Latest Financial Loss News & Updates

Mumbai, June 21 (IANS) The CBI conducted searches at multiple premises linked to the partners of a Mumbai-based firm over a loan fraud that caused a loss of Rs 62.42 crore to Indian Bank, an official said on Sunday. The searches were conducted in Mumbai and other locations pursuant to search warrants issued by the Special CBI Court here, said the federal probe agency.During the searches, incriminating documents relevant to the investigation were recovered and seized, the Central Bureau of Invest…

New Delhi, May 27 (IANS) Air India has reduced the number of flights on some domestic routes between June and August as the loss-making airline struggles to cut costs amid soaring fuel prices triggered by the Middle East conflict, a statement said on Wednesday.The Tata Group-owned airline said in the statement that the move follows its earlier decision to scale back certain international services.”In continuation of our previously announced adjustments to select international services between Ju…