Carlos Alcaraz marked a pivotal moment in men's tennis by ending Novak Djokovic's illustrious Wimbledon reign with an electrifying 1-6, 7-6(6), 6-1, 3-6, 6-4 victory claiming his first-ever title at the All England Club. At just 20 years old, Alcaraz became Wimbledon's third youngest men's champion, adding to his previous major victory at the US Open last year.
World Emoji Day, celebrated on July 17, recognizes the influential role emojis play in digital communication. The date was selected due to its significance in the world of emojis as the "Calendar" emoji displayed on platforms like Apple and Google features the date July 17.
Indian public sector banks (PSBs) are expected to step up their one-time settlement (OTS) in written-off loans to meet the finance ministry-set target of recovering up to 40 per cent of the loan amount. This comes after the Reserve Bank of India (RBI) emphasised the importance of improving recovery from these accounts.
The annual rate of inflation based on all India Wholesale Price Index (WPI) is 4.12 percent down for the month of June, 2023. In May, 2023 it was recorded 3.48 percent down. The decline in the rate of inflation in June, 2023 is primarily due to a fall in prices of mineral oils, food products, Basic metals, crude petroleum & natural gas and textiles.
Adani Transmission Limited (ATL), the largest private sector transmission and distribution company listed in India and part of the globally diversified Adani portfolio, has won the ‘Golden Peacock Environment Management Award (GPEMA)’ in the ‘Power Transmission’ sector from ‘Institute of Directors (IOD)’.
Marketa Vondrousova became the lowest-ranked woman to win Wimbledon, defeating 2022 runner-up Ons Jabeur 6-4, 6-4 in the final. Vondrousova is a 24-year-old left-hander from the Czech Republic who is ranked 42nd and was the first unseeded woman to play for the title at the All England Club in 60 years.
In a significant move to strengthen economic ties, India and the United Arab Emirates have signed a historic Memorandum of Understanding on the Local Currency Settlement (LCS) system. This groundbreaking agreement, signed between the Reserve Bank of India and the Central Bank of the UAE, aims to revolutionize cross-border transactions between the two nations.
The Adani Group announced the commissioning of India’s first transnational project at Godda in Jharkhand to supply power to the Bangladesh electricity grid. Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant.
CarTrade Tech, a marketplace for buying and selling vehicles, will acquire OLX India’s automotive business, Sobek Auto India Private Ltd for ₹537 crore. In the filing, CarTrade Tech said it will acquire 100 per cent stake in Sobek Auto, the automotive business of OLX India, for a cash consideration. OLX is the classified unit of Dutch investment firm Prosus.
Life Insurance Corporation of India (LIC) has pared its stake in Exide Industries to 3.51% by divesting more than 1.70 crore shares. From 5.51% on December 17, 2020, the holding in the battery maker has been reduced by two percentage points through open market sale at an average price of ₹179.84 per share, the insurer.
Sikkim has topped the northeastern states in addressing public complaints, followed by Assam and Arunachal Pradesh. The ranking was made in the Centralised Public Grievance Redress and Monitoring System (CPGRAMS) monthly report, released by the Department of Administrative Reforms and Public Grievances (DARPG) under the Personnel Ministry, for states for June 2023.
The government has constituted a new internal oversight mechanism for official data, revamping a Standing Committee on Economic Statistics (SCES) set up in late 2019, soon after the findings from the last round of household surveys on consumption expenditure and employment were junked, citing ‘data quality issues’.
India’s home-grown fintech and payments solutions provider Razorpay has announced the launch of its first international payment gateway services in the Malaysian market with Curlec. In Feb 2022, Bengaluru-headquartered Razorpay which was established in 2014, announced its first international expansion into South-East Asia with the acquisition of a majority stake in Curlec.