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FIIs net sell over ₹6,600 cr in F&O on Tuesday; what's worrying them now?
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India.com
22 minutes ago
- India.com
List of 10 largest banks in the world released, China dominates with top 4 positions followed by..., India is...
New Delhi: China is the second largest economy in the world. But if we look at the list of the 10 largest banks in the world in terms of assets, then China dominates it. China has four banks at the top of this list. The total assets of these four banks are around 23 trillion dollars. America and France have 2 banks each in the top 10 list, while Japan and Britain have one bank each. India's banks SBI and HDFC Bank are far behind in this list. Which are the 10 largest banks in the world by assets? Here is the list of 10 largest banks in the world by assets, top 4 are from China. According to Bloomberg, China's Industrial and Commercial Bank of China (ICBC) is at the top of this list with assets of 6.7 trillion dollars. It is the largest of the 'big four' banks in China, and the largest bank in the world by total assets. The Agricultural Bank of China (ABC), also known as AgBank, is one of the 'big four' banks in China, and the second largest bank in the world by total assets of $5.9 trillion. The China Construction Bank Corporation (CCB), headquartered in Beijing, is one of the 'big four' banks in China, and is the third largest bank in the world by total assets of $5.6 trillion. The Bank of China is one of the 'big four' banks in China. It is at number four in this list with the total assets of $4.8 trillion. In this way, there are four Chinese banks at the top four positions in the list of world's banks whose total assets are around $23 trillion which is more than China's GDP ($19.23 trillion). The total assets of these four Chinese banks are around $23 trillion which is more than China's GDP, which is about $20 trillion. Which are the other countries? In this list, America's JP Morgan Chase is at number five with assets of $4 trillion. Bank of America is at number six with assets of $3.3 trillion. Britain's bank HSBC is at number seven with assets of $3 trillion. France's BNP Paribas with $2.8 trillion and Credit Agricole Group with $2.7 trillion are at number eight and nine. Japan's Mitsubishi UFJ Financial Group is at number ten with $2.6 trillion. Where does India rank? India's largest public sector bank SBI ($547 billion) and HDFC Bank ($494 billion) are among the top 100. India's largest public sector bank State Bank of India (SBI) has total assets of $547 billion and HDFC Bank has assets of $494 billion. Both these Indian banks have made it to the top 100.
India Gazette
37 minutes ago
- India Gazette
"Indians in Dubai have carved a unique identity": MP CM Yadav
Dubai [UAE], July 13 (ANI): Madhya Pradesh Chief Minister Mohan Yadav congratulated Indians working in Dubai for strengthening the relations between both countries. He is in the UAE to meet investors, entrepreneurs, and experts and to introduce them to the possibilities of Madhya Pradesh, under the 'Global Dialogue 2025'. The Indian diaspora in Dubai welcomed Yadav on Sunday upon his arrival at Dubai. In a post on X, he said, 'Indians in Dubai have carved a unique identity through their hard work, culture, and values. Today, during my UAE visit, meeting Indian brothers, sisters, and youth at the Taj Hotel in Dubai has filled my heart with joy. Heartfelt gratitude for all your warmth!' As part of MP Global Dialogue 2025, Yadav received a warm welcome in Dubai from the Indian diaspora, including Jitendra Vaidya, President IPF UAE and was greeted by Satish Kumar Sivan, Consul General of India to Dubai marking the beginning of his UAE visit to promote investment in Madhya Pradesh. CM Yadav is in Dubai for Global Dialogue 2025. In a post on X, the Chief Minister's Office said, 'Under the 'Global Dialogue 2025,' with the aim of promoting investment in Madhya Pradesh, Chief Minister Dr. Mohan Yadav was warmly welcomed and felicitated upon his arrival in Dubai today during his UAE visit.' official visit to Dubai in the UAE and to Spain is scheduled from July 13 to July 19. The aim of his visit is to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities. In Dubai, he will meet several well-known people to tell them about the strengths of Madhya Pradesh. He will speak about investment, education, and building strong cultural ties between Madhya Pradesh and Dubai. He will also meet members of the Indian community living there. During his visit, Yadav will also visit a temple in Dubai whose foundation stone was laid by Prime Minister Narendra Modi. Apart from this, he will also hold the first international roadshow in Dubai. (ANI)
India Gazette
37 minutes ago
- India Gazette
Government relaxes FGD mandate for thermal power plants, energy cost may come down by 25-30 paisa/kWh
New Delhi [India], July 13 (ANI): The Ministry of Environment, Forest and Climate Change (MoEF&CC) has revised India's 2015 emission norms for thermal power plants that asked for mandatory installation of flue gas desulphurisation (FGD) systems. The decision is likely to benefit about 79 per cent of the thermal plants of India. Industry experts asserted that new norms are likely to reduce power generation cost of thermal power plants by 25 to 30 paisa per kilowatt hour (Kwh), benefitting consumers. After the revision FGDs will now be mandatory only for coal-fired based plants within 10 kms of cities with population of over 1 million, or plants in critically polluted or non-attainment areas or plants using high-sulphur imported coal. FGD is a system that removes sulphur dioxide (SO) from the smoke released by coal-fired power plants. Experts say while FGD is effective in high-sulphur conditions, the system is expensive, water-intensive and adds carbon dioxide emissions during installation and operation. It is useful where high sulphur coal are used for plants, or where there is high ambient sulphur dioxide levels or dense urban proximity. The decision of the government follows independent assessment by three Indian research institutes - reportedly IIT Delhi, CSIR-NEERI and National Institute of Advanced Studies (NIAS) -- who noted that even in areas without FGDs, ambient sulphur dioxide levels are well within national standards. Additionally, full-scale retrofitting of FGDs are projected to increase carbon dioxide emissions, largely due to added limestone mining and auxiliary energy use. Environmentalists however argue that such relaxation risks delaying clean air goals. But government sources say that the new framework targets pollution where it matters most. Developing economy like India who still rely on over 80 per cent of its power demand on thermal plants, it serves a practical template. The new guideline is aligned to best global practices, even the US, the EU, and China have moved to targeted FGD deployment, not blanket mandates. (ANI)
