consumers, and large-scale customers.

First, scale: Microsoft said in its blog post this morning that there are now 5 million Windows Insiders, up from 3.7 million in May. The company also said that it has collected “millions” of “reservations” for Windows 10 from the public. Both numbers seem reasonable.

Mumbai: Direct transfer of cooking gas subsidies, which made a chaotic debut two years ago, has finally stabilised, serving its purpose of weeding out spurious customers and saving the government more than Rs.Rs.10,000 crore in 2014-15.

Official data show that cooking gas consumption during the January-June period grew at a slower 7.82%, nearly four percentage points less than 11.4% growth in the same period last year.

Passengers will be able to log on to the Wi-Fi service at prominent railway stations of South East Central Railway zone, including Raipur, with the facility likely to be installed at these places by next year.

As many as 23 railway stations of various categories under the jurisdiction of SECR zone, comprising Bilaspur, Raipur and Nagpur divisions, will be equipped with the Wi-Fi facility in different phases.

The benchmark Sensex rose over 150 points to trade above the 28,000 mark in mid-session trade today as value-based buying in consumer durables, healthcare, power, capital goods and auto sectors took the recovery forward.

With this, the index brushed off losses in other Asian markets ahead of the Greece referendum.

Volvo today announced the launch of S60 T6 petrol variant in India.

The vehicle, priced at Rs 42 lakh (ex-showroom Delhi), is powered by a 2.0-litre 4-cylinder petrol engine that is good for 306 HP and 400 Nm torque.

Infosys today said it will invest $10 million from its $500 million global innovation fund in start-ups in Ireland.

The company has also bagged a outsourcing contract from Allied Irish Banks. It will take over 200 people on its rolls from the Irish financial services group and will set up a unit to house them in Dublin.

State-run refiner Hindustan Petroleum Corporation is planning to raise $200 million (Rs 1,260 crore) by this August, which would be used for its expansion, a company official and a banker confirmed.

“The funds would be used for our ongoing capital expenditure programme. We would also be using the funds to finance our ongoing four pipeline projects,” said the HPCL official.

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