Daily News

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ADB Launches $5 Billion Healthy Oceans Action Plan

At the 52nd Annual Meeting of ADB’s Board of Governors in Fiji. The Asian Development Bank (ADB) launched the Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region.

Did you Know

ADB will also launch the Oceans Financing Initiative.

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India to attend G-7 meet in France

India will be attending the Group of 7 industrialised nations meet organised by France in Biarritz in August along with Australia, Chile and South Africa, in a sign of the recognition of India’s growing economic heft in the international arena.

Did you Know

Manmohan Singh attended- G-8 +5 meet in Gleneagles,Scotland,2005

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Paytm President Bhushan Patil quits

Paytm, India’s mobile payment and commerce platform’s President, Bhushan Patil, has quit the company. He joined Paytm in March 2016 after serving five years at the Chinese company Alibaba.com.

Did you Know

e-bay is preparing to make investment in Paytm Mall.

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RBI imposes fines on PPIs for violating norms

Reserve Bank of India imposed penalties on five prepaid payment instrument (PPI) issuers i.e. Vodafone m-pesa, PhonePe, Western Union Financial Services Inc, MoneyGram Payment Systems & Y-Cash Software Solutions for violation of regulatory norms.

Did you Know

RBI Governor- Shaktikant Das.

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India, Australia agree to further deepen counter-terrorism co-operation

India and Australia agreed to further deepen counter-terrorism co-operation through regular exchange of information and sharing of best practices on countering extremism and radicalization.

Did you Know

Scott Morrison- Prime Minister, Australia.

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World Laughter Day observed worldwide

World Laughter Day is observed on the first Sunday of May of every year. In 2019 , it is being celebrated on May 5.The day began considering how positive and powerful emotion can change people and in fact the world.

Did you Know

The first Laughter Day was celebrated on May 10,1998, in Mumbai

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Disney to sell Fox regional sports networks to Sinclair for $9.6 billion

Walt Disney Co is set to sell its interests in 21 regional sports networks and Fox College Sports to Sinclair Broadcast Group Inc for $9.6 billion. It excludes the New York Yankees team’s regional sports network, Yes.

Did you Know

Sinclair is the largest U.S. broadcast station owner.

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Bank of Baroda hikes lending rate by 0.05%

Bank of Baroda (BoB) hiked its marginal cost of funds-based lending rate (MCLR) by 0.05 per cent with effect from May 7. Rate for six-month tenor has been hiked to 8.65 per cent and one-year tenor to 8.70 per cent.

Did you Know

BOB Headquarters- Alkapuri, Vadodara.

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SpaceX launches Falcon 9 rocket with Dragon spacecraft

Elon Musk’s Space Exploration Technologies Corp. launched its 17th commercial resupply mission to the International Space Station for longtime customer NASA. SpaceX will attempt to recover Falcon 9’s first stage on a droneship in the Atlantic Ocean.

Did you Know

SpaceX set a record last year with 21 launches for customers.

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Facebook building Cryptocurrency-based Payments System

Facebook Inc. is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network. It is also working to tie online purchases more closely to ads.

Did you Know

In 2014 Facebook hired PayPal Holdings President David Marcus.