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Punjab National Bank Posts Biggest Ever Quarterly Loss Of Rs 13,417 Crore In Q4

Punjab National Bank Posts Biggest Ever Quarterly Loss Of Rs 13,417 Crore In Q4

PNB has witnessed deterioration in gross net performing assets (NPAs) or bad loans, which rose to 18.38% of gross advances at the end of March this year, as against 12.53% a year ago. NEW DELHI – The scam-hit Punjab National Bank (PNB) on Tuesday posted its largest ever quarterly loss of Rs 13,416.91 crore for […]

May 19th, 2018 | Posted in Business | Read More »

CBI Likely To Charge Jeweler Nirav Modi In Rs. 12,600 Bank Fraud Case

CBI Likely To Charge Jeweler Nirav Modi In Rs. 12,600 Bank Fraud Case

Diamond jeweller Nirav Modi is under investigation for defrauding the Punjab National Bank of Rs 12, 600 crore. His uncle Mehul Choksi is also being investigated, and both their passports have been suspended. NEW DELHI – The Central Bureau of Investigation (CBI) is all set to file its first chargesheet on Monday against a former […]

May 19th, 2018 | Posted in Business | Read More »

Indian Banks On Hook For $26 Billion In Loans To Stressed Electricity Projects

Indian Banks On Hook For $26 Billion In Loans To Stressed Electricity Projects

Lenders, on the hook for $26 billion, are yet to classify these exposures as nonperforming, let alone provide for losses out of (their increasingly nonexistent) profits. However, now that the central bank is forcing them to clean up their act, they’re trying to think of creative solutions. NEW DELHI – Enron Corp. is long gone, […]

May 19th, 2018 | Posted in Business | Read More »

Young Indo-Canadian Film Producer From Vancouver Goes Big In China And Hollywood

Young Indo-Canadian Film Producer From Vancouver Goes Big In China And Hollywood

  Burnaby Boy Daljit DJ Parmar And Top Hollywood Action Director Renny Harlin Launch China-Based Extraordinary Entertainment Production Company! LINK editor R. Paul Dhillon, also a well known writer-director and film producer, who has his new film DESI ANGREJ: The Fusion Generation releasing soon, met up with Parmar during his recent trip to China as […]

May 12th, 2018 | Posted in Bollywood, Breaking News, Business, Entertainment, International, Lead Story, Link News, Link VIP'S, News, South Asian, South Asian, Top News | Read More »

Nestle Pays $7.15 Billion To Sell Coffee With Starbucks Brand

Nestle Pays $7.15 Billion To Sell Coffee With Starbucks Brand

While Starbucks holds the crown in the $13.8 billion US coffee market, Nescafe and Nespresso hold the top ranks globally. NEW YORK – Nestle SA and Starbucks Corp. are joining forces to rejuvenate their coffee empires. The Swiss maker of Nescafe will pay the Seattle-based chain $7.15 billion upfront in cash for the rights to […]

May 12th, 2018 | Posted in Business | Read More »

Business Sentiment In India Weakest Since 2014: Grant Thornton

Business Sentiment In India Weakest Since 2014: Grant Thornton

MUMBAI – Business optimism in India has deteriorated with the country ranking 6th globally on the optimism index in the first quarter of 2018, according to Grant Thornton’s International Business Report (IBR), a quarterly global business survey. In a release on the findings, Grant Thornton said, India has been topping the chart since the new […]

May 12th, 2018 | Posted in Business | Read More »

Basmati Regains Top Slot In India’s Agri Products’ Exports

Basmati Regains Top Slot In India’s Agri Products’ Exports

CHANDIGARH – After three years, basmati has regained the top slot in the exports of agri and processed food category in 2017-18, surpassing buffalo meat. During the year, basmati contributed 22.60% to the country’s total agricultural and processed food products’ exports (value-wise), followed by buffalo meat (21.86%). Buffalo meat has been the highest agri-related export […]

May 12th, 2018 | Posted in Business | Read More »

Top Three Microgaming Slots With The Best RTP

Top Three Microgaming Slots With The Best RTP

Microgaming is a big name in the online casino world and their popularity is largely owing to the fact that they develop nothing short of the best online casino games, which are available at only the top-rated casino operators and have a fairly large variety of them to offer. Visit any Microgaming-powered online casino and […]

May 8th, 2018 | Posted in Business, Link News, News, South Asian | Read More »

WhatsApp Co-Founder Leaving Facebook

WhatsApp Co-Founder Leaving Facebook

SAN FRANCISCO – WhatsApp co-founder Jan Koum on Monday put out word that he is leaving Facebook, which bought the smartphone messaging service four years ago for $19 billion. Koum said in a post on his Facebook page that he is taking time off to pursue interests such as collecting air-cooled Porsches, working on cars […]

May 5th, 2018 | Posted in Business | Read More »

US-Based Ebix To Enter India’s $30 Billion Digital Education Market

US-Based Ebix To Enter India’s $30 Billion Digital Education Market

Will Ebix be able to compete with Byju’s with investors such as Sequoia, the Chan Zukerberg Foundation and China’s Tencent? NEW DELHI – Ebix, a $2.5 billion corporation headquartered in Georgia, USA, has announced its 11th acquisition in India in less than a year. Having already spent $300 million to acquire several payments, forex, remittance […]

May 5th, 2018 | Posted in Business | Read More »