Indian Ordnance Factories operated under the Ordnance Factory Board (OFB). The Government of India, decided in 2021 to transfer control of the 41 production units collectively known as Ordnance Factories to 7 Government-owned companies, under the Department of Defence Production, Ministry of Defence (DDP). The transfer took place on October 1, 2021.
The RBI has imposed a monetary penalty of ₹5 lakh on Housing Development Finance Corporation Limited (HDFC) and ₹11.25 lakh on IGH Holdings Private Limited respectively.
RBI imposed penalty on HDFC for non-compliance with certain provisions of the Housing Finance Companies (NHB) Directions, 2010 issued by the National Housing Bank (NHB).
In a new four-year agreement, the International Cricket Council has teamed up with Times Internet in the US and Canada, making Willow TV, owned by Times Internet, the official home of ICC cricket in both nations until 2027.
Willow TV, the premier broadcaster of cricket in the region for almost 20 years, is accessible in over 70 million households.
Union Government approved for listing of the Indian Renewable Energy Development Agency on the Stock Exchanges. The Cabinet Committee on Economic Affairs decided to approve an Initial Public Offer by part sale of Government’s stake in the CPSE to raise funds through issue of fresh equity shares. Dept. of Investment and Public Asset Management will drive the listing process
The Government of India announced the sites for setting up of 7 PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks for the Textile industry. The Parks will come up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. These parks will enhance the competitiveness of the textiles industry by attracting global players.
India Post, the largest delivery network of the world, has signed an MoU with Shiprocket to boost last-mile Ecommerce delivery services across the country. The MoU will provide shipping and last-mile delivery services to Shiprocket's three lakh strong seller base which includes Startups and a large number of small and medium businesses.
Saahil Goel, Co-founder & CEO, Shiprocket
G Krishnakumar has taken over as the new chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL). Krishnakumar replaces Arun Kumar Singh, who retired as chairman in October 2022. Post that, Gupta was holding additional charge of the chairman. Krishnakumar will hold the position of chairman and managing director till April 2025.
The The National Company Law Tribunal (NCLT) has approved the merger of HDFC and HDFC Bank. The proposed merger is to create a large balance sheet and net worth that would allow a greater flow of credit into the economy. It will also enable the underwriting of larger ticket loans, including infrastructure loans, an urgent need of the country.
The Central Government has constituted NCLT under section 408 of the Companies Act 2013
V.V. Giri National Labour Institute & Employment and ASSOCHAM have entered into a strategic alliance by signing a MoU. The strategic alliance between the two organisations aims to promote professional and organisational development in labour and employment-related areas by jointly identifying & executing developmental initiatives that benefit stakeholders in the sector.
International Ayurvet conclave on the theme 'Veterinary and Ayurveda', was inaugurated at Rishikul campus of Ayurvedic University at Haridwar. Union Minister of State for Animal husbandry, Dairying and Fisheries Sanjiv Baliyan said that government has taken initiative to validate use of Ayurveda in the treatment of animals
Global Recycling Day was created in 2018 to help recognise, and celebrate, the importance recycling plays in preserving our precious primary resources and securing the future of our planet. It is a day for the world to come together and put the planet first. The theme of Global Recycling Day 2023 is Creative Innovation.
Viacom18 announced India's most celebrated cricket captain and four-time IPL-winning skipper MS Dhoni as their brand ambassador. Dhoni, one of the most revered players in world cricket, will participate in several network initiatives featured on the JioCinema, Sports18 and his social media accounts.
India approved proposals worth Rs 70,500 crore for the acquisition of indigenously designed, developed and manufactured military hardware as part of a mega procurement plan that is expected to significantly boost domestic defence manufacturing. Indian Navy proposals constitute more than Rs 56,000 crore, which largely includes indigenous BrahMos missiles etc.
The Singapore Army and Indian Army participated in the 13th edition of Exercise Bold Kurukshetra, a bilateral armour exercise at Jodhpur Military Station, India. First conducted in 2005, this exercise underscores the strong and long-standing bilateral defence relationship between both countries and enhances cooperation between the two armies.
Canara Bank, in collaboration with NPCI, has launched the Rupay Credit Card through UPI using the BHIM app. This will enable small merchants to increase sales turnover and business at a low cost. Presently, customers with Canara Bank Rupay credit card variants - Rupay Classic, Rupay Platinum and Rupay Select) can link their cards to UPI.