After the merger of regional rural banks (RRBs) under the “One State, One RRB” policy to improve their efficiency and minimise competition among public-sector banks (PSBs) that sponsor them, the government is planning to list at least five RRBs by
India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO B V R Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Subrahmanyam said overall geopolitical and economic environment
Adani Ports and JSW Infrastructure, India’s leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. Photograph: Jon Nazca/Reuters “With incrementally less availability of lucrative port assets that can drive cargo
US President Donald Trump has said it is ok for Apple to go to India to build its plants, but then the tech company will not be able to sell its products in America without tariffs. IMAGE: Apple CEO Tim
The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. Illustration: Uttam Ghosh/Rediff The Reserve
India’s forex reserves dropped $4.89 billion to $685.73 billion for the week ended May 16, the Reserve Bank of India said on Friday. Photograph: Kham/Reuters The overall reserves jumped by $4.553 billion to $690.617 billion in the previous reporting week.
US President Donald Trump on Friday again sought to pressurise Apple on its decision to increase production of its iPhone in India. Photograph: Kent J Edwards/Reuters Trump said that Apple will have to pay a 25 per cent import tariffs
India’s largest drug maker Sun Pharmaceutical on Thursday posted a decline of 19 per cent year-on-year (Y-o-Y) for its consolidated net profit for the fourth quarter of the financial year 2025 (Q4FY25) at Rs 2,149.8 crore. Photograph: Francis Mascarenhas/Reuters Meanwhile,
The National Payments Corporation of India (NPCI) is stepping up its supervision of the Unified Payments Interface (UPI) to prevent future disruptions caused by stress on the core network. Kindly note the image has been posted only for representational purposes.
The ‘swift’ clean-up by the interim management of IndusInd Bank will help rebuild trust in the private sector lender, Ashok Hinduja, Chairman of its promoter grouping IIHL, said on Thursday. Photograph: Anushree Fadnavis/Reuters Hinduja also affirmed IIHL’s commitment to support
