swallowing up five smaller rivals. will the new mega bank be able to compete globally? and it is the final countdown, singapore turns of its two g wireless network this weekend, rendering old phones useless. 2g. it s a friday, everyone, good morning, asia, hello, world, thanks for watching the asia business report, i m rico hizon. does bigger mean better when it comes to financial institutions? this weekend five indian banks will begin the process of merging with the state bank of india. it s already the country s largest bank but after the merger it will be one of the largest in the world. the government hopes the move will clean up the system and get banks performing again. we ta ke and get banks performing again. we take a look. hsbc, bank of china, bnp paribas, jp morgan chase they are some of the largest banks in the world and now an indian bank will bejoining their ranks. the state bank of india, india s largest public sector bank, is merging with five subsidiaries.
Chennai-based space start-up Agnikul Cosmos today successfully carried out a su-orbital test-flight of its home-built 3D-printed semi-cryogenic rocket Agnibaan from its own launch pad at Sriharikota, making it India s second private entity to do so.