Jewellers strip Punjab National Bank of £1.15 bn

In yet another banking fraud, India's second-largest lender Punjab National Bank (PNB) revealed that it has detected “fraudulent and unauthorised” transactions worth over Rs 11,500 Crore at one of its Mumbai branches.

FICCI vouches positive impact of GST on business logistics

The Federation of Indian Chambers of Commerce & Industry (FICCI) conducted a survey of enterprises post the implementation of GST, for answers on various issues that are being faced by the industry following India's transition to the Goods and...

According to data compiled by ratings agency ICRA, Indian banks are set to report a fresh spike in bad loan numbers based on new RBI norms that require lenders to classify loans, henceforth restructured as non-performing assets.

The government of India unveiled a fresh round of liberalisation of the foreign direct investment (FDI) policy, allowing foreign airlines to invest up to 49% in Air India, and opening up 100% FDI in single brand retail under the automatic route.


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