Jaitley in Riyadh to attend India-Saudi Arabia Joint Meeting
AMN / Riyadh India’s Finance Minister Arun Jaitley arrived here last night on a two-day visit to Saudi Arabia. He will co-chair the 12th India-Saudi Arabia Joint Commission Meeting to…
RBI asks banks to accept notes & coins of small denominations
RBI has directed all banks to accept small denomination notes and coins tendered at their counters. The apex bank issued a notification in Mumbai yesterday, saying such denial of service…
India, Iran to sign 15 agreements on economy, culture
Andalib Akhter / New Delhi India and Iran are all set to sign 15 economic and cultural documents on Saturday in presence of Prime Minister Narendra Modi and Iranian President…
PNB fraud case: Union Bank has $300 mn outstanding exposure
Mumbai State-run Union Bank of India on Thursday said that it has an outstanding exposure of about $300 million in the $1.8 billion fraud detected by Punjab National Bank (PNB)…
PNB scam: ED conducts raids on Nirav Modi’s house, office
Diamond jewellery designer Nirav Modi The Enforcement Directorate has raided 17 premises across the country related to Nirav Modi and Geetanjali Gems in connection with Punjab National Bank fraud case.…
PNB detects $1.77 bn fraud; suspends 10 officers
AMN Punjab National Bank PNB has detected a USD 1.77 billion scams in which billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for…
Govt proposes to allow premature closure of PPF account
Our Correspondent / NEW DELHI In bid to bring major changes in small saving scheme, Government has proposed to allow premature closure of Public Provident Fund (PPF) accounts and permit…
Sensex rises by 190 points, Nifty above 10500 on Monday
Benchmark domestic share markets after witnessing losses in last two weeks on Monday showed upward trend in afternoon deals. The Sensex at Bombay Stock Exchange gained about 190 points to…
Retail inflation for January eases to 5.07%
AMN / NEW DELHI The retail inflation for January has eased down to 5.07 per cent from 5.21 per cent in December 2017, according to data released by the Central…
PM Modi pitches India as attractive destination to do business
WEB DESK Prime Minister Narendra Modi on Monday pitched India as an attractive destination to do business. Mr Modi said this in his meeting with around 70 business delegates of…