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Pnb bank
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What led to huge PNB fraud and how few rogue employees escaped detection

A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank’s own internal probe has found. PNB, India’s second-biggest state-controlled lender, has previously alleged that a handful of

trade war vis US China
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Trade war fears rattle American stock markets, Dow Jones gives up 2018 gains

U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, and Beijing warned

Vijay Mallya
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Vijay Mallya ‘diverted’ over Rs. 3,547 crore funds to Royal Challengers Bangalore, other entities, says ED

In a major worry for beleaguered business man Vijay Mallya, the Enforcement Directorate (ED) has accused the now defunct Kingfisher Airlines of “diverting” over Rs. 3,547 crore of loan to a UK-based F1 motorsport firm, a T20 IPL team and others, according to reports. Apart from this, the ED also said in its supplementary prosecution

Indian Share Markets
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100% gain: 2 mid-cap stocks that doubled money in just 6 months

Indian share markets We have seen sharp rise and fall in last six months with Indian Share Markets the benchmark Sensex  hitting all-time high level.  Plunging to 4-month low. In the corresponding time, many large-cap stocks have outperformed. The key equity indices such as HUL, Bajaj Finance, M&M, Kotak Mahindra Bank, Tech Mahindra and TCS. In the

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Petrol, diesel prices today: Biggest cut in last 10 days, check city-wise rates

Petrol, diesel price today news: In a major relief for consumers across India, petrol price has been slashed by 21 paisa per litre and diesel price was also cut down by 15 paisa per litre today. As per new rate chart, petrol price in Delhi now stands at Rs 77.63, in Mumbai 85.45, in Kolkata Rs 80.28 and in

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Sensex ends over 275 points higher, Nifty near 10,700 after RBI hikes repo rate

A three-day losing streak broken and how! Equity benchmarks had a good day of trade, with the Sensex closing 275 points higher, while the Nifty closed near 10,700-mark. The market witnessed a last hour surge after Reserve Bank of India’s Monetary Policy Committee decided to hike repo rate to 6.25 percent. While the Street began

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RBI raises repo rate by 25 basis points in first interest rate hike in four-and-a-half years; stance ‘neutral’

The Reserve Bank of India on Wednesday voted unanimously to hike repo rate by 25 basis points, in a first in four-and-a-half years after giving RBI’s MPC began its 3-day meeting on Monday. The six-member MPC, headed by Governor Urjit Patel, is meeting for three days for the first time instead of the usual two days

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RBI Monetary Policy June 2018: Rate-sensitive stocks mostly higher; PNB gains 3%, SBI up 2%; HDFC twins flat

RBI Monetary Policy June 2018: The six-member Monetary Policy Committee of the Reserve Bank of India (RBI) headed by the governor Urjit Patel is all set to announce the outcome of its first three-day policy meeting at around 2:30 pm today, 6 June 2018 (RBI Policy date). According to experts, there are relatively more chances that