Business
PNB Scam: Jewellery Industry Had Warned Raghuram Rajan About 80:20 Gold Scheme
The bullion body also asked Rajan to “make a prudent appraisal” of the decision and “check the loopholes before it was too late,”
Bank Stocks Feel the Heat as PNB Turmoil Deepens
Shares of the State Bank of India fell 2.77 percent to settle at Rs 256.50 on BSE, while that of ICICI Bank tumbled 2.64 percent to end the day at Rs 295.10.
Government Harmonising Spectrum for 5G: Telecom Secretary
Chinese telecom gear maker ZTE, which has recently won major 4G contract from BSNL, is planning to start capacity building around new technology in India, the telecom secretary said.
Banks Write Off NPAs Worth Rs 516 Crore of 38 Wilful Defaulters in First Half of FY18
As part of this exercise, 38 loan accounts of wilful defaulters were written off the books of banks during April-September period of 2017-18, it said.
Oil Rises As Wall Street Bounces Off Lows, Crude Posts Weekly Loss
On Thursday, oil followed the stock market lower after President Donald Trump said he would impose hefty tariffs to protect U.S. producers. Investors feared the move would spark a trade war.
Simbhaoli Sugars Shares Plunge 20% on Reports of Rs 98 Crore Loan Default Case
The stock tanked 19.88 per cent to Rs 13.50 - its 52-week low - on BSE.
PNB Scam-tainted Mehul Choksi Tells Employees Can’t Pay Salaries, Look for New Jobs
Mehul Choksi's company, Gitanjali Gems, employs over 3,500 people, The open letter, released by his lawyer Sanjay Abbott, expressed “helplessness” at the situation and asked employees to look for other jobs.
PNB Denies Rumours of Cash Withdrawal Limit, Virat Kohli Stepping Down as Brand Ambassador
The notice came after several reports of measures taken by the bank which is reeling after the discovery of an alleged Rs 11,400 crore fraud by diamond merchant Nirav Modi and his uncle Mehul Choksi.
Infosys Shareholders Approve Appointment of Salil Parekh as CEO, MD
As per results of postal ballot and e-voting filed by the IT major, 97.96 per cent shareholders through physical ballot and electronic mode voted in favour of appointment of Parekh on February 20,2018.
PNB Fraud: Top Executives Grilled as Probe Reaches Bank's HQs
The searches by the Enforcement Directorate continued for the sixth day on Tuesday, with its chief Karnal Singh even cancelling his scheduled visit to France to attend a meeting of global anti-money laundering agencies so he could personally monitor the p...
Asian Shares Extend Global Recovery, Volatility Subsides
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, having recovered more than 40 percent of their losses from late last month to last week's low.
France's AFD Keen to Invest 100 Million Euros in Smart City Project
Under the smart city mission, the government has so far identified 99 cities for upgradation which would require a total investment of about Rs 2.03 lakh crore.
Paytm Founder Vijay Sharma Cries Foul, Alleges WhatsApp not Following Security Guidelines
"We are just seeking an equal treatment. WhatsApp payment does not ask for log-in password, which is a huge security risk for consumers. While it (WhatsApp's payment) is in beta testing, we don't think there will be any changes added later," Vijay Sharma...
Govt Proposes Permitting Premature Closure of PPF Account
Dismissing concerns expressed in the certain section of media, the ministry said that all existing protections have been retained while consolidating PPF Act under the proposed Government Savings Promotion Act.
EPFO May Retain 8.65 Percent Interest Rate for FY'18
The Employees Provident Fund Organisation (EPFO) has already sold exchange-traded funds (ETF) worth Rs 2,886 crore earlier this month to bridge the gap to maintain 8.65 per cent for this fiscal, they said.
RBI Tightens Rules, Sets 180-day Timeline for Banks to Settle Bad Loans
RBI said the new set of rules are aimed at creating a "harmonised and simplified generic framework" for resolution of stressed assets in view of new bankruptcy regulations.
