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BusinessToday.In
May 22, 2018
A consumer in India spends as much as 35 per cent more on petrol than consumers in Pakistan.


BusinessToday.In
New Delhi, May 22, 2018
The Narendra Modi government in November 2016 had banned old currency notes of Rs 500 and Rs 1,000, which comprised over 80 per cent the country's cash, to curb black money and promote digital transactions.


www.businesstoday.in
New Delhi, May 22, 2018
Indian defence establishment is working towards developing artificial intelligence-based weapons and surveillance systems to be ready for the wars of the future; one of the objectives of the 270-day deadline to resolve all cases of insolvency under the Insolvency and Bankruptcy Act was to ensure time-bound resolution of cases, however, a spate of legal cases admitted by the courts and their intervention has been a dampener and fugitive fraudster Nirav Modi is now believed to be hiding in London on a Singaporean passport. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Prosenjit Datta
May 22, 2018
While there is little doubt now that if the opposition decides to band together and fight unitedly, it can defeat the BJP - it happened when the RJD and the JDU came together in Bihar, and again when BSP and SP came to an understanding in the UP bypolls - the real question is what happens once the BJP has been defeated.


www.businesstoday.in
May 22, 2018



BusinessToday.In
May 22, 2018
With rising petrol and diesel prices, there is a risk of the monetary policy turning hawkish, which would, in turn, have a bearing on growth of private investments.


BusinessToday.In
May 22, 2018
The CBI has claimed that former MD and CEO of the Punjab National Bank Usha Ananthasubramanian was aware of the fraudulent transactions worth Rs 14,000 crore involving diamond merchant Nirav Modi. Ananthasubramanian headed the PNB from August 2015 to May 2017.


Reuters
May 22, 2018
Senior executives at Punjab National Bank misled the RBI in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the CBIalleged in a charge sheet filed in court.


www.businesstoday.in
May 21, 2018



BusinessToday.In
Mumbai, May 21, 2018
The biggest crooks in the entire list were the former CEO and MD of PNB Usha Ananthsubramanian, KV Brahmaji Rao (ED, PNB), Sanjiv Saran (ED, PNB) and Nehal Ahad (GM of PNB.


www.businesstoday.in
May 21, 2018



BusinessToday.In
New Delhi, May 21, 2018
After almost a decade of limping growth, the significant recovery of the global economy as well as that of the Global Steel Industry in 2017 also points to a favourable outlook for the Indian steel industry.


www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 21, 2018



Rajeev Dubey
New Delhi, May 21, 2018
India's crude basket which was at $52.49 in April 2017 is now well over $72. If crude gets to $100, India's price could be $93 for the full year, according to a report released by the SBI. That's nearly double of 2016-17.


BusinessToday.In
May 22, 2018
Interestingly, while the retail prices have gone up, the price at which the fuel is sold to petrol pump dealers has come down drastically since 2013.


www.businesstoday.in
May 21, 2018



BusinessToday.In
May 21, 2018
With this move, Moody's has become the second rating agency to downgrade the PNB. Last month, Fitch Ratings on Wednesday downgraded the viability rating of scam-hit Punjab National Bank from BB to BB-. The move was based on similar concerns - negative impact on bank's financials.


PTI
May 21, 2018
Replying to an RTI query, the RBI had also earlier declined to share inspection reports for scam-hit PNB. In response to queries under the transparency law, the central bank had said that the RBI does not carry out audit of banks, but conducts inspection/risk-based supervision of banks.


Sumant Banerji
May 21, 2018
Petrol price has hit a record high of Rs 76.57 per litre in Delhi, beating the previous all time high of Rs 76.06 of September 2013 after oil marketing companies raised prices by 33 paise on Monday.


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