National High Speed Rail Corporation Limited (NHSRCL) has signed contract with Afcons Infrastructure Limited for the construction of 21 km long tunnel including India’s first 7 km long undersea rail tunnel in the state of Maharashtra for Mumbai-Ahmedabad High Speed Rail Corridor under MAHSR C-2 package.
State-owned Punjab National Bank (PNB) has proposed to raise funds from the sale of up to 15 crore shares under its Employee Stock Purchase Scheme (ESPS).
At the current market price, PNB would raise up to Rs 780 crore from the scheme.
The first edition of India, France and UAE Maritime Partnership Exercise commenced in the Gulf of Oman.
INS Tarkash and French Ship Surcouf both with integral helicopters, French Rafale aircraft and UAE Navy Maritime Patrol Aircraft are participating in the exercise.
New Generation Ballistic Missile ‘Agni Prime’ was successfully flight-tested by Defence Research and Development Organisation (DRDO) from Dr APJ Abdul Kalam Island off the coast of Odisha.
During the flight test, all objectives were successfully demonstrated.
YES BANK unveiled a lively new logo that continues and expands on the bank’s visual identity. The tick has been converted into a soaring bird, representing the bank’s current soaring position, according to the firm. Furthermore, the smoothed-out corners and fluid curves have replaced the former logo’s jagged edges.
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC).
Kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent.
The next meeting of the MPC is scheduled during August 8-10, 2023.
Marginal standing facility (MSF) rate and the Bank Rate have been kept at 6.75 per cent.
The Reserve Bank of India released on its website the results of the following Surveys:
Consumer Confidence Survey (CCS) – May 2023
Inflation Expectations Survey of Households (IESH) – May 2023
Survey of Professional Forecasters on Macroeconomic Indicators– Round1 82nd.
The RBI issued first loss default guarantee (FLDG) guidelines for digital lenders. The central bank has allowed a 5% default loss cover for bank-fintech deals.
The RBI had earlier specified that banks and NBFCs must abide by securitisation norms before entering into any guarantee arrangement.
Manchester City have been named as Europe’s most valuable football club, ousting Real Madrid, in a report published before this weekend’s Champions League.
City, who play Inter Milan in Champions League final in Istanbul, came out on top with a valuation of 4.073 billion euros ($4.39 billion).
Nearly after three decades, the coveted international beauty pageant Miss World will be hosted in India this year.
The 71st edition of Miss World is expected to take place in November this year, the final dates are yet to be ascertained.
India had last hosted the Miss World pageant in 1996.
Indira Gandhi International Airport (IGI) announced that a new facility DigiYatra has been introduced to make travel easier.
DigiYatra allows passengers to enjoy the benefits without having to download the mobile application. The initiative has been launched at Terminal 3 and it simplifies the registration process for the passengers into thre steps.