Daily News

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India extends $75 mn line of credit for solar parks in Cuba

India extended a line of credit of USD 75 mn. to Cuba for financing solar parks. As per the agreement, financing of export of eligible goods & services from India would be allowed subject to their being eligible for export under the Foreign Trade Policy.

Did you Know

Cuba is also known as the Sugar Bowl of the world.

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Govt sets up division on new and emerging strategic technologies

Indian foreign ministry has announced the setting up of a new division on New and Emerging Strategic Technologies (NEST). It will help assess foreign policy and international legal implications of emerging technology and technology-based resources.

Did you Know

Foreign minister- S Jaishankar

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Walmart India names Sameer Aggarwal as its Deputy CEO

Walmart India has elevated Sameer Aggarwal to the role of deputy chief executive officer, he would take over in the coming months the reins of Walmart’s flagship wholesale retail unit in the country from current CEO Krish Iyer.

Did you Know

Carl Douglas McMillon, president and CEO of Walmart Inc.

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HAL and Wipro 3D sign MoU for metal 3D printing adoption in aerospace

Hindustan Aeronautics Ltd (HAL) and Wipro 3D, the metal additive manufacturing business of Wipro Infrastructure Engineering, have signed a MoU to design, develop, test, manufacture, and repair of aerospace components using metal additive technology.

Did you Know

R. Madhavan, Chairman and Managing Director, HAL.

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U.S. kills top Iranian commander Qasem Soleimani

One of the Iranian regime's most powerful figures Qasem Soleimani has been killed in a U.S. airstrike near Baghdad's international airport. He was often referred to as Iran's second most powerful person, behind Ayatollah Ali Khamenei.

Did you Know

The current President of Iran is Hassan Rouhani.

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PayPal unveils Adoption Assistance Programme

Digital payments player PayPal has unveiled a new adoption assistance programme aimed at enhancing the parental support benefits for employees. It will offer financial support of upto Rs one lakh per adoption for adoptive parents.

Did you Know

Daniel H. Schulman , president and CEO of PayPal.

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Government approves 2,636 new charging stations in 62 cities: Prakash Javadekar

Acc. to UM Prakash Javadekar, govt. has given sanction for setting up 2,636 charging stations in 62 cities across 24 states & UTs under the FAME India scheme which will encourage original equipment manufacturers to launch new electric vehicle models.

Did you Know

FAME, Faster Adoption & Manufacturing of Electric Vehicles.

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HDFC Bank Receives Award for Remarkable Contribution towards Rural India

HDFC Bank has been adjudged as the winner in the 'Innovation and Inclusiveness in Priority Sector Lending' category at the '11th Inclusive Finance India Awards' in the '16th Inclusive Finance Summit' organized in New Delhi.

Did you Know

Aditya Puri, HDFC Bank's Managing Director.

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Standard health insurance product, Arogya Sanjeevani Policy announced :IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has announced a standard product with all the basic understandable features. This product is named ‘Arogya Sanjeevani Yojana’, followed by the name of the insurer.

Did you Know

This product is available to all from April 01, 2020.

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SEBI modifies rating withdrawal norms for CRAs

SEBI has tightened the noose around the corporates, saying if companies are not cooperating with credit rating agencies (CRAs) on disclosure of loan defaults, then the latter should issue INC (Issuer not cooperating) ratings.

Did you Know

Securities and Exchange Board of India (SEBI)

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NITI Aayog moots ₹22,500-crore plan for private trains on 100 routes

National Institution for Transforming India (NITI) Aayog & Indian Railways have come out with a discussion paper for running 150 trains on 100 routes by private operators, envisaging an investment of ₹22,500 crore.

Did you Know

NITI Aayog CEO Amitabh Kant

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Indian Bank sings MoU with Women Entrepreneurs Welfare Association to provide credit

Indian Bank has signed an MoU with the Women Entrepreneurs Welfare Association(WEWA), Tamil Nadu , to offer training and credit linking to women members/entrepreneurs of the association to establish businesses. WEWA aims at adding 1,000 members by 2023.

Did you Know

Padmaja Chunduru, MD and CEO, Indian Bank