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The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB shares drop over 11 per cent after BPSL fraud case

At present, the case is at NCLT which is in advance stage and the Bank expects good recovery in the account.

8 July 2019 12:32 PM IST

The government will meet the 3.5% fiscal deficit target for FY18 as broadly direct and indirect collections are in line with expectations and there have been some savings on expenditure, Hasmukh Adhia said.

India aims to cut stake in state-run firms to minimum in FY20: Source

Government seeks to shore up 1.05 trillion rupees (USD 15.30 billion) through stake sales in the current fiscal year.

8 July 2019 12:21 PM IST

Gamers who experience games for over 2 years, usually exhibit switching behaviour to PC or Console based gaming. (Photo: Pixabay)

Skill gaming industry: The road ahead

The cost of playing online games have plummeted, thanks to affordable internet connectivity.

8 July 2019 12:16 PM IST

According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Hike in gold import duty part of policy to curb non-essential imports:...

Hike in gold import duty to 12.5 per cent from 10 per cent could lead to problems like smuggling.

8 July 2019 11:39 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Rs 70,000 cr capital infusion in PSBs credit positive, to boost...

The capital infusion will help some banks to come out of the central bank's prompt corrective action.

8 July 2019 11:03 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee slips 16 paise to 68.58 against US dollar

The rupee came under pressure following heavy selling in domestic equities amid outflow of foreign funds.

8 July 2019 10:00 AM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex tanks over 400 points, Nifty below 11,700

The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72.

8 July 2019 9:44 AM IST

Germanys biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros (USD 34 billion) in a routine operation, more than the entire bank is worth.

Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

Deutsche Bank could cut as many as 20,000 jobs more than one in five of its 91,500 employees.

8 July 2019 8:56 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB says detects 38-billion rupee fraud

PNB has been defrauded of over USD 2 billion in a separate scam that came to light last year.

8 July 2019 8:45 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Corrective phase looms

The broader market also traded in a range as the Nifty Mid-Cap and Small-Cap Index closed lower.

8 July 2019 2:34 AM IST

The Union Budget presented by the new Finance Minister Nirmala Sitharaman could not offer tea producers in India the cuppa that cheese. And thats not without reasons.

Tea industry neglected

Interestingly, Iran, under normal circumstances, buys 28-30 million kg of orthodox teas from India.

8 July 2019 2:31 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Share buyback to attract higher tax

Indian IT stepped up payout of free cash flow through a mix of dividend and buyback (more tax efficient) in the past...

8 July 2019 2:28 AM IST