Housing Development Finance Corporation (HDFC) became the 5th company to cross Rs 4 lakh crore in market capitalisation. Reliance Industries retained its top slot with a market cap of Rs 9.93 lakh crore followed by TCS,HDFC Bank and Hindustan Unilever.
HDB Financial Services is to launch its IPO by end of 2019-20.
India's economy is expected to grow at 4.3% in Q4 of 2019 amid concerns over crisis in the NBFC sector, according to Nomura. It expects 4.9% GDP growth in 2019, down from an earlier estimate of 5.3%, and 5.5% in 2020 against an earlier projection of 6.3%.
In 2021, it sees India's economic growth at 6.5 percent.
A Contract was signed with M/sJSC NAC Kazatomprom, Kazakhstan for the procurement of 5000 MT of Uranium Ore Concentrate spread over a period of 5 years at an indicative total cost of Rs.3156 crore, with an option to procure additional quantity of 500 MT.
500 MT per year of UOC is procured for four years from 2016.
2nd India-US 2 Plus 2 Ministerial Dialogue will be held in Washington DC on December 18. Defence Minister Rajnath Singh & External Affairs Minister S Jaishankar will lead the Indian delegation. Both sides will exchange views on regional & global issues.
India-US 2 plus 2 Ministerial Dialogue was initiated in 2018.
World’s 1st liquefied hydrogen carrier made its official debut in Japan-a step toward tapping the carbon-free energy potential of the lightest element. It will be used for technology demonstration to establish an international hydrogen energy supply chain.
Kawasaki Heavy Industries is the manufacturer.
Kingdom of Saudi Arabia will host its 1st ever golf tournament for women in March 2020 in Jeddah, with 108 professionals set to participate. The Ladies European Tour (LET) event will be staged in collaboration with Golf Saudi and the Saudi Golf Federation.
Saudi Arabia Capital -Riyadh, Currency-Riyal.
Govt decided to sell its entire 100% stake in Air India under the proposed disinvestment process. Airports Authority of India has embarked upon a capital investment of over 25,000 Cr in next 5 yrs for the up gradation & modernisation of various airports.
Civil Aviation Minister- Hardeep Singh Puri.
India Design Council launched CDI & Design Education Quality Mark in New Delhi. It will help to address the 5 challenges of scale, quality of design, quality of education for design, raising the priority for design in industry & design for public purpose.
CDI-Chartered Designs of India.
The cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC) to remove difficulties being faced during insolvency resolution process. It also lowered the rating threshold for public sector banks to purchase high-rated pooled assets to BBB+.
Cabinet lowered the limit to BBB+ from AA.
The Inner Line Permit (ILP) regime has been extended to Manipur. President Ram Nath Kovind signed an order in this regard. Manipur is the fourth state after Arunachal Pradesh, Nagaland and Mizoram where the ILP regime has been made applicable earlier.
To visit ILP-regime states, outsiders need to take permission.
The govt of India has deployed Indian National Trust for Art and Cultural Heritage (INTACH) to provide consultancy services for Post-Earthquake reconstruction of 11 Cultural Heritage sites in Nepal. INTACH will work with Nepal's Department of Archeology.
Indian Ambassador to Nepal- Manjeev Singh Puri.
To prevent food wastage, FSSAI and NASSCOM Foundation have joined hands to develop an app named 'Food Donation in India' and they are also planning to set up a 24x7 helpline number to connect donors with surplus edibles to food distribution organisations.
FSSAI CEO-Pawan Agarwal, NASSCOM CEO-Ashok Pamidi.