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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

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

Bookings for the Redditch series will open on January 7, 2017 at all Royal Enfield stores across India,

Royal Enfield strengthens its dealership network in Maharashtra

Dealership has over 5000 sq ft area dedicated for servicing and maintenance and 2000 sq ft area for showroom.

15 Feb 2018 2:15 PM IST

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

PNB tanks 9 per cent on Rs 11,400-crore scam

PNB stock opened at Rs 137, then hit a low of Rs 133.45, down 8.47 per cent over its previous closing price.

15 Feb 2018 11:58 AM IST

(Photo: ANI | Twitter)

PNB fraud: ED conducts multi-city raids on Nirav Modi showrooms

ED teams raided three sites in Surat, four in Mumbai and two in Delhi on Thursday morning.

15 Feb 2018 11:46 AM IST

Last month Idea announced plans to raise a total 67.5 billion rupees ahead of proposed merger

Idea Cellular launches up to USD 546 million share sale

Share sale has a floor price of 86.84 rupees per share, with a potential discount of up to 5 per cent.

15 Feb 2018 11:40 AM IST

PNB scam: Nirav Modi got fraudulent LOUs for overseas credit

PNB has suspended 10 officers over the USD 1.77 billionscam and referred matter to CBI for investigation.

15 Feb 2018 10:11 AM IST

Amazon shares soared Thursday after the Internet giant reported earnings that topped expectations. (Photo: AFP)

Walmart ramps up tech to fight Amazon

American top brick-and-mortar retailer takes cloud to improve its offers.

15 Feb 2018 2:14 AM IST