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India makes sustained outreach to US universities for knowledge partnership

India, which sends the largest number of STEM students to the United States, is making a sustained outreach with American universities to build knowledge partnerships.
As part of this effort to build knowledge partnerships, India s ambassador to the US Taranjt Singh Sandhu has intensified interactions with US universities.
With over 200,000 Indian students in the US, and most of them in the STEM areas, collaboration in higher education, is an area of exciting possibilities. There are opportunities for student exchanges; online education; university-to-university collaborations. We hope that with its strong focus on India, UNC will take the lead in this area, said Sandhu in his address to the University of North Carolina at Chapel Hill during one such interaction. ....

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Quick Wrap: Nifty PSU Bank Index falls 9.26%, NIFTY Crashes 3.53%

Nifty PSU Bank index closed down 9.26% at 1988.3 today. The index has slipped 14.00% over last one month. Among the constituents, Indian Bank dropped 11.27%, Canara Bank shed 11.13% and Bank of Baroda fell 10.68%.
The Nifty PSU Bank index has soared 53.00% over last one year compared to the 57.06% increase in benchmark Nifty 50 index. In other indices, Nifty Media index has dropped 8.10% and Nifty Realty index is down 7.50% on the day. In broad markets, the Nifty 50 has dropped 3.53% to close at 14310.8 while the SENSEX has slid 3.44% to close at 47883.38 today.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

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SBI collects Rs 300 cr from zero balance accounts in 5 years: Study

Read more about SBI collects Rs 300 cr from zero balance accounts in 5 years: Study on Business Standard. Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided ....

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Govt's move to inject Rs 14,500 cr in 4 PSBs won't raise tangible equity

Read more about Govt s move to inject Rs 14,500 cr in 4 PSBs won t raise tangible equity on Business Standard. According to Ind-Ra, these securities would be factored at par value rather than at the discounted value in the banks balance sheet. ....

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Nifty slips below 14,700; breadth remains strong

The benchmark indices sharply pared gains in afternoon trade as selling emerged at higher levels. At 13:20 IST, the barometer index, the S&P BSE Sensex, fell 4.97 points or 0.01% at 49,154.35. The Nifty 50 index rose 24.35 points or 0.17% at 14,662.15.
Asian Paints (up 3.62%), HDFC (up 0.92%) and Hindustan Unilever (up 1.12%) supported the indices.
The broader market traded higher. The S&P BSE Mid-Cap index rose 0.94%. The S&P BSE Small-Cap index added 0.71%.
Buyers outnumbered sellers. On the BSE, 1,666 shares rose and 1,090 shares fell. A total of 166 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 13,18,28,728 with 28,61,100 deaths. India reported 7,88,223 active cases of COVID-19 infection and 1,65,547 deaths while 1,17,32,279 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India. ....

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