New Delhi, Oct 30: News in Short (60 words): bank merger The Indian government plans to merge Union Bank of India and Bank of India, creating the second-largest public sector bank after SBI, with assets worth ₹25.67 lakh crore. It also considers merging Indian Overseas Bank with Indian Bank, while Punjab & Sind Bank and…
On India’s southern coast, shrimp farming once brought prosperity. For two decades, V. Srinivas from Veeravasaram village thrived by cultivating shrimp in saline ponds, as India grew into the top supplier of shrimp to the United States. Now, U.S. President Donald Trump’s 50% tariff threat is pushing him and thousands of others toward crisis. Tariff…
Indian Investors Shift Focus to Silver as Prices Hit Record Highs New Delhi, July 14:Indian investors are increasingly turning their attention to silver, a metal traditionally overshadowed by gold in the country. Silver prices in India recently surged to a record ₹114,875 per kilogram ($1,336), nearing a 14-year global high. This spike is attracting both…
Gold Buyers Opt for 18-Carat Over 22-Carat Amid Soaring Prices As per ANI reports, a growing number of gold buyers are now choosing 18-carat gold over the traditionally preferred 22-carat, mainly due to the rising cost of gold. According to the Malabar Group, one of India’s leading jewellery brands, there has been a noticeable shift…
India’s wholesale inflation, measured by the Wholesale Price Index (WPI), slowed to 2.05% in March, down from 2.38% in February, according to new data from the Ministry of Commerce and Industry. The rise in March was mainly due to higher prices of manufactured goods. But compared to the previous month, overall wholesale prices actually fell…
India’s Economy to Grow 6.5% in FY26, US Tariffs Pose Risk On Monday, Crisil, a global credit rating agency, predicted that India’s economy will grow by 6.5% in the financial year 2026. However, it warned that new US tariffs could lower this growth. Despite challenges from outside India, Crisil believes the Reserve Bank of India…
One state, one RRB The Government of India, through the Department of Financial Services (DFS), Ministry of Finance, has notified the merger of 26 Regional Rural Banks (RRBs) under the fourth phase of RRB consolidation. The move follows the “one state, one RRB” principle and aims to enhance operational efficiency, cost-effectiveness and resource optimisation in…
According to a report by Crisil Market Intelligence, the cost of a vegetarian thali dropped by 2%, and the non-vegetarian thali by 5% in March 2025 compared to February. The main reason for this drop was a fall in the prices of key vegetables like tomatoes, potatoes, and onions. Fresh crop arrivals caused prices to…
Mumbai, April 6: India’s foreign exchange reserves recorded a sharp rise of USD 6.596 billion, reaching USD 665.396 billion for the week ending March 28, according to the latest data released by the Reserve Bank of India (RBI). This marks…
The Government e-Marketplace (GeM) has enabled the hiring of over 1 million manpower resources by government organizations in the 2024-25 fiscal year, as per the Ministry of Commerce & Industry. GeM provides a digital platform for government buyers to outsource manpower seamlessly. Over 33,000 service providers offer skilled and unskilled workers, including security personnel, data…