Daily News

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MobiKwik enters wealth management with Clearfunds acquisition

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.

Did you Know

Clearfunds was founded in 2016 by Kunal Bajaj.

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SEBI eases promoter stake lock-in norm for Bandhan Bank

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.

Did you Know

SEBI- HQ- Mumbai, Chairman- Ajay Tyagi.

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#MeToo panel for sexual harassment cases

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.

Did you Know

Minister of WCD- Maneka Gandhi, Constituency- Pilibhit

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India, China launch joint programme to train Afghan diplomats

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.

Did you Know

Afghanistan: Capital- Kabul, President- Ashraf Ghani

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International Day for Disaster Reduction

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.

Did you Know

National Disaster Management Authority Chief- Prime Minister

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IMF members pledge to avoid using currencies as trade weapon

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.

Did you Know

IMF stands for International Monetary Fund. HQ- Washington DC

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'Building a Legacy'- biography of Anumolu Ramakrishna

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.

Did you Know

A Ramakrishna was posthumously awarded Padma Bhushan in 2014.

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Hindustani classical musician Annapurna Devi passes away

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.

Did you Know

She was the daughter and disciple of Allauddin Khan.

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NASA’s Chandra telescope

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.

Did you Know

Chandra telescope is observing the universe since 1999

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Lakshya Sen settles for silver medal in Badminton

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.

Did you Know

He became 2nd Indian after H S Prannoy to win the silver medal