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Banking sector crisis part of larger mess: CPI-M leader (28 minutes ago)
New Delhi, Feb 23 (IANS) Communist Party of India (Marxist) leader Nilotpal Basu on Friday said the present crisis in the banking sector is part of a larger crisis the country is facing on multiple fronts.

AIADMK plans grand celebration of Jayalalithaa's 70th birth anniversary (21:20)IANS Photo Service
Chennai, Feb 23 (IANS) The ruling AIADMK will hold several events as part of the grand celebration of the 70th birth anniversary of late Chief Minister and party supremo J. Jayalalithaa on Saturday.

Biocon to expand presence in Hyderabad, Syngene to set up R&D lab (21:12)IANS Photo Service
Hyderabad, Feb 23 (IANS) India's largest biopharmaceutical company Biocon will expand its presence in Hyderabad while its subsidiary Syngene will set up a research and developmentm an official statement said on Friday.

Nirav-Choksi also looted Rs 5,000 cr of common people, alleges Congress (21:08)IANS Photo Service
New Delhi, Feb 23 (IANS) The Congress on Friday alleged that jeweller Nirav Modi and his uncle Mehul Choksi have not only siphoned Indias banks of Rs 21,306 crore, but have also duped Indias middle class and common people of Rs 5,000 crore in jewellery investment schemes.

New US H-1B norms won't make much difference: Nasscom (Lead) (21:06)IANS Photo Service
Bengaluru, Feb 23 (IANS) The United States' latest move on issuing H-1B visas to software engineers will not make much difference to Indian IT firms, apex industry body Nasscom said on Friday.

Remaining arrested farmers will be released soon: Rajasthan Minister (21:00)
Jaipur, Feb 23 (IANS) Rajasthan Home Minister Gulabchand Kataria on Friday told the Assembly that the protesting farmers still under arrest will be released soon.

Maharashtra plastic industry challenges ban (20:56)
Mumbai, Feb 23 (IANS) In wake of the blanket ban on manufacture and sale of all plastic bags and packaging materials imposed by the Maharashtra government, thousands of industry players took out a massive protest procession here on Friday.

Netflix will be a giant exporter of Indian stories: Reed Hastings (20:52)IANS Photo Service
New Delhi, Feb 23 (IANS) Netflix's CEO Reed Hastings says that the Global internet TV network will be a giant exporter of Indian stories in the future.

Rotomac Chief, son sent to transit remand, IT seizes 12 bank accounts (Roundup) (20:34)IANS Photo Service
New Delhi, Feb 23 (IANS) A CBI court on Friday sent Rotomac owner Vikram Kothari and his son Rahul to one-day transit remand while the Income Tax department seized 12 bank accounts of the group and issued six prosecution against the businessman in connection with the Rs 3,695 crore loan default.

PNB fraud: Assets of Rs 43 cr of Nirav seized (Roundup) (20:12)IANS Photo Service
New Delhi/Mumbai, Feb 23 (IANS) The ED on Friday said it had frozen diamantaire Nirav Modi's bank account and shares worth Rs 43 crore even as the CBI raided his Mumbai-based Kamala Mills firm and seized documents regarding the Rs 11,300 crore Punjab National Bank fraud probe.

Vistara to start daily flights to Kochi, Chenai from Kolkata (20:10)IANS Photo Service
Kolkata, Feb 23 (IANS) Full-service carrier Vistara on Friday said it will offer double daily flights between Kolkata and Chennai, as well as a direct same aircraft service to Kochi via Chennai from March 25.

Online portal for wholesale sugar trade launched (19:54)
New Delhi, Feb 23 (IANS) Indian Sugar Exim Corporation Ltd (ISEC) on Friday launched e-commerce platform to provide better selling options to sugar mills and more competitive rates to buyers.

India invites Saudi Arabia to strategic oil reserve programme (19:52)IANS Photo Service
New Delhi, Feb 23 (IANS) Indian Petroleum Minister Dharmendra Pradhan on Friday invited Saudi Arabia to participate in the Indian Strategic Petroleum Reserve Programme, an official statement said.

