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Fraud-Hit Punjab National Bank Reports Huge Loss Of Rs. 13,417 Crore In Q4

May 15, 2018 strong

Punjab National Bank (PNB) reported on Tuesday a $1.98 billion fourth-quarter net loss, the worst ever by an Indian lender, after being hit by a massive fraud. The loss for the three months to March 31 came in at Rs. 13,417 crore compared with a net profit of Rs. 262 crore a year ago, the fourth-biggest Indian lender by assets said in a statement. Shares in PNB fell 6 per cent after the results. For the March quarter, the bank saw its total provisions more than triple from a year earlier to Rs. 20,353 crore. Of…

NEWS CATEGORIES SPORTS

Mark Waugh steps down as Australian selector

May 15, 2018 strong

Sydney, May 15 (DIN NEWS) Australian cricket great Mark Waugh today quit as a national selector to take up a television commentary role as broadcasters jockey for top talent after a new rights deal was agreed. Waugh will not renew his contract when it expires on August 31 but will remain on the panel for the upcoming Australian tours of England and Zimbabwe. “Working alongside my fellow selectors, the coaching staff and players over the past four years has been a privilege, and I’m proud of the achievements of the Australian…

NEWS CATEGORIES SPORTS

With play-off hopes hanging by a thread, MI take on KXIP

May 15, 2018 strong

Mumbai, May 15 (DIN NEWS) Hosts Mumbai Indians will fancy beating a floundering Kings XI Punjab when both sides face-off in a must-win match in the Indian Premier League here tomorrow. After a string of losses initially, Mumbai’s hopes of making it to the last four were revived after three straight wins, but their eight-wicket defeat against Rajasthan Royals on Sunday has again put them on the back foot. While Mumbai are in sixth position with five wins from 12 games, a stuttering KXIP have slumped to the fifth spot with…

ENTERTAINMENT NEWS CATEGORIES

Margot Kidder, ‘Superman’ star, dead at 69

May 15, 2018 strong

London, May 15 (DIN NEWS) Veteran actor Margot Kidder, best known for playing Lois Lane in 1978 film “Superman,” has died. She was 69. The actor died peacefully in her sleep at her home in Montana, the Guardian reported. Funeral arrangements are pending, according to Franzen-Davis Funeral Home and Crematory in Livingston, Montana. Kidder began acting in the late 1960s, but rose to fame in 1978 for her role as Lois Lane in “Superman: The Movie” opposite Christopher Reeve. She went on to reprise the part in the movie’s three sequels.…

ENTERTAINMENT NEWS CATEGORIES

Priyanka Chopra’s next Marathi production titled ‘Paani’

May 15, 2018 strong

Mumbai, May 15 (DIN NEWS) Priyanka Chopra today announced her fourth production venture in Marathi language, titled “Paani”. The 35-year-old actor, who is backing the film under her production banner Purple Pebble Pictures, took to Twitter to share the news. The film, to be directed Adinath Kothare, is based on a “true story” and explores the contemporary water crisis. “This is what I had envisioned when starting @PurplePebblePic… A platform for good stories and new talent. #Paani is special because it’s based on a true story and deals with a very…

LEGAL NEWS NEWS CATEGORIES

U’khand HC quashes notifications on delimitation

May 15, 2018 strong

Nainital, May 15 (DIN NEWS) In a setback to the state government, the Uttarakhand High Court has quashed all notifications regarding fresh delimitation of municipal bodies in the state to bring more areas under their purview. The single bench of Justice Sudhansu Dhulia declared the notifications issued by the state government regarding delimitation of municipal bodies as “unconstitutional” and said they were not executed through the governor. The Uttarakhand government had expanded the limits of municipal bodies in November last year through the state Urban Development Department to bring a large…

LEGAL NEWS NEWS CATEGORIES

SC holds Sidhu guilty in road rage case, spares him jail term

May 15, 2018 strong

New Delhi, May 15 (DIN NEWS) The Supreme Court today convicted Punjab Tourism Minister Navjot Singh Sidhu for voluntarily causing hurt to a 65-year-old man but spared him a jail term in the 1988 road rage case. A bench of Justices J Chelameswar and Sanjay Kishan Kaul said Sidhu is guilty of Section 323 (voluntarily causing hurt) of the Indian Penal Code (IPC) and is fined Rs 1,000 for the offence. “A1 (Sidhu) is guilty of Section 323 of IPC. Awarded no sentence but fine of Rs 1,000 for the offence.…

NEWS CATEGORIES WORLD NEWS

India for rule-based approach in the Indo-Pacific: Sarna

May 15, 2018 strong

Washington, May 15 (DIN NEWS) The Indo-Pacific is of huge importance to India and the world as the fulcrum of economic and political activity is moving from the Atlantic to this region, India’s envoy to the US has said and called for a rule-based approach to reap benefits for all. Indian Ambassador to the US Navtej Singh Sarna said the entire blue economy was virtually untouched in terms of exploration and development. “It (Indo-Pacific region) has a huge importance, not only in India but for the world because as you see…

NEWS CATEGORIES WORLD NEWS

Gaza toll rises to 59 with more protests against Israel planned

May 15, 2018 strong

Gaza City, May 15 (DIN NEWS) Fresh protests were expected today a day after Israeli forces killed 59 Palestinians during clashes and protests along the Gaza border against the US embassy opening in Jerusalem in the conflict’s bloodiest day in years. Palestinians today mark the Nakba, or “catastrophe,” commemorating the more than 700,000 Palestinians who fled or were expelled in the 1948 war surrounding Israel’s creation. It comes a day after the United States transferred its Israel embassy from Tel Aviv to the disputed city of Jerusalem in a move that…

NATIONAL NEWS NEWS CATEGORIES

Regional parties’ role can’t be undermined in politics: Goa

May 15, 2018 strong

Panaji, May 15 (DIN NEWS) The junior alliance partners in the BJP-led Goa government today said the importance of regional parties cannot be undermined in politics. The remarks came two days after BJP chief Amit Shah said his party aimed to win in at least 35 out of the total 40 seats in the next Goa elections. The Manohar Parrikar-led state government, which came to power after the elections in March last year, is currently supported by the Maharashtrawadi Gomantak Party (MGP), the Goa Forward Party (GFP), and three Independents. The…