Want People to Remember Your Ads? Be Funny, Clutch Says

If you want people to remember the ads you've invested heavily in, data shows that humor has the biggest impact because funny ads are more memorable. More facts after the jump. Read more »

PNB will honour bonafide commitments under LoUs, FLC: Sunil Mehta

Last week, PNB’s managing director Sunil Mehta, in his first press conference after the scam broke out, had said that PNB will resolve the issue. Read more »

Niravgate: PNB can’t sell housing finance stake just yet

“PNB cannot sell the entire stake in the listed mortgage company because of the lock-in until November 7, 2019,” said a source aware of the... Read more »

Getting short foreign credit can be difficult in aftermath of PNB fraud

The alleged $1.8-billion fraud has triggered a spell of self-introspection among local lenders. They are raising cost of overseas trade financing instruments. Read more »

Fraud undetected as non-fund based deals not linked to swift

“In PNB’s case, the CBS was not aligned to Swift for some transactions because of connivance among a few employees,” said a banker privy with... Read more »

PNB scam: Is RBI going back on its rules on letters of credits?

PNB had reported fraud to the tune of Rs 11,400 cr after two junior employees issued unauthorised LoUs. Lenders have now decided to seek RBI intervention to resolve the dispute. Read more »

EESL explores gas tech to cut power costs

Since only a handful of players deal in vapour absorption machines and gas engines, it could involve names such as General Electric, Caterpillar and Kirloskar. Read more »

41% of Entrepreneurs Will Leave Their Small Business Behind in 5 Years

The economic upturn has a lot of small business owners contemplating walking away from their business because they believe they'll get a good price if they sell. Get more business ownership statistics... Read more »

Jet Airways to withdraw Port Blair, Bagdogra flights from Kolkata

Flight services on the two routes to be stopped from March 25 onwards; Profitability recognised as the key reason behind the move. Read more »

Reliance Industries Ltd plans Rs 60,000 crore digitial industrial area in Maharashtra

He did not offer more details like the location of the proposed mega investment or when the first phase will begin.The summit is being inaugurated by Prime Minister Narendra Modi. Read more »