News for 'United Bank of India'

In An AI-Obsessed World, India's Craft May Redefine 'Made In India'

In An AI-Obsessed World, India's Craft May Redefine 'Made In India'

Rediff.com2 Dec 2025

What is currently perceived as a massive, low-tech liability could become a high-value, export-oriented economic engine, points out Ajit Balakrishnan.

Over 50 held as T'gana's EAGLE Force hits Nigerian cartel's India Ops

Over 50 held as T'gana's EAGLE Force hits Nigerian cartel's India Ops

Rediff.com29 Nov 2025

Telangana's anti-narcotics wing, the EAGLE Force, conducted a multi-state operation against a Nigerian drug cartel, resulting in over 50 arrests and the seizure of narcotics worth Rs 3.5 crore.

Forex reserves drop by $1.88 bn to $686 bn

Forex reserves drop by $1.88 bn to $686 bn

Rediff.com5 Dec 2025

India's forex reserves dropped by $1.88 billion to $686 billion during the week ended November 28, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by $4.47 billion to $688 billion.

Rupee ends up 53 paise to 89.67/USD

Rupee ends up 53 paise to 89.67/USD

Rediff.com19 Dec 2025

The rupee appreciated 53 paise to close at 89.67 against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices. Forex traders said a positive trend in domestic equities and Brent crude oil prices hovering near $59 per barrel supported the domestic unit at lower levels.

'Christians Can Be Taken For Granted'

'Christians Can Be Taken For Granted'

Rediff.com6 Jan 2026

'Mob fury has become very common these days. And these attacks are all planned very well.' 'In all these attacks, you see that they have a very clear cut plan to make the victims as the oppressors and the guilty.' 'The attackers escape and they face no consequences as they have the backing of some political leaders.'

Rupee recovers 55 paise from all-time low to close at 90.38/USD

Rupee recovers 55 paise from all-time low to close at 90.38/USD

Rediff.com17 Dec 2025

The rupee recovered 55 paise from its all-time low level to close at 90.38 against the US dollar after a volatile trade on Wednesday, amid suspected aggressive central bank intervention.

India's forex reserves drop $6.9 bn to $695.36 bn

India's forex reserves drop $6.9 bn to $695.36 bn

Rediff.com31 Oct 2025

India's forex reserves dropped by $6.925 billion to $695.355 billion during the week ended October 24, the RBI said on Friday.

Rupee slumps 38 paise to close at all-time low of 90.32 against US dollar

Rupee slumps 38 paise to close at all-time low of 90.32 against US dollar

Rediff.com11 Dec 2025

The rupee plunged 38 paise to close at an all-time low of 90.32 against the US dollar on Thursday amid uncertainty over the India-US trade deal. Forex traders said the rupee is expected to trade with a negative bias as the delay in the trade deal between India and the US may continue to dent investor confidence.

Was US India's Ally Or Foe In The 1962 War?

Was US India's Ally Or Foe In The 1962 War?

Rediff.com18 Nov 2025

What appeared to be a generous act of friendship was, in truth, a manoeuvre within a much larger strategic game. The United States used the 1962 war not just to aid India but to test how far it could be pulled into the Western fold, points out Dr Kumar.

US visa curbs, AI surge will shape Indian IT in 2026

US visa curbs, AI surge will shape Indian IT in 2026

Rediff.com23 Dec 2025

India's $280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed $100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing.

5,800 Jews In India's North East To Relocate To Israel

5,800 Jews In India's North East To Relocate To Israel

Rediff.com25 Nov 2025

Israel's government has approved a proposal to bring all the remaining 5,800 Jews from India's north-east, commonly referred to as Bnei Menashe, over the next five years.

How Could Markets Be At All-Time Highs While Portfolios Languished?

How Could Markets Be At All-Time Highs While Portfolios Languished?

Rediff.com29 Dec 2025

There are vexing questions around the disconnect between Nifty returns and portfolio returns, between economic growth and earnings growth, and finally, between earnings growth and market returns, points out Debashis Basu.

