PNB Housing Finance rallied 6% to Rs 1,559, extending its previous day’s 6% surge on the BSE, after the Reserve Bank of India (RBI) lowered risk weights assigned to home loans lent on or after June 7.

The stock is trading at its highest level since its listing on November 7, 2016. It has more than doubled against its initial public offer (IPO) price of Rs 775 per share.

Infosys, India’s second-largest information technology (IT) services firm, seems to have dropped its ambitious target of increasing its revenue to $20 billion by 2020, as its Chief Executive Officer (CEO), Vishal Sikka, struggles to grow the business faster.

The company had set itself a long-term goal of $20 billion in revenue, 30 per cent operating margin and $80,000 revenue per employee by March 2021. Sikka’s compensation of $11 million was linked to this long-term goal.

GMR group has won the bid to develop and operate a greenfield airport in Greece giving a boost to its aviation business.

GMR has partnered Greek company GEK Terna to develop the airport at Heraklion on island of Crete. This will be the group's second overseas project (GMR runs Mactan Cebu project in Philippines. Earlier it ran airports in Turkey and Maldives) and the award win comes close on heels of a revival in its airport business.

Islamic State claimed its first attack in Iran, as suicide bombers and gunmen struck at the heart of the country’s political and religious establishment on Wednesday.

Assailants entered the Parliament building in Tehran and the shrine of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini, to the south of the city.

The Indian Railways is firming up plans to join hands with Malaysia to redevelop about 20 stations in Tier-II cities across the country.

Aimed at attracting nearly Rs 1 lakh crore private investment, the station redevelopment project envisages infrastructure revamp at platforms and circulating areas.

Next time you send a message intended for your girlfriend mistakenly to someone else on WhatsApp, just chill. You may have soon a five-minute window to revoke such misdirected messages.

According to WABetaInfo, a fan site that tests new WhatsApp features early, the mobile messaging platform has moved closer towards introducing a 'Recall' feature.

Apollo Hospitals Enterprise (AHEL) is focusing on increasing its occupancy to improve growth, which declined in the financial year (FY) 2016-17. The hospital has set the target of achieving 65 per cent occupancy by the end of the current FY from the 47 per cent occupancy at present, said senior management of the company.

AHEL had posted a 40.7 per cent fall in profit at Rs 48.16 crore in the fourth quarter of the FY17 as compared to Rs 81.31 crore for the same period of the previous FY on a standalone basis.

State-owned telecom firm BSNL is eyeing about ₹500 crore in the next one year from the mobile virtual network operator (MVNO) line of business.

A new class of players, virtual network operators or VNOs are entities providing telecom services like mobile, landline and internet but only as retailers for full—fledged telecom operators such as BSNL, MTNL and Airtel.

Oil marketing companies and banks may find themselves at a loss as the government tries to reduce Air India’s borrowings before putting up the debt-ridden national carrier for sale. The Civil Aviation Ministry and the Finance Ministry are in the process of meeting banks and oil companies to get haircuts for Air India’s debt, ET Now reported citing unnamed sources in the Civil Aviation Ministry.

According to the report, the two ministries are meeting banks to get haircuts for Air India’s debt and simultaneously are also holding meetings with oil companies to reduce Air India’s dues.

Russian security software firm Kaspersky Lab has filed anti-trust complaints with the European Commission and the German Federal Cartel Office against Microsoft for promoting its own security software at the expense of users, the media reported. Kaspersky claimed that Microsoft has been removing its software when users upgrade to Windows 10, and enabling its own Windows Defender solution.

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