Restrictions on immigration 'bruising brand America': Uber CEO (19:48)IANS Photo Service
New Delhi, Feb 23 (IANS) Uber CEO Dara Khosrowshahi, an Iranian-American entrepreneur, on Friday said restrictions on immigration were "bruising brand America".

GJEPC denies reports of 'four-fold surge' in diamond imports (19:44)
Mumbai, Feb 23 (IANS) Categorically denying reports of a "four-fold surge" in imports of diamonds from "unspecified" locations in April-November 2017, the Gem & Jewellery Export Promotion Council (GJEPC) on Friday said that exports actually came down 14.44 percent as compared to the same period in 2016.

No country should allow its soil to be used for terror against others: India, Canada (Roundup) (19:42)IANS Photo Service
New Delhi, Feb 23 (IANS) India and Canada on Friday resolved to combat terrorism and violent extremism in all forms and manifestations and agreed that no country should allow its territory to be used for such activities, an agreement that came during the weeklong visit by Prime Minister Justin Trudeau that was marked by controversies over the perceived softness of Canada towards Khalistani separatists on its soil.

'RBI Governor should quit after PNB fraud' (19:24)IANS Photo Service
Chennai, Feb 23 (IANS) Reserve Bank of India (RBI) Governor Urjit Patel should own up moral responsibility for the massive $1.8 billion scam/fraud allegedly committed by diamond retailer Nirav Modi and resign his post, demanded a top banking employees union leader.

OnePlus captures 48% premium market share in India (19:20)IANS Photo Service
New Delhi, Feb 23 (IANS) Chinese smartphone maker OnePlus has continued its growth in the overall Indian premium segment by capturing 48 per cent market share in fourth quarter, as per International Data Corporation's (IDC) latest Quarterly Mobile Phone Tracker 2017 Q4.

Bank unions defer March 15 strike (19:20)
Chennai, Feb 23 (IANS) The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the Indian banking sector, on Friday decided to postpone their March 15 strike for early finalisation of wage revision, said top leaders of two large banking unions.

Union Minister meets IAS body, stresses work-friendly environment (19:04)IANS Photo Service
New Delhi, Feb 23 (IANS) Minister of State in the Prime Minister's Office Jitendra Singh on Friday met members of the IAS Association over the alleged assault on Delhi Chief Secretary Anshu Prakash by AAP MLAs and assured them that he will put across inputs and suggestions to ensure safety of officials.

India Kawasaki bets big on premium motorcycles domestic market (19:04)IANS Photo Service
Kolkata, Feb 23 (IANS) India Kawasaki Motors Pvt Ltd, which remained bullish on the country's premium motorcycles market, is looking to increase local procurement to reduce cost and increase sales, an official said here on Friday.

New US H-1B norms won't make much difference: Nasscom (18:42)IANS Photo Service
Bengaluru, Feb 23 (IANS) The United States Administration's latest move on issuing H-1B visas to software engineers will not make much difference to Indian IT firms, said the apex industry body Nasscom on Friday.

CII says PNB fraud shows gaps in supervision, seeks dilution of government stake (18:38)IANS Photo Service
New Delhi, Feb 23 (IANS) Condemning the recently detected $1.8 billion fraud at the Punjab National Bank (PNB), industry chamber Confederation of Indian Industry (CII) on Friday said the incident showed gaps in supervision and monitoring systems at the bank level.

Jio asks COAI to apologise for its comments (18:38)IANS Photo Service
New Delhi, Feb 23 (IANS) A day after the Cellular Operators' Association of India (COAI) said it is likely to drag the telecom regulator to the court following its recent Telecom Tariff Order (TTO), Reliance Jio has sent a letter to the telecom body to publicly apologise within 48 hours for its "defamatory statements".

Palaniswami invites Jain community to invest in TN (18:36)IANS Photo Service
Chennai, Feb 23 (IANS) Tamil Nadu Chief Minister K. Palaniswami on Friday appealed to the Jain community for industrial investments in the state that offers several advantages.

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