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A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

Lapses at many levels of bank led to huge PNB fraud, says report

The bank's CEO Sunil Mehta told in April he had suspended 21 officials and will not spare others found involved in...

20 Jun 2018 11:04 AM IST

Tripura Deputy Chief Minister Jishnu Dev Varma presented a Rs 16,387.21 crore tax-free budget for the financial year 2018-19. (Photo: ANI)

BJP govt presents first tax-free budget of Rs 16, 387 cr in Tripura

The first budget of the BJP govt also marginally increased road tax, except for three-wheelers and electric vehicles.

20 Jun 2018 10:47 AM IST

The BSE Sensex on Wednesday soared to a life-time high of 33,117.33 and the NSE Nifty scaled a historic 10,340.55 mark in opening trade. (Photo: AP)

Sensex opens in green on value-buying, up 130 points

Overseas, mixed trend at other Asian markets also influenced trading sentiments here.

20 Jun 2018 10:22 AM IST

Morgan Stanley listed out eight economic indicators that could play a significant role in determining the election outcome.

India to perform better than emerging markets

To the extent that rising oil prices is demand led, the deterioration in India's terms of trade is offset by stronger...

20 Jun 2018 6:41 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel faces flak after customer seeks different service...

Airtel got embroiled in a controversy after a subscriber sought to interact with a Hindu customer service...

19 Jun 2018 5:32 PM IST

Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against a judgment from Indias competition watchdog.

Google announces training programme for journalists

It is aimed at raising awareness against misinformation and providing new tools to the fourth estate against fake news.

19 Jun 2018 5:04 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

43.7 pc of electricity needs met through renewable energy, says...

The Bengaluru-based company has an installed capacity of 46.1 megawatt (MW) of solar energy across the country, it...

19 Jun 2018 4:50 PM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex tanks 261 points as US-China trade spat escalates

The 30-share barometer opened positive, but soon fell on widespread selling.

19 Jun 2018 3:59 PM IST

Italian super bike maker Ducati on Tuesday launched Multistrada 1260 in India priced at Rs 15.99 lakh (ex-showroom).

Ducati drives in Multistrada 1260 in India at Rs 15.99 lakh

The superbike range comes with various features like traction control and cruise control.

19 Jun 2018 3:25 PM IST

The government on Friday revoked the notification on the Gems and Jewellery sector which included jewellers under the Prevention of Money Laundering Act. Photo: PTI

Gold shines on global cues, jewellers' buying

Gold prices climbed by Rs 100 to Rs 31,900 per 10 grams at the bullion market on Tuesday.

19 Jun 2018 2:45 PM IST

Moodys upgrading Indias sovereign credit rating is a recognition of a series of reforms undertaken by the government, Commerce and Industry Minister Suresh Prabhu said on Friday. (Photo: AFP)

Non-financial corporate leverage levels to improve in FY19: Moody's

These companies reported strong financial results for FY18, with revenue and Ebitda increasing 13 per cent and 12 per...

19 Jun 2018 2:36 PM IST

Air India and its subsidiaries have nearly 20000 employees. Among them Air India has only 11,500 employees. Air India management has not offered their employees for voluntary buyouts, an Air India spokesperson said..

Govt puts off Air India stake sale due to election year ahead

The decision was taken at the high level meeting convened by Union Minister Arun Jaitley.

19 Jun 2018 2:03 PM IST