Free Press Journal
  • FM Arun Jaitley slams regulators’ failure to detect Rs 11,400 crore PNB fraud

    New Delhi: Finance Minister Arun Jaitley on Saturday said cases of willful default and bank fraud will have a detrimental impact on the government’s objective of ensuring ease of doing business. Speaking at the ET Global Business Summit 2018 here, Jaitley said repeated occurrence of fraud causes major setbacks to efforts for improving ease of doing business, and this subsequently creates room for criticism on the economy.

  • Saudi Aramco eyes stake in Rs 1.8 L-cr Maha oil refinery

    New Delhi : Saudi Aramco, the world’s largest oil company, is interested in acquiring a stake in India’s proposed Rs 1.8 lakh-crore refinery in Maharashtra and a Rs 33,000-crore petrochemical complex in Andhra Pradesh, Oil Minister Dharmendra Pradhan said on Friday.

  • Bank denies appointment of PwC for audit

    Mumbai : Punjab National Bank on Friday denied reports that it appointed global firm PwC for forensic audit of accounts of Nirav Modi, accused in Rs 11,400 crore scam, in view of Sebi’s order against the audit firm.

  • Sebi asks HDFC Bank to probe results leakage

    Mumbai : Markets regulator Sebi on Friday asked private lender HDFC Bank to identify individuals, including bank officials responsible for leakage of its financial results, as the watchdog has found inadequate controls at the lender as ‘prima facie’ reason for the leak.

  • SC tells IndiGo to shift to T2 of IGI in 25 days

    New Delhi : The Supreme Court on Friday dismissed a plea of no-frill carrier IndiGo challenging a Delhi High Court order to shift its operations from Terminal-1 (T-1) of the IGI Airport here to Terminal 2.

  • Ombudsman scheme for NBFCs unveiled

    Mumbai : The RBI on Friday launched ‘Ombudsman Scheme’ for non-banking financial companies for redressal of complaints against them.

  • Work on India-bound Tapi gas pipeline begins

    Serkhetabat (Turkmenistan) : Turkmenistan, Afghanistan, Pakistan and India (Tapi) on Friday ceremonially broke ground on the Afghan section of an ambitious, multi-billion dollar gas pipeline expected to help ease energy deficits in South Asia.

  • US tells India to cut tariffs

    New Delhi : US businesses are pressing India to cut tariffs after the country increased customs duties on dozens of products to boost its Make-in-India drive.

  • IT body slams new H-1B norms, sees no impact on industry

    Bengaluru : The United States Administration’s latest move on issuing H-1B visas to software engineers will not make much difference to Indian IT firms, said the apex industry body Nasscom on Friday.

  • SEBI slaps Rs 2 lakh fine on India Infoline

    New Delhi: Markets regulator Sebi today imposed a penalty of Rs 2 lakh on India Infoline for violating stock broker norms in the matter of United Spirits.