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PNB sends 'caution notices' to 30 banks after Nirav Modi fraud
Rediff.com

PNB sends 'caution notices' to 30 banks after Nirav Modi fraud

Two days before suspending 10 of its officials in connection with jewellery designer Nirav Modi fraud case, the Punjab National Bank on Monday sent a caution notice to all the banks, informing about the modus operandi of the fraud.The notice was sent to Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of lndia, Corporation Bank, Catholic Syrian Bank, Dena Bank, Dhan Laxmi Bank, lClCI Bank, IDBI Bank, lndian Overseas Bank, ... Rediff.com, 2 days ago
Rediff.com

Don't judge China with a fossilised mindset

'There is no Buddha or Gandhi among countries, existing for the service of others; they all exist for the good of themselves.''For each country, its own interests should be paramount, and it is futile and churlish to expect China to be an exception to this rule,' says B S Raghavan, the distinguished civil servant and long-time China-watcher. People's Liberation Army soldiers at a drill in Beijing. Photograph: Peter Kujundzic/Reuters Ever since China rediscovered itself after the first few ...
 Rediff.com3 weeks ago
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UPDATE 1-India RCom's shares jump again on debt plan but unclear if all creditors on board

* Shares soar nearly 70 pct in 2 days after RCom unveilsdebt plan * Bonds in muted gains on Wednesday * RCom says it's in the process of reaching out to creditors(Recasts with response of Chinese creditors, details onEricsson case) By Promit Mukherjee and ...
 Sify1 month ago RCom's shares jump again on debt plan but unclear if all creditors on board  Sify1 month ago
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