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Bhushan Power fraud: Allahabad Bank down 11%

MUMBAI:  In reaction to the Rs 1,774.82 crore Bhushan Power & Steel Ltd (BPSL) fraud that Allahabad Bank reported in the weekend, its scrips fell by over 11 per cent during the early trade on Monday.

Allahabad Bank defrauded of Rs 17,775 cr by Bhushan Power & Steel

MUMBAI: After Punjab National Bank, Allahabad Bank on Saturday said that it has been defrauded by Bhushan Power & Steel Ltd (BPSL) to the tune of Rs 1,774.82 crore.

Government treating farmers badly, complains Rahul

 NEW DELHI: Congress leader Rahul Gandhi on Thursday accused the central government of adopting "double standards" and taking decisions as if "farmers are inferior to the rich".

UAE-based Indian expat's savings blocked after wife's death

DUBAI: A Dubai-based Indian expat's savings worth 1 million dirhams ($272,242) had been blocked following his wife death as the couple had joint accounts with various banks in the United Arab Emirates (UAE), the media reported on Thursday.

Special prayers in UP before India-NZ WC clash

LUCKNOW:  Special prayers are taking place in various temples in Uttar Pradesh ahead of the World Cup semi-final clash between India and New Zealand to be played at the Old Trafford in Manchester on Tuesday.

FM-RBI meet on Budget briefing to discuss dividend, overseas bond, NBFCs

NEW DELHI:  Finance Minister Nirmala Sitharaman will brief the RBI's central board on Monday on Budget measures and sources saihe upcoming sovereign bonds, NBFC issues and RBI dividend will figure in the discussion at the Central Board meeting.

PNB tanks by 10% after another fraud case

MUMBAI: Two days after the Punjab National Bank (PNB) said that it had been defrauded by Bhushan Power & Steel Ltd. (BPSL) to the tune of Rs 3,805.15 crore, its scrip fell by over 10 per cent on Monday.

Sensex down 420 points; auto, banks stock lose

MUMBAI:  The Sensex and Nifty lost over 1 per cent during the early trade on Monday following the tabling of the Union Budget on Friday.

2% TDS for cash withdrawals above Rs 1 crore proposed

NEW DELHI: In a bid to promote digital payments and curb black money, Union Finance Minister Nirmala Sitharaman on Friday proposed tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year from a bank account.

Andhra opposition slams 'demolition man' Jagan

VISAKHAPATNAM: Opposition parties in Andhra Pradesh have slammed Chief Minister Y.S. Jagan Mohan Reddy for his 'demolition mission' even as the government appears to be planning dismantling of Rajiv Smruthi Bhavan in this coastal city.

Bollywood celebs face the woes of Mumbai rain

MUMBAI:  Akshay Kumar and Twinkle Khanna were set for a family vacation. Randeep Hooda was travelling to Mumbai with his uncles who were coming there for the first time. Kriti Sanon was returning to Mumbai from Delhi after a work trip. But the rain played spoilsport for them all.

Congress attacks Modi government over education loans

NEW DELHI: The Congress on Monday accused the Modi government of "punishing" lakhs of economically weaker students seeking education loans to pursue professional or technical courses.

Assocham seeks liquidity infusion, investment sops in budget

NEW DELHI:  The government should ensure adequate liquidity into NBFCs, provide investment incentives and cut corporate tax rates for revival in the economic growth and creation of new entrepreneurial opportunities, industry body Assocham has said.

Chandrababu Naidu gets house demolition notice

AMARAVATI: Moving ahead with the Andhra Pradesh government's plan, authorities on Friday pasted a demolition notice outside the "illegal" house of former chief minister N. Chandrababu Naidu.

Demolition of building built by Naidu in Amaravati underway

AMARAVATI:  Authorities in Andhra Pradesh Tuesday night began demolition of a building adjacent to former Chief Minister N. Chandrababu Naidu's residence on the banks of the Krishna river here.

Tesla hasn't met Musk's Q2 production goal: Report

SAN FRANCISCO: Electric Vehicle (EV) maker Tesla has not met CEO Elon Musk's second quarter (Q2) record production goal, according to media reports.

Sudden spike in Jet Airways stocks, gains 66%

MUMBAI:  Grounded Jet Airways stocks saw a sudden spike on Thursday as its advanced 66 per cent from its intra-day low to hit a high of Rs 44.70 per share during early trade on the BSE.

Yogi's push to tourism in UP

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath has reviewed the performance of the state tourism department and directed measures to boost tourism.

Facebook says its digital currency 'Libra' coming in 2020

SAN FRANCISCO:  Amid intense calls to break it down as the company has grown too big, Facebook on Tuesday announced its own digital wallet subsidiary called "Calibra" for its global cryptocurrency "Libra" which would be powered by Blockchain technology.

Investors abandon Jet Airways, shares crash 52%

MUMBAI:  Jet Airways shares lost over half of its value on Tuesday following its lenders' decision to initiate bankruptcy proceedings against the grounded airline.

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