ICICI Bank shares rose over 3 per cent in intra-day trade on the BSE, marking their biggest intraday per cent gain since March 12, after global financial firm Goldman Sachs hiked the target price on the stock.

Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating, saying that ICICI Bank's strong deposit franchise, lower cost of funds put the company at an advantage, a media report said.

SpiceJet shares surged up to 8 per cent while InterGlobe Aviation, parent of IndiGo, also gained on the expectation of higher yield due to the capacity reduction of Jet Airways.

India’s first private airline Jet Airways is headed towards a total grounding and a decision could be taken as early as Tuesday after a meeting of its board of directors, Business Standard reported.

A World Cup squad is unlikely to please everyone but it was a far easier task for the Board of Control for Cricket in India (BCCI) selectors when they met skipper Virat Kohli in Mumbai on Monday. When you consider the form and ability of the players at their disposal, few matters remained unsettled. Most spots in the final 15 had already been claimed by a team that will arrive into the World Cup as a serious contender.

Cricketer Ravindra Jadeja Monday said he supports the BJP after a family divide which saw his wife joining the saffron party, and his father and sister becoming members of the opposition Congress in Gujarat in run up to the Lok Sabha polls.

On Sunday, over a month after Ravindra Jadeja's wife Rivaba was inducted into the BJP, the Saurashtra cricketer's father and sister joined the Congress in the presence of party leader and Patidar quota spearhead Hardik Patel.

Indo Count Industries, a lesser known textiles manufacturer in India, is one of the fastest growing suppliers of home textiles in the US and Europea. The company has entered 49 foreign markets and aims to be a global leader.

For Mumbai-based Indo Count, global retail monolith Walmart offered the gateway. A partnership with Walmart’s home brand ‘Canopy’ over a decade ago helped the Indian textiles maker expand globally.

The Supreme Monday directed the Election Commission to watch the full biopic on Prime Minister Narendra Modi and take an informed decision on banning its pan India release by April 19.

A bench headed by Chief Justice Ranjan Gogoi also directed the poll panel to submit its decision to the court in a sealed cover and said it will consider the matter on April 22.

Jet Airways pilots body, the National Aviator's Guild, Monday appealed the State Bank of India (SBI) to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month.

The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash.

SpiceJet Monday announced the launch of non-stop flights from Mumbai to Colombo, Dhaka, Riyadh, Hong Kong and Kathmandu.

The no-frills airline would start the services from the end of May.

In a release, the carrier said it would be the first Indian budget carrier to launch daily direct flights on the Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors.

Seeking to drive a wedge between alliance partners SP and BSP, Union minister Rajnath Singh Sunday said Samajwadi Party will have to bear the consequences of teaming up with the Mayawati-led party in the Lok Sabha elections. Addressing an election meeting at Dataganj here, he said, … Samajwadi Party (SP) does not know what big mistake it has committed by forging an alliance with the BSP. It will have to bear the consequences.

Earlier this year, BSP supremo Mayawati and SP chief Akhilesh Yadav announced that they will fight from 38 and 37 seats, respectively while leaving two for the Congress in Uttar Pradesh.

The rupee opened 10 paise higher at 69.07 against the US dollar on Monday. The domestic unit halted its three-day winning streak as it closed 25 paise lower at 69.17 as forex traders weighed rising crude oil prices.

Besides, as forex dealers said, there was concern in the market after reports surfaced that the Supreme Court Friday restrained Arcelor Mittal from acquiring Essar Steel, which in turn might impact dollar inflows considering the Essar Steel acquisition was worth nearly USD 7 billion.

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