Digital payments company MobiKwik has acquired online mutual fund platform Clearfunds in an all-stock deal. It pivots towards a complete fin-tech company facing tough competition from market-leader Paytm, owned by One97 Communications Ltd.
Clearfunds was founded in 2016 by Kunal Bajaj.
Bandhan Bank Ltd stated the Securities and Exchange Board of India has exempted it from the one-year promoter shareholding lock-in rule. It will allow its promoter to bring down it's holding from the current 82.28% to 40% to comply with RBI norms.
SEBI- HQ- Mumbai, Chairman- Ajay Tyagi.
Women and child development ministry proposes setting up a committee with senior judicial and legal persons as members to look into all issues emanating from the #MeToo campaign. A committee will include senior judicial and legal persons as members.
Minister of WCD- Maneka Gandhi, Constituency- Pilibhit
India and China have launched their first joint programme for Afghanistan to train its diplomats. 10 Afghan Diplomats will be given necessary training in India under the Trilateral Cooperation between India, China, and Afghanistan.
Afghanistan: Capital- Kabul, President- Ashraf Ghani
International Day for Disaster Reduction is celebrated on 13th October. It is aimed to spread awareness about natural disaster and various ways to manage the crises. The natural disasters include typhoons, earthquake, cyclones, avalanche, and tsunami.
National Disaster Management Authority Chief- Prime Minister
IMF said its members had pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. US-china trade war is going on.
IMF stands for International Monetary Fund. HQ- Washington DC
Vice President M V Naidu released a biography of late Anumolu Ramakrishna, a pioneer in the application of innovative systems and construction techniques in the Indian construction sector. It is authored by city-based Chartered Accountant V P Ram.
A Ramakrishna was posthumously awarded Padma Bhushan in 2014.
Legendary musician Annapurna Devi died because of age-related issues at Breach Candy hospital in Mumbai. She was 91 years old. Annapurna Devi was an Indian surbahar player of Hindustani classical music. She was married to sitar maestro Ravi Shankar.
She was the daughter and disciple of Allauddin Khan.
Chandra telescope mission of NASA has suffered a glitch possibly due to the failure of the gyroscope. A similar incident happened to NASA’s Hubble telescope week earlier. Chandra X-Ray Observatory has entered a protective safe mode.
Chandra telescope is observing the universe since 1999
Former junior world No. 1 Lakshya Sen had to settle for the silver medal in Youth Olympics 2018 held in Buenos Aires. He suffered a 15-21, 19-21 defeat against China's Shi Feng Li in Men's Singles Badminton Final at the Youth Olympics 2018.
He became 2nd Indian after H S Prannoy to win the silver medal