Yes Bank is adequately capitalised to achieve a retail book size of 17.5% of total advances for this fiscal against a current retail book size of around Rs 33,000 crore though it remains fairly risk-averse, staying away from the high-end home loan segment and consumer durables thus far. The bank aims for a retail book size of Rs 55,000 crore or 20% of total advances next fiscal year, group president and group head – branch & retail banking at Yes Bank Rajan Pental said.

Train 18 route confirmed! The state-of-the-art engine-less Train 18 will run between Delhi and Varanasi, Minister of State for Railways Rajen Gohain has confirmed. According to PTI, in a reply to a question in the Rajya Sabha, Gohain said the Delhi-Varanasi route has been proposed for the first Train 18 set. As many as 36 train set coaches have been planned, to be developed during the financial year 2018-2019 at Integral Coach Factory (ICF), located in Chennai, he said.

Hinduja flagship Ashok Leyland said that it is in advanced talks with a select few defence players (OEMs) in the US and Europe to offer its mobility solutions. The sompany, the largest mobility/logistic solutions provider for the Indian Army for more than three decades, sees huge opportunity not only in India but also in the overseas markets, given the wide offerings as well cost advantage it holds among peers.

The Securities and Exchange Board of India (Sebi) on Friday modified its interim order passed against the Fortis Healthcare former promoters, Malvinder Singh, Shivinder Singh, and seven others in connection with the alleged fund diversion and misrepresentation of financial statement of the hospital chain.

A host of measures to simplify the payment of tax, filing of returns, claim of refunds and advance ruling system would be on the anvil as the goods and services tax (GST) Council meets on Saturday. The required changes in the GST laws would be made once the Council achieves consensus on these changes, officials in the know said.

Aurobindo Pharma Ltd Friday said it has got the approval of the US Food and Drug Administration (USFDA) to make and market potassium chloride tablets of 600 mg and 750 mg for the US market.

The tablet, a generic version of Upsher-Smith's Klor-Con extended release tablets, would be launched next month, said a press release here.

Shares of information technology (IT) companies were under pressure on Friday with the Nifty IT index falling over 1 per cent and extending its decline into the fourth straight day, after the US indices extended falls as sentiment remained fragile.

Tata Consultancy Services (TCS), Infosys, Wipro, NIIT Technologies, Larsen & Toubro Infotech, KPIT Technologies, Tata Elxsi and Sonata Software were down between 1% to 2% on the National Stock Exchange (NSE).

Budget carrier AirAsia India Friday announced the induction of 20th aircraft in its fleet, making it eligible to fly on international routes.

The Tata Sons-Air Asia invested joint venture airline also said it will add Mumbai in its network from early next year with the launch of daily flight services to the country's financial hub from Bengaluru, starting January 15.

The Delhi High Court on Friday directed Associated Journals Limited (AJL), publishers of National Herald newspaper, to vacate the Herald House in Delhi as per an eviction order of the Centre.

Justice Sunil Gaur gave two week times to AJL to vacate the premise Bahadur Shah Zafar Marg failing which proceedings under Public Premise Act could be initiated.

Media firm NDTV group's digital arm NDTV Convergence Friday said it has signed a five-year deal worth over Rs 3 billion with content recommendations engine Taboola.

"The five-year deal ties NDTV Convergence exclusively to Taboola and involves a minimum guarantee of more than Rs 300 crore for NDTV Convergence, making it one of the largest deals, not just for digital content, but for the media space in its entirety," NDTV said in a BSE filing.

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