PNB’s stock dips by 10% after bank detects fraud of over Rs 11300 crore

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Punjab National Bank share price slipped 9.7 percent intraday on Wednesday after the bank detected some fraudulent transactions worth Rs 11,300 crore in its Mumbai branch. The fraudulent transaction amount is close to 1/3rd of its total market capitalisation of Rs 36,000 crore and 2.55 percent of total loan book of Rs 4.5 lakh crore (as of December More...

by newsuttarakhand | Published 5 days ago
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By newsuttarakhand On Friday, February 2nd, 2018
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GST E-way bill: Technical glitches bring trading to a virtual standstill on day 1

The first day of compulsory application of E-way bill saw massive disruptions as the site crashed and taxpayers could not generate the necessary document. In the GST law, if you move goods within the same entity More...

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By newsuttarakhand On Thursday, February 1st, 2018
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Budget 2018: No reduction in petrol prices despite reduction of excise duty

In the budget 2018 Finance Minister Arun Jaitley announced the basic excise duty on petrol and diesel has been cut by two rupees per liter, but by raising the cess by Rs 2 in excise duty, there will be no change More...

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By newsuttarakhand On Thursday, February 1st, 2018
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Budget 2018: No changes proposed in Income Tax slabs

Finance Minister Arun Jaitley delivered his Budget 2018 speech on Thursday, with the government focusing on the agricultural sector and farmers’ income. In his speech, Jaitley said Budget 2018 will focus on More...

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By newsuttarakhand On Tuesday, January 30th, 2018
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Jeff Bezos opens Amazon’s new 4 billion dollar ‘rainforest’ office

Popular E-commerce site Amazon lived upto its name quite literally. Amazon’s newest office officially known as the Spheres complex, three glass dome structures housing 400 different species of plants with More...

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By newsuttarakhand On Tuesday, January 30th, 2018
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PAYTM’s stock sale turns more than 100 employees millionaires

More than 100 employees and former staffers have become millionaires after India’s second largest startup company’s (Paytm) stock sale of 500 million rupees. About 200 employees working in the company More...

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By newsuttarakhand On Tuesday, January 23rd, 2018
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Petrol prices cross Rs 80/l in Mumbai; Oil ministry seeks cut in oil subsidy

India’s oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials More...

By newsuttarakhand On Thursday, January 18th, 2018
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Policy and tax rate Changes recommended by the 25th GST Council Meeting

The Union Finance Minister Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The following Policy Changes have been recommended by the GST Council in its 25th meeting held today: The More...

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By newsuttarakhand On Thursday, January 11th, 2018
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BSNL offers more data on 485 plan

State owned BSNL (Bharat Sanchar Nigam Limited) has stepped into the tariff game again. After being out of sorts for a couple of months, BSNL has revised its entire tariff portfolio starting from the Rs 186 plan More...

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By newsuttarakhand On Saturday, January 6th, 2018
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Air India ties up with three banks for loans for 3 B777 planes

State-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank and Mashreq Bank to avail short-term loans for acquiring three Boeing 777 aircraft, Union minister Jayant More...