Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

India is an 'emerging democratic superpower': Australian PM

Describing India as an "emerging democratic superpower", Australian Prime Minister Tony Abbott on Thursday kicked off his two-day India visit during which the two countries are likely to clinch an......

13 candidates in fray for PNB top job

At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB),......

Your salary, last year, was more than Mukesh Ambani's!

Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fourth straight year in a row while his children earned a sitting fee......

SBI sees no rate war on home loans

Stating that it does not foresee a rate war on the home loan front, the largest lender State Bank of India on wednesday said it is targeting an uptick in housing advances at 18 per cent on good......

SBI sells $1-bn bonds, sets new benchmark

State Bank of India has set a new benchmark in overseas bond pricing at a low 3.25 per cent for its just-concluded $1-billion debt sale programme in the global markets which has received an......