State Bank of Travancore will cease to exist from April 1
Curtains will be coming down on the State Bank of Travancore (SBT) from April 1, following its merger with parent State Bank of India (SBI).
Seventy two years after coming into being in Kerala SBT will cease to exist.
Besides the State Bank of Travancore, the State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Patiala and State Bank of Hyderabad will also be merged with the State Bank of India, and the assets of these banks will be transferred to the parent bank from April 1 itself.
India wins 73 medals at the Special Olympics World Winter Games
India put up a decent show at the Special Olympics World Winter Games in Austria with a total of 73 medals, which included 37 gold medals, 10 silvers and 26 bronze.
Over 100 countries took part the quadrennial event, which was held from March 14-25, with Indian athletes finishing with a satisfactory medal haul.
The Special Olympics Bharat (SOB) raked in gold medals from three team events - floor hockey, unified floorball and traditional floorball.
During the last edition of the event, in Pyongchang, South Korea, India had secured a total of 46 medals.
India to have most Muslims in world by 2050: Pew Research Center
American think tank Pew Research Centre has come up with a report that says India will be the country with the world's largest Muslim population by 2050.
Islam has the youngest median age (30) of all religious groups.
While Islam is currently the world's second-largest religion after Christianity, it is now also the fastest-growing major religion. And if current demographic trends continue, the Muslim population is expected to exceed the number of Christians by the end of this century, Pew said.
Alibaba to Invest $177 m in Paytm Mall
Alibaba is all set to invest Rs 1,180 crore ($177 million) in Paytm Mall in order to increase its holding in the company.
The Chinese conglomerate will now own more than 60% stake in Paytm E-commerce.
This will bring to a close one of the most anticipated deals in the Indian online retail industry that pits the Chinese ecommerce giant against America's Amazon and local leader Flipkart in one of the world's fastest-growing markets for digital commerce.