News digest: PNB fraud, H1B visa policy, BS annual awards 2017, and more

Business Standard annual awards 2017: High-powered jury selects best seven With a market value of Rs 2.63 trillion, Maruti Suzuki India is driving the competition up the wall. A successful transition from small cars to sedans, premium hatchbacks, and utility vehicles has made sure that the competition remains a pygmy.

One of India’s biggest success stories of foreign direct investment, the Suzuki-owned company has changed the way Indians commute. Maruti’s hard work has also been recognised by the stock market, as it has become the seventh-most valuable listed company in the country. Read More... PNB scam: Govt moves NCLT to freeze assets of Nirav Modi, Choksi firms The Ministry of Corporate Affairs (MCA) on Friday filed a petition against Gitanjali Gems, a listed firm promoted by Mehul Choksi, and other companies belonging to both Choksi and Nirav Modi in the National Company Law Tribunal (NCLT), Mumbai. Read More... PNB scam: Won't tolerate irregularities in financial sector, says PM Modi Prime Minister Narendra Modi on Friday told financial players, auditors, and regulators to perform their duties diligently, warning that the government would not tolerate irregularities in the sensitive sector. Read More... Rs 114-bn scam: PNB says will not appoint PwC India as forensic auditor Punjab National Bank (PNB) said it would not appoint PwC India to conduct a forensic audit into the Rs 114 billion scam, though the latter was the lowest bidder. Read More... New H1B visa policy to hit third-party supplier base of Indian IT firms ( ) A new policy announced by US President Donald Trump’s administration is expected to hit the third-party supplier base of Indian information technology (IT) companies in the US. Read More...