Move to hasten rollout and, if successful, set a precedent for new banking firms.
A company with a size exceeding $1 billion finds it really hard to innovate.
The 30-share Sensex ended down 90 points at 19,429 after hitting an intra-day low of 19,398 and the 50-share Nifty ended down 40 points at 5,881 after touching an intra-day low of 5,871.
Sensex closed over 118 points down on Thursday.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.