E-PaperNirav Modi Scam News
Opinion | Undercutting the RBI will not end well
No institution is perfect and the RBI is not an exception. But it is also true that it has been instrumental in staving off systemic contagion on numerous occasions and has earned the respect of global central banks for its technical expertise
4 min read29 Oct 2018PNB in talks with I-T, excise depts to sell erstwhile headquarters in Delhi
PNB managing director and CEO, Sunil Mehta, said the bank is going for a second round of valuation of the Bhikaji Cama Place property due to high demand
1 min read8 Aug 2018Tanishq will gain from churn in jewellery sector, says Titan’s Bhaskar Bhat
Titan will benefit because the impact on consumer sentiment is they want to go to a safe haven like Tanishq, says Titan MD Bhaskar Bhat
3 min read28 Mar 2018Nirav Modi scam: PNB starts Mission Parivartan to curb bank frauds
Punjab National Bank (PNB) has decided to tighten loan disbursement and set up a monitoring mechanism to check loan slippages and fraud
1 min read22 Mar 2018PNB fraud: Nirav Modi firms in Surat SEZ diverted duty-free diamonds
The DRI has lodged a case against Nirav Modi and his firms for allegedly divertin diamonds and pearls worth Rs890 crore to domestic markets through units in the Surat SEZ
1 min read20 Mar 2018Nirav Modi’s Firestar whets buyer interest amid PNB fraud probe
Firestar Diamond filed for bankruptcy protection in the US, following accusations against owner Nirav Modi and his uncle Mehul Choksi of orchestrating a $2 billion PNB fraud
3 min read1 Mar 2018Nirav Modi hired PwC, IDFC Bank, Moelis, Jefferies to help launch IPO
While Nirav Modi's plan to tap the public markets to raise Rs1,500 crore was known, the fact that he had hired bankers shows the IPO process was at an advanced stage
2 min read1 Mar 2018PNB appoints a forensic auditor for Nirav Modi fraud case
Punjab National Bank (PNB) has appointed Belgium-based consultancy firm BDO as forensic auditor for five of Nirav Modi group companies
1 min read28 Feb 2018Sebi probes equity, derivatives trade violation of public sector banks
The Sebi investigation comes in the wake of circulation of a fake letter on WhatsApp purportedly for misleading investors in public sector banks
1 min read25 Feb 2018Mehul Choksi claims innocence in PNB fraud with open letter
Gitanjali Gems's Mehul Choksi tells his employees he did not want anyone to to suffer due to an association with him, but that he was in no position to pay their salaries and they were free to look for other jobs
2 min read25 Feb 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared