Daily News

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Delhi-Lucknow Tejas Express set to be first train to be run by private operators

The Delhi-Lucknow Tejas Express will be the 1st train to be operated by pvt. players, indicating that the Railways is going ahead with its 100-day agenda of handing over operations of two of its trains to the private sector, despite protests from unions.

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The custody of the trains will be given to the IRCTC.

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Govt aims to raise ₹15,000 crore by cutting stakes in 18 PSUs to 75%: Report

India's govt. will raise up to 150 bn rupees by reducing its stake in 18 state firms to 75%, as it looks to boost revenues & rein in the fiscal deficit.Nirmala Sitharaman set a target of 1.05 trillion rupees from the sale of stakes in state-run companies.

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Chairman of SEBI - Ajay Tyagi

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Two new heavy-lift Chinook helicopters for IAF arrive in Gujarat

Boeing, announced the arrival of two new heavy-lift Chinook helicopters for the IAF at the Mundra port in Gujarat.It has been battle-tested in diverse, extreme conditions throughout the world, and can operate in a wide range of Indian conditions.

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Air-Chief Marshal – B S Dhanoa

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Fairfax-backed CSB Bank set to file for up to ₹500 crore share sale

Kerala-based private lender CSB Bank is set to file its draft IPO papers.Last year, Canadian billionaire Prem Watsa’s Fairfax acquired a 51% stake in CSB Bank for around $168 million, following the RBI’s first such approval given to a foreign firm.

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CSB - Catholic Syrian Bank

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Social audio platform Headfone raises $750K seed funding from Fosun RZ Capital

Bengaluru-based social audio platform Headfone run by Diacoustic Labs Pvt Ltd, has raised $750,000 in seed funding from Fosun RZ Capital.Headfone was founded by ex-Facebook employees Pratham Khandelwal and Yogesh Sharma.

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Headfone uses machine learning to build personalized audio feed.

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Vice President releases book titled ‘Vivekadeepini’ in ten languages

The Vice President of India, Shri M. Venkaiah Naidu has released a book titled “Vivekadeepini”. It has been released in 10 languages.It is a book that contains facts and principles of spiritual leaders like Adi Shankaracharya and Swami Vivekananda.

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It has been written by Adi Shankaracharya.

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CapitaLand completes $8 bn acquisition of Ascendas-Singbridge

CapitaLand Ltd has completed the purchase of Temasek Holdings-owned Ascendas-Singbridge Pte. Ltd.The CapitaLand Group will operate as a unified entity.CapitaLand will acquire Ascendas-Singbridge’s stakes in two of its subsidiaries.

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CapitaLand Ltd is a Singapore-based investor.

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India plans to raise $10 billion from first foreign bond sale

India plans to raise $10 bn from its 1st overseas sovereign bond because there’s huge appetite for its debt in the foreign market. The govt. would borrow in foreign currency to finance the budget deficit, a move that will ease pressure on local markets.

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Economic Affairs Secretary: Subhash Chandra Garg

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LinkedIn names Ashutosh Gupta as country manager for India

Microsoft-owned social networking site for professionals, LinkedIn, appointed Ashutosh Gupta as the new country manager for India operations.He has about two decades of experience in IT & Software Services.

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Gupta will replace Mahesh Narayanan.

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RBI board finalises ‘Utkarsh 2022’

RBI finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank.Utkarsh 2022 is in line with the global central banks’ plan to strengthen the regulatory and supervisory mechanism.

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RBI Governor: Shaktikanta Das