Daily News

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Canada’s biggest public pension fund to step up investment in India

Canada Pension Plan Investment Board (CPPIB), which manages Canada’s national pension fund, sees India as its main focus for investment in Asia & has invested nearly C$7 billion ($5.30 billion) in India since entering the market a decade ago.

Did you Know

CPPIB currently owns shares in ITC Ltd., HUL & BIL

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Axis MF looks to raise ₹1,500 crore

Axis Mutual Fund is looking to raise about ₹1,500 crore through the new fund offer (NFO) of Axis Equity Hybrid Fund. The fund will invest between 65 and 80% in equity and equity-related instruments, and the rest in debt and money market instruments.

Did you Know

Axis MF’s MD and CEO: Chandresh Kumar Nigam

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Ayushman Bharat to cost Rs 5k cr this year

Health insurance scheme Ayushman Bharat- National Health Protection Mission (AB-NHPM) may cost exchequer around Rs 5,000 crore this year because of the time taken to rollout. Scheme will cost Rs 10,000 crore when its rolled out across India next year.

Did you Know

AB-NHPM aims to provide cover of Rs 5 lakh per family per year.

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Allcargo eyes Chennai for new logistics park

Allcargo Logistics Ltd. to set up a warehousing-cum-logistics park in Chennai. Deal would be finalised over the next 6 months. The total cost is pegged at ₹150 crore. The container freight station at Chennai handles about 10% of the company’s import volume

Did you Know

Allcargo Headquarter: Mumbai
Founder: Shashi Kiran Shetty

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Volkswagen to set up design centre in Pune

German auto major Volkswagen (VW) Group is planning to expand production capacity and set up a design centre in Chakan near Pune. VW would be investing ₹8,000 crore, in phases, in the design centre, development of new models and other activities.

Did you Know

Volkswagen CEO: Herbert Diess Hq: Wolfsburg, Germany

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Rajnath to launch SPC programme

Home Ministry has asked schools to start a project on tolerance, moral values, patience and ethics. Programme designed for students of Class VIII & IX, is aimed at making them better citizens. Rajnath Singh will launch Student Police Cadet (SPC) programme.

Did you Know

Programme launched nationally from Tau Devi Lal Stadium Gurgaon

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Cryptocurrencies will boost illegal transactions: RBI to SC

RBI said dealing in cryptocurrency encourage illegal transactions. Cryptocurrencies - stateless digital currency in which encryption techniques are used for trading & these currencies operate independently.

Did you Know


RBI Governor: Urjit Patel
Headquarters: Mumbai

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PM to visit three African nations

India will sign a defence framework agreement with Rwanda during PM’s visit to Kigali as a part of his 5-day tour to Uganda & S. Africa to attend the annual BRICS summit, from July 23-27. PM is also expected to gift 200 cows to a model village in Rweru.

Did you Know

Jim O’Neill Chief Economist- Goldman Sachs coined acronym BRICS

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West Bengal to join Modicare, sign MoU with Centre soon

West Bengal has finally decided to come on board PMs pet project Ayushman Bharat - National Health Protection Mission (AB-NHPM). West Bengal will be the 26th state to join AB-NHPM popularly called as Modicare.

Did you Know

WB- health insurance scheme called Swasthya Sathi (2016)

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Sri Lanka’s Galle stadium faces demolition for violating heritage laws

Galle stadium could be demolished because its pavilion stand violates heritage laws protecting a 17th century Dutch fort. Fort risks losing UNESCO World Heritage status because of unauthorised construction. Galle pavilion was built in 2008.

Did you Know


Dutch fort was initially built by the Portuguese in 1505