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PNB, Indias second-biggest state-run bank, in 2018 alleged that a few rogue employees had issued fake bank guarantees over several years to help jewellery groups controlled by Modi and his uncle Mehul Choksi raise funds in foreign credit. Both have denied any wrongdoing.

CBI set to file fresh charges in $2 billion Punjab National Bank fraud...

The new chargesheet will include 150 transactions and provide details on how fake bank guarantees were used to funnel...

15 Nov 2019 1:53 AM IST

Aurobindos Unit IV, its general injectable formulation manufacturing facility in Pashamylaram, Hyderabad, underwent a US FDA inspection from 4-13 November, following which the drug regulator issued a Form 483 with observations to the unit.

Aurobindo Pharma Ltd unit gets 14 observations

Aurobindo has said none of these observations was related to data integrity issues.

15 Nov 2019 1:49 AM IST

Malaysian palm oil is available at a $5 discount amid congestion at Indonesian ports, said a Mumbai-based dealer with a global trading firm.

India resumes buying palm oil from Malaysia: Traders

Palm oil is crucial for Malaysian economy as it accounted for 2.8 per cent of Malaysiaâ€™s gross domestic product last...

15 Nov 2019 1:38 AM IST

A DoT official privy to the development said instructions have gone to the licencing wing to carefully examine the implication of the Supreme Courts recent ruling for all such companies. (Photo: Representational)

Telecom stocks crash over DoT move

Rough estimates indicate Vodafone Idea may have to pay Rs 28,300 crore and Bharti Airtel, Rs 21,000 crore as per the...

15 Nov 2019 12:53 AM IST

Moodys Investors Service.

Moodyâ€™s cuts GDP growth forecast to 5.6 per cent for this fiscal

Moodyâ€™s had on October 10 cut Indiaâ€™s economic growth forecast for 2019-20 fiscal to 5.8 per cent from an earlier...

15 Nov 2019 12:49 AM IST

The scrip tumbled 5.94 per cent to close at Rs 106.95 on the BSE.

SpiceJet shares drop 6 pc on reporting quarterly loss

SpiceJet on Wednesday reported widening of net loss to Rs 462.58 crore in the September quarter.

14 Nov 2019 4:10 PM IST

Led by the sharp fall in its shares, Vodafone Idea witnessed an erosion of Rs 3,792.58 crore from its market valuation which is now at Rs 12,442.42 crore.

Vodafone Idea shares tumble over 21 per cent; hit record low

Vodafone Idea plunged 21.62 per cent to Rs 2.90 -- its record low -- on the BSE.

14 Nov 2019 1:39 PM IST

The company has set a target of training 75,000 tax professionals, and more than 2 lakh businesses through new e-learning course.

ClearTax aims for Rs 100 cr business from online GST course

This course will provide them for a smooth transition to the new GST return filing system.

14 Nov 2019 11:26 AM IST

Tata Motors said its total consolidated revenue during the period under review stood at Rs 65,431.95 crore as against Rs 71,981.08 crore in the year-ago period.

Tata Motors opens R&D unit in Pune

This futuristic tech centre will play a key role in engineering, testing and developing cutting-edge powertrain...

14 Nov 2019 6:34 AM IST

Jaspal Singh Bindra

Centrum Group expanding foreign operations

Centrum, founded in 1997, has a pan-India presence in 84 cities.

14 Nov 2019 6:27 AM IST

Investors added risk in November as their portfolios are no longer explicitly geared to assets that outperform in a low growth & low inflation backdrop, the survey said.

Global fund managers see equity as best doing asset class in 2020

52% expect equities to be the top performer in 2020, followed by commodities (21%) and cash (10%).

14 Nov 2019 1:46 AM IST

Nita Ambani Elected to the Board of The Metropolitan Museum of Art (New York) the First Indian Trustee in the Museums 150 Year history.

Nita Ambani elected to board of Metropolitan Museum of Art

In 2017, the Reliance Foundation committed to support exhibitions that explore and celebrate the arts of India.

13 Nov 2019 5:15 PM IST