Under the positive pay system, the customer will have to re-confirm key details for payments beyond Rs 50,000

Observing that digital payments in India have been growing rapidly, RBI said a digital payments index will be launched soon

Employees in Chennai-based companies such as Fiat Chrysler, TCS, Wipro and Cognizant said they had been asked to cut back on water use in canteens and restrooms

The court also directed the Registrar of Companies to consider the replies furnished by Cognizant Technology Solutions in response to earlier show cause notices, and pass detailed orders within four weeks.

Following the announcement, shares of Bombay Dyeing surged as much as 10.95 per cent to touch an intra-day trade high of Rs 147.90 apiece, against its previous close of Rs 133.30 on the BSE. The stock has gained upto 29 percent this month.

We have no further comments to make on this issue,\" L&T said in a clarification to the BSE.

These employees could not adjust to the changing environment of the company, says Cognizant.

The dispute pertains to Cognizant's share buyback under the scheme of 'arrangement and compromise' nearly two years ago.

In a first, the best performing employees of US-listed Cognizant Technology Solutions will receive only 95 per cent of their variable pay for 2016, much lower than the usual 150 per cent to 200 per cent they used to earn earlier.

Since time waits for no one, why should timepieces? Pick your favourites from the best watches of 2015.

The company also raised its full year revenue guidance for 2015 to $12.33 billion, up at least 20.1 per cent compared to 2014.

Bandhan chairman Chandra Sekhar Ghosh said 247 branches would be opened in West Bengal, while Bihar, Orissa and Assam would also have a good share in terms of the number of branches.

The RBI also asked banks to send an SMS alert to payer/drawer when cheques are received for clearing and examine cheques under UV lamp for clearance beyond Rs 2 lakh.

Worried over rising number of frauds in online banking, the RBI has suggested that banks introduce two-stage authentication to ensure security of transactions. It also said customers should be given the option to choose from different methods of authentication for ensuring security of online transactions.