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.

New Delhi: Twitter Inc. on Monday named Taranjeet Singh head of sales for its India operations.

Singh will be based at the company’s Gurgaon office and his main responsibilities will include increasing commercial opportunities for Twitter in India and working closely with brands and agencies to maximize the value of real-time marketing on the world’s largest platform for live, public conversations.

Mumbai: The 30-share benchmark S&P BSE Sensex Index was trading higher for a third consecutive day, up 150 points, after Wipro Ltd jumped over 7% on better-than-expected earnings.

At 12.04pm, the Sensex was up by 0.54%, or 150.51 points, at 28,272.40 points, while the 50-share CNX Nifty of the National Stock Exchange (NSE) was trading higher by 0.43%, or 37.05 points, at 8,550.85 points.

Public sector bank employees have decided to go on a 4-day strike from January 21 to protest against the “rigid and callous attitude” of Central Government in resolving the long pending wage revision issue, a senior union leader said on Monday.

Earlier, it was decided to hold one day strike on January 7, which was deferred on the request of IBA to find out an amicable solution, All India Bank Officers’ Confederation (AIBOC) State Secretary Deepak Kumar Mr. Sharma said.

Network video maker, Axis Communications has introduced AXIS Q29 Temperature Alarm Camera Series, a new series of network cameras with remote temperature monitoring capabilities. With two available lens alternatives and a resolution of 336×256, the cameras allow remote monitoring of critical temperatures at both short and long distances.

The temperature alarm cameras are likely to be available in Q1 2015 at a price of USD$6499 through Axis distribution channels.

Under its new management team, Infosys exhibited predictability in revenue growth and operational performance for the second quarter running. While we believe revenue growth revival will be gradual, we are enthused by: (i) strategic clarity around re-inventing its core offerings and using innovation to drive traction in newer technologies;(ii) likely better cash utilisation/return after Q4. Given our positive stance on sector demand and comfort on the management, we retain our Buy and TP (target price) of R2,220.

Shares of IT services major Wipro today surged nearly 8 per cent after the company reported an 8 per cent growth in consolidated net profit in the December quarter.

Wipro’s scrip gained 7.78 per cent to Rs 598.45 at the BSE.

On the NSE, it climbed 7.82 per cent to Rs 598.50.

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