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New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
Jalandhar: In a sensational twist in the April 6, 2026 daylight robbery at the Punjab National Bank branch here, police have arrested a deceased retired DSP's son, the prime accused in the case. Police investigation has revealed how the accused, who was initially drawn towards drugs, ended up in such a high-profile robbery. The robbery took place at the PNB branch located in Khurla Kingra at around 2:30 PM on Monday when two two-wheeler-borne armed robbers barged inside the bank and looted cash ...Read More >
New Delhi: In a significant boost for Indian agencies in the extradition case against Mehul Choksi, an Antwerp court of appeal has ruled that there is a valid legal basis to extradite the fugitive diamantaire to India, while rejecting his allegations that the Indian government abducted him in Antigua and Barbuda in 2021. Choksi is also understood to have applied for asylum in Belgium, anticipating an adverse outcome, people familiar with the matter said. The chamber of accusation, part of the A ...Read More >
New Delhi, Apr 8 (PTI) The Antwerp Court of Appeal has given a positive advice to the Belgian government to clear fugitive diamantaire Mehul Choksi's extradition on six of the seven counts of alleged charges he is facing in India. In its advice to the Belgian government on April 3, the 'kamer van inbeschuldiging' (chamber of accusation) of The Antwerp Court of Appeal has said that all the alleged crimes for which Choksi is wanted in India -- criminal conspiracy, criminal breach of trust, forger ...Read More >
Two masked miscreants looted ₹6 lakh from a Punjab National Bank branch on Mithapur Road in broad daylight on Monday. The incident happened around 2:30pm when one of the two robbers entered the bank premises and held the woman cashier at gunpoint before fleeing with cash on a scooter. Deputy commissioner of police (DCP) Manpreet Singh Dhillon said the incident was recorded on the CCTV cameras. "The footage of which has been procured by the cops. The bank officials told the police that the ma ...Read More >
New Delhi : Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long term wealth creation and financial protection, Promise4Wealth enables participation in market linked returns while offering the assurance of life insurance -- bringing together investment and protection in a more transparent, value ...Read More >
NEW DELHI, April 7, 2026 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next‑generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long‑term wealth creation and financial protection, Promise4Wealth enables participation in market‑linked returns while offering the assurance of life insurance -- bringing together investment and protection ...Read More >
Mumbai : Punjab National Bank (PNB), the nation's leading public sector bank, witnessed an overwhelming nationwide response to PNB Soldierathon 2026, drawing participation from diverse running communities, Army groups, and fitness enthusiasts. Emerging as one of India's largest running events, the marathon reflects the country's growing culture of fitness and national unity. Organised in association with the Indian Armed Forces under the theme "Run with Soldiers - Run for Soldiers," the event br ...Read More >
Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
NEW DELHI: The Central Bureau of Investigation (CBI) has registered a yet another case against industrialist Anil Ambani of Reliance Communications Ltd and others based on allegations of causing wrongful loss of Rs 3750 crores to Life Insurance Corporation of India Ltd, the agency said. The FIR names Reliance Communications, Ambani, the then non-executive chairman and unknown public servants, accusing them of criminal conspiracy, cheating, and criminal breach of trust. Ambani is facing multiple ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
Several banks, including HDFC Bank, Punjab National Bank, and Bandhan Bank, have revised their ATM usage rules ahead of the new financial year starting April 1, 2026. Several banks, including HDFC Bank, Punjab National Bank, and Bandhan Bank, have revised their ATM usage rules ahead of the new financial year starting April 1, 2026. The changes mainly impact how free ATM transactions are counted and the daily cash withdrawal limits for debit cards. HDFC Bank: UPI ATM withdrawals now counted as ...Read More >
New Delhi, March 30 (SocialNews.XYZ) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. She also said that action had been taken under the Fugitive Economic Offenders Act (FEOA) against those evading Indian law by staying abroad. This was a reference to high-profile cases such as the Nirav Modi case, ...Read More >
India financial reforms from April 1: Income-tax Act 2025, PAN rules, credit card reporting, TDS changes, RBI 2FA mandate and railway ticket rules explained India is set to usher in a wide-ranging set of regulatory and financial changes from April 1, 2026, covering taxation, banking, digital payments, credit cards, labour laws, and railway ticketing, as part of efforts to modernise systems, improve compliance, and enhance user convenience. Income-tax overhaul begins The six-decade-old Income- ...Read More >
NEW DELHI: The first hearing on fugitive diamantaire Nirav Modi's appeal against his extradition to India, scheduled for Tuesday in London, has been postponed until the end of February 2026, people familiar with the development said. Officials said the hearing was postponed because Nirav Modi's legal team requested time to submit certain documents. A Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) team travelled to London for Tuesday's hearing and is understood to have m ...Read More >
New Delhi, Nov 20 (PTI) State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects. Units of public InvITs are listed and traded on stock exchanges such as the National St ...Read More >
