ICICI Bank on Wednesday said its mortgage loan portfolio has crossed the Rs 1.5-lakh-crore-mark, making it the largest private player in the segment. The bank is now targeting to grow this book to Rs 2 lakh crore by 2019-20.
The Life Insurance Corporation's plan to buy a majority stake in sick lender IDBI Bank could become a case of throwing good money after bad with a section of North Block fearing the controversial move may boomerang.
Coal India has urged thermal power plants not to cut their offtake during the rainy season. Coal mining and inventory management are a key challenge during the monsoon months for both consumers as well as miners as moisture affects quality and heavy rain can disrupt production.
The Insolvency & Bankruptcy Board of India (IBBI) may soon come out with the rules to give effect to the latest amendment to the Insolvency & Bankruptcy Code, 2016, which received Presidential assent last month.
The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared.
The US government has moved to block China Mobile from offering services to the country's telecommunications market, recommending its application be rejected because the firm posed national security risks.