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ICICI Bank, Chanda Kochhar receive notice from Sebi over Videocon loans

ICICI is India's third-biggest lender by assets. It is battling allegations that its chief executive, Chanda Kochhar allegedly favoured Videocon Group in its lending practices.

13 hours ago

Madras High Court halts expansion of Vedanta's copper smelter after protest killings

Authorities have restricted internet services in at least three districts as protests engulf Tamil Nadu. About ten people have died in the ongoing protests.

2 days ago

Top executives at fraud-hit PNB misled RBI, CBI alleges

PNB, which is India's second-largest state-run bank, had said that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion.

4 days ago

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.

8 days ago

CBI charges former PNB head, 21 others in bank fraud case

PNB, India's second-largest state-run bank, had revealed earlier this year that two jewellery groups had defrauded it by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff over several years.

11 days ago

Say goodbye to airplane mode: In-flight Wi-Fi coming soon in Indian airspace

India's Telecom Commission is set to approve the much-awaited proposal at its next meeting scheduled on May 1.

Apr 19, 2018

H1-B visa applications down again but way more than annual cap

The U.S. Citizenship and Immigration Services received 190,098 H-1B petitions during the filing period, down from 199,000 applications in 2017.

Apr 13, 2018

Mutual fund investors beware! Your asset manager may be overcharging you

SEBI's recent study revealed that fund managers have overcharged mutual fund investors as much as Rs 1,500 crore in the last five years.

Mar 28, 2018

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Canara Bank shares tumble as ex-chairman booked in loan fraud case

'Funds were siphoned off through a chain of alleged bogus transactions facilitated by fake sister concerns, family members and bank officials'

Mar 20, 2018

If loosely governed PSBs drain public money, they should be privatised

Most bank frauds happen at PSBs. Vast majority of NPAs are from the PSBs. The least profitability is reported from PSBs. And they are the least governed as well.

Mar 19, 2018

7th Pay Commission: Government may offer salary hikes beyond recommendations

7th Pay Commission latest update: The fitment factor is expected to be hiked to 3.00 from the current 2.57 beyond the recommendations of the 7th Pay Commission.

Mar 19, 2018

Relief for Pensioners as Government likely to double monthly minimum pension payments

Government is mulling over increasing the payment from Rs 1000 per month under the Employees Pension Scheme (EPS) of the Employees Provident Fund Organisation (EPFO).

Mar 16, 2018