PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
The charges against the diamond merchant centre around his firms Diamonds R Us, Solar Exports and Stellar Diamonds making fraudulent use of a credit facility offered by the Punjab National Bank, known as 'letters of undertaking'.
It stands to reason that at the meeting on Friday, Pope Francis conveyed to the Kremlin, some message in regard of the developments in Ukraine. The long duration of the meeting in the Russian embassy flags that it was substantive. Indeed, it took place even as the first Russian tank column was sighted on the outskirts of Kyiv, notes Ambassador M K Bhadrakumar.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
On this Teachers Day, I once again bow my head as I remember all the teachers who had taught me in school, college, military academy, army courses and so on. But Ms Shantha Potty Aunty, this one more head bow is specially for you, admirably says Colonel K Thammayya Udupa (retd).
Whether it's a filmi rite of passage or just another facet of nepotism, quite a few star kids began their journey as ADs.
The bill to amend payment of gratuity Act in order to double the ceiling of tax-free gratuity to Rs 20 lakh, would soon be placed before the Union Cabinet for approval.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Now, 83 per cent males and 77 per cent females have formal bank accounts but they are hardly using them
Most respondents understand inflation, but very few understand risk diversification, says the ratings agency in its Global Financial Literacy Survey
Trump, 74, who faces a formidable challenge from former Democratic vice president Joe Biden, 77, is scheduled to deliver his acceptance speech from the South Lawn of the White House on August 27.
'The idea was to show the simultaneity and coexistence of life in the city.'
For quite some time, there was speculation that actor-politician Kamal Haasan-led Makkal Needhi Maiam and the DMK would sign up with the strategist for the 2021 assembly polls.
While we must always help our friends and relatives at the time of need, it is equally important for us to know the impact of such favours on our financials.
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
Beyond the macro data, there has been little enquiry into the profile of the indebted farmer households, says Shailesh Dobhal.
The Reserve Bank of India has sought views of the Union ministry of finance in giving permission for a 'Credit Suisse' Swiss Bank to open its first Indian branch in Mumbai.
After showing a consistent rise in the previous 4 quarters, gross NPAs of 40 listed bank declined to Rs 10.03 trillion at the end of June 2018, from Rs 10.25 trillion in the previous quarter.
The highest decision making body of the IMF met at its headquarters in Washington on Saturday in the wake of the corruption charges that have surfaced against its chief.
Making a comeback after a two-year hiatus, she enters women's doubles quarter-finals of Hobart International.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
Kerala floods take a toll on small businesses, NBFCs brace for losses
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.
FM to meet states on Feb 14, approve key decisions.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
According to the EPFO estimates, there would be a surplus of Rs 151.67 crore after providing 8.65 per cent rate of interest for 2018-19 on EPF.
A week after snapping his four decade old association with BJP, former Chief Minister B S Yeddyurappa on Thursday dubbed it 'a bigger evil' than Congress and Janata Dal-Secular and vowed never to return to his former party.
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
Consumer loans or personal continue to record the highest fraud incidence.
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector.
The Israeli sports minister fought back tears as the country's judo team won gold in a tournament in the United Arab Emirates on Sunday, prompting Israel's national anthem to be played in a country that does not formally recognise it.
There are perks for banking with the newest bank in India.
