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Fraudhit lender PNB plots revival after second straight quarterly loss

2 weeks ago
By Devidutta Tripathy and Chris Thomas. BENGALURU/NEW DELHI () India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a massive fraud, but expects faster bad loan recovery to  ... ...

MH370 probe: Husband of Indian passenger missing says report "disappointing"

3 weeks ago
The husband of Chandrika Sharma, one of the five Indian nationals missing in the Malaysian Airlines flight MH370 tragedy, today said he was "disappointed" as authorities have failed to tell him how his wife vanished along with 238 others in 2014. ... ...

Air India Express aircraft overshoots runway at Mumbai airport

1 month ago
Read more about Air India Express aircraft overshoots runway at Mumbai airport on Business Standard. As many as 89 people on board an Air India Express flight had a narrow escape today as the aircraft overshot the runway while landing at the Mumbai airport amid heavy rains.The Boeing 737800 aircraft arriving here from Vijaywada stopped 10 feet ... ...

Will work closely with West Bengal for its progress: Prabhu

1 month ago
Union Minister for Commerce and Civil Aviation Suresh Prabhu today said his ministry will work closely with the government of West Bengal, which has a "great potential" to become an economic hub in future. "We want the state to achieve progress. We ... ...

Ahmedabad: CBI arrests 2 retd. bank officials in a loan fraud case

2 months ago
The Central Bureau of Investigation (CBI) on Friday arrested two senior retired officers of Bank of India in an alleged loan fraud of approximately Rs. 2,654 crore by a Vadodarabased firm. Both the arrested accused will be produced on Saturday before  ... ...

Rahul targets Modi over rise in Indian money in Swiss banks

2 months ago
Congress president Rahul Gandhi today took a swipe at Narendra Modi over the rise in Indian money in Swiss banks, alleging that the prime minister says a 50per cent jump in deposits by Indians is "white money" and that there is no "black money". "2014  ... ...

Exclusive

2 months ago
By Nidhi Verma. NEW DELHI () India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the ... ...

China to pursue more trade with France, EU raises 'difficult issues'

2 months ago
BEIJING () China told France on Monday it would buy more of its farm produce, hinted at future Airbus purchases and pledged to work on market access, shoring up its trade ties with Europe amid the increasing danger of a tariff war with the ... ...

Sensex, Nifty settle with modest losses

2 months ago
Key benchmark indices ended with modest losses as negative global cues spoiled sentiment. The barometer index, the S&P BSE Sensex, fell 114.94 points or 0.32% to settle at 35,432.39. The Nifty 50 index fell 30.95 points or 0.29% to settle at 10,741.10. ... ...

Bank Of Maharashtra CMD arrested in Rs 2043 cr fake loans case

2 months ago
In a major swoop, the Economic Offences Wing (EOW) here arrested Ravindra P. Marathe, the Chairman and Managing Director of Bank of Maharashtra, and six others in a case of around Rs 2,043 crore fraudulent loans extended to Pune's DSK Group,  ... ...

RBI policy rate hike transmission soon, say bankers

3 months ago
Bankers said today that the Reserve Bank's decision to hike policy rate by 25 basis points will anchor inflationary expectations and policy rate transmission would happen in the coming days. Anticipating policy rate hike, many big lenders including SBI Four firsts, two surprises and three ta ... ...

Grieving families of MH370 want Malaysian Govt to continue search for the missing plane

3 months ago
Some of the still grieving family members of the 239 people on the missing Malaysian Airlines flight MH370, including Indians, have urged the new Malaysian government to renew the search for the plane after the latest, privately funded search ended today. ... ...

Dutch, Australia say Russia behind downing MH17

3 months ago
The Netherlands and Australia today moved towards launching legal action against Russia, accusing Moscow of being behind the 2014 shooting down of flight MH17 over wartorn eastern Ukraine. It came a day after international investigators concluded that  ... ...

Amitabh Bachchan shares screen space with daughter Shweta, calls the opportunity 'an honour, a pride'

3 months ago
Amitabh Bachchan has always expressed how proud he is of his daughter Shweta Nanda. Not very long ago, he shared a picture of Abhishek Bachchan and Shweta calling them apple of his eye. Now, the actor has got the chance to share the screen space  ... ...

NDVizag AP Express fire: Blaze may have started in AC unit, says

3 months ago
Read more about NDVizag AP Express fire: Blaze may have started in AC unit, says on Business Standard. Two coaches of the New DelhiVisakhapatnam AP Express today caught fire near Birlanagar station here after the airconditioning unit of a coach threw up a problem, officials said.All the passengers in the train, including 150 in the B6 and B7 ... ...

Sebi warns PNB for late disclosures in Nirav Modi scam

3 months ago
PNB said today that markets regulator Sebi has warned it for delay in disclosures to stock exchanges about the USD 2 billion fraudulent transactions allegedly carried out by Nirav Modi and Gitanjali Group of companies. Taking serious note of delay in ... ...

CBI probes suspected $90 million loan fraud at IDBI Bank

4 months ago
CBI probes suspected $90 million loan fraud at IDBI IDBI Bank Q3 loss narrows to Rs 1,524cr even as bad loans soar PSU banks gain as FM says banks ready to support growth Capital infusion credit positive for PSBs: S&P Public sector banks trade mixed as ... ...

China posts strong Q1 growth as robust consumer demand buffers trade worries

4 months ago
China posts strong Q1 growth, hearty consumer demand buffers trade worries for now China's factory inflation slowest in 13 months as war on pollution steps up China's service sector grows at fastest pace in nearly six years in January Caixin PMI Euro ... ...

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