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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

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Anil Ambani group stocks fly like rocket! RCom share price jumps 65%, Reliance Naval surges 34%

Shares of Anil Dhirubhai Ambani Group companies posted a massive surge in the dealings on Thursday with the stock of Anil Ambani’s telecom form Reliance Communications (RCom) and defence equipment manufacturer Reliance Naval and Engineering (RNaval) surging up to 65%. Shares of ADAG’s telecom company Reliance Communications (RCom) have been declining since last several days on