Stay updated with the latest public-sector news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on public-sector topics.
Gujarat - On the occasion of Hindi Diwas, and All India Official Language Conference, Indian Overseas Bank was awarded the prestigious Rajbhasha Kirti Puraskar First Prize in the Official Language Implementation category for the year 2024-2025. This is the third consecutive year that the bank has been recognised for this award in the category of public sector banks. The award ceremony took place at the Mahatma Mandir Convention and Exhibition Center, Gandhinagar, Gujarat, Union Home Minister an ...Read More >
PRNewswire Bangalore (Karnataka) [India], September 16: izmomicro (www.izmomicro.com), a division of izmo Ltd., today announced a major breakthrough in high-performance motor control technology with the launch of its latest in-house innovation designed for demanding industrial, electric vehicle, and next-generation energy applications. The company has developed a Galvanic Isolated Hex Bridge Inverter with integrated controller and drivers for three-phase Servo/BLDC motors, capable of deliverin ...Read More >
BANGALORE, India, Sept. 16, 2025 /PRNewswire/ -- izmomicro (www.izmomicro.com), a division of izmo Ltd., today announced a major breakthrough in high-performance motor control technology with the launch of its latest in-house innovation designed for demanding industrial, electric vehicle, and next-generation energy applications. The company has developed a Galvanic Isolated Hex Bridge Inverter with integrated controller and drivers for three-phase Servo/BLDC motors, capable of delivering 100 am ...Read More >
Mumbai: The Economic Offences Wing of Mumbai police has recorded the statement of Shilpa Shetty's husband Raj Kundra in a Rs. 60 crore alleged fraud case. Mumbai Police shared an update in the case and stated: "Investigations are going on against actress Shilpa Shetty and her husband Raj Kundra in an alleged fraud case of Rs. 60 crore. A summon was issued by the Economic Offences Wing of Mumbai Police to Raj Kundra. He was asked to appear before police for the investigation." They further stat ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ) The government has directed insurance companies to proactively undertake outreach campaigns to publicise GST reforms and pass on the benefits to policyholders. M. Nagaraju, Secretary, Department of Financial Services (DFS), chaired a meeting with senior officials of DFS, IRDAI, CMDs of public sector insurance companies and CEOs of leading private sector life and non-life insurance companies and officials from Life Insurance Council and General Insurance Counci ...Read More >
New Delhi, Sep 15: India has now surpassed Japan to become the third-largest automobile market globally, and the government is targeting the No. 1 position within the next five years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday. Unveiling an ambitious roadmap to position India as the world's leading hub for automobile manufacturing, green mobility, and infrastructure innovation at the 'International Value Summit 2025' here, the minister said all major global au ...Read More >
New Delhi, Sep 15 (PTI) State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an o ...Read More >
Mumbai: India's largest public sector bank, State Bank of India (SBI), has announced a change to its Auto-Sweep (MOD) facility. The bank has increased the minimum threshold from Rs 35,000 to Rs 50,000. SBI shared this update through emails to its customers. The message said, 'The minimum threshold limit for the auto sweep facility in Savings Bank accounts has been increased from Rs 35,000 to Rs 50,000. So, the next MOD (Multi Option Deposit) will be triggered at Rs 50,000.' What Is SBI's MOD o ...Read More >
Hyderabad: Union Minister for Coal and Mines G Kishan Reddy has called out the erstwhile Bharat Rashtra Samithi (BRS) regime for its "policy blunder" that he says prevented Singareni Collieries Company Limited (SCCL) from participating in national coal block auctions in time. Speaking to'The Hans India',he outlined the Centre's transparent coal allocation policy and its implications for Telangana's mining sector. Reddy explained that, following the Supreme Court's landmark decision to cancel pr ...Read More >
Thiruvananthapuram: State IT Mission, in collaboration with Kerala Startup Mission (KSUM), invited artificial intelligence (AI) solutions that address real-world governance challenges identified by various departments under the 'K-AI Initiative: AI for Governance' programme.Innovators, students, researchers and startups can submit AI-based governance solutions that can be leveraged by various governing bodies of state govt. A flagship initiative aimed at accelerating the adoption of AI solutions ...Read More >
