Former PNB MD was aware of the Nirav Modi fraud, misled RBI, CBI alleges

The Reserve Bank of India was misled by the senior executives at Punjab National Bank. At the end of 2016 the lender’s handling of the financial messaging system and credit guarantees which were the cornerstone of the $2 billion fraud was deluded-says CBI in the charge sheet filed in court. PNB ranked second largest state-run bank in the nation, was defrauded by the diamond merchants. The jewelry groups ushered by Nirav Modi and his uncle Mehul Choksi pulled the wool over the bank’s eyes, defrauding it of $2.2 billion by raising credit from the overseas branches of Indian banks by misleading them through illegal vouchers. However, the illegal guarantees were provided to the fraudsters by a PNB scamp at the Mumbai branch. There was no note of the fraud and fake guarantees as those were transmitted through the SWIFT financial messaging system which is in the heart of the bank’s accounting system- alleged the PNB staff. In 2016, the RBI had sent a note to all the banks including the PNB that there were some signs of the ill-use of...

Manchester City manager Pep Guardiola signed a contract extension up to 2021

On Thursday Pep Guardiola, the Manchester City manager signed a contract extension with the Premier League Champions to 2021. The Spanish professional football coach, Guardiola, joined City in 2016 on a three-year contract and led them to the Premier League title this year, ahead of Manchester United who is at the second-place by 19 points. City became the first top-flight club to collect 100 points in a season and broke records for a goal scored in a Premier League campaign (106), the most victories and best goal difference. The club chairman Khaldoon Al Mubarak said in a statement on City’s website that they take great pleasure in declaring Pep’s extension contract up to 2021. He also said that during his two seasons with them he has fuelled an incredible courage in the team and significantly contributed to their progress both on and off the field. In doing so he embodied the passion and commitment that everyone has for the club. If Guardiola stays until the end of the contract then it will represent his longest span in charge of one...

Hrithik Becomes Slim And Trim For His Next Outing Super 30

Mumbai May 19 -  Bollywood superstar Hrithik Roshan gears up for his next movie Super30 where he plays the role of Anand Kumar, a Patna based scholar of mathematics who helps the students of backward class families to achieve their dream of cracking the IIT entrance examinations. A new photo of this Vikas Bahl directed film went viral recently on the social media where Hrithik is seen with veteran actor Virendra Saxena. Here  Hrithik is almost clean shaved and now he is shooting for the phase when the hero does not become a  famous lecturer. Anand conducts a special programme which is called Super30 and it helps the talented students of underprivileged families to come out with flying colors in difficult exams like the IIT entrance examination. Soon the programme becomes very popular and  Anand becomes famous not only in his country but also abroad. He begins to receive calls from the universities across the globe those invite him to deliver the lecture in their universities. The director is very impressed with the power-packed performance of the superstar and said  Hrithik...

Precious Gold hits 2018 low as trade comments lift stocks, dollar

London (New Service) - Monday embarked with a new low 2018 as the U.S. Treasury Secretary Steven Mnuchin proclaimed the dawn of a trade war between China and the United States was “on hold” thus stirring a incite among stocks and dollar. As per analysts, the Buoyancy in U.S. Treasury relents has been proven to be a high relish for non-interest holding assets. Ever since December gold has witnessed the biggest fall at $1,281.76 an ounce, and by 0935 GMT was down 0.5 percent at $1,284.70 an ounce. The gold that is to be remitted into the United States in June was 0.6 percent lower at $1,283.8. Jonathan Butler the Mitsubishi analyst said that “The dollar’s riding high, and the 10-year yield has broken above 3.05 percent for the first time since 2011,” “This is taking place at a time when we’re very close to all-time highs in the U.S. equity markets, and all of this positive news about jobs, about productivity, is feeding into a move towards risky assets.” – he added later on. Last week Gold prices contracted...

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Delhi to be soon hit by a Thunderstorm- IMD issues fresh thunderstorm warning in Delhi- NCR

The MET department has issued a weather warning that forewarns of squall, dust-storm, and thunderstorm at various regions of the country including Delhi. “Heatwave conditions very likely over some parts of West Rajasthan and in one or two pockets of East Rajasthan. Heavy rain at isolated places over Nagaland, Manipur, Mizoram, Tripura, Kerala, and Lakshadweep,”- said the advisory. As per the report of the meteorological department is a thunderstorm, followed by a squall is likely to hit secluded places over Odisha and West Bengal today. The advisory added that the odds were one for the gusty winds to hit Assam, Meghalaya, Nagaland, Manipur, Mizoram, Tripura, sub-Himalayan West Bengal, Sikkim, Jharkhand, Bihar, eastern Uttar Pradesh, Haryana, Chandigarh, Delhi, Punjab, Himachal Pradesh, Jammu and Kashmir, coastal Andhra Pradesh, interior Karnataka, Tamil Nadu, Kerala and Lakshadweep.

