PUNJAB NATIONAL BANK Q2 RESULTS
Extradition battle: Why India is detailing Mehul Choksi’s meals, medical care and barrack space to Belgium
India has provided Belgium with detailed assurances regarding the housing and treatment of fugitive businessman Mehul Choksi if he is extradited. These guarantees, focusing on detention standards and human rights, aim to address concerns and facilitate his return to face trial in the ₹13,000-crore Punjab National Bank fraud case.
Interest rate up to 8.2% for senior citizens: SCSS vs bank FDs, which is offering a higher interest rate?
With falling FD interest rates, senior citizens are seeking better investment options. The Senior Citizen Savings Scheme (SCSS), a government-backed scheme, offers a higher interest rate of 8.2% compared to many leading bank FDs. SCSS has a five-year term, tax benefits under Section 80C, and a maximum investment limit of Rs 30 lakh, making it an attractive alternative.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
AAP leader Manish Sisodia says Punjab govt to allow farmers to clear sand from flood-hit fields
Following devastating floods in Punjab, the AAP government plans to allow farmers to remove sand deposits from their inundated fields to facilitate the sowing of the Rabi crop. This decision aims to address farmers' concerns about sand accumulation hindering future cultivation. While 40 villages are affected and relief operations are underway, the policy announcement awaits Chief Minister Bhagwant Mann's return.
Govt promises humane jail stay for Mehul Choksi if extradited
The Indian government has assured Belgium that Mehul Choksi, accused in the PNB fraud, will be held in humane conditions at Mumbai's Arthur Road Jail if extradited. His cell will be separate from the main prison, equipped with amenities and recreational options like badminton and yoga.
Banks' lending to brokers surged on rising market activity
Institutional lending to stockbrokers witnessed a significant surge of 28% in FY25, fueled by increased trading activity and greater investor participation in the equities market. Punjab National Bank experienced the most substantial growth, while ICICI Bank remained the leading lender. Conversely, State Bank of India reduced its exposure to this sector during the same period.
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Punjab floods: 2 more deaths take toll to 48; schools, colleges to reopen from September 8
Punjab is reeling from severe floods that have claimed 48 lives. Crops across 1.76 lakh hectares are damaged. Schools and colleges will reopen on September 8. Farmers can extract sand from their fields. Relief operations are underway by various agencies.
PM Modi to visit flood-affected Punjab's Gurdaspur on September 9
Narendra Modi, the Prime Minister, plans to visit Gurdaspur in Punjab on September 9. He aims to assess flood damage and meet affected people. The BJP government pledges full support to Punjab. Agriculture Minister Shivraj Singh Chauhan already evaluated the situation. Central teams will submit damage reports soon. The government stands with Punjab during this difficult time.
Punjab floods: Death toll rises to 46, crop on 1.75 lakh hectares damaged
Devastating floods in Punjab have claimed 46 lives and damaged crops across 1.75 lakh hectares, prompting extensive relief efforts from various agencies. The state grapples with overflowing rivers and heavy rainfall, impacting nearly 2,000 villages and displacing thousands. Political tensions rise as the state government seeks central assistance amidst accusations of discrimination and insufficient support.
PNB signs Rs 21,000 cr MoU with Rajasthan govt under Rising Rajasthan initiative
Punjab National Bank (PNB) has committed Rs 21,000 crore to Rajasthan's Rising Rajasthan initiative, aiming to boost socio-economic progress through its extensive network and digital resources. During a visit to Jaipur, PNB's MD & CEO, Ashok Chandra, distributed 2,000 loan sanction letters to women entrepreneurs and emphasized digital adoption, financial inclusion, and fraud prevention.
Maine in crisis as deadliest disease in the world spreads among residents
The Maine CDC has confirmed three unrelated cases of active tuberculosis (TB) in the Greater Portland area, urging residents to be aware of symptoms like a persistent cough lasting more than three weeks. Despite Maine reporting 28 TB cases this year, health officials stress the public’s risk remains low. TB spreads only through “close, prolonged contact,” and can be treated with antibiotics or prevented by the BCG vaccine.
Punjab CM Bhagwant Mann showing improvement, under observation: Fortis Hospital
Bhagwant Mann, Punjab's Chief Minister, is recovering at Fortis Hospital Mohali. He was admitted after complaining of exhaustion and a low heart rate. Hospital officials report his vital signs are stable. Several AAP leaders, including Manish Sisodia, visited him. Sisodia mentioned Mann had an electrolyte imbalance. The cabinet meeting was postponed due to Mann's illness.
Kalyan Kumar set to lead Union Bank as Lalit Tyagi may join Central Bank amid reshuffle
Kalyan Kumar is expected to lead Union Bank of India. Lalit Tyagi is likely to transfer to Central Bank of India. Asheesh Pandey is dropped from consideration for a top post. The Financial Services Institutions Bureau had recommended Pandey. Reserve Bank of India had previously raised concerns about Pandey. Union Bank has been without a head since June.
