Business
Sensex Down 150 points, Nifty Slips Below 10,400
Asian stocks declined following an overnight slide in US equities after President Donald Trump replaced his Secretary of State Rex Tillerson with CIA Director Mike Pompeo, extending a shake-up of his administration, spurring concerns about a one-sided app...
PNB Discloses Additional Fraud Worth Rs 942 Crore by Mehul Choksi's Gitanjali Group
In a court filing on Tuesday, police said the Gitanjali group of companies controlled by jeweller Mehul Choksi allegedly defrauded PNB of Rs 7,080 crore. PNB had previously pegged its exposure to the Gitanjali companies at Rs 6,138 crore.
Sensex Cautious on Weak Global Cues; TCS Cracks 5%
Shares of Tata Consultancy Services (TCS) cracked nearly 5 per cent after Tata Sons on Monday sold a 1.48 per cent stake in its flagship IT services firm to raise Rs 8,127 crore.
India Attracts USD 209 Billion FDI During April 2014 to December 2017
The main sectors that received maximum foreign inflows include services, computer software and hardware, telecommunications, construction, trading and automobile.
Govt Owes Air India Over RS 325 Cr for VVIP Chartered Flights
The bills for these aircraft are to be paid from the exchequer by the Defence Ministry, the Ministry of External Affairs Ministry, the Prime Minister's Office and the Cabinet Secretariat.
Railways to Invest Rs 75,000 Crore on Signalling System Project: Goyal
According to Railway Minister Piyush Goyal, Indian Railways plans to implement the most modern technology of European Train Control System (ETCS) in India to ensure safe journey.
Former Uber CEO Travis Kalanick Returns With Fund Aimed at India and China
The overarching theme of the new fund, pronounced "ten-one-hundred", will be to invest in real estate, ecommerce and emerging innovation in China and India, Kalanick said in a tweet.
No Plan for Pre-flight Safety Announcements in Regional Languages, Says Govt
Minister of State for Civil Aviation Jayant Sinha told the Lok Sabha that on-board announcements of pre-flight safety instructions for passengers about seat belts, emergency exits, oxygen masks and life vests are normally made in Hindi and English on all...
Global Shares Drop as Donald Trump Key Adviser's Departure Heightens Trade War Fears
White House economic adviser Gary Cohn, seen as a bulwark against protectionist forces within the Trump administration, said on Tuesday he was leaving.
Sensex Rallies 300 Points, Metal Stocks Rebound
The 30-share index rose 313.35 points, or 0.92 per cent, to 34,060.13. The gauge had lost 698.97 points in the previous four sessions.
RBI Slaps Rs 3 Crore Penalty on Axis Bank for NPA Violation
RBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to its financial position as on March 31, 2016.
Sensex Falls 250 Points; Nifty Slips Below 10,400 Level
The 30-share barometer shed 251.56 points, or 0.73 per cent, to 33,795.38. The gauge had lost 398.81 in the previous three sessions.
Defaulting Promoters Must be Barred from Bidding: Shikha Sharma
With the Reserve Bank doing away with all the past dispensations to resolve the bad loan problem, and voting for initiation of insolvency proceedings against erring borrowers, there is a need to strengthen the National Company Law Tribunals (NCLTs), Axis...
PNB Scam: Mauritius Promises Necessary Action
The Financial Services Commission (FSC) of Mauritius said in a statement that it has taken cognizance of the media reports about the purported fraud allegations with regards to Punjab National Bank, Nirav Modi and Mehul Choksi.
Quantum of PNB Fraud May Be $2 Billion, Bank Tells BSE in Late-Night Filing
The bank had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion). Adding another Rs 1,323 crore would take this to Rs 12,717 crore.
PNB Scam: Another Board Member Quits Gitanjali Citing Personal Reasons
Haldipur is the second independent director to quit the company's board after the alleged fraud surfaced this month
