ICICI Bank, the country’s largest private sector lender, has after a rise in bad loans during 2014-15 decided to change its lending and underwriting norms, to contain the rise in its non-performing assets (NPAs) and the restructuring book.

Under the new norms, it will be more careful in lending to the construction sector. “In this space, where there are lots of receivables, things have got delayed, which in turn has put pressure on those companies, leading to devolvement of guarantees. That is one sector, where one has to be a bit careful,” said N S Kannan, executive director, in an analyst conference call.

A stringent psychological test for pilots in the wake of the Germanwings disaster has led Air India to reject nearly a third of the prospective candidates.

The airline might find it difficult to fill posts for senior trainee pilots for Airbus A320 aircraft.

The All India Anna Dravida Munnetra Kazhagam (AIADMK) headed by J Jayalalithaa has asked all party MLAs to be present in Chennai on May 22 to elect the leader of the State Assembly.

Meanwhile the suspense continues on when and whether Jayalalithaa can return as the Chief Minister, considering the oppositions in the State have said the Order passed by the Karnatka High Court , acquitting her from a disproportionate asset case, having arithmetic errors.

DLF, country's largest real estate firm, has once again come under the scanner of Competition Commission of India (CCI). The competition watchdog has found the realty firm guilty of "unfair and abusive" business practices in one of a housing projects in Gurgaon.

CCI in its order has asked DLF Gurgaon Home Developers Private Ltd and its group companies to "cease and desist" from such unfair trade practices. It, however, did not impose any fresh penalty. A fine of Rs 630 crore has already been slapped on DLF for a similar violation in a separate case.

India's largest private sector lender ICICI Bank is set to expand its Chinese presence with the opening of a branch this weekend in Shanghai, China's biggest city and a major global financial hub.

The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China. ICICI Bank's Managing Director and CEO Chanda Kochhar will also be present.

The Supreme Court on Thursday dismissed a batch of petitions filed by various telecom companies, including Vodafone and Bharti Airtel, seeking extension of their spectrum licences.

"We see no merit. The petitions are dismissed," a bench headed by J Chelameswar said.

The rupee ticked up 9 paise to 63.91 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas on disappointing retail sales report.

Besides, increased selling of the US dollar by exporters supported the rupee, but a lower opening in the domestic equity market capped the gains, forex dealers said.

Google has updated its News and Weather app for the Apple Watch.

According to the Verge, Google News & Weather offers news on the Apple Watch, but only you to read the headlines. The screen is far too small to read the entire article on the watch.

At least one gunman attacked a guest house popular with foreigners in Kabul on Wednesday killing at least five people, including an American and two Indians, in a bold assault that showed Afghanistan still faces security challenges. Authorities cordoned off the area around the Park Palace guest house in Kabul's Kolola Pushta, a diplomatic enclave in the Afghan capital that includes a number of guest houses used by foreigners, immediately after the attack began at about 8:30 p.m. local time (1600 GMT). A standoff with police ended about five hours later as ambulances raced out of the area.

No one immediately claimed responsibility for the attack, although similar brazen assaults in the past have been carried out by the Taliban and the al Qaeda-linked Haqqani network. The brutal assault was reminiscent of two attacks by Taliban fighters in Kabul last year, one on a restaurant and another on a hotel. Kabul Police Chief Abdul Rahman Rahimi told reporters early on Thursday morning that at least five people had been killed and five wounded in the attack. A spokeswoman for the U.S. Embassy confirmed that one American was killed in the attack.

A year after Reliance Industries Limited (RIL) moved Delhi High Court seeking to quash an FIR registered against them by Anti-Corruption Bureau, the CEO of the same firm on Wednesday was finally questioned by the probe agency.

According to senior officials of the ACB, PMS Prasad, CEO of RIL and two senior officials of the firm were questioned at their Civil Lines office in the Krishna-Godavari Basin case, which was rechristened as the "gas pricing scam" by the current chief minister of New Delhi, Arvind Kejriwal.

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