Cash is still king in India, but there has been a perceptible shift in favour of digitisation in recent years, according to an internal study of the Reserve Bank of India (RBI). Having a high currency in circulation (CIC) relative to gross domestic product (GDP) is a good indicator of cash being highly preferred for payments. Based on this assumption, India continues to have a strong bias for cash payments, the study noted.

After a Delhi police constable was killed as protests against the Citizenship Amendment Act (CAA) in North-East Delhi, three more civilians were reported to have lost their lives. All three died due to gunshot, the Chief Minister's Office (CMO) confirmed.

According to reports, ten policemen have been seriously injured. DCP Shahdara, Amit Sharma, was also injured in the stone-pelting and admitted to Max Hospital in Patparganj. He is said to have developed a clot in the brain. His car was set on fire near Chand Bagh Bazaar.

Microsoft chief executive Satya Nadella on Monday urged Indian business leaders to build technology capabilities that are inclusive in nature.

Beginning his three-day visit to India, Nadella was addressing Microsoft's Future Decoded CEO Summit here.

Software firm TCS and realty major DLF have sought government nod to set up special economic zones (SEZ) for IT sector in Haryana and Uttar Pradesh.

These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26 here. The inter-ministerial body is chaired by the commerce secretary.

The country's largest carmaker Maruti Suzuki India on Monday launched the petrol version of its popular compact SUV Vitara Brezza priced between Rs 7.34 lakh and Rs 11.4 lakh (ex-showroom Delhi).

The BS-VI petrol Vitara Brezza is powered by 1.5 litre K-series engine with 5-speed manual and automatic transmission options with smart hybrid, the company said in a statement.

Shares of Hero MotoCorp (HMCL) slipped 2 per cent intra-day to hit an over five-year low of Rs 2,192 on the BSE on Monday amid concerns that the volume weakness might continue in the next 2-3 quarters due to inventory correction with dealers and notable price increases as a result of the BSVI transition. The two-wheeler major's stock was trading at its lowest level since May 2014.

Malaysian Prime Minister Mahathir Mohamad, at 94 the world's oldest leader, submitted his resignation to the king Monday after a bid by his allies to bring down the government and block the succession of leader-in-waiting Anwar Ibrahim.

The shock move followed 24 hours of political drama which saw an attempt by Anwar's rivals within his own Pact of Hope coalition, which stormed to a historic election victory in 2018, and opposition politicians to form a new government.

US President Donald Trump thanked Prime Minister Narendra Modi after he received a gala welcome in India. During his visit to the Sabarmati Ashram, Trump wrote in the visitors' book, 'To my great friend Prime Minister Modi - Thank you for this wonderful visit.

The visitors' book bears the signature of Trump and his wife Melania Trump.

As the US President arrived in India on his first official tour, he received a special welcome from his 'friend' Prime Minister Narendra Modi who gave him a hug as he came out of the aircraft.

Shares of Biocon hit a 52-week high of Rs 323, up 3 per cent, on the BSE on Monday in the intra-day trade after the company said it has received three observations from the US health regulator following inspection of its insulin manufacturing facility in Malaysia. The company believes observations are procedural in nature.

The stock of India’s biggest biotechnology company was trading higher for the third straight day, and has surpassed it's previous high of Rs 321 touched on February 15, 2019 in the intra-day trade. It hit an all-time high of Rs 359 on September 26, 2018.

Shares of Shilpa Medicare were locked in 5 per cent upper circuit at Rs 491, also its fresh 52-week high, on the BSE on Monday in an otherwise weak market.

In the past one month, the pharmaceutical company's stock has zoomed 89 per cent after reporting a strong set of numbers for the quarter ended December 2019 (Q3FY20). In comparison, the S&P BSE Sensex slipped 2 per cent during the period.

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