Following are the top business news stories at 2100 hrs today:
DEL53 BIZ-LSQ-PNB-FRAUD
New Delhi: State-owned Punjab National Bank (PNB) had witnessed losses to the tune of Rs 2,808 crore on account of frauds in 2016-17, almost a year before it unearthed the mega scam of Rs 12,646 crore allegedly perpetrated by billionaire diamond jewellers Nirav Modi and Mehul Choksi, Parliament was informed today.
DEL25 BIZ-LD STOCKS
Mumbai: Equities ended the day with modest losses as early gains were erased by a bout of fag-end selling, led by metal stocks which came under heavy selling pressure after the US imposed tariffs on some steel and aluminium imports, fanning fears of a global trade tussle.
Mumbai: The rupee failed to hold on to its early strong gains and eventually slipped back by 3 paise to end at 65.17 against the US currency on steady dollar demand from importers and banks.
DEL33 BIZ-AIRTEL PAYMENTS BANK
Mumbai: The Reserve Bank has imposed a penalty of Rs 5 crore on Airtel Payments Bank for violating operating guidelines and Know Your Customer (KYC) norms.
DEL31 BIZ-WTO-MINISTERIAL
New Delhi: US and China are among the 24 WTO members who will send their "political representatives" at the 'mini-ministerial' meeting called by India on March 20 to break the impasse on certain issues and prepare a common ground to push the mandate of the global trade body, Commerce Secretary Rita Teaotia said here today.
New Delhi: Gold prices fell by Rs 100 to Rs 31,350 per 10 grams at the bullion market today in tandem with a weakening global trend amid sluggish demand from local jewellers.
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