Daily News

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ICICI Bank launches digital banking platform ‘InstaBIZ’ for MSMEs

ICICI Bank has launched the digital platform called ‘InstaBIZ’ for MSME & self-employed customers

to enable them to undertake business banking transactions digitally & instantly. They can get instant

sanction of an overdraft facility up to ₹10 Lakh

Did you Know

Non-Executive Chairman of ICICI Bank - Girish Chandra Chaturvedi

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Israel inks USD 50 mn deal with India to supply complementary Naval MRSAM systems

Israel Aerospace Industries has inked a deal worth USD 50 million to supply complementary Naval

MRSAM systems to the Indian Navy and the Mazagon Dock Shipbuilders. The IAI would provide

complementary systems for the air defence system (ADS).

Did you Know

MRSAM – Medium Range Surface to Ait Missile

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Govt's "Find the Incredible You" campaign wins PATA award

‘Find the Incredible You’ campaign of the Tourism Ministry, has won the Pacific Asia Travel

Association Gold Award, 2019 under the ‘Marketing - Primary Government Destination’ category. It

focuses on digital, social media & promotion of tourism product

Did you Know

Minister of Tourism - Prahlad Singh Patel.

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Cabinet approves Rs 1,600 cr for Dibang Multipurpose Project in Arunachal

The Cabinet has approved ₹ 1600 Cr for Dibang Project in Arunachal Pradesh. It is a storage-based hydro-electric project with flood moderation. Also, it approved the doubling of a railway line connecting Guwahati with New Bongaigaon at a cost of ₹ 2042 Cr.

Did you Know

Arunachal Pradesh CM: Pema Khandu; Governor: B.D. Mishra

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Repco MFI wins award from Nabard for SHG linkage in TN

Repco Micro Finance has received Nabard’s award for outstanding performance in terms of self-help

group linkage in Tamil Nadu for 2018-19. It has provided SHG loans worth ₹3600 Cr to over 12 L

individual beneficiaries through 60,000 SHGs.

Did you Know

An NBFC – MFI, Repco Micro Finance is headquartered at Chennai.

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Hima Das wins gold in Tabor Athletics Meet

Indian sprinter Hima Das clinched her fourth gold in a fortnight as she won the 200m race with a creditable timing of 23.25 seconds in the Tabor Athletics Meet in Czech Republic. In men's 400m, Muhammad Anas won in 45.40 seconds.

Did you Know

Hima has a 200m personal best of 23.10 s

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HDFC Bank de-listed GDRs from Luxembourg Stock Exchange

HDFC Bank announced that it has terminated and de-listed its global depository receipts (GDRs) from the Luxembourg Stock Exchange due to low trading volume. As many as 22 GDRs have been de-listed.

Did you Know

Bandhan acquired Gruh Finance- a subsidiary of HDFC Ltd recently

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Bimal Jalan panel to recommend transfer of RBI reserve surplus

Bimal Jalan panel that was set up to review the economic capital framework of the Reserve Bank of India (RBI) has decided to recommend transfer of surplus reserves to the government in a staggered manner over 3-5 years based on a predetermined formula

Did you Know

RBI had set up Usha Thorat Panel on offshore rupee markets

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ADB cuts India's GDP growth forecast to 7% for 2019

As per Asian Development Bank's Asian Development Outlook report, India is expected to grow by 7% in 2019 (FY20) and 7.2% in 2020 (FY21), slightly slower than projected in April because the fiscal 2018 outturn fell short

Did you Know

ADB HQ: Mandaluyong, Philippines
President: Takehiko Nakao

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Saravana Bhavan founder P Rajagopal dies in Chennai

Founder of the popular South Indian food chain Saravana Bhavan, P Rajagopal recently passed away in a private hospital in Chennai.

Earlier Rajagopal had surrendered along with another accused to serve life term as accused of a murder.

Did you Know

He was nicknamed as 'Dosa King'