The country’s largest lender State Bank of India has initiated slew of measures, including waving off outstanding loans of 23 CRPF soldiers martyred in a terrorist attack in Pulwama district of Jammu and Kashmir.

Last week, 40 CRPF personnel were killed and five injured in one of the deadliest terror strikes in J&K.

The BSE benchmark Sensex recovered over 100 points on Tuesday, led by strong buying by domestic institutional investors amid positive global cues.

The 30-share index was trading 124.21 points, or 0.35%, at 35,622.65. Similarly, the 50-share NSE Nifty rose 38.90 points, or 0.37 per cent, to 10,679.85.

Internet companies that have built their businesses using public data are likely to have created the privacy threat debate around the country’s unique digital ID Aadhaar, Trai chairman RS Sharma said on Monday.

“My suspicion, I will have to prove that, but based on circumstantial evidence, we think that many of data companies are behind the issue. They want to create their own identity system,” Sharma said at ‘International Colloquium on Ethics and Governance of Autonomous AI Systems’.

ArcelorMittal has offered lenders Rs 4,800 crore for Essar’s 2×600 MW Mahan thermal power project in Madhya Pradesh, surpassing the Essar promoters’ one-time settlement offer of Rs 3,500 crore, a senior PFC official told FE.

Rajeev Sharma, chairman and managing director of PFC, which is one of the consortium lenders to Essar Power’s MP project, told FE, “We are in process of evaluating the offer.

Ashok Leyland on Monday launched new variants of intermediate commercial vehicle (ICV) GURU 1010 and a medium duty vehicle (MDV) Boss 1616 and 1916.

While GURU 1010 is 10 tonne gross vehicle weight (gvw) , Boss will come in 16 and 19 tonne gvw. The company is betting on providing better profitability to the customer with the new variants by providing better operational efficiency in terms of driver comfort and fuel efficiency.

Reliance Jio, which has been the fastest in utilising the opportunity of bringing 2G feature phone users to its 4G network with the 4G feature phone, has acquired around 50 million Jio Phone users since late 2017.

Counterpoint Research, in its latest report, said that Jio has been the fastest to see the opportunity and adopt the platform to acquire tens of millions of 2G feature phone users to its 4G network with its KaiOS-powered 4G smart feature phone.

The central Board of Reserve Bank of India (RBI) has decided to pay Rs 28,000 crore as an interim dividend to the Centre. This is the second successive year when an interim dividend has been paid to the government.

"Today's interim surplus was decided after the application of the economic capital framework," RBI said in a release on Monday. Reserve bank follows July to June financial year.

The Securities and Exchange Board of India (Sebi) has accepted Infosys’ consent plea and settled the charges of disclosure lapses pertaining to the severance package paid to the company's former chief financial officer (CFO) Rajiv Bansal.

According to a Sebi order passed on February 15, the IT major has paid Rs 34.35 lakh to the regulator under the settlement proceedings regulation.

Less than a year after the Kisan long march from Nasik to Mumbai, farmers, tribals and landless labourers will once again be protesting on the same route. Organised by the CPI(M)-affiliated All India Kisan Sabha (AIKS), the protest march will begin in Nasik on February 20 and conclude in Mumbai on February 27.

According to the AIKS, the number of protestors – at 80,000 – is likely to be twice as much as last year.

Mumbai: Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said Monday.

It can be noted many banks globally are focusing on technology more than the physical presence in recent times.

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