The Reserve Bank of India (RBI) has granted HDFC Bank approval to acquire up to a 9.5% stake in AU Small Finance Bank (AU SFB). This approval, effective from January 3, 2025, is valid for one year, after which it will lapse if the acquisition is not completed. Approval Details…
Category: News
RBI Approves Amalgamation of Two Banks: Here’s What You Need to Know
The Reserve Bank of India (RBI) has approved the amalgamation of The National Co-operative Bank Ltd., Bangalore (Karnataka), with Cosmos Co-operative Bank Limited (Maharashtra). This significant development will take effect on January 6, 2025, as per the RBI’s press release. Key Details of the Amalgamation From January 6, all branches…
Rohit Sharma, Gautam Gambhir, Ajit Agarkar Meeting: Behind the India Captain’s Big Decision
India’s captain Rohit Sharma made headlines after being left out of the playing XI for the fifth and final Test against Australia at the Sydney Cricket Ground (SCG). Vice-captain Jasprit Bumrah stepped in to lead the team during the toss, confirming that Rohit had “opted to rest.” The Decision The…
Weather Update: Dense Fog Disrupts Travel in Northern India
A thick blanket of fog has enveloped large parts of northern India, causing widespread disruption to transportation. The India Meteorological Department (IMD) reported that visibility dropped to zero at multiple locations, including Palam and Safdarjung in Delhi, as well as Amritsar, Agra, Hindon, Chandigarh, and Gwalior. Air Travel Affected IndiGo…
India Protests China’s New Counties and Mega Dam Plans in Tibet
New Delhi: India has strongly protested against China’s establishment of two new counties in the Hotan Prefecture, which includes territory claimed by India as part of Ladakh. The Ministry of External Affairs (MEA) has also voiced concerns about China’s plans to construct a mega dam on the Yarlung Tsangpo River…
FBI Uncovers Disturbing Evidence in Home of New Orleans Attacker Shamsud-Din Jabbar
On New Year’s Day, Shamsud-Din Jabbar drove a rented truck into Bourbon Street in New Orleans, mowing down revelers in what federal investigators have labeled an act of terrorism. The attack claimed 14 lives and left dozens injured. Jabbar, 42, was killed in a shootout with police following the incident….
India Protests China’s Establishment of New Counties in Ladakh Region
New Delhi: India has lodged a strong diplomatic protest against China after it established two new counties, parts of which fall under the Union Territory of Ladakh, according to the Ministry of External Affairs (MEA). Chinese state media outlet Xinhua reported on December 27 that the Xinjiang Uygur Autonomous Region…
Indian Railways: A Pillar of India’s Sports Ecosystem
Indian Railways, through the Railway Sports Promotion Board (RSPB), continues to play a pivotal role in nurturing the country’s sports ecosystem. Since its inception in 1928, the RSPB has grown from supporting Hockey, Athletics, and Tennis to promoting 29 sports disciplines, including 18 individual and 11 team games. With affiliations…
President Droupadi Murmu to Visit Karnataka on January 3, 2025
President of India, Smt. Droupadi Murmu, is scheduled to visit Karnataka today, January 3, 2025, for a day-long official tour. As part of her visit, the President will attend the golden jubilee celebrations of the National Institute of Mental Health and Neuro Sciences (NIMHANS) in Bengaluru. Additionally, she will inaugurate…
Bangladesh Court Denies Bail to Hindu Monk Chinmoy Krishna Das
A Bangladesh court on Thursday, January 2, 2025, rejected the bail plea of Hindu monk Chinmoy Krishna Das Brahmachari, who was arrested on sedition charges. The charges stem from allegations of disrespecting Bangladesh’s national flag during a rally in Chattogram last October. Chinmoy Krishna Das is a prominent member of…
