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The extent of the unravelling fraud at Indias state-run Punjab National Bank could rise beyond the nearly $2 billion mark so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters.

Big wilful defaulters owe Punjab National Bank Rs 15,172 crore

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017.

6 May 2018 11:33 AM IST

Fortis last week to Rs 155 per share by valuing the hospital business higher at Rs 6,061 crore, from Rs 5,003 crore initially.

Fortis shareholders approve acquisition of RHT Health Trust assets

In February, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets.

5 May 2018 5:44 PM IST

Wedding season in the coming weeks is expected to up the demand for gold. (Photo: PTI)

Gold extends losses on weak global cues, muted demand

Gold is trading at Rs 32,080 per 10 grams at the bullion market.

5 May 2018 2:38 PM IST

Asian Development Bank chief Takehiko Nakao. (Photo: AFP)

India nudges ADB to invest in fintech, health startups

ADB may also need to post more international staff from headquarters to resident missions.

5 May 2018 2:32 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

SEBI to allow longer hours for equity derivatives trading

NSE and its smaller rival BSE said they would look to extend trading hours and work out plans before October.

5 May 2018 2:15 PM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Market snap five week winning streak, slip 54 points

The Sensex gained 2,373.16 or 7.28 per cent during the previous five weeks session.

5 May 2018 1:09 PM IST

Cab aggregator Ola on Thursday said it will offer in-trip insurance cover to riders, who can avail the service by paying Re 1 for intra-city travel.

Now book an Ola right from your Mobikwik App

Mobikwik users can use 10 per cent SuperCash to get discount upto Rs 100 on every ride.

5 May 2018 11:24 AM IST

The Directorate General of Safeguards (DGS) has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

GST Council announces simplified return filing process

A taxpayer shall be also given user-friendly IT interface and offline IT tool to upload the invoices.

5 May 2018 11:09 AM IST

The Competition Commission of India (CCI) in 2016 ordered an investigation into whether Monsanto had abused its dominant position as a supplier of genetically modified (GM) cotton seeds. (Photo: AFP/ File)

Monsanto appeals to India's SC over GM cotton patents

Monsanto's GM cotton seed technology went on to dominate 90 perc ent of India's cotton acreage.

5 May 2018 11:02 AM IST

Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now has time till April 30 to complete the process, the finance ministry said on Wednesday.

GST return filing becomes simpler

This scheme will not be applicable on composition dealers.

5 May 2018 3:30 AM IST

Flipkart on Tuesday said it has completed the merger with eBay Indias operations.

Flipkart board approves Walmart's bid, says report

Flipkart declined to comment when contacted by AFP.

5 May 2018 2:37 AM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Equity derivatives get extended hours

Currently, trading in equity and equity derivative markets are allowed from 9.15 am till 3.30 pm.

5 May 2018 2:36 AM IST