Last year in August, the government announced the consolidation of ten public sector banks (PSBs) into four mega state-owned lenders (Mint )
Last year in August, the government announced the consolidation of ten public sector banks (PSBs) into four mega state-owned lenders (Mint )

Mega bank consolidation: Meeting 1 April deadline appears challenging

  • The merger of Oriental Bank of Commerce with Punjab National Bank and Andhra Bank with Union Bank of India will have similar issues, the official said
  • Last year in August, the government announced the consolidation of ten public sector banks (PSBs) into four mega state-owned lenders

Photo: Mint
New 2019 Alfa Romeo Giulia Ti Sport Q4. Photo: millermotorcars.com
New 2019 Alfa Romeo Giulia Ti Sport Q4. Photo: millermotorcars.com
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Alfa Romeo’s tasty Giulia has lovely curves, a powerful engine and an updated UX inside. So why are sales plummeting? Dan Neil explores how this immortal beauty fits into the current auto landscape

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A man crosses a bridge past a hoarding with the images of US President Donald Trump and India's Prime Minister Narendra Modi, ahead of Trump's visit, in Ahmedabad (REUTERS)
A man crosses a bridge past a hoarding with the images of US President Donald Trump and India's Prime Minister Narendra Modi, ahead of Trump's visit, in Ahmedabad (REUTERS)

From Namaste Trump to Taj Mahal visit, US Prez has a jam-packed schedule

  • Accompanied by First Lady Melania Trump, the US President will begin the nearly 36-hour-long trip with a visit to the Sabarmati Ashram in Ahmedabad at around 12:15 pm on Monday
  • This will be followed by Trump's participation at the 'Namaste Trump' event at around 1:05 pm

The BSE Sensex ended at 37,808.91, down 355.70 points, while the Nifty was at 11,354.25, down 102.65 points.aniruddha chowdhury/mint (Photo: Mint)
The BSE Sensex ended at 37,808.91, down 355.70 points, while the Nifty was at 11,354.25, down 102.65 points.aniruddha chowdhury/mint (Photo: Mint)

GDP numbers will be key to watch for cues to further market confidence

  • In the coming week, all eyes will be peeled on the Gross Domestic Product figure that will be announced on Friday
  • Trump’s visit to India will also be the highlight for the week, though the Indian markets have already discounted any hopes of a trade deal

Photo: Bloomberg
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Chinese President Xi jinping. (REUTERS)
Chinese President Xi jinping. (REUTERS)

Coronavirus is China's biggest health emergency, says Xi Jinping

  • Among the 40,127 hospitalised patients, 8,583 were still in severe condition and another 1,845 in critical condition.
  • Officials in Wuhan ordered that all patients who have recovered and discharged from hospitals be sent to designated places for two weeks of quarantine and medical observation

Police personnel deployed outside Jafrabad metro station during an ongoing protest against CAA and NRC, in New Delhi. (PTI)
Police personnel deployed outside Jafrabad metro station during an ongoing protest against CAA and NRC, in New Delhi. (PTI)

Clashes break out at anti-CAA protest in Jaffrabad

  • Police fired tear gas shells as members of the two groups pelted stones at each other in Maujpur
  • There was heavy security deployment in the area

POS machines are used by merchants to accept payments through cards among other features. Photo: Priyanka Parashar/Mint
POS machines are used by merchants to accept payments through cards among other features. Photo: Priyanka Parashar/Mint

Pine Labs plans to deploy 1.5 lakh Android POS devices by next fiscal

  • The company, which had launched Plutus Smart (its Android-based point of sale machines) about nine months ago, has already deployed over 50,000 of these POS terminals
  • The company plans to considerably scale up its Android POS network in 2020-21 to 1.5 lakh machines

For Trump's visit, a three-layer security arrangement will be in place at the five-star property.
For Trump's visit, a three-layer security arrangement will be in place at the five-star property.

