Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
The White House mentioned that American companies are replacing US workers with H-1B workers.
United States Secretary of State Marco Rubio on Thursday (local time) hailed India as 'one of the top relationships that the US has in the world today' during the Senate confirmation hearing for Sergio Gor, US President Donald Trump's nominee for US Ambassador to India.
Chief Election Commissioner Gyanesh Kumar arrived in Bihar to review preparations for the upcoming assembly elections. The visit includes meetings with political parties, police, administrative officials, and state leaders to ensure smooth conduct of the polls. The visit follows the publication of the final electoral roll after a Special Intensive Revision, which has sparked controversy among political parties.
Rashtrapati Bhavan has introduced a new initiative, the E-Upahaar auction, to monetise valuable assets for a social cause, in alignment with a broader governmental policy, championed by Prime Minister Narendra Modi, of auctioning gifts received by dignitaries to fund welfare programmes.
Rubio voiced "appreciation" for New Delhi's continued engagement on bilateral issues, including trade, defence and energy.
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
An uneasy calm prevails in Ladakh as authorities enforce a curfew following clashes between security forces and protesters demanding statehood and constitutional protections. The violence resulted in fatalities and injuries, prompting detentions and political reactions.
'When global politics has some intervention on the core software one uses, and if you are cut off from your own data in critical workflows, sovereignty is no longer optional. It becomes a necessity.'
The US Chamber of Commerce has filed a lawsuit against the Trump administration's decision to impose a USD 100,000 fee on new H-1B visa petitions, arguing it harms American innovation and competitiveness.
The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said.
The Nepali Army and heads of security agencies have jointly appealed for restraint and dialogue as protests escalate following the Prime Minister's resignation. Demonstrations have turned violent, with protesters targeting government buildings, political figures' homes, and private property.
'I wanted to go for the heart, and at the same time, open the audience's mind.'
Assam Chief Minister Himanta Biswa Sarma says most of those present with singer Zubeen Garg in Singapore during his death have yet to respond to CID summons, and addresses related political accusations.
As many as 2,493 graves were identified as belonging to foreign terrorists who were killed in counter-insurgency operations.
These individuals often lacked identification to conceal their networks and maintain Pakistan's plausible deniability.
Gor, 38, was among 107 nominees confirmed by the Senate in a single en bloc vote on Tuesday, with 51 senators voting in favour and 47 against.
India should simultaneously prioritise domestic exploration and production of more oil and gas in the country, and ensure we retain diversified suppliers for imports, points out former foreign secretary Ranjan Mathai.
Twenty-six foreign leaders, including Vladimir Putin and Kim Jong Un, will attend China's V-Day commemorations on September 3. Japan has expressed concerns about the event's anti-Japanese overtones.
The Directorate of Revenue Intelligence (DRI) has imposed a hefty fine on Kannada film actress Ranya Rao and others in connection with a gold smuggling case. The actress was caught with 14.8 kg of gold at Bengaluru airport.
The 2024 Lok Sabha elections were held under Kumar's supervision. He demitted office in February this year.
Assam Police have filed a murder charge against Zubeen Garg's manager and a festival organizer in connection with the singer's death in Singapore. The investigation is ongoing, with authorities seeking cooperation from Singaporean officials.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The encounter between security forces and terrorists in the Gudar forest area of Kulgam, Jammu and Kashmir, has entered its second day. Two terrorists and two soldiers have been killed in the ongoing gunbattle.
The Supreme Court reprimanded an Israeli businessman residing in India, questioning his presence in Goa while seeking to halt the repatriation of his two daughters and their Russian mother, who were rescued from a Karnataka forest.
Climate activist Sonam Wangchuk was arrested Friday by a police party in Leh, two days after violent protests by supporters of the movement for statehood and extension of Sixth Schedule of Constitution left four persons dead and 90 others injured, officials said.
'Pakistan is an ally who gives the US access.' 'If we have a presence there, it puts us that much closer to China and puts our assets closer to China and Iran.'
Female students of Sri Sharada Institute of Indian Management, Delhi were allegedly forced to visit the quarter of self-styled godman Swami Chaitanyananda Saraswati late at night and one of them was even forced to change her name, the FIR filed against him read.
The representatives of youth-led Gen Z, which spearheaded the anti-government protests, held meetings with the top military brass to finalise a transitional government, but the talks hit a roadblock on the issue of who will head it.
Even as the years roll on, I know this: Whenever the history of the Indian Air Force is written, my name will always soar.
It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.
Self-styled godman Chaitanyananda Saraswati, accused of sexually harassing students, allegedly created an 'inescapable web' of intimidation at a private management institute, ensuring his control over its operations.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
The police took Mohammad (42) into custody after growing suspicious of his behaviour. It it said that he is allegedly part of several banned terrorist groups such as Jaish-e-Mohammad, the official said.
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
Bangladesh has summoned the Indian High Commissioner in Dhaka over border tensions, accusing India of violating a bilateral agreement by constructing fences at five locations along the Indo-Bangla border. The development comes after Bangladesh officials alleged that India had halted construction of barbed wire fencing due to strong opposition from the Border Guard Bangladesh and local residents.
Bangladesh has demanded a public apology and compensation from Pakistan for the 1971 atrocities, raising "historically unresolved issues" during the first foreign secretary-level talks between the two countries in 15 years. Dhaka also asked Islamabad to pay USD 4.3 billion as its share from the combined assets at the time of East Pakistan's split from West Pakistan in 1971 to form an independent Bangladesh.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
Equity benchmarks face a key test as investors weigh consumption revival hopes against tariff pressures and weak earnings. Amidst this, HSBC has outlined tailwinds and risks that could cap gains.
Maharashtra Governor C P Radhakrishnan reflects on his tenure as he prepares to move to Delhi as the next Vice President of India, calling it the happiest period in his public life.
As tensions escalated between India and Pakistan following the deadly Pahalgam terror attack, Iran reached out to both countries, urging de-escalation. Saudi Arabia also expressed concern, with its foreign minister engaging in phone conversations with his Indian and Pakistani counterparts. Iran's foreign minister, Seyed Abbas Araghchi, emphasized the importance of bilateral relations, stating Tehran's willingness to "forge greater understanding" at this critical time. Saudi Arabia's foreign minister, Faisal bin Farhan Al Saud, spoke with both India's External Affairs Minister S Jaishankar and Pakistan's Foreign Minister Mohammad Ishaq Dar. Amidst heightened tensions, India has taken a series of punitive measures against Pakistan, including suspending the Indus Waters Treaty and downgrading diplomatic ties. Pakistan responded by shutting its airspace to Indian airliners and suspending all trade. Both countries exchanged warnings, with Pakistan emphasizing its commitment to "respond firmly to any aggression."
