Share price of state-run lender Punjab National Bank (PNB) slumped 13.6 per cent on Thursday after the company reported 66 per cent drop in its fourth-quarter profit. Trading in PNB shares started sharply lower at Rs 31.70 against its previous day's close at Rs 33.10 at the BSE. PNB share was trading 13.44 per cent down at Rs 28.65 at 3.19 pm. Earlier, the scrip tumbled to a low of Rs 28.50 in the intra-day. The bank's share slumped after it announced disappointing financial numbers for the fourth quarter of 2021-22. PNB on Wednesday reported a standalone net profit of Rs 202 crore for January

The Lucknow Bench of Allahabad High Court on Thursday rejected the plea seeking to open 22 closed rooms in the Taj Mahal to ascertain the presence of the idols of Hindu deities. The hearing seeking an investigation over 22 rooms of the Taj Mahal concluded on Thursday. The plea was filed by Rajneesh Singh, a BJP youth media in-charge, before the Lucknow Bench of Allahabad High Court that sought the directions to the Archaeological Survey of India to probe the 22 closed doors in the Taj Mahal to ascertain the presence of the idols of Hindu deities. The plea sought the constitution of a fact-fi

Former Army Chief General Manoj Mukund Naravane, who has spent the majority of his more than 42 years of service with the Sikh troops of his battalion, on Wednesday paid obeisance to the Guru Granth Sahib at the Golden Temple in his first visit post-retirement visit. Gen Naravane retired on April 30 and has shifted to his newly-allotted accommodation in Delhi Cantonment since that day. "A Sikh Light Infantry officer having served for over 42 years in a Sikh Light Infantry battalion, former Army Chief Gen Manoj Mukund Naravane in his first visit outside Delhi post-retirement visited the Golden

Punjab Chief Minister Bhagwant Mann on Tuesday sought a report from the Director-General of Police (DGP) and intelligence officers over the last night's explosion in Mohali, stating that strict punishment will be given to the culprits. He held a meeting with DGP and other officers into the matter at his residence and sought a report on the course of action taken so far. "Those who are trying to ruin Punjab's atmosphere won't be spared. I sought a report from DGP and other intelligence officers. Strict punishment will be given. Things will be more clear by evening. Probe on," said the Punjab C

The Indian rupee hit a record low of 77.58 against the US dollar on Monday amid unabated outflow of foreign funds after the Federal Reserve hiked policy interest rates last week. At the interbank foreign exchange market, the rupee settled at 77.50 against the US dollar, down 60 paise from its previous close of 76.90 hit on Friday. Earlier, the rupee opened sharply lower at 77.17 against the dollar and hit a record low of 77.58 in the intra-day. The Indian currency hit a new intra-day as well as the closing low. The previous record closing low of the Indian currency was 76.98 against a dollar h

Amid the sloganeering outside Delhi's Janakpuri Police Station condemning BJP leader Tajinder Bagga's arrest by the Punjab Police, Mohali DSP KS Sandhu clarified that the BJP leader was apprehended 'as per the procedure'. "Punjab Police followed the procedure in taking Tajinder Pal Singh Bagga into custody and that the case remains pending in the court..." KS Sandhu, DSP(D), Mohali. Bagga was arrested from his Delhi house on Friday morning by the Punjab Police, based on a complaint registered with its cyber cell. The BJP leader allegedly threatened Delhi Chief Minister Arvind Kejriwal in a twe

The Directorate General of Civil Aviation (DGCA) on Friday warned all airlines that are denying boarding to passengers with confirmed tickets on a flight will be viewed seriously and strict action will be initiated against the erring airline, including imposing financial penalties as per regulations. It also issued notice to the airlines after receiving several cases of denial of boarding to passengers with a confirmed ticket and warned them to comply with the provisions of the civil aviation regulations (CAR) in such cases. "It has come to the notice of this office that various airlines are d

With an increase in the number of students in government schools, the Punjab Education Department has decided to run the government schools in the state in double shifts. As per the orders released by the education department, the decision has been taken due to the lack of space and infrastructure in schools. Due to the increase in the number of students, many were seeking double shifts in schools following which the orders were released, said the letter issued. In summer the first shift will start at 7 am and conclude at 12 noon. While the evening shift will be from 12:30 pm to 5:30 pm. Simil

The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4. RBI Governor Shaktikanta Das said the decision was taken in view of rising inflation, geo-political tensions, high crude oil prices and shortage of commodities globally, which have impacted Indian economy. The RBI cautioned that the economy faces global spillovers risks from geopolitical tensions,