Managing Director and CEO of ICICI Bank has moved the Bombay High Court against the bank on her 'termination' from the company. The matter is listed on the Bombay High Court website on its cause list for December 2. This would be the first such case in India where a private bank's former chief has moved court against termination.

Twenty five years ago when Aditya Puri and Paresh Sukthankar sat with a band of bankers to tell potential investors in the initial public offering of HDFC Bank what they intended to do in their first three years, few knew what was possible. But regulations demanded they provide a business plan if they wanted capital from public markets.

Pessimism ran high on Dalal Street this week with benchmark indices ending lower in four out of five-sessions. The last-minute respite on Friday came from a handful of stocks, not quelling away the fears of a bear market. Some of the top D-Street analysts believe that we are in this bear phase for the long haul and many blame government policies for the same.