EconomyLoop
where regional business news becomes global to everyone

UP summit: Social divide in states may discourage investments, says Arun Jaitley

FM Jaitley said that the event was a big attempt to set the agenda of the state.... read more

 Zee India News5 minutes ago

     
Nirav Modi fraud case could trigger prompt corrective action on PNB: Kotak report

The state-run lender had detected fraudulent transactions worth Rs 11,400 crore at one of its branches in Mumbai.... read more

 Zee India News51 minutes ago
Data breach hits 10,000 PNB credit, debit card customers: Report

The state-run lender is already reeling under Rs 11,400 crore financial fraud by diamantaire Nirav Modi and his maternal uncle Mehul Choksi.... read more

 Zee India News51 minutes ago
No exposure against PNB LoUs for gems, jewellery clients: Bank of Baroda

The Vadodara-based state lender said that all the LoUs issued by the bank are duly controlled for in the books of the bank... read more

 Zee India News1 hour ago
Followed legal means to recover dues: PNB

1,415 staffers transferred since Feb. 19... read more

 The Hindu1 hour ago
PNB denies transferring 18,000 staff after Nirav Modi scam

The Bank has earlier clarified with reference to other media reports in this regard that it has enough assets and capital to handle the situation arising out of the scam.... read more

 Zee India News1 hour ago
PNB Fraud: Nirav Modi express inability to join ED probe, asked to appear on Friday

Mr. Modi said he was unable to come back to India as his passport had been suspended... read more

 The Hindu1 hour ago
DoT’s plan to spur synergy among 7 PSUs

Dept.’s strategic plan includes optimal use of human resources, vacant land and dispute resolution... read more

 The Hindu2 hours ago
Bank staff against mass transfers

The All India Bank Employees Association has written to the finance ministry, cautioning against mass transfers in the wake of the Punjab National Bank fraud. “Taking a cut-off date of 31-12... read more

 The Hindu2 hours ago
‘NPA norms to push up credit costs’

‘It may undermine near-term earnings’... read more

 The Hindu2 hours ago
Coca-Cola eyes April for frozen fruit roll-out

Beverages major Coca-Cola India is eyeing an April roll-out for its frozen fruit range of products called Minute Maid Perfect Fruit.T. Krishnakumar, president, Coca-Cola India and Southwest... read more

 The Hindu2 hours ago
Uber to invest aggressively in India: Khosrowshahi

Firm wants to move from taxi-hailing to car sharing: CEO... read more

 The Hindu2 hours ago
TVS Logistics to widen Asian footprint

Singapore unit aims to add to presence in China, Hong Kong, gain access to Japan via its acquisition... read more

 The Hindu3 hours ago
Fliers to Bengaluru can soon use ‘heli taxi’

App-based service to start next week... read more

 The Hindu3 hours ago
Merck plans €40 mn Asia investment

Merck, a science and technology firm, announced an additional investment of €40 million to build a manufacturing and distribution platform in Asia over two years. This follows its 2016 announcem... read more

 The Hindu3 hours ago
FourKites gets $35 mn funding

FourKites, a start-up which provides predictive supply chain platform to customers like food company Nestlé and retailer Best Buy Co., said it had raised $35 million in a Series B funding round. I... read more

 The Hindu3 hours ago
Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul

The CBI alleged that Kothari, his wife Sadhana and son Rahul, all directors of Rotomac Global Pvt Ltd, had allegedly diverted the loan amount towards purposes other than what they were meant for... read more

 Zee India News3 hours ago
Rotomac fraud case: CBI arrests Vikram Kothari and his son

The Central Bureau of Investigation on Thursday arrested Rotomac Global Private Limited promoter-director Vikram Kothari and his son in read more

 The Hindu3 hours ago
Indian billionaires’ wealth equals 15 pct of GDP, poor becoming poorer: Oxfam

Inequality in India is on the rise for the last three decades, so much so that the total wealth of Indian billionaires is 15 per cent of the GDP.... read more

 Financial Express3 hours ago
RBI's new NPA norms may undermine bank earnings: Fitch

The new framework will give banks less discretion over the reporting and resolution of bad assets.... read more

 Zee India News4 hours ago
7th Pay Commission: Good news for central govt employees, new pay hike from April

Finance ministry has reportedly set a panel to take a final call on demands of these employees by April this year.... read more

 Zee India News4 hours ago
Asset quality of microfinance institutions, small finance banks has improved: CRISIL

Asset quality of MFIs in Tamil Nadu, Kerala, Odisha, West Bengal and Bihar remained largely resilient despite demonetisation and its aftermath.... read more

 Zee India News4 hours ago
Cybercrimes cause losses of $600 billion a year to global economy, says report

Cybercrime losses are greater in richer countries; however, the countries with the greatest losses are mid-tier nations.... read more

 Zee India News5 hours ago
Indian billionaires got 10x richer in just 10 years: Report

The report also said that the multi-dimensional inequality rising amid India's 'jobless growth'.... read more

 Zee India News6 hours ago
India adopting to mobile wallets faster than US, UK; beats China too

Mobile wallets had emerged as an e-commerce payment tool in India but post demonetisation, are being used for day-to-day transactions at supermarkets, grocery stores, street vendors, tea stalls, fuel stations, and even inside taxis and auto-rickshaws... read more

 Financial Express6 hours ago
Know about economic reforms which US thinks have slowed down India’s growth

Due to the structural economic reforms which were carried out in the last few years, India’s economic growth has slowed down, report released by the US administration. India along with Brazil has been far less open in carrying out trade, report said... read more

 Financial Express6 hours ago
GSTR’s mini simplification before big overhaul: Here’s what changed in GSTR-3B

