Prime Minister Narendra Modi inaugurated the 14th edition of Aero India 2023 at Air Force Station, Yelahanka in Bengaluru.
The theme of Aero India 2023 is "The Runway to a Billion Opportunities".
Aero India 2023 exhibition will witness participation of more than 800 defence companies including around 100 foreign and 700 Indian companies.
In the opening bid of first ever Women's Premier League, India's star player and vice-captain Smriti Mandhana was sold to Royal Challengers Bangalore for ₹3.4 crore -- $415,000 approx. This is the highest bid by any franchise in the WPL 2023 auction.
Nat Sciver (Mumbai Indians) and Ashleigh Gardner (Gujarat Giants) each were bought at Rs 3.2 crore.
The government has approved Namami Gange Mission-II with a budgetary outlay of Rs.22,500 crore till 2026, including projects for existing liabilities of Rs.11,225 crore and new projects/interventions of ₹11,275 crore, minister of state for Jal Shakti, Bishweswar Tudu said.
A total of 409 projects are taken up at an estimated cost of ₹32,912.40 crore till 31 December, 2022.
G Asok Kumar: Director General for the National Mission for Clean Ganga.
NewSpace Research, a Bengaluru-based start-up has delivered SWARM drones to Indian Army, which makes the Army the first major armed force in the world to operationalise these high-density SWARM drones.
SWARM Drones are a group of autonomous UAVs which engage with each other using radio signals, to plan and complete various mission objectives using advanced AI algorithms.
HDFC Bank is attempting to execute digital payments in an offline mode under a regulatory facility to test innovations. Apart from executing transactions in no network areas, such a facility will be of help in urban pockets experiencing bad networks and also in aircraft.
Digital payment typically requires one either the customer or the merchant to be online to get executed.
Sashidhar Jagdishan- Managing Director and CEO of HDFC Bank.
The Directorate General of Civil Aviation (DGCA), imposed a penalty of Rs 20 lakh on Tata Group-owned budget carrier AirAsia India for violation of certain norms relating to pilots' training.
DGCA also ordered to remove the airline's head of training from his position for a period of three months besides imposing a fine of Rs 3 lakh each on eight Designated Examiners.
Vikram Dev Dutt - DGCA director general.
Gross direct tax collections grew 24% to Rs 15.67 lakh crore so far this fiscal, the finance ministry said.
After adjusting for refunds, the net direct tax collection stood at Rs 12.98 lakh crore, a growth of 18.40%.
The net collections are about 79% of revised estimates of direct tax collection for current fiscal, the CBDT said.
Jean-Eric Vergne pulled off an energy management and defensive masterclass to win the first-ever Hyderabad E-Prix. The DS Penske driver started the last lap with just one percent of useable energy compared to Nick Cassidy’s four percent. But he was able to fend off the pressure to take his first win in almost two years.
The Union Health Ministry has launched a nationwide mass drug administration (MDA) campaign aimed at ending filariasis disease transmission through door-to-door administration of anti-filarial drugs, especially in 10 affected States.
The government of India has already unveiled a renewed five-pronged strategy for the elimination of lymphatic filariasis (LF).
Net inflows under non-resident deposits increased to $3.6 billion during April-November 2022 from $2.6 billion a year ago, boosted by the Reserve Bank’s July 6th measures, according to RBI Governor Shaktikanta Das.
The rise in deposits has been attributed to exemptions announced by RBI.
The Reserve Bank of India has cancelled the registration of two non-banking finance companies (NBFCs) - Pune-based Kudos Finance and Investments and Mumbai-based Credit Gate - for regulatory lapses in lending practices.
With cancels Certificate of Registration (CoR), the two NBFC should not transact the business of a Non-Banking Financial Institution (NBFI).
Kotak Mahindra Bank has acquired micro-finance company Sonata Finance for ₹537 crore in an all-cash deal. Sonata Finance will be a wholly owned subsidiary of the bank after receiving regulatory and other approvals.
The transaction provides the bank with the opportunity to scale up its operations in the rural and semi-urban markets in the northern states of India.
Competition Commission of India (CCI) approved the purchase of stake in Hero Future Energies Global Ltd by Ardor Holdings II Pte.
Ardor Holdings II Pte Ltd is a special purpose vehicle of global investment firm KKR & Co Inc.
CCI also cleared the acquisition of 20% equity share capital of Keimed Pvt Ltd (Keimed) by Shobana Kamineni through Prime Time Logistics Technologies.
HFE is the renewable energy arm of the Hero Group.
India’s retail inflation shot back up to 6.52% in January after a two-month streak below the 6% mark, with consumer food prices hardening again to 5.94% from 4.2% in December 2022 amid a broad-based pick-up in price trends across goods and services.
Rural inflation, which has outstripped urban inflation in recent months, firmed up from 6.05% in December to 6.85% in January.
The Reserve Bank of India (RBl) has imposed a monetary penalty of ₹1.50 lakh on The Vaidyanath Urban Co-operative Bank Ltd., Beed (Maharashtra) (the bank) for non-adherence/violation of specific directions issued to the bank by the RBI under Supervisory Action Framework (SAF) section 36 (1) read with section 56 of the Banking Regulation Act, 1949 (the Act).