ITC hotel's uber-luxurious suite to host Donald Trump in Delhi

  • The two-bedroom Grand Presidential Suite, known as 'Chanakya', has hosted several heads of states including former US presidents Jimmy Carter, Bill Clinton and George W Bush
  • The suite also has the facility of a microbiological laboratory for food testing

A confirmed coronavirus patient is wheeled to a hospital at Chuncheon, South Korea, February 22, 2020. (Photo: Reuters)
A confirmed coronavirus patient is wheeled to a hospital at Chuncheon, South Korea, February 22, 2020. (Photo: Reuters)

Coronavirus LIVE: Fear of global outbreak as S Korea, Italy face spike in cases

  • The death toll from the coronavirus outbreak in China has climbed to 2,442 as 79 more died of the deadly infection Saturday, while the overall confirmed cases almost neared to 80,000
  • Global outbreak fear worries world health authorities as the deadly virus spread to 28 countries. 1,500 cases have been confirmed outside China, multiple infections in the US, Italy, Iran, UAE and 1 in Egypt

Ahmedabad: Children wearing PM Narendra Modi and US President Donald Trump's mask participate in an amusement ride in a water and amusement park on the eve of 'Namaste Trump' event, in Ahmedabad, Sunday, Feb. 23, 2020. (PTI Photo/Vijay Verma)(PTI2_23_2020_000139B) (PTI)
Ahmedabad: Children wearing PM Narendra Modi and US President Donald Trump's mask participate in an amusement ride in a water and amusement park on the eve of 'Namaste Trump' event, in Ahmedabad, Sunday, Feb. 23, 2020. (PTI Photo/Vijay Verma)(PTI2_23_2020_000139B) (PTI)

GenZ asks tough questions on Namaste Trump mega event

  • The ‘Namaste Trump’ mega event seems to have failed to generate much enthusiasm among the students
  • Students say the event and the roadshow seem like a public relation exercise and a payback to the Howdy Modi event held in Houston last year

A bus transports British passengers after they left the coronavirus-hit cruise ship Diamond Princess at the Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan.  (REUTERS)
A bus transports British passengers after they left the coronavirus-hit cruise ship Diamond Princess at the Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan. (REUTERS)

Third death from Japan cruise ship as new cases raise quarantine doubts

  • Japan has been criticised in the face of mounting evidence that the quarantine imposed on the Diamond Princess did little to stop the virus spreading
  • Still left on the ship are some travellers waiting for charter flights home and roughly 1,000 crew

Over 1.55 crore FASTags have been issued through multiple Point of Sale (PoS) locations.. Photo: HT
Over 1.55 crore FASTags have been issued through multiple Point of Sale (PoS) locations.. Photo: HT

NHAI collects 20 cr from 18 lakh defaulters entering FASTag lanes

  • The Ministry of Road Transport and Highways had said that double toll charge would be collected from the vehicles entering FASTag lanes without the tag
  • RFID based FASTag, an electronic toll collection system implemented by the NHAI, has proved to be instrumental in easing the lives of commuters on national highways within two months of its nationwide implementation

RBI governor Shaktikanta Das. (Photo: PTI)
Ahmedabad: Police personnel keep vigil at Sardar Patel Stadium, commonly known as Motera Stadium, which will host 'Namaste Trump' event during US President Donald Trump's maiden visit to India, in Ahmedabad,  (Photo: PTI)
Ahmedabad: Police personnel keep vigil at Sardar Patel Stadium, commonly known as Motera Stadium, which will host 'Namaste Trump' event during US President Donald Trump's maiden visit to India, in Ahmedabad, (Photo: PTI)

Namaste Trump: Walk-up from Motera stadium

  • The Motera stadium is the biggest cricket ground which will be inaugurated jointly by President Trump and PM Modi
  • The 'Namaste Trump' event will see Indian businessman, celebrities in attendance.

The company provides communication services to more than 30 public and private banks in India, according to its website
The company provides communication services to more than 30 public and private banks in India, according to its website

Banks may face network disruptions as service provider Hughes fears closure

  • Hughes' India unit provides services to defence, education and banking sectors in the country and the closure could disrupt connectivity at over 70,000 banking locations, many critical defence satellite networks and railways
  • Hughes told Indian govt in a letter dated Feb. 20 that it faces bankruptcy as it can't pay the 600 crore it owes

A man applies finishing touches to paintings of US President Donald Trump and India's Prime Minister Narendra Modi on a wall as part of a beautification along a route that Trump and Modi will be taking during Trump's upcoming visit, in Ahmedabad (REUTERS)
A man applies finishing touches to paintings of US President Donald Trump and India's Prime Minister Narendra Modi on a wall as part of a beautification along a route that Trump and Modi will be taking during Trump's upcoming visit, in Ahmedabad (REUTERS)

