PNB fraud LIVE: I-T dept attaches 7 Gitanjali properties, ED seizes fresh assets of Nirav Modi worth Rs 22 crore

The CBI officials on Monday conducted searches at Punjab National Bank's (PNB) Brady House branch in Mumbai even as whereabouts of Firestar Diamond owner Nirav Modi, who's accused of defrauding the bank of over Rs 11,400 crore, remain unknown.

Sensex closes 236 points lower to 33,774, Nifty falls below 10,400; PNB fraud roils sentiment

Worries about the impact from guarantees to PNB loans hit other lenders. "It could continue to impact for some more time. The issue of its impact on the entire PSU banking system will keep markets edgy," said Siddhartha Khemka, head of retail research, Motilal Oswal Securities.

India could be the first country to get Hyperloop One, Mumbai-Pune travel time to come down to 25 minutes

Virgin Group founder Richard Branson plans to inaugurate a hyperloop linking the two cities that will cut down travel time to 25 minutes, or less. The icing on the cake is that you won't have to break a bank for the privilege.

Was Nirav Modi trying to route some overseas funds into India to get reprieve from Indian banks?

Why was he pumping back money into India from overseas? Was it the same money that he siphoned off via letter of credit (LoU) and was trying to placate Indian banks by paying the interest or commission portion.

PNB loan fraud on The Good, The Bad and The Ugly

Why govt's relief to 15-year-old vehicles under Voluntary Vehicle Fleet Modernisation Programme is a welcome move; Why India's job crisis is serious in the age of automation and artificial intelligence; Why PNB fraud involving Nirav Modi opens up basic systemic loopholes and is alarming; Editor Rajeev Dubey explains all on The Good, The Bad and the Ugly

Mon Feb 19 20:59:04 IST 2018

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