As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank. Following this merger, PNB will become second largest after the SBI, Canara Bank fourth, Union Bank of India fifth and Indian Bank seventh biggest public sector lender.
The government has adopted a graded approach under 'Unlock' and to open up various economic activities, secretary in the health ministry, Rajesh Bhushan, told a press conference.
A referendum will be held on Thursday, June 23, to decide whether Britain should exit (Britain's exit, hence the term Brexit) or remain in the European Union.
Canada will undertake a review of its immigration rules after a diplomatic row with India over denial of visas to people on grounds that their service in army, police and intelligence units made them complicit in human-rights violations.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
As many as 17 three star generals will retire before General Bajwa hangs his boots, says Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
Excerpts from Prime Minister Narendra Modi's speech at the Combined Commanders Conference on board the INS Vikramaditya at sea, off the coast of Kochi.
The countdown began at 6.27 am for the launch on board ISRO's third generation workhorse Polar Satellite Launch Vehicle, in its 47th flight, ISRO said.
India'Prime Minister Narendra Modi has been congratulated for his speedy diplomacy and his talks with Pakistani counterpart Nawaz Sharif. However, academic Christine Fair and former Pakistan ambassador to US Husain Haqqani dismiss the meeting, calling it merely a photo-op and an exercise in futility. Aziz Haniffa reports.
Rajya Sabha on Monday passed the Constitution (Scheduled Castes) Order (Amendment) Bill-2021 to club seven castes in poll-bound Tamil Nadu under one nomenclature of Devendrakula Vellalars.
While working with Air India, she has also earned a degree in BSc Aviation, done a course in classical key-board, learnt various forms of modern dance and become a lawyer. Anjuli Bhargava profiles the super-achiever.
'KRN's journey from a humble cottage in Uzhavoor to Rashtrapati Bhavan in New Delhi was no less spectacular than that of Abraham Lincoln from the log cabin to the White House'.
'Life will not improve overnight; it will happen in a gradual manner.'
In an effort to bring all Test nations on board, the International Cricket Council (ICC) has sought the services of a leading technology institute -- the MIT -- to 'achieve' a uniform Decision Review System (DRS), an innovation which India has been opposing for long.
The construction sector is now India's second-largest employer after agriculture, the trend coinciding with India's high-growth phase and decline in poverty levels
'Growth is predicated on the misery of large sections of people.' 'Maybe Hindutva will be used to suppress any such unrest.'
The economist was also critical of demonetisation and the way Good and Services Tax was implemented.
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
But it scores high on firm dynamics - which is partly accidental, as it benefits from high labour turnover.
The Graduate Record Examination is not very difficult. Really!
The four leg canine 'soldiers' play a crucial role in saving lives of troops and civilians, reports Mayank Singh.
'If she contests it, then these people will have to fight it in court.'
Investors were stuck in old schemes though they were suspended because of tax implications.
'India placed the order, primarily due to the IAF's 'critical operational necessity'.' 'The complexity of the IAF's requirements delayed the process for months.' 'It is these requirements which cannot be made public.' 'Can you image Indian politicians publicly discussing the pros and the cons of such military equipment?' 'It would provide India's enemies with indications about the IAF's tactical plans in case of a conflict.' 'It is crucial that they should remain secret to protect India's defence preparedness,' explains Claude Arpi.
Know what terms like anti-profiteering, CGST, SGST, IGST means in the new regime
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
Kia's Seltos SUV has already crossed the 40,000 mark while the slightly pricier MG Hector has sold nearly 13,000 units.
This year, the combined net profit of 24 index companies, which have declared their June-20 numbers, has declined by 37 per cent year on year, while their revenues, including other income, is down by 21 per cent YoY so far.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
A limited number of activities will remain prohibited across the country, irrespective of the zone, including travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training/coaching institutions.
The Bill was supported by the members across party lines, however, some suggested to add in its purview hospital sanitary staff, ASHA (accredited social health activist) workers and 'Corona warriors' in emergency services such as police and personnel from other departments.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
Finance Minister Nirmala Sitharaman on Tuesday held a review meeting on credit guarantee scheme with heads of public sector banks, and asked them to expedite loan disbursement under the Rs 3-lakh crore ECLGS for MSME sector, hit hard by coronavirus-induced lockdown. The meeting on Emergency Credit Line Guarantee Scheme (ECLGS) was held through video conference, and the minister appreciated the efforts of banks in execution of the scheme.
Anand Chandrasekharan, CTO of Mad Street Den tells Shobha Warrier of Rediff.com that he wants to make his company the one-stop artificial intelligence company in the world.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The leadership needs to put all other government business aside, control the pandemic and save human lives. Searchlights are going to be held by the world community in the weeks and months ahead as the fatality rates start shooting up and Indians die like flies, warns Ambassador M K Bhadrakumar.
