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-
Finance ministry asks RBI for details of 'systemic failures'
Many interpreted the letter from the department of financial services as just short of seeking an explanation for the fraud that went undetected for over six years during which neither the bank's auditors, not the regulator's inspections had thrown up any red flags. -
Airtel offers Rs 2,000 cashback on Nokia phones, here's how you can grab it
Termed the "Mera Pehla Smartphone" initiative, Nokia 3 and Nokia 2 4G smartphones will be available with an Airtel cashback offer. -
Deutsche Bank to cut up to 500 investment banking jobs: Report
Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017. -
You closed all options to recover dues by going public, says Nirav Modi in letter to PNB
In his letter, he said that the valuation of Firestar International and Firestar Diamond International stood at Rs 6,500 crore and pleaded the banks to allow him to sell the Firestar group. -
Bill Gates says billionaires should pay 'significantly' more taxes
Bill Gates says he has paid more than $10 billion in taxes over a lifetime but billionaires like him should pay "significantly" more because they benefit more from the system. -
PNB asks Gitanjali group firms to pay Rs 1,045 crore
Punjab National Bank "in view of fraudulent activities" has asked Gitanjali Group companies to pay "outstanding" dues amounting to Rs 1,045.88 crore, the jewellery firm said in a regulatory filing. -
PNB fraud: Income Tax Department attaches 7 properties of Mehul Choksi, Gitanjali group in Mumbai
In connection with Rs 11,400 crore fraud at state-run lender Punjab National Bank. -
NITI Aayog CEO Amitabh Kant is bullish on Maharashtra; here’s why
Saying that Maharashtra a key role in making India make it to the top 50 target on the World Bank's Ease of Doing Business index, NITI Aayog CEO Amitabh Kant praised the state for playing a stellar role in lifting country's rank to top 100. -
PNB fraud case: Key developments today
The Rs 11,300 crore fraud in Punjab National Bank (PNB) is increasingly getting murkier with new revelations coming to fore. The enforcement and investigating agencies have also stepped on the gas in their efforts to get to the bottom of the scam. Here is a round-up of all the important developments that took place on Monday -
PNB fraud case: Key developments on Monday
The Rs 11,300 crore fraud in Punjab National Bank (PNB) is increasingly getting murkier with new revelations coming to fore. The enforcement and investigating agencies have also stepped on the gas in their efforts to get to the bottom of the scam. Here is a round-up of all the important developments that took place on Monday -
Maharashtra to be crucial in India's entry to top 50 global 'ease of doing business' ranking: Amitabh Kant
Maharashtra will play a key role in helping the country to break into the top 50 in the global list for ease of doing business over the next two years, Niti Aayog Chief Executive Amitabh Kant has said. -
PNB fraud case: ED seeks statutory audit reports of banks from RBI
The official also said that so far, as many as 39 locations have been raided in connection with the fraud and assets worth Rs 5,716 crore have been seized. -
Blue print to double farmers income to be placed before PM Modi tomorrow
Modi, who is scheduled to attend the final session of the two-day national conference being organised by the agriculture ministry, will address on farmers issues. -
Diamond tycoons and controversies around them: How did they happen?
Here#39;s how the diamond businessmen got into a legal soup. -
Services sector to drive Maharashtra government’s trillion dollar ambition: Devendra Fadnavis
For the state to achieve the ambitious target, Fadnavis said the Gross State Domestic Product has to grow at 15.4 percent every year. -
Indian e-retail sector to grow 250% in next 3 years: Report
The e-retail industry is expected to continue its strong run, growing over 2.5 times to Rs 1.8 trillion by fiscal 2020. -
Maharashtra must clip at 15.4 pct to become a $1 trillion economy, says CM Devendra Fadnavis
Chief Minister Devendra Fadnavis today said for Maharashtra to become a USD 1-trillion economy by 2025 it needs to grow at a 15.4 percent per annum. -
PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks
FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India. -
Suresh Prabhu says 40 pct of GDP to come from exports by 2025
Suresh Prabhu informed that government has called a meeting of all state ministers to discuss on the export strategy. -
These modes of transportation may soon change one#39;s travelling experience in Mumbai
Monorail, metro and hovercrafts are going to change the way Mumbaikars travel. -
Sensex ends 236 points down, Nifty slips below 10,400 levels as PSU banks fall
The Nifty PSU Bank index ended 2.5% down with PNB, Union Bank of India and Syndicate Bank being the top losers. -
Govt may review norms for statutory auditor appointment in PSBs
At present, PSBs appoint their own auditors and questioned have been raised in some quarters on why a USD 1.77 billion (Rs 11,400 crore) fraud could have gone undetected by the auditors of Punjab National Bank (PNB) for seven long years. -
CVC meets PNB, fin min officials in connection with Rs 11,400 cr fraud
The meeting, which started at 11 AM at the Commission#39;s office, lasted for more than two hours, official sources said. -
Committed to doubling farmers#39; income by 2022: Goa Governor
Sinha, on arrival for the session, was received by Speaker Pramod Sawant and senior minister and MGP leader Sudin Dhavalikar, in the absence of Chief Minister Manohar Parrikar who has been hospitalised in Mumbai due to a pancreatic ailment. -
IndRa has stable outlook on wind,solar for FY19;-ve on thermal
