Bengaluru/New Delhi: Amazon India, which has doubled down on building out its digital payments business in the country, plans to continue investing heavily in the business and introducing more local innovations for Indian customers over the coming quarters, even as it grapples with new know-your-customer (KYC) regulations from the Reserve Bank of India (RBI), which have slowed down growth of new users.

The benchmark Sensex extended yesterday’s gains by rising over 200 points in early trade, tracking firm global cues on reports of trade negotiations between the US and China, easing fears of a trade war.

Investor sentiment was buoyed after the government announced borrowing of 2.88 lakh crore in the April-September period of 2018-19, lower than 3.72 lakh crore it had borrowed in the first half of the current fiscal, and introduce bonds linked to CPI or retail inflation.

Microsoft Corporation has announced the formal opening of Microsoft Garage in Hyderabad. The Garage is a platform for the company’s employees that supports experimentation and encourages problem-solving in new and innovative ways. The Garage facility at the Microsoft India Development Center in Hyderabad will focus on future technologies such as artificial intelligence and IoT among others, and has started engaging with the local community. Besides, the company will soon be opening another Garage in Bengaluru.

A Friend in need is a friend indeed. This old adage aptly sums up the second coming of the Mahindra & Mahindra (M&M) and Ford Motor Company (Ford) alliance. The two auto majors had first floated an equal (50:50) joint venture (JVs) 23 years ago, in 1995, around the time when the fourth phase of economic reforms (1998-2006) had kicked in, with easier FDI norms and an accent on inducting new technologies.

To make funds available to the Indian Railways, the ministry of finance has approved government guarantee of Rs 5,000 crore for bonds to be issued by Indian Railway Finance Corporation (IRFC) before the end of this fiscal. These bonds will be subscribed by Life Insurance Corporation of India (LIC). In addition, the finance ministry has also waived the guarantee fee which otherwise IRFC would have paid, thus decreasing the cost of funds for the transporter.

The recent under performance in Yes Bank’s (YES) stock has been triggered by concerns of worsening asset quality amid tightening regulations. We believe YES has robust resolution processes and will be able to recover the bulk of its stressed assets. The strong corporate loan growth, while opportunistic, is driven with a specific strategy in mind. In time, focus on growing granular assets would regain importance as the current opportunity subsides.

The number of casualties after violence during the Ram Navami procession in West Bengal has increased to 3. While on Sunday, one person died in Purulia, and one in Kakinara, another individual passed away after clashes in Raniganj on Monday.

A massive political conspiracy has already brewed over the attack, and both BJP and TMC have pointed fingers at each other.

Following the outrage over iron spikes installed on the pavement of an HDFC Bank branch in Mumbai, the bank on Tuesday removed them.

"We sincerely regret the inconvenience caused to the public by the installation of the spikes at our Fort Branch, as part of the recent renovation. We're having the spikes removed on priority," the bank tweeted.

It’s one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela’s hand. The final price? Ten million dollars -- in bitcoin.

Attempts by Malcolm Duncan, formerly of South Africa, to sell the hands back in 2007 were scuppered by controversy over provenance and a possible missing charitable donation.

Telecom regulator Trai on Monday said that "license fee" collected by it had declined from Rs 32.49 billion for the quarter ended September 2017 to Rs 31.04 billion for the quarter ended December 2017.

"The quarterly and the year-on-year growth rates of license fee are 4.46 per cent and 16.04 per cent respectively in this quarter," Trai said in the "Indian Telecom Services Performance Indicator Report" for the quarter ended December, 2017.

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