News for 'United Bank'

Expect India to strike first trade pact: US Treasury Secy Scott Bessent

Expect India to strike first trade pact: US Treasury Secy Scott Bessent

Rediff.com25 Apr 2025

As in-person negotiations between India and the US kickstarted on Wednesday, Treasury Secretary Scott Bessent said he expected India to strike the first bilateral trade deal to avert President Donald Trump's reciprocal tariffs.

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Rediff.com13 Apr 2025

K Krithivasan -- the chief executive and managing director of TCS -- believes that the tariff moves-induced uncertainty impacting the sector will be "short-lived" and expects it to get resolved within "months".

As Election Nears, Patna Gets Metro Boost

As Election Nears, Patna Gets Metro Boost

Rediff.com29 May 2025

The metro, it seems, is politics-proof -- even if it comes at a high cost.

How US tariffs impact Indian IT services cos in near term

How US tariffs impact Indian IT services cos in near term

Rediff.com3 Apr 2025

Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.

Ambedkar's legacy sparks fierce political clash on his birth anniversary

Ambedkar's legacy sparks fierce political clash on his birth anniversary

Rediff.com15 Apr 2025

The birth anniversary of Dr Bhimrao Ramji Ambedkar, whose political influence has surged with the passage of time, on Monday was marked by bitter trading of charges between the ruling BJP and opposition parties as they fought for his legacy.

Institutional investment in real estate jumps 31% to $1.3bn

Institutional investment in real estate jumps 31% to $1.3bn

Rediff.com5 Apr 2025

The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.

34 US banks fail in 2009; BankUnited collapses

34 US banks fail in 2009; BankUnited collapses

Rediff.com22 May 2009

In one of the biggest bank failures in the United States in 2009, Florida-based BankUnited has been shut down by the authorities, pushing the total number of such collapses to 34 so far this year.

All eyes on RBI Governor Sanjay Malhotra as MPC meeting begins

All eyes on RBI Governor Sanjay Malhotra as MPC meeting begins

Rediff.com5 Feb 2025

The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday. The meeting of the six-member MPC, which will culminate on Friday, aims to boost sluggish economic growth, which is seen falling to a four-year low. Malhotra took charge as the 26th RBI governor in December last year.

Arrest warrant against Bangladesh's cricket legend

Arrest warrant against Bangladesh's cricket legend

Rediff.com19 Jan 2025

The IFIC Bank in October 2024 issued a legal notice over the bounced cheques and subsequently filed the case on December 24 against the cricketer-turned-businessman and three other officials of his company.

Forex reserves drop by $8.48 billion to $644.39 billion

Forex reserves drop by $8.48 billion to $644.39 billion

Rediff.com27 Dec 2024

The country's forex reserves dropped by a further $8.48 billion to $644.39 billion for the week ended December 20, the RBI said on Friday. In the previous reporting week, the reserves had dropped by $1.988 billion to a six-month low of $652.87 billion.

Has US Averted India-Pakistan War?

Has US Averted India-Pakistan War?

Rediff.com2 May 2025

The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.

Why Congress's Ahmedabad AICC session is historic

Why Congress's Ahmedabad AICC session is historic

Rediff.com7 Apr 2025

The Congress's second AICC session in Gujarat post-Independence is being held on the 100th anniversary of Mahatma Gandhi's party presidency and the 150th birth anniversary of Sardar Vallabhbhai Patel.

INDIA bloc performing 'mujra' for its vote bank: Modi

INDIA bloc performing 'mujra' for its vote bank: Modi

Rediff.com25 May 2024

Prime Minister Narendra Modi on Saturday vowed to thwart alleged attempts to rob Dalits and backward classes of reservations by the Indian National Developmental Inclusive Alliance (INDIA) which he accused of 'enslavement' and performing 'mujra' for Muslim vote bank.

Forex reserves drop $2 bn to $652.87 bn

Forex reserves drop $2 bn to $652.87 bn

Rediff.com20 Dec 2024

India's forex reserves dropped by $1.99 billion to $652.87 billion for the week ended December 13, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $3.235 billion to $654.857 billion.

It's Siraj vs Starc: Table-toppers DC and GT collide for supremacy

It's Siraj vs Starc: Table-toppers DC and GT collide for supremacy

Rediff.com18 Apr 2025

The Capitals sit pretty at the top with 10 points from six games, while the Titans trail close behind with eight from as many outings.