'Large Part Of Capital Needs To Be Met Via GIFT City'

'Large Part Of Capital Needs To Be Met Via GIFT City'

Rediff.com8 Dec 2025

'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'

Yearend: Time To Reassess YOUR Portfolio

Yearend: Time To Reassess YOUR Portfolio

Rediff.com29 Dec 2025

This exercise allows investors to realign their portfolios with changing market conditions and evolving personal objectives.

The Man The LTTE Couldn't Kill

The Man The LTTE Couldn't Kill

Rediff.com5 Jan 2026

The Tigers refused to forgive Douglas Devananda and tried to assassinate him repeatedly. He later said: "(LTTE chief Velupillai) Prabhakaran cannot kill me." Destiny proved him right.

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Rediff.com23 Sep 2025

Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.

Forex reserves jump $5.54 bn to $692.57 bn

Forex reserves jump $5.54 bn to $692.57 bn

Rediff.com21 Nov 2025

India's forex reserves jumped $5.54 billion to $692.57 billion during the week ended November 14 due to a steep increase in the value of gold reserves, the RBI said on Friday.

Kremlin Didn't Know About Modi Gesture

Kremlin Didn't Know About Modi Gesture

Rediff.com5 Dec 2025

The Russians have termed Putin's visit to India, his first to this country since the outbreak of the Russia-Ukraine war, as 'Druzhba Dosti', which means 'friendship' in Russian and Hindi respectively.

India's forex reserves drop below $700 bn

India's forex reserves drop below $700 bn

Rediff.com10 Oct 2025

India's forex reserves fell by $276 million to $699.96 billion during the week ended October 3, according to RBI data. In the previous reporting week, India's forex reserves had dropped by $2.33 billion to $700.24 billion.

200% spike in gold import drives India's trade deficit to $41.68 billion

200% spike in gold import drives India's trade deficit to $41.68 billion

Rediff.com22 Nov 2025

India's merchandise trade deficit widened to a record $41.68 billion in October, as gold imports trebled and outbound shipments registered their sharpest contraction in 14 months, according to data released by the commerce department.

US Senator warns against poor-quality drugs from India

US Senator warns against poor-quality drugs from India

Rediff.com17 Oct 2025

United States Senator Jim Banks has urged the Food and Drug Administration (FDA) to step up inspections of overseas pharmaceutical manufacturing facilities, expressing concern over poor-quality drugs being imported from countries like India and China.

'Confident of good trade deal with US'

'Confident of good trade deal with US'

Rediff.com21 Nov 2025

Officials from both India and the US in the recent past have indicated that a "fair deal" will be concluded soon, with Indian officials holding that more formal rounds of talks are not needed.

India's Housing Finance Sector Hits Home Run

India's Housing Finance Sector Hits Home Run

Rediff.com29 Oct 2025

India's housing finance sector is riding a wave of post-pandemic revival, driven by policy support, digital innovation, and growing demand from younger homebuyers in emerging cities.

Forex reserves drop $2.7 bn to $687 bn

Forex reserves drop $2.7 bn to $687 bn

Rediff.com14 Nov 2025

India's foreign exchange reserves dropped by another $2.7 billion to $687.03 billion during the week ended November 7, the RBI said on Friday.

How To Buy Gold Wisely In 2026

How To Buy Gold Wisely In 2026

Rediff.com15 Dec 2025

From Rs 73k to over Rs 1.2L between January-December 2025 -- is buying gold in 2026 still sensible?

Forex reserves drop $5.62 bn to $689.73 bn

Forex reserves drop $5.62 bn to $689.73 bn

Rediff.com7 Nov 2025

India's forex reserves dropped $5.62 billion to $689.73 billion for the week ended October 31, the Reserve Bank of India said on Friday. The overall reserves had declined by $6.92 billion to $695.35 billion.

Importers rush to hedge while exporters wait on sidelines amid rupee dip

Importers rush to hedge while exporters wait on sidelines amid rupee dip

Rediff.com5 Dec 2025

Importers are rushing to hedge their dollar positions amid the sharp depreciation of the rupee against the American currency and expectations of further volatility even as exporters are holding off after suffering mark-to-market (MTM) losses on earlier hedges.

