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Allahabad Bank Reports Rs 689-Crore Fraud

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Allahabad Bank on Wednesday reported a Rs 689 crore ($100.1 million) fraud related to textile company SEL Manufacturing to the Reserve Bank of India.The fraud is already being heard by the country's company law tribunal, the bank said in a statement, adding that it has made provisions for the bad loan.Earlier this month, Allahabad Bank had flagged a $259 million fraud by bankrupt steelmaker Bhushan Power - Steel Ltd.State-run Punjab National Bank Ltd and Punjab - Sind Bank Ltd have also reported similar frauds amounting to more than Rs 4,000 crore by the steelmaker.($1 = Rs 68.82)Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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Gold price dips ?10 to ?98,720, silver price down ?100, trades at ?1,09,900

OPEC+ might boost oil production faster than anticipated, weighs August hike

Cochin Shipyard signs MoU with HD KSOE, South Korea

Hindustan Zinc effectively bids for composite license for Nawatola-Laband REE Block

Mahindra Lifespace Developers launches brand-new tower at Mahindra Citadel in Pune

Delivering Corporation to induct 2 pre-owned Very Large Gas Carriers

Crizac's ₹₹ 860 crore IPO subscribed 59.82 times on final bidding day

Financing ministry extends NPS tax benefits to new Unified Pension Scheme

Bank of Maharashtra's total deposits climb 14% YoY to Rs 3.05 lakh crore in Q1

Nifty seen moving rangebound in the middle of sector rotation; careful optimism recommended

India's Copper need seen expanding six-fold by 2047

Beyond Jane Street, global trading firms vie for India's financially rewarding derivatives market: Report

INR gains further ground at around 1-month high

Jane Street clampdown raises big questions for Sebi: Can the regulator stop another derivatives fraud

Benchmarks rebound after two-day slide; Nifty closes above 25,450

Clever July futures trade at premium

'Marking the close' discussed in 5 points: Trick inside Jane Street's alleged adjustment playbook

Japanese markets end flat

Asian stocks end mixed, China's benchmark end 0.32% higher

Concurrent Gainers: 10 stocks that gained for 5 days in a row - Concurrent Gainers

Lupin launches Ipratropium Bromide Nasal Solution in US market

GPT Infraprojects bags supply contract from Bangladesh-based Standard Engineers

Clever settles above 25,450; Sensex gets 193 pts; oil gas shares rally

Jane Street's Rs 4 crore IIT talent hunt came before Sebi's Rs 36,500 crore control bombshell

Quick Wrap: Nifty Realty Index rises 0.91%

Warren Buffett's 7 point playbook for mutual fund financiers

Rupee gains for second straight week; ends day lower at 85.39/$

Lupin launches generic variation of anticholinergic medication Ipratropium bromide in United States

Sebi action on Jane Street highlights 3 elements of market: Uday Kotak

Travel Food Services IPO: Company raises Rs 599 crores from 33 anchor investors

Jane Street vs Sebi: 10 things to understand about how the American hedge firm made Rs 36,500 crore earnings - 10 things about Jane Street

TCS, HCLTech among 10 stocks that have paid dividends over 40 times since 2011 - Payout Masters

How Jane Street targeted over 40 Nifty, Nifty Bank stocks in expiry-day trades

Stocks, dollar dip as Trump passes costs costs, trade deal deadline nears

European shares fall as banks, mining stocks losses weigh

Trent guides for downturn in Q1 revenues, stock slumps 11%

Restore investors raise deal for $880 million delisting

Wall Street Week Ahead: Investors eye tariff deadline as United States stocks rally

D-Street turns careful ahead of United States trade offer due date

Jane Street fallout: Derivatives trading volumes might be struck

Sebi bars international trading giant Jane Street for 'control'

[Business] - ET Market Watch: Markets up however jittery: What's startling investorsHi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Invite to a fresh episode of ET Market Watch-- where we bring you the latest news from the world

Dreamfolks sees Rs 11-cr stake sale by Bajaj Finance, others by means of block deal; shares tank 12%

Sebi may widen Jane Street probe to other indices, exchanges: Report

Tourism Finance Corporation board to meet on July 10 to consider stock split

Suzlon Energy gets 'no adverse observations' from NSE, BSE for merger with subsidiary

Stock Market Sectors: Stock market upgrade: Mining stocks down as market increases

52 week high stocks: Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Indices: Stock market update: Nifty Pharma index advances 0.81%

Stock Market Sectors: Stock market upgrade: Sugar stocks down as market increases

active stocks: Share market update: Most active stocks of the day in terms of traded value

Stocks Rallied: Sensex rises! These stocks rallied over 15% on BSE in today's trade

Jane Street Fallout: Zerodha's Nithin Kamath flags risk to brokers and stock exchanges

Stock Exchange Sectors: Stock market upgrade: Fertilisers stocks down as market increases

Can you rely on AI to manage your mutual funds: Bruce Keith on human vs AI dispute

share market: Share market update: Most active stocks in today's market in terms of volume

Indices: Stock market update: Nifty IT index advances 0.8%

52 week high stocks: Stock market upgrade: Stocks that hit 52-week lows on NSE in today's trade

Marico, L&T Finance amongst 7 little and midcap Nifty500 stocks to strike 52-week highs on Friday - Fresh Peaks

Stocks plunged news: Sensex rises! But these stocks fell 5% or more in Friday's session

VRL Logistics approves 1:1 bonus issue; check record date

Jane Street ran the biggest Nifty Bank options bets, SEBI states after Rs 4,840 crore freeze order

Sensex gains 193 pts, Nifty tops 25,450 amid volatile trade; financials, IT stocks lead

Stocks to Buy|Defensive yet diverse: Punita Kumar Sinha's portfolio playbook amid international risks - Global and Indian markets-- Current placing Punita Kumar Sinha in an interview to ET Now stated that the current United States House expense is an esse

HDFC Bank Q1 upgrade: Advances grow 7%, deposits increase 16% YoY

[Business] - Yes Bank shares slip after blended Q1FY26 functional update

Ola Electric shares recuperate almost 4% after 3-day decline

SEBI's quiet strike: How Jane Street's trades activated alarm bells - SEBI's interim order-- What happened Securities and Exchange Board of India, SEBI, has actually issued an order versus Jane Street. The allegation involves manipulation of index deriva

How Sebi's crackdown on Jane Street unfolded: A 15-month path of analysis and overlooked warnings

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Category: Business