Private lender Axis Bank surged as much as 3.4 per cent, to Rs 737.3 on the BSE, in the early trade on Thursday after the bank's loan growth touched a 7 quarter high during the December quarter of FY20 despite the slowdown in the economy. That apart, the bank's provisions declined 1.34 per cent sequentially to Rs 3,470.92 crore in Q3FY20.

The bank's loan book for the quarter ended December 31, 2019 stood at Rs 5.5 lakh crore, up 16 per cent year-on-year.

Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week.

The so-called novel coronavirus has killed 17 people because of respiratory illness since it emerged late last year in the Chinese city of Wuhan.

In a reshuffle in the Haryana cabinet, Chief Minister Manohar Lal Khattar was allocated three more portfolios including the Criminal Investigation Department (CID) with immediate effect.

According to a government notification, state home minister Anil Vij, who was earlier heading the CID, was divested of the charge. He will, however, continue to head the Haryana's home ministry.

Prime Minister Narendra Modi (pictured) on Wednesday reviewed the progress made in nine delayed projects spread across as many states at the first meeting of ‘Pragati’ this year.

These projects, worth over Rs 24,000 crore, are spread over Odisha, Telangana, Maharashtra, Jharkhand, Bihar, Karnataka, Andhra Pradesh, Kerala and Uttar Pradesh.

A judge in Canada approved a CAD $196.5 million (114 million pounds) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.

Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada violating emissions standards. VW pleaded guilty after being charged with 60 counts of breaching the Canadian Environmental Protection Act and providing misleading information.

Shriram Capital has held off a plan to merge with its shadow lending arms after the Reserve Bank of India (RBI) requested the group to cut its stake in its insurance business, according to people familiar with the matter.

The unlisted Shriram Capital, which counts billionaire Ajay Piramal and private equity firm TPG Capital as investors, was planning to combine with its publicly traded units Shriram Transport Finance and Shriram City Union Finance.

Leading telecom companies including Bharti Airtel, Vodafone Idea, and Tata Group are planning to communicate to the Department of Telecommunications (DoT) that while they will comply with the Supreme court order on paying adjusted gross revenue (AGR) dues, they will wait till next week, when their “modification” petition is heard in the apex court, before paying.

The move means the telcos will skip the January 24 deadline the court gave for paying the government Rs 1.47 trillion.

Gangster Ejaz Lakdawala, arrested by Mumbai Police's anti-extortion cell on January 8, revealed crucial information about Dawood Ibrahim, saying that he provided logistical or financial support to Hafiz Saeed, according to sources quoted by Zee Media.

Lakdawala informed investigators that Pakistan Army's senior officers often visited his Karachi residence. From the officials, he learned that Dawood provided either logistical or financial support to Hafiz Saeed and others.

Delhi Chief Minister and AAP national convenor Arvind Kejriwal on Wednesday said his government did a lot for the people of the city in its five-year tenure but needed more time to complete the work pending for 70 years.

We have tried our best to give maximum benefit to the people of Delhi... to make their lives prosperous. We have made water and electricity free, improved the education and health care system.

Netflix Inc missed Wall Street subscriber forecasts for the first quarter Tuesday, amid pressure from lower-cost services from Walt Disney Co and Apple Inc in the streaming video wars.

The streaming giant added more paying subscribers than Wall Street expected in the fourth quarter, beating international subscriber estimates but missing estimates for U.S. subscriber growth.

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