Reuters
Finance
Punjab National Bank detects fraudulent transactions worth $1.77 bn
State-run Punjab National Bank (PNB) said on Wednesday it had detected some “fraudulent and unauthorised” transactions worth about $1.77 billion ......
Manufacturing
ArcelorMittal, VTB-led Numetal bid for Essar Steel
ArcelorMittal SA and a group led by Russia’s VTB have made separate bids for India’s Essar Steel, which is undergoing ......
Finance
RBI tightens rules for bank loan defaults
The Reserve Bank of India (RBI) late on Monday tightened its rules around bank loan defaults, seeking to push more ......
Manufacturing
Industrial output grew 7.1% in December; retail inflation cools
India's annual industrial output grew 7.1 percent in December, data released on Monday showed, compared with 6.2 percent forecast in ......
Markets
Singapore Exchange shares tank after Indian bourses rein in trading abroad
Shares in Singapore Exchange Ltd (SGX) plummeted as much as 9 percent on Monday as brokers cut their earnings estimates ......
Finance
Sovereign wealth funds bet big on IPOs in India, other emerging markets in 2017
A Mexican tequila maker, a Vietnamese mall operator and Indian life insurers were just some of the stockmarket debuts that ......
Manufacturing
ONGC-led group gets stake in ADNOC offshore oil concession
A consortium led by India’s Oil and Natural Gas Corp has become the first group to win a stake in ......
TMT
Uber will pay Google's Waymo $245 mn to settle self-driving car dispute
Uber Technologies Inc will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to ......
TMT
Alibaba's payment affiliate likely to raise funds at $100 bn valuation
China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the ......
Markets
Sensex, Nifty end week 3% lower amid global rout, inflation worries
Indian shares slumped more than 1 percent on Friday, in line with Asian peers, as the global rout in equities ......