Bengal Holds Panchayat Polls- 6 Killed in Bombing and Shooting

The villagers caught nine men who were stamping ballot papers in a booth, In Bagda of North 24 Parganas district. The Bodo Khotimali in Cooch district reported a complete polling at 8 a.m. Violence during the West Bengal panchayat election killed six people. The election is being conducted on Monday after weeks of fickleness even as booth abducts and collisions took place in many parts of the state. Taibur Gayen, a youth was killed and two others were severely injured after the brutal crude bombs were impelled at them apparently by the supporters of the ruling party at Amdanga in North 24 Parganas district. However, the MLA Tanmay Bhattacharya asserted that Gayen was their party supporter. Sanjit Pramanik a 27-year-old citizen, died from the effect of bullet wounds on his chest and abdomen in Santipur of Nadia district. Ariful Gazi a Trinamool Congress Supporter was shot dead on the way to the booth in Kultali of South 24 Parganas. Tapan Mondal, a BJP worker was succumbed to death after being hit by a bomb in Beldanga of Murshidabad. He was hurdling towards the booth in order to cast his vote. Trinamool supporters were too vile as they burnt the couple Debu Das...

Illegal Building Demolished By BMC – 72 Families Homeless in Mumbai

It turned out to be a Black Sunday when 72 families were forced to become homeless after the demolition of Rahat Manzil in Byculla. The building was broken down following a 5 yr legal case going on between the builders and the BMC. In March, it was labeled as an illegal property by the Bombay High Court and all the residents were asked to evacuate it. However, with this hope that the court and BMC will show some leniency in the matter and political help from local politicians, the 72 families continued to live in their homes. Around 6 years ago, all the families had purchased flats that ranged between Rs 15 lakh to Rs 35 lakh in the ground plus- six storey Rahat Manzil. Most of them purchased flats that were 1 BHK and blocks with one room kitchen, with areas between 260 to 350 square feet. It was only after 1 year of acquiring their properties, the residents came to know that all of them have been duped by illegal constructors, following BMC’s issued notices on illegal construction. The controversial building was constructed on a plot of 500 square meters, similar to many other structures present over the...

This is What To Expect From The New Satellite Terminal at Chennai Airport By 2025

Estimated to be completed within 2025, the design plans for the new terminal at Chennai airport is quite breathtaking. As per the suggested design and technology, it will allow the domestic passenger to walk through a giant glass and steel integrated terminal, followed by traveling through a long tunnel of 1.6 km by a shuttle bus. This tunnel will be built right underneath the main taxiways and runway, which will further take the passenger to a satellite terminal which will face towards the two runways situated at the airport campus western end. Also, the boarding calls will reach out to him in form of flash messages on the passenger’s mobile phone. Hence, the waiting phase will not be so tiresome and there will be lots of option to enjoy the complete runway with a bird’s eye view. There will be set up which will enable the flights to land and take off from the main and the second runways simultaneously. Based on the present studies, AAI (Airports Authority of India) is considering to locate this new satellite terminal within the space between the main and second runway. Once the project is commissioned practically, Chennai airport will become India’s only airport...

Yedurappa Confident To Prove Majority After Taking Charge As The Chief Minister Of Karnataka

Bengaluru, May 18- Veteran BJP leader B S Yeddyurappa yesterday sworn in as the 2 3rd Chief Minister of Karnataka at the Raj Bhawan premises of Bengaluru. There was a very chaotic atmosphere outside the house because the leaders of the Congress and the Janata Dal (Secular)  was shouting slogans against the newly elected Chief Minister as initially, it was uncertain that whether the BJP would form the government or the alliance of the opposition parties would come into power in the state. Hence the opposition party leaders appealed to the Supreme Court for a stay order in the ceremony.  Yeddyurappa took charge of the state for the third time on Thursday. Before that he became the Chief Minister for just only a week in2007 when the government of BJP and Janata Dal( Secular) was in power. His government fell down after an altercation with alliance partner Janata Dal (Secular) on the issue of sharing of ministries. Next year he again came into power but his tenure lasted only for 39  months. He had to step down due to charges of corruption. Yeddyurappa 75, took oath as the Chief Minister of Karnataka wearing a green shawl which is the symbol...

KTR’s Tweet Inspired Hyderabad Boy To Donate Rs 50K To CMRF

A recent tweet posted by KT Rama Rao, IT Minister, has inspired Sai Vishruth Devireddy to donate his pocket money of Rs. 50,000 to the CM’s Relief Fund (CMRF) on Tuesday morning. Vishruth, the Class X boy from Hyderabad, used to save the pocket money given to him by his mother and was planning to purchase a mobile phone with it. However, after reading a recent tweet with handle @KTRTRS on 23rd April night, the boy changed his mind and decided to donate it to a noble cause.   The IT minister has mentioned in his twitter handle that above 1.2 lakh families has been provided assistance during emergency situations through CMRF so far. Also, a huge amount of Rs 800 Crore has been invested for this purpose during the last 46 months. He had urged in his tweet that those who want to contribute to the Chief Minister’s Relief Fund, can do so by writing their cheques and send it to CMRF, Telangana state. As Devireddy learned that more than 1 lakh families have been benefited from the relief fund, he decided to keep aside his mobile phone plans and contribute towards helping people. After handing over the cheque...

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140/8 (19.1)
139/7 (20)
Chennai won by 2 wkts
Indian Premier League, 2018
Chennai won by 2 wkts
Man of the Match: Faf du Plessis
Indian Premier League, 2018
SUS won by 75 runs
Royal London One-Day Cup, 2018

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