• Associate Sponsor
February 20, 2018 9:57 am

Oxford forecasts that in the long run, the debt of households and non-financial companies will remain above 100 percent of gross domestic product in most Asian economies, excluding Japan.

Japan's Sony to form alliance to build taxi-hailing system
February 20, 2018 9:51 am

Toyota Motor Corp has said it will take a stake in taxi-hailing service JapanTaxi, set up by Japan's largest taxi firm, Nihon Kotsu. Uber's new chief executive, Dara Khosrowshahi, is currently in Tokyo and is expected to meet with regulators.

February 20, 2018 9:36 am

The Guptas are friends of former President Jacob Zuma and have done business with his son Duduzane. One of the family’s alleged scams involved leasing a dairy farm on state land and redistributing the 220 million rand of government funds, earmarked for the development of the farm, into their accounts.

PM Modi, Rajnath Singh and Arun Jaitley at investors summit
February 20, 2018 8:37 am

‘Yogi to hold interactions with CEOs of various companies’

Fed minutes back more US rate increases
February 20, 2018 8:05 am

The move is likely to boost the chances of German Bundesbank Governor Jens Weidmann becoming head of the ECB next year to succeed Mario Draghi in 2019, possibly giving the ECB's policy a more hawkish tilt.

February 20, 2018 7:35 am

The export agreements are conditional upon receipt of regulatory and government approvals in Israel and in Egypt. Noble and Delek Drilling together control 85 percent of Leviathan, with the rest held by Ratio Oil.

demonetisation, demonetisation anniversary, narendra modi, pm modi, modi note ban, Black money, money laundering, Cooperative banks
February 20, 2018 2:35 am

“None of the 20 PSBs have a workman and an officer director as of now. Also, there has not been a single appointment of these directors over the last three-and-half years,” C H Venkatachalam, general secretary, All-India Bank Employees’ Association (AIBEA), said.

Adani, Adani Group, Carmichael coal project, Steven Ciobo, business news
February 20, 2018 1:03 pm

According to the DRI, the total over-valuation by the Adani firms in the two DRI cases is worth Rs 5,467 crore.

February 20, 2018 2:03 am

With GSTR-2 & -3 suspension deadline closing, Council aims to bring one form.

Modi mann ki baat full text
February 20, 2018 1:52 am

“Digital India is a journey bringing about digital inclusion for digital empowerment aided by digital infrastructure for digital delivery of services,” says PM Modi.

Dr reddy's,Dr Reddy's Laboratories, Dr Reddy's lawsuit, Dr Reddy's action suit
February 20, 2018 1:50 am

Company sources reiterated that this was an ongoing case and there was no merit in the allegations.

Narendra Modi, PM Narendra Modi, Magnetic Maharashtra, ‘Magnetic Maharashtra’ Convergence Summit 2018, Global Investors Summit, Make In India
February 19, 2018 10:50 pm

"In the first phase, I am required to build a prototype 19-seater plane and three more similar planes for production. The investment required for this will be Rs 200 crore, which is the immediate requirement and will be spent in the next six months," Amol Yadav said.

Nifty, Nifty today, stock market, stock market today
February 19, 2018 4:58 pm

"The SGX Nifty family of products can continue to list, trade and clear uninterrupted on SGX until August 2018 at a minimum, supported by the current licence agreement with NSE," the Singapore bourse said in a statement.

Punjab National Bank, pnb shares, pnb share value, PNB fraud case, Nirav Modi, PNB stocks, Business news, Indian Express
February 19, 2018 2:43 pm

In four trading sessions, the stock has lost nearly 28 per cent and suffered an erosion of Rs 10,781.12 crore from its market capitalisation. Meanwhile, shares of PNB Housing slipped 1.36 per cent to Rs 1,184.35 on BSE.

Punjab National Bank, pnb shares, pnb share value, PNB fraud case, Nirav Modi, PNB stocks, Business news, Indian Express
February 19, 2018 11:31 am

AIBEA said fraud has raised a number of questions on technology issues, supervision, monitoring, audit and internal control besides role of RBI in the whole episode.

The announcement comes more than a week after leading bourses - BSE, NSE and Metropolitan Stock Exchange of India - decided to curb all licensing agreements and stop offering live prices to international exchanges.
February 19, 2018 10:26 am

Globally, in the Asian region, Japan's Nikkei rose 1.33 per cent, while markets in Hong Kong and China remained shut on Monday on account of a public holiday. The US Dow Jones Industrial Average ended 0.08 per cent higher on Friday.

Fed minutes back more US rate increases
February 19, 2018 6:58 am

Focus was on economic indicators due this week, such as Wednesday's euro zone purchasing managers' index and Friday's German gross domestic product numbers, and whether they could propel the euro higher again.

February 19, 2018 4:31 am

The overall employment in the eight sectors had seen an addition of 77,000 workers in April-June 2016 and an increase of 1.85 lakh workers in January-March 2017.

