HDFC Bank launches its UPI on Chillr Country's 

Second largest private sector lender HDFC Bank today launched its unified payment interface app on the fintech startup Chillr. HDFC Bank today launched its unified payment interface app on the fintech startup Chillr. "Our association with Chillr goes back to the start-up's early days. With this launch, we are taking it to the next level," its country head for digital banking Nitin Chugh said in a statement. The UPI on Chillr is in addition to the same facility available on the bank's mobile banking application. Chillr has been running on IMPS with 11 banks prior to the launch and has achieved a milestone of monthly transaction value of over Rs 500 crore, it said, adding customers of 33 more banks will be able to use its services after today's launch 

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US employment growth seen slowing as warm weather boost fades

 Non farm payrolls probably increased by 180,000 jobs last month, according to a Reuters survey of economists, near 2016's 187,000 monthly average job growth. The unemployment rate is forecast to be unchanged at 4.7 percent. US job growth likely slowed in March after unseasonably mild weather boosted hiring over the prior two months, but the pace of gains should underscore the economy's strength despite a recent slowdown in economic growth. Nonfarm payrolls probably increased by 180,000 jobs last month, according to a Reuters survey of economists, near 2016's 187,000 monthly average job growth. The unemployment rate is forecast to be unchanged at 4.7 percent. The Labor Department will release its closely watched employment report on Friday. Readings in line with expectations would reinforce views the economy's fundamentals remain solid despite gross domestic product appearing to have slowed to around a 1.0 percent annualized growth pace in the first quarter after rising at a 2.1 percent rate in the final three months of 2016.

Bangladesh PM Sheikh Hasinaembarks on four-day India visit

 During her visit, which comes after a gap of seven years, Hasina will hold wide-ranging talks with her Indian counterpart Narendra Modi tomorrow during which India is also set to announce a line of credit of USD 500 million to Bangladesh for military supplies. Bangladesh Prime Minister Sheikh Hasina today embarked on a four-day visit to India which will see signing of at least 25 bilateral agreements including in key areas of civil nuclear cooperation and defence. During her visit, which comes after a gap of seven years, Hasina will hold wide-ranging talks with her Indian counterpart Narendra Modi tomorrow during which India is also set to announce a line of credit of USD 500 million to Bangladesh for military supplies."The upcoming visit is expected to further expand the cordial and cooperative relationship between India and Bangladesh and build on the strong ties of friendship and trust between the two leaders," a joint statement issued by the two countries said earlier. Hasina will also call on President Pranab Mukherjee and meet opposition leader Sonia Gandhi. She will visit Ajmer on Sunday and will meet Indian business leaders on Monday. 

Indian state-run companies mull daily fuel price change: 

State-owned and India's biggest oil marketing company Indian Oil Corp Ltd and its two smaller peers Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily hindustan petroleum corporation Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily. The state-run companies declined to immediately comment The daily price change - also called dynamic fuel pricing - essentially means the companies will not wait for a fortnight to adjust the price of petrol and diesel in tandem with crude price as they do now. Instead, they will change the price everyday based on crude price movements. This will help India move to an international standard of fuel pricing "This will cushion the companies from any loss they face due to currency and crude movements over a 15-day period and will make their margins more predictable," said Dhaval Joshi, analyst with Emkay Global Financial Services.Reliance Industries, which currently follow the price set by state-owned companies, to also shift to a dynamic model 

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Jubilant Life gets USFDA nod for arthritis drug 

The company "has received Abbreviated New Drug Application (ANDA) final approval for Celecoxib Capsules, 50 mg, 100 mg, 200 mg, and 400 mg," Jubilant Life Sciences said in a BSE filing. Jubilant Life Sciences today said it has received final approval from the US health regulator for Celecoxib capsules used for the treatment of osteoarthritis and rheumatoid arthritis The company "has received Abbreviated New Drug Application (ANDA) final approval for Celecoxib Capsules, 50 mg, 100 mg, 200 mg, and 400 mg," Jubilant Life Sciences said in a BSE filing. The company's product is the generic version of Celebrex of GD Searle, which is used for the treatment of osteoarthritis and rheumatoid arthritis, it added. This is the first approval received by the company from the USFDA during the current financial year. As on December 31, 2016, Jubilant Life Sciences had a total of 73 ANDAs for oral solids filed in the US, of which 49 have been approved, the filing said. Shares of the company were trading at Rs 831.10 , down 0.41 per cent on BSE. 

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Flipkart is banking on AI technology to build sales strategy

 India’s e-commerce giant Flipkart is betting on an artificial intelligence (AI) solution that will use its vast data of online consumer market collected over 10 years to make smarter decisions to predict sales of product India’s e-commerce giant Flipkart is betting on an artificial intelligence (AI) solution that will use its vast data of online consumer market collected over 10 years to make smarter decisions to predict sales of products. "We are trying to predict how many units of what we will sell. This is a very complex thing that is dependent on a variety of inputs such as price, discount or if an event, such as Diwali or Christmas is coming up," Krishnendu Chaudhury, principal scientist and head of image sciences at Flipkart, was 10-year-data-to-build-ai-platform-for-sales-prediction-by Business Standard as saying. Although global player Amazon has been in the e-commerce space 10 years before Flipkart, it set foot in India only in 2013.

Veto will not preclude us from acting: US on terror sanctions 

The US said today that countries using veto to scuttle sanctioning of terrorists will not "preclude" it from taking actions, amid continued Chinese opposition to efforts to get Pakistan-based JeM chief Masood Azhar banned by the UN. The US said today that countries using veto to scuttle sanctioning of terrorists will not "preclude" it from taking actions, amid continued Chinese opposition to efforts to get Pakistan-based JeM chief Masood Azhar banned by the UN. "The administration very much is looking at all of these avenues and some of the things we have talked about is sanctions and who is on the list and how we have managed that," US' envoy to the UN Nikki Haley told reporters here. "And that is part of what we are going to try and find our place with is that we do want to make sure that we are calling out those that we need to call out," she said. Haley made the remarks while addressing a press conference after assuming role of President of the Security Council for the month of April. She was asked about efforts to get terrorists, particularly those in the South Asian region, sanctioned under UNSC's sanctions list and how another permanent member scuttles these efforts by using its veto power, a veiled reference to China blocking moves to ban Jaish-e-Mohammed chief Azhar.