New Delhi: It’s not just jeweller Nirav Modi and his uncle Mehul Choksi who have run away with Rs 13,000 crore of Punjab National Bank’s money. It now turns out that the fraud-hit bank has been robbed of another Rs 271 crore by a group of businessmen in UK using similar modus operandi.

New Delhi: Cutting flak from the department of telecom (DoT) over gaps in maintenance of BharatNet infrastructure, the BSNL has given a strong reply to the DoT putting the onus of the failure on Bharat Broadband Network Ltd (BBNL) and asserting it is this entity that should be questioned for the mismanagement.

The BSE benchmark Sensex on Monday opened in green ahead of a key RBI board meeting. Sensex started at 35,647.62 and the NSE Nifty50 at 10,731.25. In the first few minutes of trade, the 30-share Sensex traded at 35,647.62, up 190.46 points or 0.54 per cent and the Nifty50 at 10,724.85, with a gain of 42.65 points or 0.40 per cent.

The rupee depreciated by 9 paise to 72.02 against the US dollar in early trade Monday at the interbank foreign exchange, halting its four-day winning streak, ahead of RBI's board meet.

Fresh demand for the American currency from importers amid rise in crude prices weighed on the domestic unit, dealers said.

The BSE Sensex on Friday continued its rising streak for the second day to end at near a four-week high of 35,436.33, fuelled by gains in Reliance Industries, Bharti Airtel and other bluechips amid continued foreign fund inflows and strengthening rupee.

A higher opening in European shares too influenced sentiments here.

Washington: India has sought from the US 24 multi-role MH-60 ‘Romeo’ anti-submarine helicopters for its Navy at an estimated cost of $2 billion, according to defence industry sources.

The deal is likely to be finalised in a few months.

The Supreme Court on Friday stayed the Competition Commission of India’s order that imposed over Rs 420-crore penalty on the country’s second-largest car maker Hyundai Motors India for anti-trade practices including lack of standardisation of spare parts and allowing original equipment suppliers (OESs) to sell spare parts in the open market without any restrictions.

The EBITDA margin at 10.6% for Q2FY19 missed our/consensus estimates by 60 bps on lower realizations and higher commodity costs. The bigger surprise was resignation of Vinod Dasari with effect from March 31, 2019. Dheeraj Hinduja will take over as the executive Chairman till the Board finds a suitable replacement.We expect FY20 earnings to benefit from a confluence of factors (higher volumes, lower discounts, higher operating leverage) on BS6 pre-buy.

GVK Power and Infrastructure (GVKPIL) has received the shareholders’ approval to raise up to Rs 8,000 crore.

The resolution to raise the funds, by a combination of various options listed on the agenda of the annual general meeting (AGM) held recently, has been passed by the requisite majority, the company said in a BSE filing on Friday.

In a six-hour long marathon meeting held on Friday, the board members of Mumbai-based Tata Sons discussed the possibility of taking over the crisis-ridden Jet Airways. However, the company is yet to make a concrete proposal in this regard. Even as the discussions continued, the speculation sent the carrier's stock soaring to end the trading session at 8.7% higher. The stock has risen by around 40% in the past five days.

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