February 19, 2018 7:44 am

The Richard Branson-led Virgin Group on Sunday signed a framework agreement with Maharashtra to build a hyperloop transportation system between Mumbai and Pune during the Magnetic Maharashtra investor summit.

marble mining in J&K, limestone mining in J&K coal mining, Jammu and Kashmir, Jammu & Kashmir Legislative Council Chairman, Indian Express news
February 18, 2018 2:41 pm

According to official documents, the Department of Geology & Mining has established presence of 102.7 million cubic metres of granite reserves in Manjigund, Shilkchay, Channingund, Bhimbat and Kharbu areas of Kargil district.

PNB Scam, Nirav Modi, PNB Fraud, Punjab National Bank Fraud, 11000 crore scam, Gitanjali Group fraud, SEBI, Bank loans, Indian Express
February 18, 2018 12:25 pm

Sebi has already launched a probe into trading and disclosure related issues in the matter of Punjab National Bank (PNB) and Gitanjali Gems in connection with the biggest fraud in the Indian banking industry so far allegedly perpetrated by Nirav Modi

India's finished steel export slides over 30% in January
February 18, 2018 11:55 am

Exports should account for 6-7 per cent of India's total steel production in the next few years, up from the 1.5 per cent at present, Union Steel Minister Chaudhary Birender Singh had earlier said.

CBI arrests Punjab National Bank officials
February 18, 2018 6:15 am

The RBI has denied reports that it has directed PNB to meet its commitments under the Letter of Undertaking (LOU) to other banks.

While LIC increased its holding in 56 companies listed at NSE in the quarter ended December 2017, it reduced its holding in 78 companies.
February 18, 2018 6:45 am

Even as LIC’s gains in value of portfolio is mostly on account of rise in markets (as its overall holding percentage has come down), in the quarter ended December 2017 LIC held more than 1 per cent stake in 327 companie

February 18, 2018 3:23 am

Committee on GST returns simplification to submit report by end of the month

February 17, 2018 9:14 pm

To address the problem, "I think four 'Rs' are the answers. They are Recognition, Resolution, Recapitalisation and Reforms," he said at the Annual Convention 2018 of Madras Management Association, in Chennai. "Recognition" is identifying the stressed assets and non-performing assets in banks," he said.

CBI arrests Punjab National Bank officials
February 17, 2018 7:39 pm

PNB fraud case: Gokulnath Shetty and Manoj Kharat apart from Hemand Bhat will be produced before a CBI Special court in Mumbai today.

Reforms accelerating affordable housing finance growth momentum
February 17, 2018 3:42 am

The affordable housing segment is clearly on an uptrend. Growth in supply has been estimated to be 15 per cent in terms of launches in the last three months, as compared with the previous quarter.

Air traffic grows 20% in January to 1.15 crore
February 17, 2018 3:27 am

While the largest Indian airline IndiGo reported a passenger load factor of 89.7 per cent, the second largest carrier Jet Airways saw a load factor of 88.7 per cent, followed by Tata-Singapore Airlines joint-venture Vistara at 87 per cent and flag-carrier Air India at 84.6 per cent.

While LIC increased its holding in 56 companies listed at NSE in the quarter ended December 2017, it reduced its holding in 78 companies.
February 17, 2018 3:22 am

New business performance by the corporation for nine months ended December 2017 has shown an impressive growth of 19.47 per cent with its first year premium netting Rs 99,783.33 crore.

February 17, 2018 3:16 am

As per Economic Survey for 2017-18, a total of 1.45 lakh appeals were pending with the Commissioner (Appeals), Customs, Excise and Service Tax Appellate Tribunal (CESTAT), High Courts and the Supreme Court together, that were valued by the Department at Rs 2.62 lakh crore As of the quarter ending March 2017.

The European drug regulator, which was established in 1995, is going to shift its headquarters from London to Amsterdam due to Britain’s exit from EU.
February 17, 2018 3:10 am

Britain’s exit from the European Union (EU) is a big loss for the latter’s pharmaceutical regulatory structure and member-countries have been asked to step up their competence and expertise to cope with Britain’s departur

February 17, 2018 3:02 am

On Monday, the price regulator refused to provide separate sub-category and higher ceiling price for latest-generation biodegradable stents, as requested by multinational medical device companies.

Supervisory action in PNB fraud soon, says RBI
February 17, 2018 2:47 am

According to banking sources, the bank may end up providing for the full amount in its books but a clear picture will emerge only when investigations are complete and the bank and the RBI scrutinise the details of the fraud.

sensex, NSE Nifty, commerce ministry,  sensex today, indian express, india news, latest news 
February 17, 2018 2:44 am

Punjab National Bank (PNB) has lost market capitalisation worth Rs 8,731 crore after shares of the company slumped for the third straight session following the detection of a Rs 11,400-crore fraud.

Nirav Modi case: RBI calls PNB fraud as 'case of operational risk', vows appropriate supervisory action
February 16, 2018 9:35 pm

On Wednesday, state-owned PNB admitted that it had detected fraudulent transactions worth over Rs 11,000 crore jewellery czar Nirav Modi.