'Powerful Individuals Escape Accountability In This Country'

'Powerful Individuals Escape Accountability In This Country'

Rediff.com26 Dec 2025

'Judges have transmitted a terrible message to citizens across the nation. All right-thinking individuals will be disturbed by what the Delhi high court judges have done.'

We expect deposit rates to moderate post rate cut: RBI

We expect deposit rates to moderate post rate cut: RBI

Rediff.com6 Dec 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction.

Rupee breaches 90/dollar for first time; closes at all-time low of 90.15

Rupee breaches 90/dollar for first time; closes at all-time low of 90.15

Rediff.com3 Dec 2025

The rupee breached 90-levels against the greenback for the first time on Wednesday, falling 6 paise to 90.02 in early trade, as banks kept buying US dollars at higher levels and FII outflows continued.

Why US-China Face-Off Is Advantage India

Why US-China Face-Off Is Advantage India

Rediff.com29 Oct 2025

Amid US-China trade tensions and economic vulnerabilities, India must seize the 'China +1' opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth, suggests Ajay Shah.

India's GDP to grow 6.7-6.9% in FY26: Deloitte

India's GDP to grow 6.7-6.9% in FY26: Deloitte

Rediff.com23 Oct 2025

Deloitte India on Thursday projected India's economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms. Indian economy grew 7.8 per cent in the April-June quarter of current fiscal.

US Sanctions May Not Stop Russian Oil Flow To India

US Sanctions May Not Stop Russian Oil Flow To India

Rediff.com4 Nov 2025

Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.

Clashes in Odisha village after tribal woman's beheading; internet shut

Clashes in Odisha village after tribal woman's beheading; internet shut

Rediff.com10 Dec 2025

Tension grips Malkangiri district in Odisha after a tribal woman was beheaded, leading to clashes and property damage. Internet services are suspended as authorities work to restore peace.

Why Rupee Depreciation Should Not Be Resisted

Why Rupee Depreciation Should Not Be Resisted

Rediff.com4 Dec 2025

'Calibrated depreciation will help rebalance external fundamentals, offset some of the tariff differentials with competitors, improve the competitiveness of domestic substitutes vis-a-vis Chinese imports, and contribute to the easing of financial conditions at a time when the inflation rate is unusually low,' explains Sajjid Z Chinoy, head of Asia Economics at JP Morgan.

India's forex reserves jump $4.7 bn to $702.97 bn

India's forex reserves jump $4.7 bn to $702.97 bn

Rediff.com19 Sep 2025

India's forex reserves jumped $4.7 billion to $702.97 billion for the week ended September 12, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had increased $4.04 billion to $698.27 billion.

Forex reserves jump by $4.5 billion to $702.28 billion

Forex reserves jump by $4.5 billion to $702.28 billion

Rediff.com24 Oct 2025

India's forex reserves increased by $4.496 billion to $702.28 billion for the week ended October 17, as the value of gold reserves rose further, the RBI said on Friday.

'BJP's Greater Control In Bihar Marks A Fundamental Shift'

'BJP's Greater Control In Bihar Marks A Fundamental Shift'

Rediff.com5 Dec 2025

'Nitish Kumar previously held tight control over key ministries, but this concession (giving the home portfolio to the BJP) reflects either his weakened political position or a pragmatic acknowledgment of the BJP's growing dominance.'

Why We Must Worry About India's Human Rights Record

Why We Must Worry About India's Human Rights Record

Rediff.com18 Oct 2025

In May, 40 Rohingyas were blindfolded and flown to the Andaman and Nicobar islands and then thrown into the sea and made to swim to an island in Myanmar. And after the Pahalgam attack, at least 300 Muslims were 'pushed back' to Bangladesh from Assam.

United Bank of India to cut base rate

United Bank of India to cut base rate

Rediff.com15 Jan 2015

United Bank of India said it would cut its base rate by 25 basis points to 10 percent from February 1, after the Reserve Bank of India itself cut rates in a surprise inter-meeting move.