India signed an agreement with Saudi Arabia to launch RuPay card in the country, making it the 3rd nation in the West Asia to initiate India's digital payment system. India has already launched the RuPay card in the UAE, Bahrain, Singapore & Bhutan.
RuPay card was first launched in India in 2012.
Ride-hailing company Ola is set to unveil a connected car project in partnership with Microsoft Corp., which will invest around $200 million in Ola’s parent-ANI Technologies. Microsoft will acquire around 4.5% in ANI Technologies as part of the deal.
Project aims to connect cars with Internet of Things sensors.
Sri Lankan Cabinet has approved the MCC grant of 480 million US dollars from the US Govt. MCC consists of grant funds for traffic management in Colombo, road construction island-wide & land administration improvements covering the whole country.
MCC-Millennium Challenge Corporation.
India & Saudi Arabia have agreed to establish a Strategic Partnership Council, resolved to strengthen cooperation in combating terrorist operations and signed 12 MoUs in various areas. Modi & Saudi Crown Prince Mohammad Bin Salman signed the agreement.
Agreement was signed at the Saudi capital city-Riyadh.
Three Indian-origin CEOs have featured in 'The Best-Performing CEOs in the World, 2019' published by Harvard Business Review. Adobe CEO Shantanu Narayen(6th), MasterCard CEO Ajay Banga (7th) & Microsoft chief Satya Nadella (9th) featured in the list.
American company NVIDIA's CEO Jensen Huang topped the list.
Indian Institute of Management Calcutta has secured the 17th rank globally in the 'Financial Times master’s in management Rankings 2019'. University of St Gallen, Switzerland & HEC Paris, France secured the first & second ranks respectively.
London Business School secured the third position.
DMG Mori has decided to restart the collaboration with the machinery manufacturing major Lakshmi Machine Works for the manufacture of CMX 600 Vi vertical machining centre at the latter’s facility at Arasur. It would be marketed under DMG Mori brand.
LMW is based on Coimbatore, Tamil Nadu.
Avrexsee Enterprises has announced a JV with Selom Aviation Ltd to launch managed services for airline operators, aircraft leasing companies & MROs. JV will offer Civil Aircraft Asset Management Solution to help aircraft owners to trim the process time.
Maintenance, Repair & Overhaul-referred by the acronym MRO.
Railways have implemented a new OTP based refund system for tickets booked through authorised IRCTC ticketing agents. Its aim is to bring a transparent & customer-friendly refund system wherein the passenger will come to know about the exact refund amount.
OTP will be received as an SMS on the registered mobile number.
Researchers at the IIIT Hyderabad have created the 1st ever Indian Brain Atlas. The next step is to prepare atlases for different age groups to study age related effects on brain anatomy. The average brain size of an Indian was smaller in comparison.
First digital human brain atlas has been created on 1933.
RBI imposed a penalty of ₹1 crore on Bandhan Bank for failing to meet its promoter holding norms. According to RBI’s new bank licensing guidelines Bandhan Financial Holdings Ltd, had to cut its stake from 82% to 40% within 3 years of commencing business.
Bandhan bank headquarters- Kolkata.
Ek Bharat, Shreshtha Bharat programme has brought in the states of Nagaland & MP as one to celebrate the spirit of national integration through the structured engagement b/w the states. Directorate of Higher Education of Govt-Nagaland is the nodal dept.
Aims at creating cultural connection b/w citizens.