As per the Memorandum of Understanding (MoU), the bank will provide competitive dealer finance options to the medium and heavy commercial vehicle company dealers, it said in a statement. Commercial vehicle maker Ashok Leyland on Monday said it has inked a pact with Punjab National Bank for dealer finance. As per the Memorandum of Understanding (MoU), the bank will provide competitive dealer finance options to the medium and heavy commercial vehicle company dealers, it said in a statement. The ...Read More >
Chennai, Nov 3 (UNI) CV makers Ashok Leyland, the Indian flagship of the Hinduja Group, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) for dealer financing. Under this partnership, the Bank will provide competitive dealer finance options to the Medium and Heavy Commercial Vehicle (MHCV) dealers of Ashok Leyland. The MoU was signed by K. M. Balaji, Chief Financial Officer, Ashok Leyland, and Amitabh Rai, General Manager, PNB in the presence of senior officials from b ...Read More >
More than 300 companies are set to announce their results for the second quarter of FY 2025-26 next week. The financial metrics will provide critical insights into the company's performance in the July-September quarter. The upcoming Q2FY26 results will also help to predict their future trajectory. As the companies span across major sectors, the results will also help investors and analysts gauge the broader trends in various industries. Prominent companies scheduled to announce results include ...Read More >
New Delhi, Oct 22 (PTI) There is no risk that fugitive diamantaire Mehul Choksi will not get a fair trial in India after his extradition, a Belgian court has ruled, underlining that he has failed to demonstrate any "serious risk" of being subjected to torture, inhuman or degrading treatment. A four-member indictment chamber at the Court of Appeals in Antwerp has found no infirmity in the orders issued by the pre-trial chamber of the Antwerp district court on November 29, 2024, allowing Choksi's ...Read More >
Private banks such as Yes Bank, RBL, DCB, Federal and City Union Bank can rally up to 48%, hint charts. Shares of private banks, mainly Yes Bank and RBL Bank have been in limelight after Japan-based Sumitomo Mitsui Banking Corporation and UAE-based Emirates NBD picked equity stake in these two Indian private banks. Sumitomo Mitsui became the largest shareholder in Yes Bank at 24.99 per cent following the additional stake purchase from SBI and a consortium of seven other shareholders. Over the ...Read More >
New Delhi [India], October 19 (ANI): M Paramasivam, Executive Director of Punjab National Bank (PNB), stated on Sunday that the bank is focusing on strengthening its core segments -- retail, agriculture, and MSME loans and deposits -- as part of its growth strategy. In banking, RAM is a common acronym for the Retail, Agriculture, and MSME loan and deposit segments. Banks focus on this sector because it represents a significant portion of their business and is often a key driver for growth. Spe ...Read More >
New Delhi [India], October 18 (ANI): The Patiala house court on Saturday rejected the plea of Ashok Kumar Pal, CFO of Reliance Power, challenging his arrest in the money laundering case. The Enforcement Directorate has apprehended him in connection with this case. He is being held in judicial custody after undergoing ED interrogation. Special judge Kiran Gupta rejected the plea moved by Ashok Kumar Pal. Also Read | Diwali 2025 Bank Holidays: Banks To Remain Closed on These Dates in Fourth Week ...Read More >
New Delhi: In a major breakthrough for Indian authorities, a court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, ruling that his arrest by Belgian authorities on India's request was valid. Officials said the order marks a significant step forward in India's efforts to bring Choksi back to face trial in the ₹13,000-crore Punjab National Bank (PNB) scam. Choksi, however, has the option to appeal the decision in a higher court in Belgium. "The order has come i ...Read More >
New Delhi [India], October 17 (ANI): A Belgian court in Antwerp has cleared the extradition of fugitive diamond trader Mehul Choksi to India, declaring his arrest by Belgian authorities earlier this year as lawful. The ruling represents a major development in India's long-running efforts to secure his return in connection with the Punjab National Bank (PNB) fraud case. Also Read | What Is IRCTC Vikalp Scheme and How Can It Help You Get Confirmed Train Tickets During Diwali and Chhath Puja? Kno ...Read More >
NEW DELHI: An Antwerp court has ordered fugitive diamantaire Mehul Choksi's extradition to India and termed his arrest by the Belgian authorities based on India's request as valid, a development which brings New Delhi a step closer to bringing him back, people familiar with the development said. To be sure, Choksi still has an option to appeal against the decision in a higher court, according to an officer familiar with the matter, who added "this means he may not come immediately but the first ...Read More >
New Delhi, Oct 17 (PTI) A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said. The order has come as a strong validation for India's case seeking his extradition, with Choksi having the option of appealing against the decision in a superior court in Belgium, they said. "The order has come in our favour. The court has termed his arres ...Read More >
New Delhi: A court in Belgium's Antwerp has ordered the extradition of diamond merchant Mehul Choksi to India to face trial in the Rs 13,000-crore Punjab National Bank (PNB) scam case. It's a big win for India which had sought the extradition of 65-year-old Choksi. Choksi, who was arrested in Belgium on April 12, can, however, appeal against the extradition order. The fugitive diamantaire was nabbed by Belgian authorities after an extradition request from Indian agencies Central Bureau of Inv ...Read More >
New Delhi [India], October 16 (ANI): Delhi Patiala House Court on Thursday remanded Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power Limited (RPL), to judicial custody in connection with the alleged fake bank guarantee and money laundering case being probed by the Enforcement Directorate (ED). Pal was produced before Special Judge Kiran Gupta after the conclusion of his three-day ED custody. The court remanded him to judicial custody till October 29. His a ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.