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With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI puts Dena Bank under prompt corrective action

In value terms, the gross NPAs or bad loans rose to Rs 16,361.44 crore from Rs 12,618.73 crore.

12 May 2018 11:18 AM IST

The government last year relaxed FDI norms in over a dozen sectorsBusiness
Centre clears FDI proposals worth Rs 3,250 crore

Department of Economic Affairs stated that a total of five proposals were disposed of, out of which three were approved.

12 May 2018 11:02 AM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.Business
Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM IST

Apart from Subramanian Swamy, other former judges and senior advocates of the Supreme Court also reacted to the press meet. (Photo: PTI)Business
Subramanian Swamy wants I-T abolished to ease burden

He said most taxpayers are the middle class and startup entrepreneurs and it amounts to harassment for them.

12 May 2018 12:26 AM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.Business
Industrial output dips to 4.4 per cent

However, despite a low growth RBI is not expected to cut interest rates in the next policy review meeting due to...

12 May 2018 12:17 AM IST

Sanjeev ZarbadeBusiness
US inflation data helps ease fears; markets rally

According to the provisional data released by the stock exchanges, foreign portfolio investors sold shares worth Rs...

12 May 2018 12:16 AM IST

India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu on Monday said.Business
Banks must understand jewellery sector before funding, says Prabhu

He urged banks to have proper risk-mitigation mechanisms in place to avoid any potential frauds.

11 May 2018 6:46 PM IST

Morgan Stanley listed out eight economic indicators that could play a significant role in determining the election outcome.Business
Morgan Stanley sells nearly 38 lakh shares of Gitanjali Gems

The share price of Gitanjali Gems on Friday closed at Rs 3.84.

11 May 2018 6:35 PM IST

Industrial output or IIP rose 1.2 per cent in July. Photo: PTIBusiness
Index of Industrial Production records 5-months low growth of 4.4 pc

The previous low at 1.8 per cent was recorded in October 2017.

11 May 2018 6:29 PM IST

Trump administration in the WTO alleged that export incentives were harming American companies.Business
WTO sets up panel to resolve India-US renewables case

World Trade Organisation has set up a panel to resolve the dispute raised by India against the US.

11 May 2018 6:22 PM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarterBusiness
Nestle India shares jump nearly 6 pc as Q1 profit jumps

Shares of Nestle India on Friday rose nearly 6 per cent after the FMCG major reported 35.98 per cent jump in profit.

11 May 2018 6:14 PM IST

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.Business
Dena Bank widens Q4 net loss at Rs 1225 cr as bad assets soar

For the entire fiscal, 2017-18, the bank has posted a net loss of Rs 1,923.15 crore.

11 May 2018 5:22 PM IST

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