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PNB detects $1.8 bn fraud, shares crash PNB detects $1.8 bn fraud, shares crash

Punjab National Bank (PNB), the second largest public sector bank in India, has detected a $1.8 billion fraud in one of its branches here, the bank said in a regulatory filing to the stock exchanges on Wednesday. ....


January inflation eases to 5.07%, December IIP lower at 7.1% January inflation eases to 5.07%, December IIP lower at 7.1%

A slight easing of food prices helped lower India's retail inflation in January to 5.07 per cent even as factory production growth slowed somewhat in December to 7.1 per cent, according to official data on Monday. ....


Equities trade flat after RBI keeps lending rates unchanged Equities trade flat after RBI keeps lending rates unchanged

Key Indian equity indices on Wednesday traded on a flat note during the afternoon session after the Reserve Bank of India (RBI) kept its key lending rate unchanged. ....


Auto Expo: Kia Motors debuts in India to launch vehicle in 2019 Auto Expo: Kia Motors debuts in India to launch vehicle in 2019

Automobile manufacturer Kia Motors India on Wednesday made its India debut and unveiled future car offerings at the pre-open event of the 14th Auto Expo in Greater Noida. ....


Global cues unleash bears, Sensex plunges by over 1,000 points Global cues unleash bears, Sensex plunges by over 1,000 points

A massive downturn in the US and East Asian stock markets unleashed a selling frenzy in the Indian equity markets during the morning trade session on Tuesday. ....


Banks will decide if to lower interest rates: Jaitley Banks will decide if to lower interest rates: Jaitley

Sounding a note of caution on the inflationary impact of rising global crude oil prices ahead of the RBI's final monetary policy review of the fiscal, Finance Minister Arun Jaitley on Monday said that lowering interest rates is a decision entirely in the domain of banks. ....


Equity markets tumble on global cues, LTCG tax reintroduction Equity markets tumble on global cues, LTCG tax reintroduction

The barometer Sensex of the BSE tumbled over 500 points on Friday following negative global cues and disappointment post Budget announcements on long-term capital gains (LTCG) tax reintroduction. The Nifty50, too, slipped over 160 points. ....


With eye on 2019 polls, FM announces sops for farmers and common man but targets markets With eye on 2019 polls, FM announces sops for farmers and common man but targets markets

In his last full budget before general elections in 2019, Finance Minister Arun Jaitley raised long-term capital gains (LTCG) tax to 10 per cent from zero at present, reduced corporate tax for 99 per cent of the companies to 25 per cent but left the tax structure for individuals largely unchanged. ....


Union Budget 2018 Live: Latest News and Highlights Union Budget 2018 Live: Latest News and Highlights

Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitly on Thursday: ....


Indian budget less transparent: Anti-corruption watchdog Indian budget less transparent: Anti-corruption watchdog

India's budget is considered "less transparent" as it provides limited information in the public domain, Transparency International India (TII) said on Wednesday, adding the lack of transparency would lead to severe economic and financial problems. ....


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In a shocking incident, a young man working as a domestic help and posing as a deaf and m

 

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 
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