PNB scam: Special court remands all three accused to CBI custody till Mar 3

43 minutes, 0

The Central Bureau of Investigation (CBI) has arrested a former and a current employee of Punjab National Bank (PNB) and one executive of the Nirav Modi group of companies in connection with a Rs 114 billion fraud at the bank. A special court on Saturday remanded all three accused to CBI custody ...

Walmart in talks to buy more than 40 percent in Indian e-commerce firm Flipkart

2 days, 5

Mumbai: Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the U.S. r...

CBI registers fresh FIR against Gitanjali Group

2 days, 2

The CBI on Friday registered a fresh FIR against the Gitanjali Group promoted by Mehul Choksi, uncle of billionaire jeweller Nirav Modi, following a complaint from Punjab National Bank, and also approached the Interpol to locate them. Officials said the fresh FIR was based on a complaint from the...

PNB scam: Special court remands all three accused to CBI custody till Mar 3

43 minutes, 0

The Central Bureau of Investigation (CBI) has arrested a former and a current employee of Punjab National Bank (PNB) and one executive of the Nirav Modi group of companies in connection with a Rs 114 billion fraud at the bank. A special court on Saturday remanded all three accused to CBI custody ...

RBI ready to inject additional liquidity by March end

3 days, 2

The Reserve Bank of India will be ready to inject adequate amount of extra cash into banks if needed ahead of March-end to give flexibility to lenders to manage their liquidity mismatches that typically happen at quarter-end, it said in a release on Thursday. The Reserve Bank of India said it "st...

CBI registers fresh FIR against Gitanjali Group

2 days, 2

The CBI on Friday registered a fresh FIR against the Gitanjali Group promoted by Mehul Choksi, uncle of billionaire jeweller Nirav Modi, following a complaint from Punjab National Bank, and also approached the Interpol to locate them. Officials said the fresh FIR was based on a complaint from the...