Gross GST collected in July stood at Rs 1,16,393 crore showing a revived uptrend in business activity and economy during June as states eased restrictions. The revenue for July is 33% higher than the same period last year when most of the economic activity came under the impact of Covid's first wave. Increased revenue collection has helped in containing the fiscal deficit.
World's largest star sapphire cluster has been found in Ratnapura, Srilanka. The stone is pale blue in colour. It was found by labourers while digging a well in a gem trader's home. Ratnapura is known as the gem capital of the country. The sapphire cluster weighs around 510kgs or 2.5 million carats. It has an estimated value of up to $100 million in the international market
DBS has been honoured as the global winner for Most Innovative in Digital Banking by Financial Times publication, The Banker, in its 2021 Innovation in Digital Banking Awards. The bank was also recognised as the Asia-Pacific winner, and won in the Cyber Security category for its Secure Access and Remote Working Solution. DBS is a leading financial services group in Asia.
DBS is named Asia's Best Bank & Asia's Best Digital Bank in the Euromoney Regional Awards
Indian Bank entered into a MoU with Society for Innovation and Entrepreneurship (SINE) – an initiative of Indian Institute of Technology, Bombay for extending exclusive credit facility to Start-ups and MSMEs. SINE, IIT Bombay is the forerunner in setting up joint R&D with industries and supporting start-up incubation. The Bank will extend loans of up to 50 crore to startups
Managing Director and Chief Executive Officer of Indian Bank : Padmaja Chunduru
Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list. Walmart continues to top the Fortune list with a revenue of $524 billion, followed by China's State Grid at $384 billion.With $280 billion revenue, Amazon came in at the 3rd spot. China National Petroleum was ranked 4th & Sinopec Group 5th
SBI moved up 16 places to rank 205 but Indian Oil Corporation dropped 61 places to 212th
To safeguard the interest of its customers, the State Bank of India has launched a new security feature - SIM Binding in YONO and YONO Lite. The new version of the platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite will work only on devices which have SIM or mobile numbers registered with the bank
SBI Chairman : Dinesh Kumar Khara
Hindustan Zinc Limited has signed a MOU with Normet Group Oy for sustainable operations for healthier mining & greener tomorrow by introducing a fleet of battery-powered service equipment in underground mining. In this, Hindustan Zinc aims to reduce carbon emissions, by enabling the mine operations to become environment friendly with the help of Normet SmartDrive Vehicles.
The company will employ three machines- Spraymec, Agitator and Charmec in the first phase
Glenmark Pharmaceuticals and SaNOtize Research and Development Corp announced an exclusive long term strategic partnership to manufacture, market and distribute its breakthrough Nitric Oxide Nasal Spray (NONS)in Asian markets including India, Singapore, Malaysia, Hong Kong, Taiwan, Nepal, Brunei, Cambodia, Laos, Myanmar, Sri Lanka, Timor Leste and Vietnam.
Glenn Saldanha, Chairman and MD : Glenmark Pharmaceuticals
Paytm Payments Bank(PPB) has become the first bank in the country to achieve the milestone of issuing 1cr FASTags.According to NPCI, over 3.47 crore FASTags were issued by all banks together till the end of June 2021. PPB is also India’s largest acquirer of toll plazas for the National Electronic Toll Collection program offering an interoperable nationwide toll payment soln
PPB is working closely with NHAI for testing & implementing multi-lane free-flow movement
The Bengaluru based SELCO Solar Light Private Limited has come forward to launch solar beds for people with spinal cord injury. It has donated two such beds to the association of People with Disability under the guidance of Belthangady based Seva Bharati. SELCO solar company has joined hands with Seva Bharati to come to the rescue of people suffering from spinal cord injury
Odisha capital Bhubaneswar has become the first city in India to achieve hundred percent vaccination of its people against covid-19. Additionally, about one lakh migrant workers have also been administered the first dose of covid vaccine in the capital city. Those vaccinated include about 9 lakh people of 18 years of age and above
Puri is the first city to supply 24/7 drinking water
Mini Ipe took charge as managing director of Life Insurance Corporation of India. Ipe is a post-graduate in commerce and joined LIC in 1986 as a direct recruit officer. LIC is India's 2nd-largest financial services institution with a Rs 31 lakh crore balance sheet, next to the country's largest bank, State Bank of India (SBI),with assets of Rs 39.51 lakh crore
Mini Ipe was the first woman zonal manager (in-charge) of LIC and headed SCZO, Hyderabad
Vice Admiral SN Ghormade assumed charge as the Vice Chief of Naval Staff at a formal ceremony held at South Block in New Delhi. He took over from Vice Admiral G Ashok Kumar who retires today after a service of 39 yrs. He is an alumnus of the NDA, Khadakwasla, Naval Staff College at the United States Naval War College, Newport, Rhode Island, and the Naval War College, Mumbai
He was awarded the Ati Vishisht Seva Medal on 26 January, 2017 and Nausena Medal in 2007
The Indian Air Force formally inducted the second squadron of Rafale jets at West Bengal's Hasimara air base in Eastern Air Command. Hasimara is the 2nd IAF base to be equipped with Rafale aircraft. The first squadron of the Rafale jets is stationed at Ambala Air Force station. India has so far received 26 Rafale aircraft out of the 36 it has ordered from Dassault Aviation.
Rafale jets are India's 1st major acquisition of fighter planes in 23yrs after Sukhoi Jet
Under India’s Act East policy and to enhance military cooperation with friendly countries, a Task Force of Indian Navy Eastern Fleet is to proceed on an Overseas Deployment to South East Asia, South China Sea and Western Pacific.The Indian Naval task group includes Guided Missile(GM) Destroyer Ranvijay, GM Frigate Shivalik, Anti-Submarine Corvette Kadmatt & GM Corvette Kora
During this,the ships will participate in bilateral exercises like Samudra Laxmana,SIMBEX