PNB

CBI charges former PNB head, 21 others in bank fraud case

PNB, India's second-largest state-run bank, had revealed earlier this year that two jewellery groups had defrauded it by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff over several years. May 15, 2018
flipkart

Walmart may launch IPO for Flipkart in as early as 4 years

Walmart announced earlier this week that it will pay $16 billion for a roughly 77 percent stake in Flipkart in what is the US retail giant's largest-ever deal and a move to take on arch-rival Amazon.com Inc in a key growth market. May 13, 2018