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A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

Business

PNB to e-auction 4,000 properties to reclaim loans

â€¢ According to the bank, the action will help in achieving the recovery of Rs 26,000 crore during current FY 2018-19.

14 Feb 2019 2:34 PM IST

Business

Bankrupt RCom arm to build a fintech centre in Navi Mumbai

Reliance Communications surprised all by moving for filing for insolvency on February 1.

11 Feb 2019 4:37 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Business

Lenders propose to revive Jet Airways by management change: source

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

21 March 2019 11:02 AM IST

$Anil Ambani-led Reliance Group on Wednesday said it has sent a Rs 1,000 crore defamation notice to Mumbai Congress president Sanjay Nirupam for making \false and baseless\ allegations against the company.$ Business

Reliance Communications pays Rs 458.77 crore to Ericsson: sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

18 March 2019 6:05 PM IST

Reliance Group Chairman, Anil Ambani (Photo: File)

Business

A day left for Anil Ambani to pay USD 80 mn to avoid jail

The repeated failure to comply and Ambani's personal guarantee landed him in trouble last month,

18 March 2019 3:44 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 March 2019 9:22 AM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

Business

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden...

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 March 2019 8:53 AM IST

Business

Jet Airways chairman Goyal urges employees to bear with him in...

Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds.

2 March 2019 12:19 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Business

Jet Airways shares halt three-day slide; zoom 13 per cent

The scrip, after a positive opening, jumped 11.57 per cent to Rs 172.50 on the BSE.

23 April 2019 12:40 PM IST

In 2015-16, MTNL reported a total annual revenue of Rs 3,197.41 crore and net loss of Rs 2,005.72 crore.

Business

MTNL remains relevant for telecom, its sustainability important for...

The revival plan is expected to be taken up by the Cabinet soon, according to sources.

22 April 2019 2:35 PM IST

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

Jet Airways employees seek President's intervention for salary dues,...

Domestic lenders have invited bids for selling stake in Jet Airways.

20 April 2019 3:45 PM IST

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

Jet Airways crisis: Lenders explore ways to use 15 planes, protect...

Banks had rejected emergency funding request of Jet Airways that forced it to ground operations.

19 April 2019 4:22 PM IST