TikTok influencer Esmeralda FG and family found dead in Guadalajara
TikTok star Esmeralda FG and her family were found dead in Guadalajara, Mexico. The family included her husband and two children. Authorities said the violence seemed aimed at her husband. Their bodies were discovered wrapped in plastic at a mechanic’s shop. Investigators from Jalisco and federal agencies are working together to find the killers and collect evidence from the crime scene.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
Ola Electric shares decline 4% as SoftBank trims stake to 15.68% in 2 months
SoftBank reduced its stake in Ola Electric, joining other investors like Tiger Global and Hyundai in trimming holdings. Despite this, Ola Electric secured PLI scheme certification, potentially easing financial pressures. The company reported lower revenue and increased losses in Q1, attributed to heightened competition and weaker demand, with shares closing down 6.3%.
US stock market: Dow Jones falls, S&P 500, Nasdaq gain. Check top performing stocks
Google parent Alphabet and Apple made big gains as S&P 500, Dow Jones, Nasdaq look ahead to key US jobs data later in the week.
September 2025 U.S. holidays: Federal days off, key observances, and quirky celebrations ahead
September 2025 is more than just the back-to-school month — it brings one federal holiday, a handful of solemn national observances, and dozens of quirky “national days” that shape everything from family plans to retail sales. Here’s what stands out this September and what it means for the rest of 2025.
'Not all heroes wear capes…some just quit jobs': Why a 29-year-old PNB banker walked away without a plan B
Vani, a 29-year-old former Punjab National Bank officer, has gone viral after publicly resigning from her job without a backup plan. In her video, she described how the role left her mentally drained, unhappy and disconnected from herself despite the financial security it provided. She admitted quitting was a privilege not everyone could afford but said peace mattered more than pay. Her decision has divided opinion, with many applauding her courage while others question whether leaving without security is sustainable.
Donald Trump's latest headache Mexico's first female president Claudia Sheinbaum celebrates one year at office with high approval ratings
Mexico president Claudia Sheinbaum took office in October and has led the Latin American nation of 131 million at a time of radical global shifts. Sheinbaum has enjoyed soaring approval rates between 70% and 80% in Mexican polls.
PNB, Bank of India reduce lending rates in September 2025: Check revised MCLR rates here
Punjab National Bank and Bank of India have revised their MCLR, effective September 1, 2025. PNB reduced rates by up to 15 bps across tenures, while BoI lowered rates by 5-15 bps, except for the overnight tenure. These revisions may bring relief to borrowers with loans linked to MCLR, potentially lowering EMIs.
Canada Q2 growth shrinks for first time in 2 years as U.S. tariffs bite — is a recession ahead or can household spending bring relief?
Canada economy shrinks in Q2 2025 as U.S. tariffs hit exports harder than expected, pushing GDP down 0.4%. While auto and machinery exports tumbled, Canadians kept spending more on housing, food, and new vehicles, showing the domestic economy is still holding firm.
22 dead as floods wreak havoc in Pakistan's Punjab; Lahore inundated after almost 40 yrs
Severe floods hit Punjab province in Pakistan. Lahore faces inundation after 38 years. Twenty-two people died in the last 24 hours. Over 1,700 villages are underwater. Excess water released from India worsened the situation. The army has been called in for rescue operations. One million people have been evacuated. Sikh religious sites will be restored.
RBL Bank shares rise 3% after Societe Generale acquires shares worth Rs 79 crore via bulk deal
RBI Bank share price: French lender Societe Generale executed a bulk deal in RBL Bank, purchasing over 31 lakh shares worth Rs 79 crore at an average price of Rs 250.57, while simultaneously offloading 1.29 lakh shares in another trade.
Property prices rise in 45 of 50 cities in Q1 of FY26: NHB report
NHB data reveals that property prices in 45 out of 50 cities increased in the first quarter of 2025-26, with the 50-city Housing Price Index rising by 5.7%. Bengaluru saw the highest appreciation at 9.1%, while Howrah experienced the maximum decline at 6.1%. Home loan interest rates also moderated by 100 basis points in February 2025.
Explained: Nvidia Q2 results beat estimates. So why did the stock fall?
Nvidia earnings report: Nvidia topped Q2 estimates with record $46.7 billion revenue and a 59% profit jump, but shares fell as softer data center sales and cautious guidance sparked doubts about the AI rally’s durability.
Rate cuts by RBI ease corporate debt burden, sectoral gains uneven: BoB Report
The Reserve Bank of India's interest rate cuts have lowered borrowing costs, boosting debt serviceability for companies, though benefits are uneven. A Bank of Baroda report indicates that while overall sales and profit growth have occurred, the crude oil and BFSI sectors significantly influence these trends.
Banks seek to put Q1 disappointment behind, eye big turnaround
For Indian banking, the focus will now be on adjusting to the new interest rate environment and leveraging the anticipated increase in liquidity to improve their financial performance in the coming months. While the initial quarter has presented challenges, the outlook for a rebound in net interest margins could signal a turning point for the industry.
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