Free Press Journal
  • Another Kanpur firm under scanner for loan default

    Shri Lakshmi Cotsyn has allegedly defrauded a consortium of 16 banks of over Rs 3,972 cr. Central Bank has already started auctioning firm’s assets.

  • BSE set to delist 36 firms from March 5

    New Delhi : In a bid to join the government’s move to clamp down on shell companies, the Bombay Stock Exchange (BSE) said it would delist 36 companies from next week as trading in their shares has remained suspended for over three years.

  • Holiest site for Christianity now reopens

    Jerusalem : The Jerusalem church built at the site many see as the holiest in Christianity reopened on Wednesday after a three-day closure to protest against Israeli measures had left thousands of visitors locked outside.

  • SBI raises deposit rates by 0.75%

    Mumbai : The country’s largest lender State Bank of India (SBI) has revised retail and bulk deposits rates by up to 0.75 per cent for various maturities, effective Wednesday.

  • Maldives detains and deports international lawyers 

    Colombo : The Maldives detained and deported a group of international lawyers who travelled to the troubled honeymoon islands to study the impact of emergency rule, their organisation said on Wednesday.

  • Maharashtra eases norms for UCBs to recover bad loans

    Mumbai : In a bid to aid urban cooperative banks (UCBs) recover the over Rs 10,000 crore in bad debt, the Maharashtra government has liberalised norms on interest repayments for getting money back in case of impaired loans.

  • Nirav’s sister likely to be probed by ED

    New Delhi : A week after the Income Tax Department evinced interest in a firm linked to Punjab National Bank (PNB) fraud accused Nirav Modi’s sister in Singapore, the Enforcement Directorate (ED) is also now on its trail.

  • Controversial Kanchi Shankaracharya passes away, last rites today

    Chennai : Sri Jayendra Saraswathi Swamigal, the 69th pontiff of the Kanchi Kamakoti Peetham, one of the four mutts of Shankaracharya, passed away at a private hospital in Kancheepuram – around 74 km from Chennai – on Wednesday morning. The 83-year-old seer was taken to the ABCD Hospital located near the mutt after he complained of breathlessness but died soon after.

  • PNB ropes in forensic auditor for fraud case

    New Delhi : Punjab National Bank (PNB) has appointed Belgium-based consultancy firm BDO as forensic auditor for five of Nirav Modi Group companies that lead to the biggest ever banking fraud of $2 billion in the country.

  • Air India plans to employ 500 cabin crew by May

    Mumbai/New Delhi :Disinvestment-bound Air India plans to hire 500 cabin crew members as the national carrier prepares to induct more aircraft and meet new regulatory requirements, a senior official has said.

  • NIA to probe human trafficking cases

    New Delhi : The apex anti-terror body National Investigation Agency (NIA) will be the nodal authority for probing cases of human trafficking after the government on Wednesday approved a proposal in this regard, according to an official.

  • 15 Congress MLAs suspended, 50 others walkout from Guj Assembly

    Ahmedabad : Gujarat Assembly Speaker Rajendra Trivedi on Wednesday suspended around 15 Congress MLAs for a day after they sat in the well and shouted slogans against the ruling BJP over VAT being charged on fuel by the state government.

  • Afghan president unveils plan for peace talks with Taliban

    Kabul : Afghan President Ashraf Ghani on Wednesday unveiled a plan to open peace talks with the Taliban, including eventually recognising them as a political party, days after the militants called for direct negotiations with the US.

  • TVS Auto Assist, Paytm Mall tie-up to  provide 24×7 breakdown assistance

    Chennai : TVS Auto Assist and Paytm Mall have join hands to offer 24×7 breakdown assistance to automobile owners across the country. As per the partnership, car and bike owners would receive breakdown assistance services from any TVS Auto Assist service from Paytm Mall, a company statement said.

  • Cabinet nod to hike MPs’ allowances

    NEW DELHI: Members of Parliament are set to get increased allowances with the Union Cabinet on Wednesday approving a proposal in this regard.

  • Low-cost home loans face higher risk of defaults: Report

    Mumbai : Even as government policies give huge thrust to affordable housing, data reveals elevated risks in the segment for lenders because of a higher propensity among the borrowers to default. According to domestic rating agency Crif Highmark, as against 1.96 per cent of overall home loans not repaid for over 90 days, the same for loans under Rs 25 lakh, classified as affordable housing, was 2.33 per cent as of November

  • UK braces for storm Emma as heavy snow causes chaos 

    London : A brutal winter blast, named ‘Beast from the East’ after the direction of the winds, is set to transform into Storm Emma as the UK suffers severe travel disruptions and chaos due to heavy snow.