Snehal khanna Blog

The bank did not name the people involved but said it had reported the deals to law enforcement agencies LATEST NEWS :  India's Punjab National Bank said on Wednesday it had detected "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in Mumbai. The bank said in a statement the transactions were "for the benefit of a few select account holders with their apparent connivance" and that "based on these transactions other banks appear to have advanced money to these customers abroad." The bank did not name the people involved but said it had reported the deals to law enforcement agencies and would decide whether it faces any liability arising out of the transactions later. PNB shares fell as much as 5.7 per cent in early trading on Wednesday. ALSO READ THIS :  DAC Clears Proposal Worth Rs 15,935 Crore

A dedicated exchange for physical gold is expected to pave the way for standard gold pricing practices in India, apart from bringing in transparency into a market which sees large cash transactions LATEST NEWS : The world Gold Council (WGC ) plans to shape a committee quickly to help installation India's first spot gold exchange within 12 to 18 months, a senior official of the enterprise body said on Thursday.A committed trade for physical gold is anticipated to pave the way for trendy gold pricing practices in India, other than bringing in transparency right into a market which sees big cash transactions. "we will be taking lead in forming the committee, so that it will have all of the stakeholders," Somasundaram PR, managing director of the WGC's Indian operations, informed Reuters. The committee, that's in all likelihood to be formed inside the December region, will not installation the exchange. it'll provide guidance in setting up the chan...

Since July 3, the bank announced the stock split plan the stock outperformed the market by surging 29% against 3.5% rise in Sensex LATSET NEWS :  Yes Bank hit a new high of Rs 383, up 2% on BSE in early morning trade after the stock turned ex-stock split in the ratio of 1:5 with effect from today. The board of Yes Bank on July 26, 2017 had approved stock split in the ratio of 5 for 1, i.e. sub-division of 1 equity share of face value of Rs 10 each fully paid up into 5 equity shares of Rs 2 each fully paid up. The bank has fixed Friday, September 22, 2017 as record date for determining the eligibility of shareholders, with regards to sub-division equity shares. In order to facilitate affordability of the company’s shares for investors at large and to enhance the liquidity of the company’s equity shares in the stock market, the most of companies proposed to bring down the nominal face value of equity shares. Since July 3, the bank announced the stock split pl...

When asked about product segment that the alliance would be in, D'sa said it would be in motorcycles LATEST NEWS  : Bajaj Auto is close to forming an alliance but the name of the other party would be announced once the formalities were completed, Chief Financial Officer Kevin D'sa told analysts at a post-earnings call on Friday. The comment, initially made at Bajaj Auto's annual meeting late on Thursday, sparked speculation in local media that the Indian motorbike manufacturer may be close to a partnership or deal with iconic European motorcycle brand Ducati, which is being sold by Germany's Volkswagen. Reuters on Thursday reported that besides Italy's Benetton family and US buyout fund Bain Capital, Indian firms Eicher Motors and Bajaj Auto have also bid for Ducati. When asked on the earnings call whether reports on an alliance were true, D'sa said, "Whatever media statement has come out is factually correct. There is an alliance aro...

He will be produced in a Mumbai court where a FIR was filed following a complaint by Reliance Jio LATEST NEWS       : Cracking the Reliance JIO data breach case within 24 hours, the Navi Mumbai and Maharashtra Cyber police teams have zeroed in on the prime suspect in Rajasthan who will be brought to Mumbai on Wednesday. Confirming the developments, Maharashtra Cyber Superintendent of Police Balsing Rajput said that following an FIR lodged by the Navi Mumbai Police, the cyber sleuths got a lead which was thoroughly analysed to pinpoint information on the culprit. Rajput said that with the help of Rajasthan Police, one man was arrested from Churu district of that state and further investigations were on. "A team of Maharashtra Cyber, Navi Mumbai Police and Reliance Jio officials are in Rajasthan conducting raids with the help of Rajasthan Police, while a team from QuickHeal is providing technical help in the probe," Rajput said. The susp...

D-Mart with an m-cap of Rs 55,712 crore entered into the list of top-50 most valuable companies. LATEST  NEWS    : Avenue Supermarts, which operates supermarket chain D-Mart, has rallied 7% to Rs 910 on BSE, its highest level since listing on March 21, 2017. Shares of Avenue Supermarts (D-Mart) which is promoted by veteran ace investor Radhakishan Damani, rose 204% against its initial public offer (IPO) price of Rs 299 per share. The company raised Rs 1,870 crore was subscribed more than 100 times. Since March 21, 2017, the shares of D-Mart have outperformed the market by surging 42% compared with a gain of 6.5% in S&P BSE Sensex. At 01:41 pm; the stock was up 5.5% at Rs 893 against 0.53% rise in the benchmark index. A sharp surge in market price has led D-Mart to enter into the list of the top-50 most valuable companies in terms of market capitalisation (m-cap). D-Mart with an m-cap of Rs 55,712 crore stood at 47th position in overall m-ca...

West Bengal cleric had issued a fatwa offering Rs 10 lakhs to shave off Nigam's head Bollywood singer Sonu Nigam on Wednesday shaved off his head, hours after offering to apologise if his controversial tweets were found to be anti-Muslim. Earlier today, he accepted headlong a challenge by a West Bengal cleric's fatwa offering Rs 10 lakhs to shave off Nigam's head. He hit back: "Today at 2pm, Aalim will come to my place and shave my head. Keep your 10 lakhs ready Maulvi." Nigam kept his word and shaved off his head just prior to addressing a media conference at his residence where police had beefed up security after his tweets raked up a huge ruckus. He appeared before the media with a clean-shaven pate, wearing spectacles and smiling away happily even as various Muslim groups and organizations protested and contemplated moving the courts against him. Follow Sonu Nigam ✔ @sonunigam Today at 2pm Aalim will come to my place, and shave my head. Keep your 1...

Royal Challengers Bangalore  (RCB) have received a major boost as their skipper Virat Kohli has been declared fit and will make a return in the side's next Indian Premier League (IPL) clash against Mumbai Indians to be held in Bengaluru on Friday. The 28-year-old was forced to miss the initial matches of the tournament due to a right shoulder injury which he sustained while putting in a dive on the first day of the drawn third Test against Australia in Ranchi. However, the Board of Control for Cricket in India (BCCI) Medical Team now confirmed that Indian Cricket Team and RCB captain Kohli has regained match fitness. ALSO READ :  IPL is the best tournament to challenge yourself, says Gujarat Lions' Andrew Tye "The Indian Captain had undergone rehabilitation after sustaining an injury to his right shoulder and has now recovered to be able to participate in VIVO IPL 2017," the BCCI said. RCB will be waiting with baited breath for Kohli's return as they...