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(Reuters) - U.S-based private equity firm Carlyle Group LP (O:CG) is looking to double its stake in Indian housing finance company PNB Housing Finance Ltd (NS:PNBH), Bloomberg Quint reported on...
By Manoj Kumar and Krishna N. Das NEW DELHI (Reuters) - India's Prime Minister Narendra Modi on Friday unveiled a dozen measures to support small- and medium-sized businesses, as he aims to woo a...
By Abhirup Roy and Aditya Kalra MUMBAI/NEW DELHI (Reuters) - India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related...
MUMBAI (Reuters) - India's capital market regulator has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial...
By Abhirup Roy, Rajendra Jadhav and Krishna N. Das MUMBAI (Reuters) - India's Punjab National Bank (NS:PNBK) (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart...
MUMBAI (Reuters) - An Indian government panel has suggested creating an asset management company (AMC) to resolve bad loans above 5 billion rupees ($73 million), among steps to clean up the banking...
By Abhirup Roy, Aditya Kalra and Euan Rocha MUMBAI/NEW DELHI (Reuters) - A $2 billion fraud at India's Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it...
(Reuters) - Nirav Modi, the billionaire jeweler at the heart of a more than $2 billion fraud case in India, has fled to the UK, where he is claiming political asylum, the Financial Times reported on...
By Promit Mukherjee and Neha Dasgupta MUMBAI/NEW DELHI (Reuters) - When a $2 billion dollar fraud at state-run Punjab National Bank (NS:PNBK) rocked India two months ago, Chetan Hemani and other...
By Nigam Prusty, Promit Mukherjee and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) - Indian police on Monday charged the former head of Punjab National Bank (PNB) (NS:PNBK) and 10 other officials at...
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