HDFC Bank, India's second largest private bank, has signed an agreement with Movida, a mobile payments joint venture backed by Visa and Monitise to introduce a first of its kind mobile payment service.
India's annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, in 3-5 years, domestic refineries would meet the whole demand, reports Rajesh Bayani.
Congress on Tuesday took a dig at the Bharatiya Janata Party for its move to charge Rs 5 per ticket for attending Narendra Modi's public meeting in Hyderabad, saying it shows the "true value" of the Gujarat chief minister.
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