Daily News

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European Investment Bank and SBI to step up financing of wind energy projects across India

EIB & SBI have agreed to cooperate on financing renewable energy & providing new support for wind energy projects. The promoters of wind projects will benefit from long-term low-cost financing under the EUR 600 million renewable energy financing programme.

Did you Know

EIB is headquartered in Kirchberg, Luxembourg.

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UNICEF appoints singer Nahid Afrin as first 'Youth Advocate' of north-eastern region

Nahid Afrin of Assam has been appointed as the first Youth Advocate of the north-eastern region by the UNICEF to fight for child rights. The UNICEF engages Youth Advocates to harness their voice as agents of change in society.

Did you Know

She made her playback debut in the 2016 Bollywood film Akira.

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India GDP to slow down marginally, but remain strong at 7.5% in 2019 & 2020: OECD

Organization for Economic Co-operation and Development projected that India ’s economic growth would slow down to 7.5% in 2019 & 2020. India’s GDP grew 6.7% in 2017-18. It projects GDP at market prices to grow 7.3% in 2019 & 7.4% in 2020 from 7.5% in 2018.

Did you Know

OECD is headquartered in Paris, France.

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Uber Eats signs Alia Bhatt as brand ambassador in India

Uber Eats has roped in actress Alia Bhatt as its brand ambassador in India. For Uber Eats, India will be the first country to have a brand ambassador. Uber Eats is currently present across 37 cities in India.

Did you Know

Uber Eats is a delivery platform launched by Uber in 2014.

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India second-fastest growing innovator among major Asian countries: Report

According to the "India Innovation Report" by Clarivate Analytics, India is the second-fastest growing innovator after China. India is fourth among the major Asian countries in terms of overall patent publication volume, and second in terms of growth rate.

Did you Know

Patent activity in India is growing at CAGR of 10.8%.

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ESR-Allianz Real Estate JV to invest $1 billion in India

ESR has entered into a partnership with Allianz Real Estate to invest $1 bn into India. The JV will focus on developing large-scale logistics & industrial facilities in 8 key cities-Mumbai, Pune, Chennai, Delhi, Ahmedabad, Kolkata, Bengaluru & Hyderabad.

Did you Know

The programme will be funded on a 50:50 basis by Allianz & ESR.

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Banks plan to create blockchain platform with SWIFT India to avert frauds

The banking sector is planning to create a blockchain platform with SWIFT India to prevent frauds and ensure transparency and security of real-time transactions. SWIFT India has partnered with fin-tech company MonetaGo for a pilot project.

Did you Know

MonetaGo developed a blockchain platform for TReDS.

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Govt transfers over Rs 1,600 crore to 48.5 lakh mothers under PMMVY

The govt has transferred over ₹ 1600 Cr to eligible mothers under Pradhan Mantri Matru Vandana Yojana. The programme provides a cash incentive of ₹ 5000 in 3 instalments to pregnant women & lactating mothers for the 1st child through DBT.

Did you Know

PMMVY was introduced in 2010.

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Forbes India Leadership Awards 2018: Lifetime achievement honour for Azim Premji

The chairman of Wipro Azim Premji has received the Forbes India Leadership Awards for his continued efforts at transforming the vegetable oil company into an IT behemoth. Energy Efficiency Services Limited won the award for the best public sector company.

Did you Know

Hindustan Unilever MD Sanjiv Mehta won the best CEO for MNC.

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Noted Classical Musician Ustad Imrat Khan Dies at 83

Classical music stalwart Ustad Imrat Khan, who dedicated his life to propagating the sitar & the surbahar has died in the US. He was 83. He had turned down the Padma Shri last year saying the recognition had come too late & diminished his achievements.

Did you Know

He performed at the Cannes Film Festival in 1970.