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  • Rough diamond imports up 11% in April-January period: GJEPC

    19 February, 2018 7:42 AM 28

    Imports of rough diamonds have increased by 11.11 per cent to USD 15.53 billion during the April-January period of the current fiscal, according to Gems and Jewellery Export Promotion Council (GJEPC). The imports had aggregated to USD 13.97 billion in the 10-month period of last fiscal, 2016-17. The inbound shipments of gold bars also rose by 18.2 per cent to USD 4.37 billion

  • UCO Bank sinks 11% on disclosing exposure to PNB fraud case

    19 February, 2018 4:32 AM 34

    UCO Bank shares plunged as much as 11 percent in morning Monday after the bank disclosed its exposure to the PNB fraud case. The state-run lender has USD 411.82 million in exposure to fraudulent transactions carried out at Punjab National Bank (PNB). India's second-largest state-run lender PNB on last Wednesday had detected fraudulent transactions worth

  • Bhushan Steel hits 20% upper circuit post Tata Steel’s takeover bid

    19 February, 2018 3:54 AM 38

    Tata Steel emerged as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore. Stock falls 5 percent intraday. Shares of Bhushan Steel hit 20 percent upper circuit on Monday as investors cheered developments surrounding its takeover bid. Tata Steel emerged as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore

  • PM Modi visits Mumbai hospital to enquire about Parrikar's health

    19 February, 2018 2:46 AM 29

    Prime Minister Narendra Modi visited Lilavati Hospital here to enquire about the health of Goa Chief Minister Manohar Parrikar who is undergoing treatment for a pancreatic ailment. "Modi was in the hospital for 15 minutes in the evening," a BJP source said. "The prime minister was accompanied by Union minister Nitin Gadkari and Maharashtra Chief Minister

  • Stocks in the news: Tata Steel, PNB, Gitanjali, Natco Pharma, KPR Mills, Bhushan Steel, PVR

    19 February, 2018 2:32 AM 30

    Tata Steel | PNB | Infosys | Gitanjali Gems | KPR Mills | Religare Enterprises | Bhushan Steel | Natco Pharma | PVR | ARSS Infra | IOC | NTPC | Power Grid | Fortis Healthcare and Binani Cement are stocks, which are in the news today. -Binani Industries moves NCLT, seeks to become party to sale of arm Binani Cement under Insolvency and Bankruptcy Code (IBC)

  • RIL to invest Rs 60,000 crore for digital industrial area in Maharashtra

    18 February, 2018 6:31 PM 38

    The new investments announced to come on back of close Rs 1.4 trillion RIL has pumped into building one of the fastest telecom networks in the country with his Jio network. Mumbai: Billionaire industrialist Mukesh Ambani today said his firm Reliance Industries Ltd (RIL) and its global partners will set up the country's first integrated digital area in Maharashtra

  • Rotomac promoter flees after ₹800 cr. bank fraud?

    18 February, 2018 5:17 PM 34

    Last year, BoB listed Vikram Kothari as a wilful defaulter After billionaire diamond merchant Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad after swindling ₹800 crore from various public sector banks including Allahabad Bank, Bank of India and Union Bank of India, sources said. The Kanpur-based

  • Pakistan charges Rs 2.86 lakh for route navigation charges on PM Modi's flights

    18 February, 2018 3:20 PM 46

    Pakistan has billed India Rs 2.86 lakh as route navigation charges for Indian Air Force aircraft used by Prime Minister Narendra Modi during a stopover in Lahore and visits to Russia, Afghanistan, Iran and Qatar, an RTI response shows. The data gathered by activist Commodore (Retd) Lokesh Batra. through his RTI application, show that till June 2016, Indian

  • UCO Bank has $412 million exposure in PNB banking fraud case

    18 February, 2018 1:50 PM 28

    India's state-run UCO Bank said it has USD 411.82 million in exposure to fraudulent transactions carried out at Punjab National Bank (PNB). PNB, India's second-largest state-run lender, said on Wednesday that it had detected fraudulent transactions worth USD 1.77 billion at a single Mumbai branch that had benefited "a few select account holders", and that it had reported

  • Indian Oil Corporation to invest Rs 70,000 crore to expand refining capacity

    18 February, 2018 11:35 AM 35

    NEW DELHI: Indian Oil Corp (IOC) will invest Rs 70,000 crore to raise its oil refining capacity by about a quarter by 2030 as it takes the lead to meet rising energy needs of the country. IOC will expand its refining capacity to 116.55 million tonnes per annum (MTPA) by 2030 from the current 80.7 MTPA with an investment of about Rs 70,000 crore, a top company