Why PNB is bracing for a $1B financial hit

Punjab National Bank (PNB) is bracing for a massive financial hit of $1.03 billion as it shifts to a new credit loss framework mandated by the Reserve Bank of India (RBI).

Mehul Choksi remanded to state prison in Dominica

A magistrate court in Dominica on Thursday moved Mehul Choksi from police custody to state prison, his lawyer Vijay Aggarwal said, but added that he would continue to remain in hospital as his medical condition deteriorated.

VHP to start fund-raising drive in Karnataka for Ram temple