Top buzzing midcap stocks to trade on February 23
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today – Jaypee Infra, Fortis Healthcare, and Punjab National Bank.
Power Minister calls meeting to discuss fate of Mundra projects: Sources
CNBC-TV18's understands that the Power Minister has called a meeting with the managements of Tata Power and Adani Power to discuss the fate of the Mundra projects.
Here's an update on global cues for February 23
Watch accompanying video of CNBC-TV18's Nigel D'Souza for World View.
Lenders are evaluating five bids for Jaypee Infratech: Sources
Sources tell CNBC-TV18 that lenders are evaluating five bids for Jaypee Infratech.
Swedish retailers' IKEA, H&M to expand India footprint in 2018
2018 may turn out to be a memorable year for Swedish retail giants Ikea and H&M in India. While Ikea will be launching its first store in India later this year, fashion retailer H&M is all set to go online this year.
ED likely to serve Nirav Modi with fresh summons: Sources
Mumbai office of Enforcement Directorate (ED) receives e-mail from Nirav Modi.
Nandan Nilekani may build IT infra for ModiCare
After building the IT infrastructure for Aadhaar and goods and services tax (GST) Network, Nanadan Nilekani could be involved in a new assignment with the government. This time, he could help build the infrastructure necessary to rollout the government's flagship announcement in the budget - The National Health Protection Scheme. In an interview with CNBC-TV18, Mohandas Pai, Chairman of Manipal Global Education shared his views and reading on the same.
Big renewable companies line up for IPOs
Watch CNBC TV-18's Nisha Poddar giving details about the IPO plans for the biggest companies in renewable energy space.
Infosys hits back with Rs 100 crore counter claim against Rajiv Bansal
Even as Infosys’ Former CFO Rajiv Bansal continues the fight for his severance package of close to Rs 12 crore in arbitration. Sources tell CNBC-TV18 that Infosys has in fact sought a large sum in counter claims from Bansal.
Nakshatra, Gili directors living in Mumbai chawls
Apart from naming Mehul Choksi, one of the Central Bureau of Investigation’s (CBI) first information reports (FIRs) in the Punjab National Bank (PNB) fraud case has named 5 people, who it says are directors with the Gitanjali Group. But when CNBC-TV18's Uttkarsh Chaturvedi tried tracking down these directors, he found something unusual.
EPFO cuts interest rate to 8.55% from 8.65%
Retirement fund body Employees Provident Fund Organisation (EPFO) has decided to cut its interest rates marginally. The EPFO which held a meeting of its central board of trustees has cut its interest pay-out to 8.55 percent from 8.65 percent.
Decoding PNB fraud: ED to probe 17 alleged Shell companies locations
At the outset, take a look at the developments surrounding the scam at Punjab National Bank (PNB). Sources tell CNBC-TV18 that over 150 shell companies are on the Enforcement Directorate's (ED) radar. The ED has now started investigations on 17 locations that are believed to be housing these companies.
EPFO Meet: What to expect?
The Board of Employees Provident Fund Organisation or the EPFO is meeting later today and crucial reforms are on the agenda. Watch CNBC-TV18’s Yash Jain giving more details on it.
There is no truth in bid disqualification reports: Essar Steel IRP to lenders
There have been reports that bids for Essar Steel are disqualified. Watch accompanying video of CNBC-TV18’s Nisha Poddar for the real picture.
Several suitors submit expression of interest to buy Ruchi Soya: Sources
The sale process of Ruchi Soya under the National Company Law Tribunal (NCLT) process is heating up with several interested parties in the fray. Watch accompanying video of CNBC-TV18’s Nisha Poddar for all the details.
Here’s an update on global cues for February 21
Watch accompanying video of CNBC-TV18's Nigel D'Souza for today's global cues.
N Chandrasekaran completes 1 year at the helm
N Chandrasekaran completes a year as Tata Sons' Chairman and keeps to his promise of stabilising the conglomerate by simplifying the structure.
PNB scam deepens: Five fresh arrests
In the latest developments in Punjab National Bank (PNB) scam - the Central Bureau of Investigation (CBI) has arrested 5 more people including Vipul Ambani, the President-Finance of Nirav Modi's Firestar Diamond.
RBI on PNB fraud: Banks warned 17 months ago
The Reserve Bank of India (RBI) has released a statement to strengthen its "SWIFT" mechanism. This Rs 11,400 crore Nirav Modi fraud is centred on SWIFT or Society For Worldwide Interbank Financial Telecommunication. The RBI has also said that it warned the banks as early as 17 months ago about SWIFT-related fraud. Comments come after Finance Minister Arun Jaitley broke his silence on the matter and blamed the then Punjab National Bank (PNB) management, the auditors and even the RBI's role in the scam.
Magnetic Maharashtra Summit: Hyperloop to come to India soon
Today was day two of the Magnetic Maharashtra Summit. So far close to Rs 5 lakh crore worth of memorandums of understanding (MoU) have been signed. The Maharashtra government summit is aiming at an investment commitment of at least Rs ten lakh crore. The memorandum of understandings signed today includes those with the likes of Virgin Hyperloop One, Mahindra and Mahindra and ReNew Power.
M&M bags Baghirathi's electric vehicle order
Under its electric vehicle policy and its energy storage policy, SUV giant Mahindra & Mahindra (M&M) has bagged its biggest private order for electric vehicles and is committing to an additional investment of Rs 400 crore in the state.
Hospitals under scanner: NPPA analyses hospital bills
Pharmaceutical sector's regulator National Pharmaceutical Pricing Authority (NPPA) has analysed bills of some hospitals and concluded that doctors and hospital prefer prescribing branded drugs, which are not under price control. CNBC-TV18's Ekta Batra gives us more details about what all has the pharma regulator found in its analyses, and what are their recommendations to tackle those concerns.
Income Tax department sends notice to Anita Singhvi
CNBC-TV18 learns that the Income Tax (IT) Department has served a notice to Anita Singhvi, the wife of Abhishek Manu Singhvi. This is related to jewellery she allegedly purchased from Nirav Modi's showroom.
PNB Scam: 3 officers arrested from PNB's Brady House branch
The CBI has arrested three officers from the Punjab National Bank's Brady House Branch. They are to be produced in court today. CNBC-TV18's Uttkarsh Chaturvedi gives us more details about who are these officials and what is their complicity in the Nirav Modi fraud?