United Western Bank under moratorium

United Western Bank under moratorium

Rediff.com2 Sep 2006

The United Western Bank was placed under moratorium to protect the interest of public and depositors due to erosion of its capital base with growing losses.

India's forex reserves drop by $3.23 bn to $654.85 bn

India's forex reserves drop by $3.23 bn to $654.85 bn

Rediff.com13 Dec 2024

India's forex reserves dropped by $3.23 billion to $654.86 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by $1.51 billion to $658.09 billion, ending a multi-week decline in the overall kitty.

Can CSK break their losing streak against KKR?

Can CSK break their losing streak against KKR?

Rediff.com10 Apr 2025

A struggling Chennai Super Kings (CSK) will be aiming to break their losing streak when they face Kolkata Knight Riders (KKR) in a crucial Indian Premier League (IPL) match at the MA Chidambaram Stadium in Chennai on Friday. CSK are currently ninth in the standings with one win and four losses, while KKR are in sixth position with two wins and three defeats. The home team will be hoping to turn around their fortunes at Chepauk, which has not been as advantageous this season as it has been in the past. CSK will need to adapt to the changed conditions and rely on their spinners to perform well at a venue where they have traditionally dominated. Meanwhile, KKR will be looking to bounce back from a narrow loss to the Lucknow Super Giants and secure a win to keep their playoff hopes alive.

FAQ: IT Dept Can Check E-mail, WhatsApp

FAQ: IT Dept Can Check E-mail, WhatsApp

Rediff.com6 Mar 2025

Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.

How war anxiety is haunting Indian homes

How war anxiety is haunting Indian homes

Rediff.com11 May 2025

The escalating military tension between the two nations, a deluge of information, and the inability to sift through fake and real news can significantly affect the psychological well-being of individuals, said mental health experts.

Waqf bill: Govt says no interference in Muslims; Oppn objects

Waqf bill: Govt says no interference in Muslims; Oppn objects

Rediff.com2 Apr 2025

Introducing the bill, Rijiju said the consultation process of the Joint Parliamentary Committee (JPC) was the largest ever exercise carried out by a parliamentary panel in India's democratic history.

Colombia agrees to take back migrants, Trump pauses tariffs

Colombia agrees to take back migrants, Trump pauses tariffs

Rediff.com27 Jan 2025

US President Donald Trump has imposed tariffs and a travel ban on Colombia after the South American nation refused to accept two American military planes deporting undocumented Colombians. The move comes after President Trump announced mass deportations of illegal immigrants and warned countries of consequences if they refuse to accept them. Colombian President Gustavo Petro, in a post on X, said that the US cannot treat Colombian migrants as criminals and denied the entry of American planes carrying Colombian migrants into Colombian territory. Trump responded by imposing a 25% tariff on all goods coming into the US, a travel ban and immediate visa revocations on Colombian government officials, and visa sanctions on all party members, family members and supporters of the Colombian government. The US also announced enhanced customs and border protection inspections of all Colombian nationals and cargo on national security grounds. In retaliation, Colombia announced a 25% import tariff on American products.

NSE and BSE IFSC units may file for merger by September end

NSE and BSE IFSC units may file for merger by September end

Rediff.com14 Sep 2023

The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an application before the National Company Law Tribunal as early as this month, according to a top regulatory official. Sources indicate that the merger proposal has received approval from their respective boards. Both the NSE and BSE are arch rivals when it comes to onshore trading.

Why Kerala Opposes Sand Sea Mining

Why Kerala Opposes Sand Sea Mining

Rediff.com19 Apr 2025

If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.

The Costly Flops of IPL 2025

The Costly Flops of IPL 2025

Rediff.com16 May 2025

Here's a look at the biggest disappointments of IPL 2025 -- the players who've cost crores but delivered crumbs.

Focus on skippers Pant, Patel as LSG, DC face off in Vizag

Focus on skippers Pant, Patel as LSG, DC face off in Vizag

Rediff.com23 Mar 2025

With their respective leaders switching camps and squads undergoing major overhauls, both Delhi Capitals and Lucknow Super Giants, under new captains, will be eager to make a strong start to their IPL campaign when they face off in Visakhapatnam on Monday.

Can China Successfully Challenge The US?

