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The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

PNB scam: 200 shell firms probed, ED raids 45 sites

The ED conducted searches at 45 premises, including jewellery showrooms and workshops allegedly linked to the accused,...

19 Feb 2018 2:26 AM IST

Since last week, Kotharis office in Kanpurs City Center road has been locked and he himself has been untraceable ever since. (Photo: ANI)

UP: Rs 837 Cr loan, Rotomac-owner missing, reports say PNB-like scam

Rotomac-owner Vikram Kothari took loans of Rs 352 crore from Kanpur branch of Allahabad Bank and Rs 485 crore from three...

18 Feb 2018 8:33 PM IST

Meanwhile, Congress MP Rajni Patil gave zero hour notice in Rajya Sabha over the issue of 33 per cent reservation for women in Parliament and Assembly. (Photo: ANI)

Rafale deal, PNB scam issue likely to stall major bills

The ruling BJP and the Congress have been blaming each other for the PNB fraud, with the former calling it the latter's ...

18 Feb 2018 7:25 AM IST

The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

PNB scam: BJP links Abhishek Manu Singhvi to Nirav Modi

Gandhi said that such a big scam could not have taken place without the knowledge or protection of people within the...

18 Feb 2018 6:43 AM IST

Nirav Modi (in red circle) and PM Narendra Modi along with the Indian business delegation at Davos in January.

PNB scam: Congress guns for PM, releases Mehul Choksi video

CBI, ED tighten noose around Nirav, Choksi; passports suspended.

17 Feb 2018 2:16 AM IST

Priyanka Chopra.

Priyanka Chopra to terminate contract with Nirav Modi

PNB has detected a Rs11,400 crore fraud where Nirav Modi allegedly acquired fraudulent LoUs from a branch in Mumbai.

16 Feb 2018 11:33 AM IST

Bank sought 100 per cent cash margins for issuing LoUs for raising buyers credit, which was contested by the firms saying they had availed of the facility from as early as 2010.

Union Bank has USD 300 million exposure to PNB fraud

Union Bank of India shares dropped 2.37 pc to Rs 117.25 while PNB stock fell over 3 pc to Rs124.45 on BSE.

16 Feb 2018 10:47 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

Punjab National Bank shares slide for third day

Stock hit its 52-week low on both BSE and NSE on Friday after it opened on a bearish note and fell 3.27 per cent to Rs...

16 Feb 2018 10:29 AM IST

Cabinet passes Fugitive Economic Offenders Ordinance 2018

A fugitive economic offender is one who has left the country to avoid facing prosecution, or refuses to return to face...

21 April 2018 5:35 PM IST

The Rs 13,000-crore PNB scam and fiscal slippage are among factors that have led to a sharp decline in business optimism for the June quarter, a report said on Monday.

PNB scam, fiscal slippage dent business optimism in June quarter

The optimism was rising in the September quarter of last year and hit a peak of 91 per cent for the first quarter of...

16 April 2018 3:10 PM IST

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its managing director Sunil Mehta said.

PNB says internal probe into USD 2 billion fraud ongoing

In March, PNB agreed to pay 65 billion rupees ($996 million) to counterparty banks.

12 April 2018 8:40 AM IST

Prime Minister Narendra Modi addresses the inaugural function of the Rajasva Gyan Sangam - Annual Conference of Tax Administrators, in New Delhi. (Photo: AP)

Age Debate: A real protest or a farce?

PM Modi's fast against the disruption of Parliament is just a political gimmick.

12 April 2018 6:03 AM IST