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In the three weeks since details of the alleged fraud was disclosed, Indian authorities and the media have squarely blamed Punjab National Bank, and a group of high-flying jewellers including diamond tycoon Nirav Modi.

The report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Ernst & Young LLP was launched here by Information and Broadcasting Minister Smriti Irani at the inaugural session of the FICCI Frames 2018.

Sinha said that government has received recommendations from the Telecom Regulatory Authority of India (TRAI) and will soon come out with policy around it.

Meanwhile, the benchmark BSE Sensex fell 258.09 points, or 0.75 per cent, to 34,088.30 in the early trade.

Each PSB will have to form a group comprising their EDs and CTOs and it will be the responsibility of the panel to "learn" from best practices across the banking sector and identify weakness in existing arrangements.

Methanol, which costs Rs 22 per litre, can be manufactured in India, but new technology was needed for the initiative, Union minister Nitin Gadkari said.

The country's financial crime agency, the Enforcement Directorate, said it had searched dozens of locations linked to Nirav Modi, the diamond billionaire at the centre of the investigation, over the last 48 hours, seizing diamonds, gold and jewellery wort...

The BSE Sensex rose 133.78 points, or 0.39 per cent, to 34,275.93. All sectoral indices were trading higher, led by metals, auto, capital goods and banking stocks that gained up to 1.34 per cent.

In July 2017, it was reported that Tata Consultancy Services will close its operations in Lucknow and shift to Noida and Bhopal after 33 years in Uttar Pradesh’s capital city.

The benchmark BSE Sensex rose 207.77 points, or 0.61 per cent, to 33,911.36 in early trade. The rupee ended lower by 58 paise on Tuesday at 64.79 -- its lowest in three months -- on rise in capital outflows.

In the wake of diamantaires Nirav Modi and Mehul Choksi allegedly defrauding Punjab National Bank of Rs 11,400 crore, the diamond industry will be approaching the finance ministry seeking a robust banking structure to finance the industry.

A bench headed by presiding officer GVK Raju passed the interim direction on an application by Yes Bank seeking recovery of Rs 569.64 crore loan given to Oscar Investment Ltd. for which Singh was a guarantor.

According to a CII release in New Delhi, the CII-IBA Financial Condition index for the Q4 FY2017-18 registered 53.2, which on a year-on-year basis has shown an improvement of five points.

The foreign loans were equal to 86 per cent of the annual budgetary estimates that the Pakistan parliament had approved in June last year. This suggests that foreign loans for the second consecutive year may cross USD 10 billion.

On BSE, the stock fell 19.94 per cent to a low of Rs 37.55. On NSE, the stock cracked 19.98 per cent to trade at Rs 37.45. Among other jewellery stocks, Tribhovandas Bhimji Zaveri (TBZ) fell 2.52 per cent to a low of Rs 110, Thangamayil Jewellery slumped...

The world's third-biggest oil importer shipped in 13.6 percent more oil in January than a year earlier and about 12.5 percent more than the previous month, the data showed.