Gandhinagar: Despite being a leader in renewable energy, Gujarat has been slow to adopt electric vehicles (EVs). The opposition Congress has reported that the state currently operates 942 electric buses. From 2015 to 2021, subsidies were provided to 7,923 students for electric two-wheelers and 87 buyers of electric three-wheelers."The national EV registration figures in the same period stand at over 1.75 crore electric two-wheelers and more than 11 lakh electric three-wheelers," said Congress sp ...Read More >
The Kerala Cabinet has approved a draft bill to safeguard housing rights for individuals facing potential home loss due to loan defaults. This legislation aims to protect those with annual incomes below Rs 3 lakh and loans not exceeding Rs 5 lakh, plus interest, up to Rs 10 lakh. The Kerala Cabinet on Saturday gave its nod to a draft bill aimed at protecting the right to housing in cases where people risk losing their only residence due to loan defaults. The significant legislation comes amid ...Read More >
Thiruvanthapuram: The Kerala Cabinet on Saturday gave its nod to a draft bill aimed at protecting the right to housing in cases where people risk losing their only residence due to loan defaults. The significant legislation comes amid growing reports of financially struggling families facing the attachment of their homes by banks over unpaid loans. According to a CMO statement here, the bill seeks to protect the rights to housing of individuals in cases where loan repayments are delayed not due ...Read More >
New Delhi, Sep 13 (PTI) Public sector banks (PSBs) have transitioned from a phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047, Financial Services Secretary M Nagaraju has said. Addressing the two-day PSB Manthan, which concluded on Saturday, Nagaraju also highlighted the need for PSBs to aspire to global competitiveness, strengthen governance and operational resilience, and ex ...Read More >
NEW DELHI : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has signed a Memorandum of Understanding (MoU) with the Centre for Development of Advanced Computing (C-DAC) to accelerate the development of India's sovereign cloud ecosystem. As India doubles down on self-reliant and secure digital infrastructure, this collaboration aims to deliver scalable, and AI-enabled cloud platforms that align with India's data localiza ...Read More >
NEW DELHI: India will aim to have at least two public sector banks (PSBs) among the world's top 20 by 2047, aligned with the Viksit Bharat vision, a government official said. At present only State Bank of India and HDFC Bank figure on the list of top 100 global lenders by assets. Strengthening corporate governance in PSBs, improving customer experience, and making them globally competitive through modernisation -- including use of artificial intelligence -- are among key issues being deliberat ...Read More >
India is set to elevate its banking sector. The nation envisions two of its banks among the world's top 20 by 2047. This ambition was discussed at the PSB Manthan 2025. Currently, State Bank of India and HDFC Bank hold significant global positions. The focus is on organic growth and enhanced efficiency. Discussions also covered improved board autonomy and cybersecurity. India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world ...Read More >
New Delhi, Sep 12 (PTI) India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of its 'Viksit Bharat 2047' vision to become a developed nation, according to a senior official. The issue of globally competitive banks was deliberated during the first day of the two-day-long PSB Manthan 2025, organised by the Department of Financial Services here, he added. Currently, the country's largest lender State Bank of India ( ...Read More >
Hyderabad (Telangana) [India], September 8: In a significant step towards strengthening Australia-India cooperation in the field of Artificial Intelligence (AI), Deakin University, Australia, and the Department of Information Technology, Electronics and Communications (ITE&C), Government of Telangana, have signed a Letter of Intent to collaborate on mission-driven AI innovation aligned with public good and digital economy goals. Deakin University, Australia, is ranked among the top 1 of univers ...Read More >
