Mumbai, Feb 16 Key Indian equity indices on Friday traded in the negative territory during the mid-afternoon session on the back of heavy selling pressure in auto, banking, metals, capital goods and consumer durables stocks. At 1 p.m., the wider Nifty50 of the National Stock Exchange (NSE) edged lower by 41.25 points or 0.39 per cent to trade...
The industry body Assocham on Friday criticised the functioning of public sector banks and questioned its "vulnerable" position in a first reaction by any chamber of commerce to the $1.8 billion fraud that took place in Punjab National Bank. "Alleged fraudulent transactions worth Rs 11,300 crore from a single branch of the Punja...
The CBI has sought Interpol's help in tracking down billionaire diamond trader Nirav Modi, who has been accused of a multi-crore rupee banking fraud and is reported to have fled the country. According to informed sources, the CBI has issued an Interpol "diffusion notice" against Modi, his wife Ami, brother Nishal Modi and business partner Mehul Ch...
Japan has detected a suspected cargo transfer between a North Korean ship and a Belize-registered vessel, which apparently involves goods violating international sanctions imposed on North Korea, an official said on Thursday. The transfer allegedly took place on Tuesday in the East China Sea between Belizean ship Wan Heng 11 and the North K...
The Congress on Thursday said that a whistleblower had alerted the government in 2016 about the Rs 11,500 crore banking fraud by fugitive diamond merchant Nirav Modi but Prime Minister Narendra Modi and Finance Minister Arun Jaitley ignored the tip. Congress spokesperson Rande...
A day after high-level fraudulent practice to the tune of $1.8 billion in one of the Punjab National Bank's Mumbai branch was reported to the stock exchange, Sunil Mehta, MD and CEO said it "will not spare anyone" involved in the wrongdoing. The Enforcement Directorate on Thursday launched a nationwide raid on the offices, showroo...
India's annual rate of inflation based on wholesale prices eased to 2.84 per cent in January from 3.58 per cent in December 2017, official data showed here on Thursday. According to the Ministry of Commerce and Industry data, the wholesale price index (WPI), with the revised base year of 2011-12 stood at 4.26 per cent in January 2017....
With China increasing its trade and investment in Nigeria over the past few years, a trade exhibition involving the participation of some 200 firms from India will be an opportunity for the country to catch up. China's trade with Nigeria was $11.2 billion over the first 10 months of last year -- against India's $9.4 billion. The Trade Promoti...
Buoyed by its performance in the fourth quarter last year, Chinese smartphone make...
Bharat Heavy Electricals (BHEL) on Wednesday said it has bagged an order worth Rs...
