Gitanjali Gems shares fall below face value price

Mar 23 2018

Shares of Gitanjali Gems continued to remain weak, further sliding 5 per cent, and slipped below its face value price of Rs 10.

ED analysing 120 shell companies in PNB fraud case: Govt

Mar 23 2018

The ED is analysing 120 shell companies in connection with the Punjab National Bank fraud allegedly committed by Nirav Modi, the government said.

Congress issues whip to all party MPs in Rajya Sabha

Mar 23 2018

Congress has issued a three-line whip to all its MPs in Rajya Sabha asking them to be present in the House at 11 am today in full strength and support the party's stand.

Nirav Modi Fraud: PNB to beef up its system, processes for lending

Mar 22 2018

Hit hard by the Rs 13,000 crore scam, PNB has decided to tighten loan disbursement and set up a monitoring mechanism to check loan slippages and fraud.

Punjab National Bank pares nearly 2 percent stake in ICRA

Mar 22 2018

Punjab National Bank has reduced its stake in ratings and research firm ICRA by around 2 percent in the last 10 years.

'PNB suffers Rs 14,506 cr loss due to fraud in FY18 so far'

Mar 22 2018

State-owned Punjab National Bank (PNB) has witnessed losses to the tune of Rs 14,500 crore due to fraud so far in this fiscal, Parliament was informed this week.

Govt invented story on Cong,data theft to divert attention: Rahul

Mar 22 2018

Launching a stinging attack against the govt, Rahul said it invented a story on data theft by the Congress to divert attention from the death of 39 Indians in Iraq.

Fraud at listed firms: Sebi to rein in erring auditors, valuers

Mar 21 2018

Sebi is considering a new set of norms for auditors and other third-party fiduciaries in the securities market under which defaulters will face stringent penal actions.

PNB fraud: Jeweller Mehul Choksi refuses to join CBI probe

Mar 20 2018

Choksi has refused to join a CBI probe in the USD 2 bn PNB scam and claimed that "untenable" allegations had resulted in "sudden closure" of his business.

PNB bank woes spur Goldman to downgrade India's growth forecasts

Mar 20 2018

Goldman Sachs lowered its real GDP forecast on India for the year to March 2019 to 7.6 percent from 8 percent earlier.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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