Free Press Journal
  • PNB Scam: Nirav Modi left India with family on January 1

    Mumbai: It is yet another case of the stable being locked after the horse has bolted. Last time, it was Vijay Mallya who was allowed to scoot. This time it is diamond czar Nirav Modi. Curiously, he fled the country on January 1, much before the CBI received a complaint from the Punjab National Bank on January 29 about the Rs 280-crore fraud.

  • The buck stops here: PNB

    Bank has capability, capacity to deal with the issue: CMD.

  • Forex deals authenticated by PNB: Axis

    Mumbai : Axis Bank’s foreign exchange transactions with the Punjab National Bank (PNB) were carried out after due authentication of SWIFT codes by the latter, the private sector bank said in a clarification to the exchanges, regarding its exposure to the $1.77 billion fraud in PNB.

  • WPI inflation eases to 6-month low

    New Delhi : Inflation based on wholesale prices eased to a six-month low of 2.84 per cent in January on cheaper food articles even as vegetable prices continued to rule high.

  • Base year for GDP, IIP to be changed

    New Delhi : The government will change the base year to 2017-18 for the calculation of GDP and IIP numbers while for retail inflation the year will be revised to 2018, Union minister D V Sadananda Gowda said.

  • Fraud erodes Rs 8,000 cr from PNB market-cap in two days

    Mumbai : Stung by a massive Rs 11,400 crore fraud, Punjab National Bank (PNB), the country’s second-largest state lender, has lost over Rs 8,000 crore of market valuation in two days — an amount equivalent to over six-times its full-year profit.

  • Jewellery shares lose sheen, Gitanjali tanks

    New Delhi : Shares of Gitanjali Gems on Thursday plunged up to 19 per cent in morning trade after the company came under scanner of various investigating agencies following the PNB Punjab National Bank’s declaration of nearly Rs 11,400-crore fraud.

  • Trade deficit widens to 3-year high despite rise in exports

    Mumbai : India’s exports grew by 9 per cent to $24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and petroleum products, even as the trade deficit widened to an over three-year high.

  • PW fails to get stay on Sebi order

    Mumbai : The Securities Appellate Tribunal on Thursday allowed Price Waterhouse and its network entities to continue with audit works of existing clients till March 2019.

  • Lamborghini looks to invest in Maharashtra

    Mumbai : Iconic Italian carmaker Lamborghini is mulling an investment in Maharashtra to aid its electric vehicles plans, a senior official said on Thursday.

  • Online consumer spends to hit $100 bn by 2020

    Mumbai : Online consumer spending is expected to grow 2.5 times to around $100 billion by 2020 led by growth in e-commerce, travel and hotel, financial services and digital media, says a report.