RailTel Corporation has signed a Memorandum of Understanding (MoU) with the Centre for Development of Telematics (C-DoT) to work together in several areas to help expand telecom in the country.
RailTel works under the Ministry of Railways while the C-DoT is a research centre that operates under the Department of Telecommunications (DoT).
RailTel was incorporated on September 26, 2000.
As part of Azadi Ka Amrit Mahotsav celebrations, TESS and TERA, the first Public Data Office Aggregator (PDOA) and App Provider of Andhra Pradesh have been inaugurated under the brand name Wi-DOT.
Finance Minister Buggana Rajendranath Reddy formally inaugurated the PM-WANI (Wi-Fi Access Network Interface) Project at Uyyalawada village in Kurnool district.
SEBI has constituted a four-member high powered advisory committee on settlement orders and compounding of offences.
The committee will be chaired by Vijay C Daga.
The other members of the panel are - former law secretary in Ministry of Law & Justice, PK Malhotra; ex-Chairman of Deloitte Haskins & Sells LLP PR Ramesh and DN Raval, Partner at Raval & Raval Associates.
The panel will work as per the Settlement Proceedings Regulations, 2018.
Microsoft is shutting down its main LinkedIn service in China later this year after internet rules were tightened by Beijing.
LinkedIn will replace its localized platform in China with a new app called InJobs that has some of LinkedIn’s career-networking features but “will not include a social feed or the ability to share posts or articles.”
Microsoft bought LinkedIn in 2016.
The Reserve Bank of India (RBI) will open the fourth cohort under the Regulatory Sandbox (RS) on prevention and mitigation of financial frauds.
The central bank has so far introduced three cohorts. Six entities have successfully exited the first cohort on ‘Retail Payments’ while under the second cohort on ‘Cross Border Payments’, eight entities are undertaking tests.
The application window for the third cohort of ‘MSME Lending’ is currently open.
International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21, the global FinTech Hackathon Series of IFSCA. The first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector.
IFSCA introduced a framework for “Regulatory Sandbox” in October 2020.
Injeti Srinivas- Chairperson, IFSCA
The Reserve Bank of India (RBI) imposed a fine of Rs 1.95 crore on the Standard Chartered Bank for failing to report a cyber security incident within the prescribed time period, and failure to credit the amount involved in unauthorised electronic transactions, among other reasons.
RBI also imposed Rs 1 crore penalty on State Bank of India.
A Balasubramanian, the managing director and chief executive officer of Aditya Birla Sunlife Mutual Funds, was elected as the chairman of the Association of Mutual Funds in India (AMFI).
Radhika Gupta, the MD and CEO of Edelweiss AMC, has been appointed as AMFI's vice chair.
The outgoing chairman of AMFI - Nilesh Shah.
Saurabh Nanavati was serving as the incumbent vice chairperson.
NITI Aayog in collaboration with the Indian Space Research Organisation (ISRO) has developed a comprehensive Geographic Information System (GIS) Energy Map of India with the support of energy ministries of the Government of India.
Dr K Sivan, Chairman ISRO and Secretary Department of Space, attended the launch event.
Dr Rajiv Kumar, Vice-Chairman of NITI Aayog.
Private sector lender RBL Bank is working on a new digital platform that would help scale up customer acquisition over the next few years.
Called Abacus 2.0, it would enable the bank to provide products and services to new as well as existing customers digitally.
The bank has about 40 lakh customers in branch banking and credit card as of June 30, 2021.
RBL Bank MD :- Vishwavir Ahuja
Ayushmann Khurrana has become the latest celebrity to venture into the cryptocurrency space through his association with CoinDCX’s 'Future Yahi Hai' campaign.
The CoinDCX 'Future Yahi Hai' Megadrive is directed towards addressing major questions and doubts and dispel myths when it comes to crypto investments from the perspective of young India.
CoinDCX is India’s largest cryptocurrency exchange valued at $1.1 billion.
The Indian Navy has received the 11th anti-submarine warfare aircraft P-8I from the US-based aerospace company Boeing.
The Defence Ministry had first signed a contract for eight P-8I aircraft in 2009.
Later, in 2016, it signed a contract for four additional P-8I aircraft.The Indian Navy had received the 10th P-8I aircraft in july this year .
P-18 to boost anti-submarine operations in Indian Ocean Region.
Varanasi, the PM Modi’s parliamentary constituency, will soon become the first Indian city to use ropeway services in public transportation.
The world’s third (After Bolivia and Mexico city) and India’s first public transport ropeway is proposed to be constructed from Cantt Railway Station (Varanasi Junction) to Church Square (Godauliya) to ease the traffic congestion.
This ropeway project worth Rs 424 crore.
Bharat Petroleum Corporation Limited (BPCL) - a PSU under the Ministry of Petroleum and Natural Gas has announced the launch of “UFill” - a digital customer experience which delivers on BPCL’s promise of ensuring that their customers have complete control over Time, Technology and Transparency as part of their fuelling experience.
UFill invitation to customers is - “Fast forward your fill”,