National Thermal Power Corporation Limited (NTPC) board has approved an investment of ₹9,785 crore for the 1,320 MW Stage-III expansion of Talcher thermal power plant situated in Angul district of Odisha. It is one of the top performing power stations.
NTPC CEO-Gurdeep Singh , Founded – 1975.
Rating agency ICRA has effected a multi-notch rating downgrade for IL&FS , which is facing liquidity pressure and overleverage. Its loans and debentures now carry “BB” (junk or non-investment status) as against the previous rating of "AA+".
IL&FS- Infrastructure Leasing & Financial Services.
Apollo Global Management has acquired global financial services major JP Morgan’s real estate fund management platform in India. The platform comprises two funds of vintage 2007 and 2014 with aggregate assets under management of about $300 million.
Apollo Global Management, HQ – New York
The global star Aishwarya Rai Bachchan received the inaugural Meryl Streep Award for Excellence at the first Women in Film and Television India Awards held in Washington DC.
Janhvi Kapoor received the WIFT Emerald Award for her earnest debut performance.
Zoya Akhtar received Wyler Award for Excellence in Direction.
In the triple jump event at the IAAF Continental Cup held in Ostrava, Czech Republic, Arpinder Singh created history by becoming the first Indian to win a medal. The IAAF Continental Cup is being competed in 37 events in men and women sections.
Recently, he won the gold medal at Asian Games in Indonesia.
According to Antrix, ISRO’s commercial arm, the Small Satellite Launch Vehicle (SSLV), being built by ISRO, will offer affordable launch options in India and help boost revenues .SSLV is meant exclusively for small satellites such as nanosats and cubesats.
S Rakesh – Antrix CMD, Founded- 1992.
As a set of relaxations to its earlier foreign fund ownership rules, a panel set up by SEBI has suggested that beneficial ownership criteria should be applicable for know-your-customer rules only and not for eligibility for foreign investors.
Securities and Exchange Board of India, HQ – Mumbai.
The 2,000-foot-long unmanned structure floating boom designed to corral plastic debris littering the Pacific Ocean deployed from San Francisco Bay as part of an ambitious undertaking. It hopes to clean half of the Great Pacific Garbage Patch.
Garbage patch- a trash between California and Hawaii.
North Korea staged a huge military parade that focussed on peace and development to mark its 70th anniversary as a nation but refrained from displaying its most advanced missiles .It featured armoured personnel carriers, multiple rocket launchers.
North Korea Capital -Pyongyang ,Currency- Won
Novak Djokovic ,31 clinched the US Open, 2018 men title by beating Juan Martin del Potro 6-3, 7-6, 6-3 to win the US Open for the third time. He took his career tally of Grand Slam titles to 14 ,equaling Pete Sampras’ career total.
Federer and Nadal have won 20 and 17 title’s respectively.
Noted Odia poet Satrughna Pandav bagged the 39th edition of the Sarala Puraskar for his work “Misra Dhrupad”. Pandeet Umesh Chandra Kar awarded Ila Panda Sangeet Samman and Binod Moharana received Ila Panda Chitrakala Samman.
Puruskar has a cash award of Rs 5 lakh along with a citation.
The Reserve Bank of India (RBI) is likely to conduct an open market operation (OMO) purchase this week to infuse liquidity into the banking system, which is further going to tighten on account of advance tax payments.
RBI HQ- Mumbai , Urjit Patel - Governor.