Punjab National Bank
Manufacturing
NCLT approves JSW's $2.7-bn bid for Bhushan Power & Steel
The National Company Law Tribunal (NCLT) has approved billionaire Sajjan Jindal-led JSW Steel Ltd’s offer of Rs 19,700 crore ($2.7 ......
General
Grapevine: Carlyle, General Atlantic may invest more in PNB Housing
Private equity firms Carlyle and General Atlantic are likely to increase their stake in PNB Housing Finance Ltd, a media ......
Markets
Nifty, Sensex slump 2% after dismal growth data
Indian shares plunged 2% on Tuesday in a broad-based selloff, as investors fretted over data that showed the economy grew ......
Finance
Govt unveils big-bang plan to merge state-run banks
The government will merge 10 state-run banks into four as part of a big consolidation drive to clean up the ......
Markets
Sensex, Nifty down this week on US-China trade conflict, global recession fears
Indian shares ended a tick higher on Friday, powered by gains in banking stocks, but finished lower for the week ......
Finance
Why India's $86-bn bank rescue effort isn't enough to ease the distress
It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned ......
Finance
Carlyle-backed PNB Housing Finance raises $100 mn from IFC
PNB Housing Finance Ltd said on Monday it has raised $100 million (Rs 690 crore) from International Finance Corporation for ......
Finance
Allahabad Bank reports SEL Manufacturing's $100 mn fraud
Allahabad Bank Ltd on Wednesday reported a 6.89 billion rupees ($100.1 million) fraud related to textile company SEL Manufacturing Ltd ......
Finance
Punjab & Sind Bank reports fraud in Bhushan Power account
India’s Punjab & Sind Bank (PSB) said on Wednesday it has reported a 2.38 billion rupee ($34.58 million) fraud to ......
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
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