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Etihad says no plans to divest stake in Jet Airways

Etihad Airways said on Thursday, it has no plans to divest stake in Jet Airways, which is Canada Goose Outlet a “valuable partner”. The leading Gulf airline also rejected aviation think tank CAPA claim that Etihad might sell the entire stake in Jet Airways by the third quarter of next financial year. “The claims made in the CAPA report are false. Jet Airways is a valuable partner of Etihad Airways, and Canada Goose Parka we have no plans to divest,” an Etihad spokesperson told PTI in an e mailed statement. Etihad has been invested in Jet Airways since April 2013 when it acquired 24 percent equity for around Rs 2,069 crore and there have been speculations that the Abu Dhabi based carrier is likely to sell the stake. (PTI)

uk canada goose State owned IDBI Bank on Thursday said it had lodged a complaint with CBI in January 2015 against RP Info Systems with regard to a fraud and the matter is under investigation. The BSE stock exchange had sought a reply from the bank over a report that said the fresh case has been registered against RP canadian goose jacket Info Systems, the makers of Chirag Computers. The bank said complaint had been registered dated May 20, 2015. It has been informed that CBI had already filed the canada goose store charge sheet pertaining to the case on December 30, 2016, and canada goose the investigations are in progress. uk canada goose

canada goose factory sale On Wednesday, Canara Bank had informed to exchanges that it had declared RP Infosystems as a fraud account in May 2015 in which it was a a part of consortium of 17 banks and its exposure in the case was Rs 40 crore. canada goose factory sale

Zomato co founder Pankaj Chaddah quits

Pankaj Chaddah, co founder of online restaurant guide and food ordering app Zomato has resigned from the company after serving 10 years saying he will take a few months break and start something buy canada goose jacket new. In his canada goose deals letter to the employees posted on the company blog on Thursday, Chaddah said: I have been thinking of moving on for sometime now, but I didn want to leave when the company really needed me to be around”. Stating that the company has been going through some rough times in the last two years, he said: “now that the company is in good shape, I think its a good time”. He will be a part of the company till March 31.(PTI)

Karti custodial interrogation needed to unearth larger conspiracy: Court

A Delhi court allowed custodial interrogation of Karti Chidambaram by the CBI for five days, saying there was a need to unearth the larger conspiracy in the INX Media case and his presence would serve some important purposes connected with the investigation. The court said Karti CBI custody was necessary to confront him with documents and co accused, as Canada Goose sale well as to probe the role of others involved in the case, while the agency maintained that three mobile phones have been recovered from him which needed to be examined. (PTI)

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canada goose clearance sale The Enforcement Directorate on Thursday, moved a special court here seeking a non bailable warrant (NBW) against Gitanjali Gems promoter Mehul Choksi, a key accused in the alleged Rs 12,700 crore PNB scam. It also moved another court seeking permission to search the south Mumbai residence of billionaire diamond merchant Nirav Modi, a co accused in the Punjab National Bank scam. canada goose clearance sale

Special ED prosecutor Hiten Venegaonkar told CBI judge S canada goose black friday sale R Tamboli that the Central Bureau of Investigation has searched the residence and sealed it. “We (ED) need permission to search his residence,” the lawyer said. The CBI had not searched three cupboards in the house, and the ED may be allowed to conduct a joint inspection of these cupboards with the CBI, the lawyer said. The CBI court is likely to pass an order on March 3. (PTI)

PNB hikes lending rates by 15 bps to 8.30 percent

The scam hit Punjab National Bank (PNB) raised its lending rate by 15 basis points to 8.30 percent with immediate effect, on Thursday. The New Delhi based lender also increased its retail and build deposit rates by up 45 basis points on Canada Goose Jackets various maturities. The move comes on the same day when the industry leader SBI increased the lending rates by 20 bps to 8.15 percent. The one year marginal cost of funds based lending rate (MCLR) for PNB was earlier at 8.15 percent. The decision to constitute NFRA, as envisaged in the Companies Act, 2013, comes at a time when auditors have come under the scanner for alleged lapses in various corporate scams, including the biggest banking sector fraud to the tune of Rs 12,700 crore at Punjab National Bank. It would be an overarching watchdog for auditing profession and once set up, the current powers of the ICAI to act against erring chartered accountants will be vested with the new regulator. (PTI)

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The state owned banks have closed down 35 overseas branches and representative offices as part of the clean and responsible banking initiative. As per the banking sector agenda approved at the PSB Manthan in November last year, public sector banks (PSBs) have to examine all 216 overseas canada goose clearance sale operations. The rationalisation of overseas operations of banks is significant as jewellery designer Nirav Modi allegedly cheated Punjab National Bank (PNB) of Rs 12,700 crore in connivance with PNB staff and officials of overseas branches of other state owned banks. According to sources, Bank of India, Andhra Bank, IDBI Bank and Indian Overseas Bank have closed down Dubai operations, while Punjab National Bank, Canara Bank and Union Bank of India have shut Shanghai offices. (PTI)

PNB appoints LV Prabhakar as Executive Director

Punjab National Bank (PNB) has appointed Lingam Venkata Prabhakar as the Executive Director for a period of three years. Prabhakar appointment follows the retirement of Ram S Sangapure who demitted the office of the Executive Director on February 28, 2018, after attaining the age of superannuation, PNB said in a regulatory filing. He has been appointed for a period of three years canada goose outlet with effect from the date of taking over cheap Canada Goose charge of the post on or after March 1, 2018, or until further orders, whichever is earlier. (PTI)

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buy canada goose jacket cheap State Bank of India (SBI) has frozen canada goose coats three accounts of Nirav Modi group companies and shared the information related to those accounts with investigative agencies, bank officials said. have proactively conducted internal scrutiny and came across three deposit accounts of the Nirav Modi group companies in our overseas branches,” the officials told PTI. These accounts were with the three overseas SBI branches at Dubai, Bahrain and Antwerp, officials said. The bank found out these accounts after internal scrutiny, the officials said, adding these accounts are not directly related to the PNB fraud of nearly Rs 12,600 crore. However, these could help in the investigation so the bank shared the details with the CBI, the ED, the income tax department and other relevant agencies. buy canada goose jacket cheap

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Canada Goose Online Finance Minister Arun Jaitley said on Thursday inaugurated the centralised GPF module of Public Financial Management System (PFMS) for all central government employees and ePPO module of PFMS for complete end to end electronic processing of pension cases. Canada Goose Online

Canada Goose sale Speaking at the occasion, Jaitley said, “There is a certain amount of sanctity which must remain attached to the government accounting system. While there are government departments that can function with a fairly high amount of accuracy, the Civil Accounts Department is one that cannot afford to err because a small error can lay a huge footprint. The government accounts need to be error free as the government informs the nation on the state of public finances and therefore the sanctity of work is important and involves a high level of efficiency which adds to the integrity of the government, he said. (PTI) Canada Goose sale

canada goose store Karti Chidambaram, the son of former Union minister P Chidambaram, who was arrested in Chennai yesterday in connection with a corruption case, has been sent to the custody of the Central Bureau of Investigation (CBI) for questioning till March 6. canada goose store

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