Newsmakers: ICICI Bank's digital locker ,Moody's on India and more

eBay cuts stake in Snapdeal; Foxconn unit invests $200 mn
E-commerce company eBay Inc has sold a portion of its stake in Indian online marketplace Snapdeal and will focus on boosting its own business in the country, it said on Tuesday. Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 per cent stake in Snapdeal for $200 million via its Singapore-based subsidiary Wonderful Stars Pte.

ICICI Bank launches digital locker facility
ICICI Bank on Tuesday launched the first of its kind fully automated digital locker which would be available to customers even on weekends and post banking hours. Named 'Smart Vault', the locker is equipped with multi-layer security system, including biometric and PIN authentication and debit cards, among others.

India becoming more aspirational than politicians: FM Jaitley
Terming the recent Parliament session as 'virtually wasted', Finance Minister Arun Jaitley said on Tuesday policymakers and obstructionist politicians must gauge the public mood before taking a position on reforms. "India is becoming more aspirational than probably some of its politicians," he said, while giving example of an almost unprecedented urge shown by the people of the country when reforms were stalled during the recently concluded Monsoon Session .

Moody's lowers India's growth forecast to 7%
Rating agency Moody's Investors Service on Tuesday lowered India's growth forecast to 7 per cent for 2015, from 7.5 per cent projected earlier, citing monsoon concerns and cautioned that further risks to growth stems from slow pace of reforms.

SBI launches mobile wallet app 'Buddy'
Country's largest lender State Bank of India on Tuesday launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and Mastercard. The service will be available to existing as well as non-SBI customers. The app was launched by Finance Minister Arun Jaitley along with Jayant Sinha, Minister of State for Finance and Hasmukh Adhia, Secretary, Department of Financial Services.