Citing lack of visibility for tying up long-term power purchase agreements, the agency has maintained its negative outlook on the thermal power sector for FY19. -
Mumbai to Pune in 25 minutes? India signs MoU for country's first Hyperloop
The high-capacity passenger and cargo hyperloop route will support 150 million passenger trips annually. -
Magnetic Maharashtra summit: CM Fadnavis expects Rs 12 trillion investment commitments
Investments would come in almost every sector, including aerospace, logistics and electric vehicle manufacturing and services industry, he added. -
E-retailing may log in 2.5 times growth in three years
According to Crisil, going by the 2016-17 data, the e-retail market represents about 1.5 per cent (Rs 70,000 crore) of the overall Rs 49 trillion retail sector in the country, indicating enormous growth potential. -
PNB fraud: Top executives quit Gitanjali citing 'conscience', personal reasons
Chief Financial Officer (CFO) Chandrakant Karkare, Vice President (Compliance and Company Secretary) Pankhuri Warange and board member Krishnan Sangameswaran have decided to step down with immediate effect, Gitanjali Gems said in a notification to the bourses. -
GST Council may decide on single monthly tax return next week to end traders’ woes
The Goods and Services Tax (GST) Council, headed by Finance Minister Arun Jaitley, is likely to meet next week to decide on ease of compliance in filing the GST returns. -
India#39;s high-flying graphite electrode firms face curbs
In an unusual intervention, India#39;s steel ministry is pushing for electrode makers to cut prices for smaller steelmakers after a 500 percent surge in domestic prices, sources told Reuters. -
Devendra Fadnavis expects Rs 12 trillion investment commitments from summit
Fadnavis said the state will sign investment agreements with over two dozen companies in the next two days. Investments would come in almost every sector, including aerospace, logistics and electric vehicle manufacturing and services industry, he added. -
Aircel to soon file for bankruptcy at NCLT: Report
The lenders are scheduled to meet on Tuesday to decide on appointments and the future course of action. -
Rough diamond imports up 11% in April-January period: GJEPC
The imports had aggregated to USD 13.97 billion in the 10-month period of last fiscal, 2016-17. The inbound shipments of gold bars also rose by 18.2 per cent to USD 4.37 billion during the April-January period of 2017-18. -
Tentative fare structure of bullet train is out; here#39;s how much you may have to pay
The bullet train will cover the distance from Thane to Bandra-Kurla Complex in 10 minutes and for which the commuters may have to pay Rs 250 for one-way journey. -
Being Human e-cycles now available on PaytmMall with Rs 5,000 cashback
The e-cycles, priced between the Rs 40,000 and Rs 57,000 claim to have a range of 30 kilometres and a top speed of 25 km/h. -
PNB loses Rs 10,781 crore in mcap in 4 days; shares tank
The stock opened lower and slumped further 7.16 per cent to its 52-week low of Rs 116.65 on BSE. At NSE, shares of the company dived 6.77 per cent to hit a one-year low of Rs 117.05. -
India is the hot-spot of digital innovation: PM Narendra Modi
Modi was delivering his speech through a video conference. -
FIR against Rotomac promoter for Rs 800 crore bank fraud
Kothari, his wife and his son are being examined by the CBI. -
Banking shares fall as PNB fraud impact deepens
The shares of country second largest lender were trading down as much as 7 per cent on the BSE Sensex after the Central Bureau of Investigation (CBI) sealed the bank's Mumbai branch. -
J-K govt under PMAY to prepare fresh list of homeless people
The list is being prepared under the Pradhan Mantri Awas Yojana#39;s Housing for All Scheme to provide houses to all by 2022. -
PNB's Mumbai branch sealed amid fraud; CBI quizzes Nirav Modi's CFO: Report
Three people including two employees of PNB, the country's second largest state lender, have been arrested in the biggest fraud case in the country's banking history. -
7 engineering students had filed FIR against Mehul Choksi last year
A group of seven engineering graduates from Rajasthan Institute of Engineering and Technology in Jaipur were allegedly cheated by Choksi. -
Chandrasekaran's 2nd year may begin with Tatas' largest domestic deal with Bhushan Steel takeover
Tata has reportedly bid for Bhushan Steel and is emerging as the highest bidder for the Delhi-based company that's under NCLT now. -
PNB fraud: Former bank official shared passwords to help Nirav Modi
The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi that has shaken confidence in a state banking sector that accounts for some 70 percent of India's banking assets. -
Money market closed for Chhatrapati Shivaji Jayanti
The rupee plummeted 30 paise to end at a fresh one-week low of 64.21 against the US dollar on Friday, hit by a double whammy of rising global crude prices and worsening trade deficit. -
Stock markets open flat; slip immediately after
Both the BSE Sensex and Nifty managed to close the week flat at 34,010.76, up 5 points, and 10,452.30 marginally down 2.65 points respectively. -
Human intentions will drive artificial intelligence: PM Modi
The evolution of technology has to be rooted in the ethics of "Sab ka saath, Sab ka vikas�. "We need to make AI in India and it should work for India," Modi said. -
Sensex slips below 34,000-level, down over 200 points
On Friday, both the indices ended flat for the week. The Sensex rose marginally by 5 points, or 0.01 per cent, while the Nifty slipped by 2.65 points, or 0.02 per cent. -
Markets open lower: Sensex down 112 points, Nifty below 10,450
On Friday, both the indices ended flat for the week. The Sensex rose marginally by 5 points, or 0.01 per cent, while the Nifty slipped by 2.65 points, or 0.02 per cent.
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