The Goods and Services Tax Network (GSTN) has announced some simplification in the GSTR-3B before the much-needed overhaul of the returns system which is expected to be decided upon soon. Here's what changed in the GSTR-3B form.... read more

 Financial Express6 hours ago
Come up with workable plan to repay dues: Punjab National Bank responds to Nirav Modi's letter

Scam-hit Punjab National Bank (PNB) today asked billionaire diamond jeweller Nirav Modi to come up with a concrete and implementable plan to settle the loss caused to it by the fraudulent issuance of Letter of Undertakings (LoU) through one of its br... read more

 Zee India News6 hours ago
Market still on slippery ground; inflation concerns linger on

The Sensex after resuming lower at 33,817.09 fell further to hit a low of 33,691.42 intra-day on foreign fund outflows.... read more

 Zee India News7 hours ago
Tea Board for preferential trade pact between India, China

The Tea Board on Thursday pitched for a preferential trade agreement between China and India to boost exports of black tea and imports of green tea. Tea Board chairman P K Bez... read more

 The Hindu7 hours ago
India more corrupt than China, better than Pak: Transparency International

In the Corruption Perception Index for 2017, India was ranked at the 81st place with a score of 40.... read more

 The Hindu7 hours ago
Sensex falls on F&O expiry day; Feb series down 6.18%

Markets ended marginally lower in choppy trade after Wednesday’s rebound in line with weakening rupee amid muted global cues and the minutes of the RBI’s latest policy meeting expressing nagging in... read more

 The Hindu7 hours ago
Rolls-Royce unveils 8th gen Phantom priced at ? 9.50 crore

Rolls-Royce Motor Cars have five outlets in the Southern region.... read more

 The Hindu8 hours ago
PNB fraud favouring Nirav Modi started in 2008, arrested bank officials tell CBI

The illicit activities resulting in fraud of Rs 11,300 crore occurred under the nose of top Punjab National Bank officials but they claimed to be unaware of the scam.... read more

 Zee India News9 hours ago
US says India’s growth has slowed due to these reasons

America's bilateral trade deficit with four major countries, including India, narrowed in the first three quarters of 2017 as compared to the previous year, the US administration today said in a report according to which India's growth has slowed due... read more

 Financial Express9 hours ago
Goa Budget 2018 LIVE updates: Back from hospital, Manohar Parrikar presents state budget

Goa Budget 2018 LIVE Updates: The Goa Chief Minister, who also holds the finance portfolio in the state, is presenting the state budget today (February 22). He came back to his home state today after being discharged from Mumbai's Lilavati hospital, ... read more

 Financial Express9 hours ago
PNB fraud: National Financial Reporting Authority to be notified soon

Creation of National Financial Reporting Authority (NFRA) was proposed in Companies Act 2013, but the body never came into existence.... read more

 Zee India News10 hours ago
Volkswagen teases ID Vizzion concept ahead of Geneva motor show

Vizzion is a follow-up concept to the ID range of hatchbacks –ID Crozz SUV and ID Buzz.... read more

 Zee India News11 hours ago
India's growth slowed due to demonetisation, GST: Donald Trump administration

The US said that growth in India has slowed due to the effects of its structural economic reforms.... read more

 Zee India News11 hours ago
RBI MPC minutes: Four key factors behind rising inflation which worry Urjit Patel

RBI Monetary Policy Committee minutes: RBI Governor Urjit Patel said yesterday that he was cautious over rising inflationary pressures and decided to keep policy rate on hold at 6% in the latest MPC meeting. What are the potential upside risks to inf... read more

 Financial Express11 hours ago
Rotomac case highlights bank NPAs

The recent case against Rotomac for wilful default to the tu... read more

 The Hindu12 hours ago
EPFO cuts administrative charges to 0.5%

EPFO has also lowered the rate of interest on employees provident fund to 8.55 percent from 8.65 percent.... read more

 Zee India News12 hours ago
INX media case: Karti Chidambaram moves SC seeking stay on ED's summons against him

Last week, Karti appeared before the ED for the second time in connection with the case.... read more

 Zee India News12 hours ago
Donald Trump Jr. says missing out on India deals “because of father's self-imposed curbs”

U.S. President Donald Trump's eldest son described India as an important market for The Trump Organization, but said the global company will lose out on new deals because of self-imposed restrict... read more

 The Hindu13 hours ago
PNB fraud: ED seizes 9 luxury cars of Nirav Modi; freezes shares and mutual funds worth Rs 94 crore

The investigative agency also seized 9 luxury cars of Nirav Modi.... read more

 Zee India News13 hours ago
Sensex slips 144 points ahead of F&O expiry

The benchmark BSE Sensex fell over 144 points in early trade as investors turned cautious ahead of February derivatives expiry amid sustained foreign fund outflows and mixed Asian cues.The... read more

 The Hindu13 hours ago
Rupee declines 30 paise against dollar in early trade

The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the U.S. dollar in opening session on Thursday due to increased demand for the greenback from importers amid heavy for... read more

 The Hindu14 hours ago
British company in talks to buy Mallya`s Formula One Team

Mallya is out on bail on a bond worth 650,000 pounds.... read more

 Zee India News15 hours ago
NITI Aayog preparing new list of sick PSUs for disinvestment: Amitabh Kant

The 2017-18 Budget had set the goal of disinvestment in public sector units at Rs 72,500 crore.... read more

 Zee India News15 hours ago
Stock market opens in red on weak global cues

The BSE Sensex was trading 119.55 points or 0.35 percent down to 33,725.31 in early morning trade.... read more

 Zee India News15 hours ago