Punjab National Bank (PNB) on Tuesday reported a narrowing of its loss by nearly 65% to ₹4,750 crore during the fourth quarter of the fiscal ended March 2019 even after making adequate provisions towards the Nirav Modi fraud and non-performing assets (NPAs).

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts.

The four assets are Lovely International and Lovely Enterprises (Rs 95 crore), Abhijeet Ferrotech (Rs 89 crore), Trichy Tanjavur Expressway (Rs 24 crore) and Madurai Tuticorin Expressway (Rs 22 crore). The reserve prices for the four accounts suggest that the haircuts SBI is prepared to take stand at 79%, 63%, 48% and 43% respectively.

The Indian motorcycle market is taking a turn for the better with several offerings in various segments. You name it and they’ll have it - 150, 250, 300, 400, 600 and so on. A growing number of Indian motorcyclists want more than just a big mileage figure and are happy to accept dopamine-releasing performance and it’s alright if it drinks more fuel.

India has moved up one place to rank as the world's 43rd most competitive economy on the back of its robust economic growth, a large labour force and its huge market size, while Singapore has toppled the US to grab the top position, a global study showed Tuesday.

The Trump administration on Tuesday removed India from its currency monitoring list of major trading partners, citing certain developments and steps being taken by New Delhi which address some of its major concerns.

Switzerland is the other nation that has been removed by the US from its currency monitoring list which among others include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam.

The Securities and Exchange Board of India (Sebi) on Tuesday proposed a framework for ‘regulatory sandbox’. The term is used to define live testing of new products and services on a small set of customers for a limited period of time.

Typically, the regulatory provisions are relaxed during the testing period.

Scott Morrison has been sworn in as Australia's prime minister, 11 days after retaining the position in the country's general election.

Along with Deputy Prime Minister Michael McCormack, Morrison was sworn in by Queen Elizabeth's official representative in Australia, Governor-General Sir Peter Cosgrove, at a ceremony in the capital, Canberra.

Realty major DLF has transferred a three acre land worth Rs 330 crore in Gurugram to its joint venture with Singapore sovereign wealth fund GIC and is in process to hand over a Noida shopping mall to settle dues.

DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL) as on December 31, 2018.

Delhi-based Punjab National Bank has posted a net loss of Rs 4750 crore in the fourth quarter of 2018-19 on account of higher provisioning for bad loans, as per the official results announced on Tuesday.

The net loss for PNB in the same period of last financial year stoof at Rs 13,417 crore which was mainly due to reporting of fraudulent loans worth over Rs 14,000 crore to group of companies belonging to Nirav Modi and Mehul Choksi.

President Donald Trump says the US isn’t ready to make a trade deal with China, but he’s leaving open the possibility that the two nations could strike an agreement someday.

Speaking in Tokyo Monday, Trump said of China, “they would like to make a deal. We’re not ready to make a deal.”

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