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RCom chairman Anil Ambani

RCom shareholders approve asset sale plan

RCom in Dec signed a deal to sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to Jio.

16 Feb 2018 1:36 PM IST

Representational image of gold bars.

Gold futures remain up, gain 0.33 per cent on firm overseas cues

Gold is trading at Rs 30,680 per 10 gram as speculators raised their bets following positive leads from overseas...

16 Feb 2018 12:11 PM IST

Priyanka Chopra.

Priyanka Chopra to terminate contract with Nirav Modi

PNB has detected a Rs11,400 crore fraud where Nirav Modi allegedly acquired fraudulent LoUs from a branch in Mumbai.

16 Feb 2018 11:33 AM IST

Bank sought 100 per cent cash margins for issuing LoUs for raising buyers credit, which was contested by the firms saying they had availed of the facility from as early as 2010.

Union Bank has USD 300 million exposure to PNB fraud

Union Bank of India shares dropped 2.37 pc to Rs 117.25 while PNB stock fell over 3 pc to Rs124.45 on BSE.

16 Feb 2018 10:47 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

Punjab National Bank shares slide for third day

Stock hit its 52-week low on both BSE and NSE on Friday after it opened on a bearish note and fell 3.27 per cent to Rs...

16 Feb 2018 10:29 AM IST

Bombay Stock Exchange

Sensex rises 196 points, Nifty reclaims 10,600-mark

All the Sectoral indices led by realty, IT and metal were trading higher by up to 1.44 per cent.

16 Feb 2018 10:16 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Rupee gains 6 paise against dollar in opening trade

Rupee is trading at 63.85 against dollar in early trade, maintaining its upward trend for fourth straight day.

16 Feb 2018 9:56 AM IST

Fraud saw light after accomplice retired

PNB has charged that foreign branches of other Indian banks may also be involved in the fraud.

16 Feb 2018 8:11 AM IST

Punjab National Bank MD and CEO Sunil Mehta

Nirav Modi offered to pay, says PNB boss

The PNB CMD further said the bank has informed all the lenders about the case.

16 Feb 2018 8:08 AM IST

Punjab National Banks Mumbai had issued nearly 150 fraudulent letters of undertaking to Nirav Modi and his associates.

Fraud casts doubts on banks

Analysts say PNB episode expands risk areas for banks; claim PSBs use faulty procedure.

16 Feb 2018 8:04 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI says ready to inject more cash into banks by March-end

RBI will also allow standalone primary dealers to avail term repo auctions on March 28.

15 Feb 2018 4:46 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Stocks gain 0.42 pc after relief rally on easing inflation worries

The 30-share barometer rose by 141.52 points, or 0.41 per cent, to close at 34,297.47.

15 Feb 2018 4:07 PM IST