Narendra Modi, Donald Trump focus on big crowds, sidestepping differences

Donald Trump says the PM Modi has promised that millions of people will line 22 kilometers of roads between the airport and a new, 110,000-seat cricket stadium where both leaders will speak

The bank is facing operational curbs under the Reserve Bank's (RBI) prompt corrective action (PCA) framework.  (Photo: Pradeep Gaur/Mint)
The bank is facing operational curbs under the Reserve Bank's (RBI) prompt corrective action (PCA) framework. (Photo: Pradeep Gaur/Mint)

Central Bank of India plans to exit housing finance subsidiary

  • Central Bank of India holds 64.40% in the unlisted housing finance company, while the remaining stake is held by HUDCO, UTI and NHB
  • The lender has floated a request for proposal (RFP) for appointing merchant bankers

The Duranto Express via New Delhi will run four days a week. (Ramesh Pathania/Mint)
The Duranto Express via New Delhi will run four days a week. (Ramesh Pathania/Mint)

Bikaner-Sealdah Duranto Express launch on Monday

  • Train no. 12260 will start from Bikaner at 12.15 pm and reach Sealdah at 12.45 pm the next day, whereas train no. 12259 will leave Sealdah at 6.30 pm and reach Bikaner at 7.15 pm the next day
  • The Duranto Express via New Delhi will run four days a week

Photo: Mint
Photo: Mint

US surpasses China to become India's top trading partner

  • During Apr-Dec 2019-20, the bilateral trade between the US and India stood at $68 billion as against $64.96 billion with China in the same period
  • In 2018-19, India has a trade surplus of $16.85 billion with the US, while it has a deficit of $53.56 billion with China

Poster put up showing a picture of US President Donald Trump and Prime Minister Narendra Modi, ahead of Trump's two-day visit to India, in Ahmedabad. (Photo: ANI) (ANI )
Poster put up showing a picture of US President Donald Trump and Prime Minister Narendra Modi, ahead of Trump's two-day visit to India, in Ahmedabad. (Photo: ANI) (ANI )

Of Namaste Trump and Amdavad's Circus Maximus

  • It's like a show that Ahmedabad has never seen before
  • There are mixed feelings about the three-hour mega show

India and the US, despite their robust diplomatic ties, have quibbled on trade over the years and across administrations. Photo: Mint
India and the US, despite their robust diplomatic ties, have quibbled on trade over the years and across administrations. Photo: Mint

Why India-US trade deal remains elusive

  • India has increased buying crude oil and civilian aircraft from the US in recent times
  • US fixation over tariffs, e-commerce curbs, data protection bill have put India in a spot

Workers carry a hoarding with pictures of the US President Donald Trump and India's Prime Minister Narendra Modi. (PTI)
A student paints on a canva faces of US President Donald Trump (L) and his wife Melania, in the street in Mumbai on February 21, 2020, ahead of the visit of US President in India.
A student paints on a canva faces of US President Donald Trump (L) and his wife Melania, in the street in Mumbai on February 21, 2020, ahead of the visit of US President in India.

Donald Trump, first lady Melania to spend an hour at Taj Mahal

  • Donald Trump's plane will land in Agra at 4.45pm on Monday where he will be greeted by UP chief minister Yogi Adityanath and governor Anandiben Patel
  • Trumps will also sit at one of the marble benches installed in 1908 by Lord Curzon also known as Diana bench

The Saraniyavaas slum is on the road connecting Sardar Vallabhbhai Patel International Airport to Indira Bridge
A file photo of Prime Minister Narendra Modi. (ANI Photo)
A file photo of the New Delhi airport. Photo: Pradeep Gaur/Mint
During the week, the BSE Sensex fell 86.62 points or 0.21%. Markets were closed on Friday on account of Mahashivratri (Photo: Mint)
During the week, the BSE Sensex fell 86.62 points or 0.21%. Markets were closed on Friday on account of Mahashivratri (Photo: Mint)

Six of top-10 Indian firms lose 29,487 cr in m-cap, Bharti Airtel worst hit

  • Bharti Airtel's market valuation tumbled 10,692.9 crore to reach 2,97,600.65 crore
  • TCS, HDFC, HUL, HDFC Bank and RIL were the other bluechip firms which witnessed a drop in their market capitalisation for the week ended Thursday

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The new norms will ensure cleaner technology but the cost of high filtration process and more sophisticated engines will percolate to new car buyers (Abhijit Bhatlekar/Mint)
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