ugar mills in UP owe thousands of crores to cane farmers.
Gokulnath Shetty, then deputy manager (now retired), Manoj Kharat, a single window operator of PNB, and Hemant Bhat were taken into custody by the agency
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
The incoming government will have to encourage private investments, bring down cost of capital
PNB is fully committed to its clean banking policy. That is why we are the first one to detect and report this to the various law enforcement agencies," PNB's CMD Sunil Mehta said on Thursday.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Although the Haryana police claim to have solved the sensational Rs 100 crore bank heist case in Gohana town of Sonipat, the family of the robbery's alleged mastermind refuse to believe the cops. The family of Mahipal Banwala, the alleged mastermind who was found dead in his car, refuse to believe that a strong self-made man like him could never have committed suicide.
There can't be a parallel inquiry and parallel monitoring by the courts, Attorney General K K Venugopal told the court.
Prime Minister Narendra Modi on Sunday accused the opposition of playing 'negative politics' and said now the entire country is rooting for corruption, dynasty and appeasement to 'quit India'.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
Unlike in previous years when the under-19 players were in focus and even got lucrative offers, this time the franchises were rather subdued when it came to locking in the junior stars as evidently, it takes time for them to be mature enough for top-flight cricket.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
Broader markers outperformed their larger peers.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
'Paying my taxes, diligently repaying my loans, following the rules, scrupulously doing things by the book, when there's this big, beautiful world of unregulated chicanery I could have indulged in for years before just flying off to greener pastures, like Lalit Modi, Vijay Mallya and Nirav Modi,' says Mitali Saran.
A consortium of 10 banks, led by Axis Bank, funded the Delhi Airport Express line.
District Judge Marie Mallon said there were substantial grounds to believe that Nirav Modi would fail to surrender if granted bail.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
The project, anchored by National Highways Authority of India in partnership with National Payments Corporation of India, is gaining momentum, with big banks such as ICICI and non-bank entities like Paytm have also entered the arena.
23 Nifty companies reported an annual decline in net profit.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Raghuram Rajan's 'surgery' uncovers more bad loans
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
RBI has cited at least 10 areas where it has no control over PSBs.
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
The culture of freebies burdens coming generations with the huge bill for the flagrant abuse of power by preceding governments, points out Virendra Kapoor.
Banks stocks continued to trade weak along with FMCG major ITC.
Once a stock market darling, the jewellery chain heads for liquidation.
Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.
Bank shares were the top losers after sharp gains last week.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, is all set to be expelled from the Rajya Sabha as Chairman Hamid Ansari on Tuesday turned down his resignation on procedural grounds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
