India's current account deficit (CAD) is expected to almost double in the current financial year FY26 to 1.2 per cent of gross domestic product (GDP), compared with 0.6 per cent in FY25, amid rising trade and geopolitical tensions, according to a report by Union Bank of India.
The empowerment of farmers and the rural economy should be a priority of India's banking sector, President Droupadi Murmu said while addressing the 120th foundation day celebrations of City Union Bank at Chennai, Tamil Nadu, on Tuesday.
On September 2, the President will grace the 120th foundation day celebrations of City Union Bank at Chennai, Tamil Nadu. On September 3, the President will grace the 10th convocation ceremony of the Central University of Tamil Nadu at Thiruvarur.
Union Minister Piyush Goyal on Sunday said that India's strong economic performance has once again disproved the "negative thinking" of Leader of Opposition in Lok Sabha Rahul Gandhi, asserting that the country is on course to emerge as the world's third-largest economy by 2027.
Manimekhalai made history in June 2022 by becoming the first woman to head Union Bank of India since its inception in 1919. At the time, she was the only woman leading a public sector bank in the country. She took charge during a critical period, following the complex merger with Andhra Bank
India's GDP for the first quarter of financial year 2026 is expected to clock a growth rate of 7 per cent, up from 6.5 per cent in the first quarter of Financial year 2025 (Q1 FY25), according to a report by Union Bank of India (UBI).
The latest minutes of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting in August have showed divide between the RBI leadership and government-nominated members over the growth outlook of the Indian economy, according to a report by Union Bank of India.
Consumer durables companies faced a tough first quarter of FY26 as weak demand for summer products weighed heavily on sales, according to a Union Bank of India Research report. The early onset of monsoon cut short the summer season, hitting the demand for cooling appliances like room air con
With about 60 per cent of semiconductor output by the Asia-Pacific region, which continues to dominate global production, India is fast emerging as a key player. The country's semiconductor market, valued at USD 34.3 billion in 2023, is expected to triple to USD 100.2 billion by 2032, regist
India's current account deficit is expected to nearly double in the Financial Year 2026, rising to 1.2 per cent of GDP from 0.6 per cent in FY25, Union Bank of India said in a report.
Wholesale inflation in India likely fell to a near two-year low in July 2025, driven by a sharp drop in food and fuel prices, according to a report by Union Bank of India.