Can China Successfully Challenge The US?

Rediff.com16 Apr 2025

If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.

'There is a slowdown in the economy'

'There is a slowdown in the economy'

Rediff.com7 Feb 2025

'I believe that the overall demand for commercial vehicles will improve, even though there is a slowdown in the GDP.'

Elon Musk freaks out over Trump's deal with OpenAI

Elon Musk freaks out over Trump's deal with OpenAI

Rediff.com23 Jan 2025

The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.

So far so good for Tuchel as England win two in two

So far so good for Tuchel as England win two in two

Rediff.com25 Mar 2025

Six points was the minimum requirement for England's opening two games and while the opposition were not of the highest quality, Tuchel said they were useful tests.

Forex reserves jump $1.51 bn to $658.09 bn

Forex reserves jump $1.51 bn to $658.09 bn

Rediff.com6 Dec 2024

India's forex reserves increased by $1.51 billion to $658.09 billion for the week ended November 29, the RBI said on Friday. The overall reserves had dropped by $1.31 billion to $656.58 billion in the previous reporting week.

FTA talks may figure in Sitharaman's London meetings

FTA talks may figure in Sitharaman's London meetings

Rediff.com31 Mar 2025

Issues related to the proposed free trade agreement (FTA) and bilateral investment treaty between India and the UK are expected to figure during the three-day visit of Finance Minister Nirmala Sitharaman to London from April 8-10, official sources said. The minister will attend a host of meetings, including the India-United Kingdom Economic and Financial Dialogue, in London.

Reits climb the office ladder even as valuations keep rungs in place

Reits climb the office ladder even as valuations keep rungs in place

Rediff.com31 Mar 2025

Even as concerns grow over the residential real estate market reaching its peak, the outlook for office real estate remains strong, with listed real estate investment trusts (Reits) standing to benefit from sustained demand in the segment.

BCCI's earnings hit record highs as per latest reports

BCCI's earnings hit record highs as per latest reports

Rediff.com19 Dec 2024

BCCI's healthy bank balance got healthier this year with an approximate increase of Rs 4200 crore, taking the overall earnings to a whopping Rs 20,686 crore.

Offers Pour In At IITs' Placement Season

Offers Pour In At IITs' Placement Season

Rediff.com24 Dec 2024

Major recruiters, with double-digit offers at IIT campuses this year so far, include American Express, Barclays, BCG, Cars24, Deutsche Bank, Goldman Sachs, Google, Intel India, Meesho, Micron Technology, Microsoft, OLA, Oracle, Reliance, and Qualcomm.

FPIs' incessant selling continues; withdraw Rs 7,300 cr

FPIs' incessant selling continues; withdraw Rs 7,300 cr

Rediff.com9 Feb 2025

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about $840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore in the entire January. Before that, they invested Rs 15,446 crore in December, data with the depositories showed.

Pahalgam Attack: Unfinished Battle Against Terrorism

Pahalgam Attack: Unfinished Battle Against Terrorism

Rediff.com30 Apr 2025

The Pahalgam massacre highlights the evolution of terrorism into a multi-domain challenge. India's response must similarly evolve -- from tactical retaliation to comprehensive strategic deterrence. To establish a credible and sustained deterrent, India must also carry out continuous kinetic operations, both overt and covert, suggest Sakshit Raina and Rahul Mishra. To establish a credible and sustained deterrent, India must also carry out continuous kinetic operations, both overt and covert, suggest Sakshit Raina & Rahul Mishra.

Indian student self-deports after US revokes visa for supporting Hamas

Indian student self-deports after US revokes visa for supporting Hamas

Rediff.com15 Mar 2025

Ranjani Srinivasan, a citizen and national of India, entered the United States on a F-1 student visa as a doctoral student in Urban Planning at Columbia University, the Department of Homeland Security said in a statement on Friday. It added that Srinivasan was "involved in activities supporting" Hamas, a terrorist organisation.

Forex reserves drop $1.31 bn to $656.5 bn

Forex reserves drop $1.31 bn to $656.5 bn

Rediff.com29 Nov 2024

India's forex reserves dropped $1.31 billion to $656.58 billion for the week ended November 22, the Reserve Bank of India (RBI) said. The kitty had dropped a record $17.76 billion to $657.89 billion in the previous reporting week ending November 15.