Veteran actor Shammi dies at 89

Veteran actor Shammi, who acted in over 200 films and some popular television serials and was known for her impeccable comic timing, died today after a prolonged illness. She was 89. Born as Nargis Rabadi in a Parsi family, Shammi featured in many popular films, including Ustad Pedro, Bhai- Bahen, Dil Apna Aur Preet Parayi, Half Ticket, Jab Jab Phool Khile, Ittefaq, The Burning Train, Kudrat, Awara Baap, Swarg, Shirin Farhad Ki Toh Nikal Padi and others.

Bank stocks hammered yet again

Already reeling under relentless selling, bank stocks came under further pressure on Tuesday with top private lenders coming under the scanner of investigating agencies probing bank frauds.

Weighed down by bank stocks, benchmark indices BSE Sensex and NSE Nifty ended the day over 1 per cent lower to register their slide for the fifth consecutive day.

Nifty sectoral indices fare worse than benchmarks, only IT in green

Benchmark indices NSE Nifty and BSE Sensex have shed 9 per cent each from their January 29 peak level. But the year-to-date fall is only 2.3 per cent. The bigger revelation, however, is in sectoral indices, including Nifty PSU Bank, Nifty Auto, Nifty Pharma and Nifty Realty, which have lost in the range of 7-18 per cent during the period (see table). The worst hit is PSU Bank Index is no surprise. It has fallen by a steep 19 per cent since January.

Pvt banks under lens as SFIO summons Chanda, Shikha

The Serious Fraud Investigation Office (SFIO) on Tuesday summoned the country’s largest private lender ICICI Bank’s managing director and chief executive officer Chanda Kochhar and Axis Bank’s MD & CEO Shikha Sharma with regard to the investigation into over Rs 5,000 crore loan extended to Mehul Choksi’s Gitanjali Gems.

Axis Bank penalised for not complying with NPA norms

The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on Axis Bank for violation of non-performing asset (NPA) classification norms, and Rs 2 crore on Indian Overseas Bank (IOB) for not complying with the know your customer (KYC) regulations.

Mother of three

Actor Sunny Leone and husband Daniel Webber have embraced parenthood for the second time with the birth of their twin sons, through surrogacy. The couple, who adopted a baby girl last year, are now parents to  Asher and Noah. Breaking the news to the media, Leone said in a statement, “This is truly god’s plan! We didn’t know we were going to have a chance to have such a big beautiful family. We are beyond overjoyed and are truly blessed to have all three miracles in our life. Our family is complete. The Weber’s!! We chose to do surrogacy with a fertilised egg from Daniel and my genes.

Metal stocks tank; bond yields surge

Reacting to US president Donald Trump’s decision to impose tariff on steel and aluminium imports to the US, the metal index on BSE plunged 3.5 per cent on Monday, pulling down the benchmark Sensex.

The bellwether index plunged 281 points or 0.83 per cent and Nifty 102 points or 0.98 per cent. State-owned NMDC tanked over 6 per cent and Jindal Steel & Power 5.5 per cent. The other top losers were Hindalco Industries, JSW Steel, NALCO and Steel Authority of India, each shedding over 4 per cent.

Cleansing of PSU banks

The unearthing of Rs 11,400-crore fraud at Punjab National Bank, allegedly by billionaire jeweller Nirav Modi, coupled with swindling to the tune of Rs 3,695 crore by Rotomac promoter Vikram Kothari, has created a domino effect. Two more cases of deception by Kolkata-based R P Insosystems and Delhi-based jeweller Dwarka

Das Seth International have seriously dented the image of Modi government, which came to power on the plank of corruption-free governance.