ICICI Bank, India’s largest private sector bank, on Monday announced the launch of banking services on Twitter, the first of its kind service, in India.

Christened, ‘icicibankpay’, enables ICICI Bank customers to transfer money to anyone in the country who has a Twitter account, check account balance, view last three transactions and recharge prepaid mobile “in a completely secure manner”.

With the Modi government opting for ordinances eight times in as many months, President Pranab Mukherjee cautioned against the “ordinance route” being taken for normal legislations.

Ordinances are meant for specific purpose “to meet an extraordinary situation under extraordinary circumstances”, the President said citing the Constitution.

The National Highway Authority of India (NHAI) will soon prepare a detailed project report (DPR) for the capital region ring road project, estimated to be costing around Rs 900 crore, said a senior official of the Union government.

The Odisha government has agreed to bear the cost of land acquisition for the project. We have approved the project proposal and have asked NHAI to prepare a DPR for it.

The Vishva Hindu Parishad (VHP), an affiliate of the Rashtriya Swayamsevak Sangh (RSS), on Monday said the two-child norm should be strictly implemented on all communities or else, Hindu women should each have three to four children.

VHP joint general secretary Surendra Jain defended comments by a seer that each Hindu family should have 10 children. It said Vasudevananda Saraswati had made his remarks in the context of correcting the demographic imbalance being created in the country.

Aam Aadmi Party chief Arvind Kejriwal and BJP’s Kiran Bedi are pitted in a tough battle for the Chief Minister’s post in Delhi, according to a poll conducted by a news channel.

Kejriwal continues to be the most preferred chief ministerial candidate with 47 per cent, while Bedi, who joined BJP recently, is set to give a stiff competition as she managed the support of 44 per cent of the respondents, according to a ‘snap poll’ conducted by ABP News-Nielsen.

Indian stocks rose for a third day after Wipro, the third-biggest software exporter, reported profit that beat estimates and as crude oil traded in New York had its first weekly gain since November.

Wipro rallied the most in 18 months. Reliance Industries, owner of the world's largest refining complex, rose for a third day. Axis Bank jumped to a record. Hindustan Unilever tumbled the most since January 2011, after reporting the slowest sales growth in three quarters.

During a hearing of its appeal against a Securities and Exchange Board of India (Sebi) order banning it from the capital markets for three years, at the Securities and Appellate Tribunal (SAT), real estate major DLF on Monday said only one of the complaints Sebi had received against it was related to disclosures.

Janak Dwarkadas, senior advocate and counsel for DLF, was countering the regulator’s earlier claim that the action had been taken after receiving multiple complaints against the company. SAT adjourned hearing of the appeal to Tuesday.

In order to tap tech and social network savvy consumers, Kotak Mahindra Bank on Monday announced the launch of Jifi Saver, a social savings bank account which can be seamlessly managed via Twitter and Facebook.

According to Shanti Ekambaram, president - consumer banking, Kotak Mahindra Bank, Jifi Saver will take care of their needs such as online shopping, on-the-go transactions, and financial planning, along with other benefits and functionalities of a regular savings bank account.

To take on its public sector peers in the fuel retailing segment, Mukesh Ambani-controlled Reliance Industries Ltd (RIL) plans to leverage technology.

“We would go for an aggressive automation-based instant reward scheme, providing an edge over the competition, which lacks nationwide automation,” RIL said after its result announcement last week. This was to provide superior customer value across the network, it said.

Air India is conducting large-scale hedging of jet fuel for the the first time, as the state-run carrier seeks to take advantage of lower crude oil prices, a person with direct knowledge of the matter said.

Air India was hedging two million barrels of aviation turbine fuel annually at $75 per barrel, which should cover more than a fifth of its fuel requirements, the person said. The company did not expect oil prices to fall any further, the person said.

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