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Key Indian equity indices open higher

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Mumbai: The key Indian equity indices on Monday opened higher following positive global cues. The 30-scrip Sensitive Index (Sensex) was trading 69.58 points or 0.25 per cent higher soon after opening. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 15.80 points or 0.18 per cent higher at 8,809.35 points. The Sensex of the BSE, which opened at 28,450.42 points, was trading at 28,403.83 points (at 9.20 a.m.), higher 69.58 points or 0.25 per cent from the previous day’s close at 28,334.25 points. The Sensex touched a high of 28,458.80 points and a low of 28,399.49 points in the trade so far.

 

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CBI raids at 169 places across nation in bank fraud cases worth 7000 crore

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New Delhi: The CBI is conducting searches in 169 locations across the country in connection with 35 bank fraud cases, which were registered by it and involve funds of over Rs 7,000 crore, officials said on Tuesday.

The searches are going on in Delhi, Gurgaon, Chandigarh, Ludhiana, Dehradun, Noida, Baramati, Mumbai, Thane, Silvassa, Kalyan, Amritsar, Faridabad, Bengaluru, Tirupur, Chennai, Madurai, Quilon, Cochin, Bhavnagar, Surat, Ahmedabad, Kanpur, Ghaziabad, Bhopal, Varanasi, Chandauli, Bhatinda, Gurdaspur, Morena, Kolkata, Patna, Krishna and Hyderabad, they said. The agency refused to give further details as the search operations are still going on, they said.

Among the alleged frauds being probed by the agency are SEL Manufacturing in Bank of Maharashtra worth Rs 113.55 crore, Advance Surfactants in SBI worth Rs 118.49 crore, Eskay Knit worth Rs 42.16 crore in Dena Bank (now Bank of Baroda), Krishna Knitwear Technology worth over Rs 27 crore in Canara Bank, they said.

The cases pertain to State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra, Bank of India, and Punjab and Sind Bank, they said.

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