India’s Finance Minister Nirmala Sitharaman confirmed that the government has initiated discussions with the Reserve Bank of India (RBI) and various banks regarding consolidation in the banking sector. She emphasised that before any firm decisions on merging banks are taken, a more enabling environment will need to be created to allow banks to grow.
Singapore-based Singtel is reportedly set to sell about 5.1 crore shares — roughly 0.8 % of Bharti Airtel — through a block deal valued at around Rs 10,300 crore (≈ US$1.17 billion). The floor price for the deal is fixed at Rs 2,030 per share, representing approximately a 3.1 % discount to the company’s previous closing price of ~Rs 2,095.
India’s aviation growth story is hitting an unexpected snag. While Akasa Air and Air India are eager to expand their fleets, they are caught in a regulatory logjam in the United States that is delaying delivery of fully certificated planes — including aircraft that are technically complete, yet remain grounded because their seats have not received clearance.
The government is reportedly exploring a fresh wave of mergers in the public sector banking (PSB) space, aiming to create a few large global-scale lenders with assets and lending power capable of supporting India’s next phase of growth. While the aspiration is bold, a key question remains: will these consolidations truly transform the banking system—or […]
The formidable momentum once enjoyed by Ola Electric now appears to be wavering. After its entry into the electric two-wheeler market with strong aspirations, the company is now facing headwinds as it stands on the verge of losing its No. 4 position in the domestic category.
According to S. Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), India holds a substantially higher “headroom” for productivity growth through artificial intelligence (AI) compared with several other nations.
Microsoft has announced the formation of its new “MAI Superintelligence Team” aimed at developing artificial-intelligence systems capable of outperforming humans in select domains, beginning with medical diagnosis.
Infosys Ltd has introduced an advanced AI-agent solution tailored for the energy sector, integrating its AI-first platform Topaz and cloud-based offering Cobalt with Microsoft Copilot Studio, Azure OpenAI Foundry models and ChatGPT 4o.
64.46% voter turnout in the 1st phase of Bihar Election 2025 marks the highest in 25 years, raising speculation of strong anti-incumbency sentiment and a desire for change among voters. The sharp rise in participation reflects growing political awareness and enthusiasm across both rural and urban regions.
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