The Ghaziabad police have registered a first information report against Punjab National Bank's Modi Nagar branch for allegedly depositing fake currency notes during the note ban. Police have registered a case on the basis of a complaint filed by the Reserve Bank of India, Kanpur.

According to the police, after Prime Minister Narendra Modi had announced that the Rs 500 and Rs 1,000 notes will be withdrawn from the financial system in 2016.

The City and Industrial Development Corporation (Cidco) and the GVK group have set 2021-end as a deadline for the commercial launch of the Navi Mumbai airport.

The two parties signed the concession agreement for the Navi Mumbai airport on Monday. The GVK group won the bid to construct the airport last February but the award letter was issued only in October.

Gujarat, Punjab and Andhra Pradesh are the best performing states in terms of mobility of goods and efficiency of logistics chain, according to a new ranking of states brought out by the government.

Launched on Monday, the new Logistics Ease Across Different States (LEADS) index developed by the Commerce and Industry Ministry and Deloitte ranked states in terms of the logistical support they provided to promote goods trade.

Stocks rose to fresh life-time closing high levels, riding on optimism over earnings, growth and upcoming Budget, with the benchmark BSE Sensex jumping 199 points to end at record 34,352.79 and the Nifty scaling the 10,600-mark for the first time.

Gains in key IT, capital goods, healthcare and metal stocks after consistent buying by domestic and foreign investors helped both the key indices scale new peaks.

The State Bank of India plans to raise up to $2 billion (over Rs 126 billion) by issuing bonds in US dollar or other convertible currency over two fiscals to fund overseas expansion.

"The executive committee of the Central Board.. has approved long term fund-raising in single/multiple tranches up to $2 billion," State Bank of India (SBI) said in a regulatory filing.

Though Sanjay Leela Bhansali and team Padmavat heaved a sigh of relief as the film has finally got a confirmed release date of January 25, looks like there's still some trouble left to be faced. Now, Rajasthan home minister has stated that Padmavat won't be released in the state following the previous orders of Rajasthan Chief Minister Vasundhara Raje, informs ANI.

Concerned about the deteriorating call drop situation, the Department of Telecom (DoT) will meet service providers on January 10 to discuss the burning issue and also the new service quality norms that have been implemented in the sector.

"We want to convey to the operators, the government's concerns on the state of call drops. Service providers have to get their act together," Telecom Secretary Aruna Sundararajan told reporters here on Monday.

Union Law and Justice Minister Ravi Shankar Prasad on Monday said the Central government is fully committed to media freedom.

"The government is fully committed to freedom of the press as well as to maintaining security and sanctity of Aadhaar for India's development," Prasad tweeted a day after various press bodies condemned the lodging of an FIR against a Tribune reporter who exposed Aadhaar data's vulnerability.

State-run oil marketing companies (OMCs) Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp are looking for a solution to the high card transaction fees for petrol and diesel purchases.

OMCs want banks to cut the card transaction fees on petrol and diesel purchases by half, Livemint reported while citing four people aware of the development.

With foreign portfolio investors (FPIs) continuing to buy Indian bonds and stocks, the rupee could strengthen further, hitting levels of 63 to the greenback, say market watchers. On Friday, the local currency touched a near-three-year high to close at 63.37 against the dollar. While the immediate reason for the rupee’s strength is the weakening of the greenback, over the past year foreign inflows of more than $30 billion into the equity and debt markets saw the rupee steadily strengthen against the dollar, notching up gains of over 7%. Close to $25 billion came in by way of FDI equity flows between April and September 2017.

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