The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
Siva Sankar looks at S P Balasubrahmanyam's fantastic repertoire.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Aseem Chhabra picks 10 fascinating films he watched in Macao -- a blend of Asian, independent, Hollywood projects and even a 66-years-old classic Japanese film that still stands the test of time.
Recipes by Chef M A Sayyad at the Ranbanka Palace.
'The relationship between Victoria and Tagore was one of mutual admiration and respect.'
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
"Guide to looting India by Nirav Modi - - 1) Hug PM Modi 2) Be seen with him in Davos. Use that clout to: A) Steal 12,000 crore B) Slip out of the country like Mallya, while the government looks the other way," Congress chief Rahul Gandhi tweeted.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Indian jewellers such as Gitanjali Gems, Malabar Gold and Kalyan Jewellers have opened stores abroad to limit the slump in sales.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
An eyewitness travelling in the train claimed some passengers suffered minor injuries.
Stocks to watch: Videocon, Blue Star, Hitachi, MIRC Electronics, BPL, Whirlpool, Gitanjali, Titan Group
The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.
Broader markers outperformed their larger peers.
The traditional Indian drape may be the garment of choice on an auspicious occasion but it is time to revive it for everyday use say experts.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
India's long-held position as the world's top diamond polisher is being challenged by soaring output from China.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Several industry verticals such as food and beverage, education, fashion and tourism are leveraging their growth by franchising their products under various formats.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
'How can the police, especially the Gujarat police, earn their laurels if they stick to the rule book?' asks lawyer Susan Abraham.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Dealers expect prices to fall further, owing to an impending rate hike in the US
Top ranked women recurve archer Deepika Kumari (Jharkhand) retained the individual title, while in the men's section Atanau Das (PSPB) emerged winner in the Individual Olympic Round of the 34th Senior National Archery Championship at JRD Tata Sports complex in Jmashedpur.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Try them at home and impress your guests on the festival of colours.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
Sensex ends lower; govt schemes in focus.
How many of the 319 films Aseem Chhabra watched in 2018 have you seen?
Aseem Chhabra picks the scenes that left him impressed this year.
