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India's high-flying graphite electrode firms face curbs

Indian manufacturers of graphite electrodes used in electric arc furnaces are booming on the back of China's pollution crackdown, but soaring prices have set the companies on a collision course with government and steelmakers.

CBI closes PNB branch at heart of fraud

The Central Bureau of Investigation (CBI) closed down a branch of Punjab National Bank (PNB) that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country's banking history, police sources said on Monday.

Sensex slumps as banks still reel under PNB fallout

REUTERS - Indian shares declined for a second straight session on Monday as state-run lenders fell further amid continued worries about the fallout from a $1.77 billion fraud reported by Punjab National Bank last week.