Topic: Nirav Modi

Punjab National’s butter chicken is truly cooked, as the RBI continues to force all lenders to flush out dud loans.

The bank Tuesday posted its largest-ever quarterly loss of Rs 13,416.91 crore for the January-March period, mainly on account of high provisioning for bad loans.

Gems and jewelry exports fell 16.6 percent from a year ago pushing India’s trade deficit deep into the red and giving more ammunition to rupee...

CBI sources say this loan was given to Mehul Choksi’s Gitanjali group in 2013-14, could be added to the PNB scam amount at a later stage.

Minister of State for External Affairs V.K. Singh told parliament last week that they had sought the provisional arrest of Nirav Modi by the government of the Hong Kong.

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Nirav Modi's Gitanjali Gems saw its market value rise from Rs 9.9 billion to a Rs 58 billion in seven years. Now its market value stands at just Rs 1.46 billion.

‘We are short-staffed, need more expert hands to probe voluminous PNB case,’ it says while asking for permission to let sub-inspectors probe the case.

Sources said the decision came after repeated attempts to reach out failed to assuage the opposition, leading to seven straight days of washou

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