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PTI
July 18, 2019
The pilots, who were operating the UK944 flight, were grounded by the DGCA on Tuesday, a day after they issued the distress call


BusinessToday.In
New Delhi, July 18, 2019
Bill Gates no longer 2nd richest person in the world, Jeff Bezos remains on top; Cabinet approves amendments to bankruptcy law, allows 330 days for resolution; Netflix plans to launch cheaper mobile-only plan in India; and more on News Blast.


BusinessToday.In
New Delhi, July 18, 2019
Allahabad Bank hit by fraud of Rs 688 crore by SEL ManufacturingState-owned Allahabad Bank said it has been hit by a fraud of Rs 688.27 crore by SEL Manufacturing and the matter is before the National Company Law Tribunal.Last week, the Kolkata-headquartered lender had disclosed to the RBI about a fraud of Rs 1,774.82 crore by Bhushan Steel and Power Ltd., alleging diversion of funds from banking system by the company.Bill Gates no longer 2nd richest person in world; Jeff Bezos rema...


PTI
Kolkata, July 18, 2019
Last week, the Kolkata-headquartered lender had disclosed to the RBI about a fraud of Rs 1,774.82 crore by Bhushan Steel and Power


Reuters
Bengaluru, July 17, 2019
Earlier this month, Punjab National Bank said it had reported a borrowing fraud of Rs 3,805 crore in Bhushan Power's account to the Reserve Bank of India


BusinessToday.In
New Delhi, July 16, 2019
Most companies do not provide insurance cover to unmarried or live-in partners of heterosexual employees as the legal status and rights of unmarried couples are yet to be clearly defined in the Indian system.


BusinessToday.In
July 15, 2019
Domestic equity indices BSE Sensex and NSE Nifty ended on a bullish note on Monday, driven by heavy gains in index heavyweight Infosys, Sun Pharmaceutical Industries, Maruti Suzuki India, Tata Consultancy Services  and Mahindra & Mahindra . The 30-share index settled 160.48 points higher at 38,896 level and the broader Nifty50 ended at 11,588, registering a gain of 35 points.Commenting on the Market rundown today, Vinod Nair, Head of Research, Geojit Financial Services ...


BusinessToday.In
July 15, 2019
Domestic equity indices BSE Sensex and NSE Nifty ended on a bullish note on Monday, driven by heavy gains in index heavyweight Infosys, Sun Pharmaceutical Industries, Maruti Suzuki India, Tata Consultancy Services  and Mahindra & Mahindra.


BusinessToday.In
New Delhi, July 15, 2019
Global brokerage agency Morgan Stanley has maintained a target price of Rs 505 per share, nearly 24 per cent higher as compared to Friday's closing level of Rs 407.70


BusinessToday.In
July 15, 2019
Shares of Allahabad Bank declined nearly 15% on Monday after the lender reported a fraud of over Rs 1,775 crore by Bhushan Power and became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker.


Reuters
New Delhi, July 14, 2019
The company said it was \"undergoing substantial financial stress\" and its ability to raise funds was \"substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements.\"


Reuters
New Delhi, July 14, 2019
Allahabad Bank said in a statement that it had told the Reserve Bank of India (RBI) that it had identified a fraud worth $259 million in Bhushan's accounts.


BusinessToday.In
July 5, 2019
Sensex Live Today: Sensex and Nifty closed on a negative note, as market participants turned cautious post the outcome of Union Budget 2019 amid globally weakened markets.


PTI
July 4, 2019



PTI
July 4, 2019
The bank Wednesday announced a tie-up with Manipal Global Academy of BFSI, aiming to hire 5,000 over the next three years, after they finish a year-long training at the institute.


BusinessToday.In
July 3, 2019
The Public sector bank (PSB) employees have renewed their demand that has been pending for long after the government's decision to clear the pension issues for the Reserve Bank of India (RBI) earlier this year.


BusinessToday.In
July 3, 2019
Giving details, the RBI said the penalty has been imposed for non-compliance with certain provisions of directions issued by it on know your customer norms or anti-money laundering standards and opening of current accounts.


Munish Pandey
New Delhi, July 1, 2019
Sterling Biotech case: The extradition proceedings of main accused Nitin Sandesara, Chetan Sandesara and Hitesh Patel has been initiated by ED and it is believed that the family is hiding in Albania.


BusinessToday.In
June 29, 2019
Sandesara Group and its main promoters have cheated Indian banks to the tune of Rs 14, 500 crore and this bank fraud is now said to have superseded the infamous 2018  PNB scam, said ED


PTI
June 25, 2019



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