The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The effective date of the amalgamation shall be December 01, 2026. All the Indian branches of Emirates NBD Bank P.J.S.C. will function as branches of RBL Bank Limited with effect from December 01, 2026.…
The Ministry of Defence has signed contracts worth a total of approximately Rs 4,106 crore for the acquisition of a dedicated communication satellite capability, GSAT-7C for the Indian Air Force, and Varunastra Heavy Weight Torpedoes for the Indian Navy. The contract for GSAT-7C, valued at Rs 2,563 crore, was inked with New Space India Limited, Bengaluru. This indigenously designed, developed & manufactured satellite will enhance the secure, resilient & seamless communication capabilities for the assets of the…
India’s total exports (Merchandise and Services combined) for September 2026* are estimated at US$ 80.75 Billion, registering a positive growth of 10.99 percent vis-à-vis September 2025. Total imports (Merchandise and Services combined) for September 2026* are estimated at US$ 94.05 Billion, registering a growth of 8.19 percent vis-à-vis September 2025. Table 1: Trade during September 2026* September 2026 (US$ Billion) September 2025 (US$ Billion) Merchandise Exports 44.40 36.08 Imports 74.61 69.08 Services*…
Union Minister of Commerce and Industry, Shri Piyush Goyal, launched the National Strategic Trade Command Centre (NSTCC) at Vanijya Bhawan, New Delhi, in the presence of Commerce Secretary, Shri Rajesh Agrawal, and Director General, Director General of Foreign Trade (DGFT), Shri Lav Agarwal. Speaking on the occasion, Shri Piyush Goyal lauded NSTCC for enabling data-driven, evidence-based trade decisions. While reviewing the SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) dashboard, in…
Prime Minister Shri Narendra Modi inaugurated and dedicated five major development projects worth around ₹3,350 crore in Ladakh today via video conferencing. Celebrating a new chapter in the region's development through virtual participation, the Prime Minister inaugurated multiple key projects designed to ease travel, improve electricity and water access, and preserve ancient heritage. He fondly noted the enthusiasm of citizens waving the Tricolor amidst fresh snowfall in Zanskar, while extending his gratitude to…