The Union Cabinet has approved signing of a pact between Competition Commission of India (CCI) and Competition Commission of Mauritius (CCM). The MoU is aimed at promoting and strengthening of co-operation in competition law and policy through exchange of information, sharing of best practices and capacity building initiatives.
Mauritius Capital: Port Louis, Currency: Mauritian rupee.
Private sector Axis Bank has emerged as the highest bidder to buy Citi's consumer banking business, according to reports. The valuation could be around USD 2 billion (about ₹13,000 crore).
American banking major Citibank in April announced its plan to exit from the consumer banking business in India as part of a global strategy.
Citi had entered India in 1902 and started the consumer banking business in 1985.
Minister of State for Education, Dr. Subhas Sarkar released the Hindi translation of Tolkāppiyam and the Kannada translations of 9 books Classical Tamil literature.
Tolkappiyam is the most ancient extant Tamil grammar text and the oldest extant long work
Malayalam filmmaker KS Sethumadhavan has passed away in Chennai. Sethumadhavan received the J C Daniel Award, the highest honour in the film sector instituted by the Kerala government, in the year 2010. Besides Malayalam, he directed movies in Tamil, Telugu and Hindi.
Finance Industry Development Council (FIDC), which is a representative body of asset and loan financing NBFCs, has announced fresh appointments to its board of directors.Kamlesh Gandhi, CMD of MAS Financial Services has been appointed as Co-Chairman, FIDC in addition to Umesh Revankar, CEO and MD of Shriram Transport Finance Group.
Sanjay Chamria has resigned as the Co-Chairman and Director, FIDC
Anukrti Upadhyay has won the Sushila Devi Award 2021 for the Best Book of Fiction for her novel, Kintsugi, which was published by Fourth Estate imprint. This prize has been instituted by the Shri Ratanlal Foundation.
Mohammed Ben Sulayem has been elected as the new president of the Fédération Internationale de l'Automobile (FIA). He succeeds Jean Todt, who retires from the role after 12 years, having served the maximum three terms possible.
Prasar Bharati and Indian Council for Cultural Relations signed a MoU for promoting Indian culture. The performances of the eminent artists associated with ICCR will be telecast on the national and International Channels of Doordarshan. This MoU will be in operation for the period of three years from December 2021 till December 2024.
Prasar Bharati CEO - Shashi Shekhar Vempati
Gen. Vij’s book, The Kashmir Conundrum: The Quest for Peace in a Troubled Land, claims to offer a “complete picture” of the conflicts in Jammu and Kashmir, and the way forward. The book is published by HarperCollins India.
The Breastfeeding Promotion Network of India(BPNI) in collaboration with Association of Healthcare Providers of India (AHPI) has launched an accreditation programme that will enable hospitals to get a “breastfeeding-friendly” tag. This programme is called “Baby Friendly Hospital Initiative (BFHI)”.
Veteran Politician and former Union Minister R.L. Jalappa passed away in Kolar. He served as Union Minister for Textiles in the governments headed by former Prime Minister H.D. Deve Gowda and I.K. Gujral.
Corporate houses, which are not allowed to own a bank, can now pick up 15 per cent stake in commercial banks through their non-banking financial companies (NBFCs).
In a recent cricket-themed NFT (non-fungible token) auction of digital memorabilia in Dubai, the rights to products, including a bat signed by M.S. Dhoni-led 2011 World Cup winning Indian cricket team and a David Warner-signed IPL jersey, were auctioned for about $335,950.
Private lender RBL Bank has said its chief executive Vishwavir Ahuja will go on leave with immediate effect, adding that the board has appointed executive director Rajeev Ahuja as an interim replacement.