PNB

Fraud-hit PNB rapped for not making timely regulatory disclosures

PNB, India's second-largest state-run bank, said in February two jewellery groups had defrauded it of more than $2 billion by raising credit from overseas branches of other Indian banks via illegal guarantees issued by rogue PNB staff over several years. May 18, 2018
daily petrol price, daily diesel price, fuel prices in india, indian economy, india crude oil imports, petrol pumps, ioc, hpcl, bpcl

Asia oil thirst tab $1 trillion a year as crude rises to $80

With the US dollar - in which virtually all oil is traded - also growing stronger, concerns are rising that economies will take a hit, especially in import-reliant Asia. Surging costs could have an inflationary effect that will hurt both consumers and companies. May 17, 2018
note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

Suspected RBI interventions stems rupee's fall

Sharply rising U.S. dollar yields have boosted the dollar on international exchanges, and the rupee was also coming under pressure from firm crude oil prices that will weigh on India's already widening trade deficit. May 16, 2018