News digest: PNB fraud, Vikram Kothari arrested, Bond yields jump, and more

State-owned Punjab National Bank, which is hit by "Letter of Undertaking" fraud, has transferred over 1,400 employees since February 19, 2018

Rs 114-bn fraud: Submit concrete plan to pay dues, PNB tells Nirav Modi

Punjab National Bank on Thursday told Nirav Modi, one of the prime accused in the Rs 114 billion letters of undertaking (LoUs) fraud, to submit “a concrete and implementable plan” to clear his liabilities. Read More...

UltraTech Cement closer to acquiring Binani; seeks CCI nod for takeover

UltraTech Cement is leading the race to take over Binani Cement by offering around Rs 62 billion and a 20 per cent stake in the company to unsecured financial creditors. Dalmia Bharat Cement had made a