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PNB fraud: ED to seek immediate confiscation of Nirav Modi"s 70-bn assets

A court-issued non-bailable warrant is already pending against Modi and the ED has also moved the Interpol to get a global arrest warrant issued against him, sometime back.....»»

Category: topSource: business-standardMay 27th, 2018

PNB"s bad-loan woes mount to over Rs 151 bn on back of Nirav Modi fraud

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017. Within ten months, these defaults have grown by 28%, from Rs 118.79 bn.....»»

Category: topSource: business-standardMay 6th, 2018

Credit underwriting norms tightened to curb frauds, says PNB

The second largest public sector lender had reported an alleged fraud of over Rs 130 billion by diamantaire Nirav Modi in February-March this year.....»»

Category: topSource: business-standardMay 1st, 2018

PNB fraud: CBI finds major lapses, to file chargesheet next month

CBI has found major lapses by bank officials while issuing LoUs to jewellery Nirav Modi's entities via the foreign branches of other Indian banks.....»»

Category: topSource: business-standardApr 26th, 2018

PNB scam: Govt intervenes in Nirav Modi firms" bankruptcy proceedings in US

Nirav Modi-owned Firestar Diamond Inc filed for bankruptcy in the US on February 27.....»»

Category: topSource: business-standardApr 22nd, 2018

PNB fraud: CBI court issues non-bailable warrant against Mehul Choksi

The CBI court had last week issued a non-bailable warrant against Nirav Modi.....»»

Category: topSource: business-standardApr 11th, 2018

CBI probing Rs 52.8-bn loan to Mehul Choksi by ICICI-led consortium

It is alleged that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) of $2 billion issued in favour of foreign branches of Indian banks based on fraudulent claims.....»»

Category: topSource: business-standardApr 11th, 2018

Big Tech firms march to the beat of Pentagon, CIA despite dissension

A funny thing has happened to Google and Amazon on their path toward high-tech success: They have become crucial cogs in the U.S. national security establishment......»»

Category: topSource: moneycentralJun 9th, 2018

Air India sale exposes hurdles for Narendra Modi"s divestment drive

Modi's government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.....»»

Category: topSource: business-standardMay 31st, 2018

Real housing prices aren"t even close to their peak

Getty Images Unadjusted housing prices have been rising since 2011, and in March they increased by 6.4% compared to a year ea.....»»

Category: topSource: businessinsiderMay 27th, 2018

Four years of NDA govt: It"s Modi vs anarchist combination, says Jaitley

Asserts fifth year will be for consolidation of policies and programmes.....»»

Category: topSource: business-standardMay 26th, 2018

UPA "unquestionably" most corrupt; Congress moving towards fringe: Jaitley

In a blog post, FM says Modi govt has provided 'scam-free' governance in the past four years, country has moved from being a part of fragile five' to a "bright spot" on the global stage.....»»

Category: topSource: business-standardMay 26th, 2018

UPA "unquestionably" most corrupt; India in bright spot under Modi: Jaitley

Jaitley said India has to transform from a tax non-compliant society to a tax-compliant society.....»»

Category: topSource: business-standardMay 26th, 2018

Rs 140-billion PNB-Nirav Modi fraud case: How money changed hands

The charge sheet was filed against Modi and 23 others associated with him.....»»

Category: topSource: business-standardMay 25th, 2018

Nirav Modi closes Ala Moana Center store amid fraud allegations against billionaire founder

Nirav Modi, a luxury jewelry store in Ala Moana Center is closed, following the company's Chapter 11 bankruptcy filling in New York and reports that its billionaire owner has been charged with bank fraud in India. The jewelry company is owned by I.....»»

Category: topSource: bizjournalsMay 24th, 2018

ED files charge sheet against Nirav Modi over $2-billion PNB fraud

The charge sheet also details the attachments made by the agency against Modi and his associates.....»»

Category: topSource: business-standardMay 24th, 2018

ED files chargesheet on Nirav Modi case; eight banks likely named

"Since the instances of round-tripping of funds are different in the case of Nirav Modi and Mehul Choksi, we plan to file another chargesheet soon," said an official.....»»

Category: topSource: business-standardMay 24th, 2018

Modi accepts Virat Kohli"s "Fitness Challenge", video to be shared soon

The Fit India movement was initiated by Prime Minister Modi in March, which has been gaining momentum since then.....»»

Category: topSource: business-standardMay 24th, 2018

This is the one big problem in Congress" plan to topple Modi in 2019

Congress earned one-fourth of the funds than BJP in the financial year ended March 2017.....»»

Category: topSource: business-standardMay 22nd, 2018

Nirav Modi scam: PNB Ex-MD knew it all, could have averted Rs 130-bn fraud

In its 12,000-page charge sheet, CBI claims that Usha Ananthasubramanian and some other senior bank officials were aware about Nirav Modi's fraudulent dealings, but kept misleading RBI.....»»

Category: topSource: business-standardMay 22nd, 2018