PRNewswire Hyderabad (Telangana) [India], September 8: In a significant step towards strengthening Australia-India cooperation in the field of Artificial Intelligence (AI), Deakin University, Australia, and the Department of Information Technology, Electronics and Communications (ITE&C), Government of Telangana, have signed a Letter of Intent to collaborate on mission-driven AI innovation aligned with public good and digital economy goals. Deakin University, Australia, is ranked among the top ...Read More >
Lucknow, September 3: Uttar Pradesh Chief Minister Yogi Adityanath's government has launched an extensive campaign to position the state as a global investment hub. With a strong emphasis on attracting foreign capital, the state is implementing the China+1 strategy, engaging with over 200 international companies to date. To turn these opportunities into reality, the government is collaborating closely with Indian embassies and various global institutions. As a result, investor confidence in Utt ...Read More >
New Delhi [India], September 1 (ANI): Amid growing bonhomie with New Delhi, Russia is carrying out studies to determine the level of investments that it would require to manufacture its Su-57 fifth-generation fighter jet in India. India has stated that it has a requirement for at least two to three squadrons of fifth-generation fighter jets and the Russian Su-57 along with the American F-35 is a contender for the project. Also Read | Delhi High Court to Pronounce on September 2 Its Decision on ...Read More >
President Droupadi Murmu on Friday presented the SCOPE Eminence Awards for 2022-23 in New Delhi, praising the role of public sector enterprises (PSEs) in India's growth journey and their contribution to nation-building since Independence. Addressing the gathering, the President said the awards celebrate the "significant contribution of public sector enterprises to the development of India" across social, economic, environmental, technological and ethical dimensions. She appreciated the Standing ...Read More >
New Delhi: The Hon'ble President of India, Smt. Droupadi Murmu, conferred the SCOPE Eminence Awards at Vigyan Bhawan, New Delhi. The event was organized by the Standing Conference of Public Enterprises (SCOPE), with the support of the Department of Public Enterprises (DPE), Ministry of Finance and was held in the presence of Shri Pankaj Chaudhary, Minister of State for Finance and Shri K. Moses Chalai, Secretary, DPE; Shri K. P. Mahadevaswamy, Chairman, SCOPE, and Shri Atul Sobti, Director Gener ...Read More >
Mumbai (Maharashtra) [India], August 29 (ANI): Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday. The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth ...Read More >
Mumbai (Maharashtra) [India], August 29 (ANI): Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday. The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth ...Read More >
New Delhi: In the first half of 2025 (H1 2025), India's consumer tablet market grew 20.5% year-on-year (year-on-year), supported by strong vendor push strategies and steady demand across e-commerce platforms, retail outlets, and online channels, a new report said on Thursday. The growth was also boosted by seasonal promotional events and Back-to-School campaigns, which helped attract buyers and drive conversions, according to data compiled by International Data Corporation's (IDC). The report ...Read More >
New Delhi: The government's plan to simplify the Goods and Services Tax (GST) structure, replacing the existing four-slab GST system with a simpler two-slab structure, is set to bring considerable relief to the consumers, with lower tax rates expected to make a wide range of goods more affordable, according to a new report. This move will directly benefit 11.4 per cent of India's Private Final Consumption Expenditure (PFCE), with taxable consumption estimated at Rs 150-160 lakh crore, Bank of B ...Read More >
Bank of Maharashtra aims to meet the 25% minimum public shareholding. Another share sale will help the bank lower government stake. The finance ministry has asked five public-sector banks to increase public shareholding by August 1, 2026. BoM raised Rupees 3,500 crore through a QIP in October. The bank is evaluating fundraising options. State-owned Bank of Maharashtra is confident of meeting the minimum public shareholding norm of 25 % after one more tranche of fundraising in the current fiscal ...Read More >
Mumbai: State-run Bank of Maharashtra aims to raise at least ₹2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm. "We will work it out, because as per the current prices, to comply with the Sebi norms, even at the current price, around ₹2,000 crore should suffice," managing director and chief executive office ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.