With no visible signs of distress in its retail portfolio as of now, private lender ICICI Bank expects to grow its outstanding home loan book to Rs 2 lakh crore by March 2020, from Rs 1.7 lakh crore currently. ICICI Bank, one of the largest mortgage players among private banks, has repeatedly maintained that outreach to tier II, III cities and micro-markets, along with focus on affordable housing and digitisation, has been key to growth in its portfolio.

A day after the markets took a pause from the recent upsurge, key equity benchmark indices bounced back sharply on the last trading session of the current month's expiry day, as investors mounted bullish bets on expectations the NDA party may win polls in the upcoming general elections.

The Insurance Regulatory and Development Authority of India (Irdai) on Thursday gave the go-ahead for the new regulations for life insurance products. It also gave the first level approval, or R1, to Indiabulls Integrated general insurance business in its board meeting.

The rupee opened 6 paise higher at 69.24 against the US dollar on Friday. The domestic unit slumped 42 paise to end at 69.30 on Thursday, its second straight session of decline, in line with other Asian currencies amid strengthening of the greenback.

Vodafone Idea shares surged 17 per cent to Rs 20.45 on the BSE in early morning trade on Friday on the back of heavy volumes. The stock turned ex-date for rights issue today.

At 10:33 AM, the stock had erased its early morning gain and was trading 6 per cent higher at Rs 18.50 on the BSE. It touched an intra-day low of Rs 17.85, and is just 4.4 per cent away from its record low price of Rs 17.06 (adjusted to rights issue) touched on Thursday, March 28.

New Delhi: Sebi on Wednesday exempted the government from making an open offer for the shareholders of Punjab National Bank but directed reduction in non-public shareholding in the lender post capital infusion.

In February, Punjab National Bank filed an application on behalf of the central government seeking exemption from open offer requirement under takeover regulations.

Facebook Inc on Wednesday banned praise, support and representation of white nationalism and white separatism, a move that drew qualified approval from New Zealand where a massacre of 50 people in mosques was live streamed earlier this month.

Civil rights groups have said social media giants have failed to confront extremism and that was under the spotlight this month after a suspected white supremacist broadcast live footage of his attacks in Christchurch, New Zealand.

The lenders of Essar Steel on Wednesday told the National Company Law Appellate Tribunal (NCLAT) that a decision by the committee of creditors on whether Standard Chartered, an unsecured financial creditor of the bankrupt firm, should get higher payout for its dues from the Rs 42,000 crore coming from the resolution plan of ArcelorMittal, would come by Friday.

After forging a strategic partnership with Microsoft to strengthen cloud-based customer experience management (CXM) tools, software major Adobe has said this partnership is a “complementary” fit for both the companies from the standpoint of business growth.

“The business model is pretty simple I would say. They (Microsoft) will build a lot of platforms and market ecosystem. We focus on selling our solutions.

Hyundai Motor India on Wednesday announced the name of its all-new connected SUV as Venue. Venue, which was earlier codenamed as QXi, is the latest entrant in the Indian compact SUV segment to take on the likes of market leader Maruti’s Vitara Brezza, Tata Nexon, Ford’s EcoSport, M&M’s XUV300.

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