Index heavyweights like Tata Steel, State Bank of India, Bharti Airtel, Sun Pharma and Adani Ports were the top five laggards on BSE
The first hyperloop route in India will link central Pune with the megapolis as well as the Navi Mumbai international airport
BSE Sensex had lost 286.71 points in previous trade on Friday; Nifty50 index also fell 47.40 points, or 0.45 percent, at 10,404.90
PNB had said the alleged fraud was carried out by two staffers by not entering the transactions in the bank's core banking solution
Nirav Modi and Mehul Choksi allegedly connived with a few employees at Punjab National Bank's Mumbai branch to get issued fake Letters of Undertakings
GST Council finalised e-way bills rules in August, but a planned rollout in October was deferred after GSTN portal had crashed last year.
The result of inaction has emerged as a biggest fraud in India’s is banking history and all the accused in Punjab National Bank fraud have fled country.
Nirav Modi wrote to bankers informing them he was looking for suitors or possible buyers for his company Firestar Diamond and will use proceeds to repay dues
The PNB chief also said that his bank will never back any wrongdoing and it was PNB that has exposed the scam
The nature of the Punjab National Bank fraud is such that there may not be a big direct fund exposure to the alleged fraudster.
Blockchain technology is now finding acceptance right across the financial world as well as in the world of record keeping.
Banking analysts and banking industry officials do not have any further details about the specifics of this particular fraud involving Punjab National Bank.
CBI had conducted searches at as many as 21 places connected to Nirav Modi that included his residence, his brother Nishal, wife Ami and Mehul Chinubhai Choksi.
Revised framework has specified norms for 'early identification' of stressed assets, timelines for implementation of resolution plans