MUMBAI: Largest private sector lender ICICI BankBSE 0.31 % in collaboration with Tech MahindraBSE -1.34 % launched a payment service 'Tap-n-Pay' based on the near-field communications (NFC) technology, enabling customers make over-the-counter payments without using cash.

It can be used for merchant payments by merely tapping a NFC-enabled mobile phone or a tag on the counter.

Bringing back memories of the tragic death of Australian cricketer Phil Hughes, an East Bengal Club cricketer died following an injury suffered in the cricket field. Ankit Keshri, the club's former under-19 captain died on Monday morning following a cardiac arrest. He was 20 years-old.

The incident happened on Friday, during Bengal Division 1's match between East Bengal Club and Bhawanipore Club. In the 44th over, Keshri bumped into bowler Sourabh Mondal while taking a catch. He immediately fell on the ground and lost consciousness. The right-handed batsman was rushed to a private nursing home and was undergoing treatment for three days.

Hyundai Motor India Ltd today launched a new version of its premium sedan Elantra priced between Rs 14.13 lakh and Rs 17.94 lakh (ex-showroom Delhi).

The sedan will be available in both diesel and petrol options. While the petrol version is priced in a range of Rs 14.13 lakh and Rs 16.45 lakh, the diesel option is priced between Rs 14.58 lakh and Rs 17.94 lakh (all prices ex-showroom Delhi), the company said in a statement.

NEW DELHI: Flipkart would move to an app-only format within a year, a senior executive said, confirming growing speculation that India's largest e-commerce platform would follow the route announced for unit Myntra.

"Last year, we had more on the app, but still did our web and desktop. In the next year or so, we're going to be only mobile," said Michael Adnani, vice-president, retail and head of brand alliances, Flipkart. "A year ago, 6% of our traffic was coming from mobile. In less than 18 months, that traffic is 10-fold. That shows the significance of what a mobile phone is doing for the consumers and consequently doing for us," he said.

MUMBAI: The rupee declined by 19 paise at 62.55 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.

Forex dealers said fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses.

Aiming at providing passengers more facilities for booking tickets online, IRCTC is planning to offer a new service of 'baggage insurance' for them. Under this, a customer will be offered additional services like insurance coverage for baggage while booking e-tickets on the IRCTC website.

As per the offer, the passenger can claim the insurance money in case of lost or theft of the baggage. The goods like laptop, mobile phone or any other valuable articles will be covered as part of the travel insurance package.

Reliance Industries were trading lower by 1% at Rs 922 on the National Stock Exchange (NSE) in early morning trade on profit bookings.

The stock has rallied 16.5% from its 52-week low of Rs 796 touched on March 30, 2015, compared with 1.3% rise in the CNX Nifty till yesterday.

PSU behemoth Coal India, which is facing constraints in evacuation infrastructure, is planning to realign its logistics management of railway rakes to increase evacuation by additional 5-8 per cent.

"We are trying to push for higher evacuation capability. We are trying leverage the existing rail rakes available and utilise them to the optimum to move more coal," Coal India chairman Sutirtha Bhattacharya told PTI.

State-owned Oil and Natural Gas on Sunday said it has called the globally renowned oil and gas blowout control experts Boots & Coots from US to contain fire at a gas well near Surat in which 12 persons were injured.

"The Well Olpad-31 caught fire during repair maintenance job on Saturday. The experts are expected to reach the well site soon," the company said in a statement here.

The Securities and Exchange Board of India (Sebi) has moved the Supreme Court, challenging a tribunal order in the matter of disclosure norm violations by real estate major DLF. The regulator filed its appeal last week and has sought an early hearing, according to two people in the know.

The appeal contests several grounds of the Securities Appellate Tribunal (SAT) order. "One of the observations in the SAT order was that clearance of the Sebi board was not taken before initiating investigation proceedings. On this, the appeal has said the investigation was directed by the Delhi high court in 2011," one of them said.

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