Banking stocks continue to rally on the bourses, with the market value of the ICICI Bank, crossing the Rs two lakh crore mark. The private sector lender has become the third bank and ninth company in current list of companies having m-cap of over Rs 200,000 crore.

ICICI Bank scrip up 1.9% to Rs 1,766 on BSE, taking its market value to Rs 2,04,395 crore at 1121 hours, the BSE data shows. The bank is at the ninth positions in overall market capitalization (m-cap) ranking.

Former cricketer Sreesanth is set to make his Bollywood debut in Pooja Bhatt’s next production venture and the filmmaker says the decision to cast him was quick and instinctive.

In the film, which has been titled Cabaret, the former India pacer will be seen donning the role of a Malayali mentor to the movie’s leading lady Richa Chadda’s character, who is a dancer.

Kenyan security forces have pursued and killed more than 100 militants and destroyed their camp in Somalia after the ambush of a Nairobi-bound bus that killed 28 people, Deputy President William Ruto said on Sunday.

Somalia's Islamist al Shabaab militants have claimed responsibility for the attack on Saturday, when gunmen ordered passengers on the bus to recite Koran verses and shot dead non-Muslims - 19 men and nine women - who could not.

The bank aims to grow its asset book which would comprise 50% of such local lending in foreign markets

State Bank of India (SBI), the country's largest lender, is taking a much bigger stride for its international business and looks all set to grow as a global banking giant. The bank, which has $39 billion worth of outstanding assets in its international book, is planning to double its local lending in foreign markets.

The bank, which has struck deep roots in the domestic market with its inclusive banking plans, will take more exposure in foreign companies -- who have no Indian corporate connections, to garner more local business rather than lending only to Indian subsidiaries and associate companies.

Senior Congress leader and former Union Minister Murli Deora passed away here this morning after prolonged illness.

He was 77 and is survived by his wife and two sons, including former MP Milind Deora.

Murli bhai as he was known as died at around 3.25 am. He had been unwell and admitted to a hospital. He had come home two days ago, family sources said.

Shares of Infosys is trading higher by nearly 2% at Rs 4,213 in early trade on BSE after the company said it has fixed record date as December 3, 2014 for the purpose of allotment of bonus shares/stock dividend.

On October 10, 2014 the board of directors of Infosys had recommended a bonus issue of one equity share for every equity share held.

Reliance Industries (RIL) has contested Comptroller and Auditor General (CAG)’s draft observations on some payments the company made to contractors of KG-D6 fields, saying the auditor had not considered the contract requirement of factoring consequences of delays in procurement of goods and services on the project.

RIL, in a presentation at an Exit Conference called by CAG, at the end of its second audit of KG-D6 for 2008-09 to 2011-12, stated the auditor was using hindsight to question project efficiencies and procurements made eight years back.

The petroleum ministry plans to issue an order to all its public sector undertakings not to file court cases against the government following a writ petition last May by Oil & Natural Gas Corporation charging the ministry of acts of omission and commission in an alleged theft of ONGC’s natural gas by Reliance Industries Ltd.

Suitable instructions may be issued to Central PSUs under this ministry, so that such an eventuality viz CPSUs under the ministry having to file a court case against the ministry (itself alleging non-performance) may not arise in future…, additional secretary Rajive Kumar proposed last month. The step was later approved by petroleum minister Dharmendra Pradhan.

Al-Shabab militants from Somalia hijacked a bus in Kenya's north and killed 28 non-Muslims on board after they had been singled out from the rest of the passengers, police officials said today.

Two police officers said that the bus traveling to the capital Nairobi with 60 passengers was hijacked 31 miles from the town Mandera near Kenya's border with Somalia.

Pakistan Prime Minister Nawaz Sharif on Friday asked US President Barack Obama to take up the Kashmir issue with the Indian leadership when he travels to India in January next year.

Sharif made the request when Obama telephoned him, informing about his forthcoming India visit and discussing bilateral ties and the regional situation.

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