The Telegraph
Saturday, February 17, 2018
 

Business

Push for trade with Iran

First published on 18-Feb-2018
India and Iran on Saturday agreed to examine the feasibility of using the rupee and the rial as currencies for trade and signed pacts to avoid double taxation in a bid to boost bilateral trade....   | Read..
 

Auto policy road map for incentives

First published on 18-Feb-2018
The government's draft National Auto Policy proposes lowering of import duties on components and machinery, setting up of a technology acquisition fund and initiating trade pacts with countries wit......   | Read..
 

IHCL charts rejig route

First published on 18-Feb-2018
The Tata group's hospitality arm Indian Hotels Company Limited (IHCL) has devised a three-pronged strategy spanning over the next five years to increase its operating profit margins by 8 per cent....   | Read..
 

State Bank bares PNB pain

First published on 17-Feb-2018
The State Bank of India has an exposure of $212 million (about Rs 1,360 crore) to Nirav Modi via the letters of undertaking issued by the Delhi-based Punjab National Bank. However, it does not have......   | Read..
 

Malaise deep & wide, feel sleuths

First published on 17-Feb-2018
Revenue sleuths tracking the Nirav Modi-case believe the alleged fraud involved more bankers and extended to more diamond firms....   | Read..
 

Loan worry for jewellers

First published on 17-Feb-2018
The jewellery industry fears credit flow to be affected in the coming months as banks exercise caution towards lending to the sector in light of the alleged fraud involving diamantaire Nirav Modi a......   | Read..
 

Shares slump

First published on 17-Feb-2018
Punjab National Bank (PNB) has lost market capitalisation worth Rs 8,731 crore after its shares slumped for the third straight session on Friday following the detection of an alleged fraud....   | Read..
 

Mahindras invest in Zoomcar

First published on 17-Feb-2018
Car and bicycle rental firm Zoomcar has raised $40 million (about Rs 256 crore) in fresh funding, led by Mahindra & Mahindra (M&M) with participation from existing investors....   | Read..
 

Trai fixes fine for predatory pricing

First published on 17-Feb-2018
Telecom regulator Trai on Friday said it would impose a financial disincentive of up to Rs 50 lakh per circle on operators if their service rates are found to be predatory in nature....   | Read..
 

Regulatory agencies step up vigil

First published on 17-Feb-2018
Regulatory probe into the alleged Rs 11,400-crore fraud at Punjab National Bank is gaining momentum....   | Read..
 

RIL stake in retail venture

First published on 17-Feb-2018
Reliance Industries Ltd (RIL) on Friday said it will acquire a 65 per cent stake in Indian Film Combine Pvt Ltd (IFC), which is building a drive-in theatre, hotel, retail mall and club on a 12-acre......   | Read..
 

Pledge to wipe off diamond dirt 

First published on 16-Feb-2018
Punjab National Bank sought to soothe investors' nerves on Thursday after the discovery of a $1.77-billion scam at a single branch sent its shares plunging and raised fears about the scale of fraud......   | Read..
 

Axis bid to keep its books clean

First published on 16-Feb-2018
Axis Bank on Thursday indicated that it no longer has any exposure to the Rs 11,400-crore fraud detected at PNB....   | Read..
 

Audit nudge to lenders

First published on 16-Feb-2018
The finance ministry, which owns controlling stakes in around 21 public sector banks, cracked the whip on Thursday, asking the lenders to carry out a rigorous internal audit of all letters of under......   | Read..
 

Leeway for PwC

First published on 16-Feb-2018
The Securities Appellate Tribunal (SAT) on Thursday allowed PricewaterhouseCoopers (PwC) and its network entities to continue with the audit works of existing clients till the end of March 2019....   | Read..
 

Liquid cargo terminal in Haldia

First published on 16-Feb-2018
The Calcutta Port Trust has signed a concession agreement with a private player to set up a liquid cargo handling terminal at Haldia for Rs 172.5 crore....   | Read..
 

Carlson plans to hit a century

First published on 16-Feb-2018
Global hospitality major Carlson Rezidor has set its sight on a portfolio of 100 hotels in India by the end of 2018....   | Read..
 

EY award for Sanjiv Bajaj

First published on 16-Feb-2018
Sanjiv Bajaj, managing director of Bajaj Finserv, has been named the EY Entrepreneur of the Year 2017....   | Read..
 

Loud buzz on base year shift

First published on 16-Feb-2018
The base year to calculate the economic growth (GDP) and industrial output (IIP) would be changed to 2017-18, while for retail inflation the year will be revised to 2018, the government said on Thu......   | Read..
 

WPI inflation eases to 6-month low of 2.84% in Jan  

First published on 15-Feb-2018
Inflation based on wholesale prices eased to a six-month low of 2.84 per cent in January, with prices of food articles down but vegetables continuing to rule high....   | Read..