RBI imposed limitations on The National Cooperative Bank, one of Bengaluru's oldest institutions, due to its deteriorating financial status. The bank can now only pay depositors ₹50,000 across all accounts. Furthermore, the RBI has barred the bank from renewing loans, making investments, creating liabilities, making payments, or accepting new deposits.
ndia finished 2nd on the medals tally at the recently concluded ISSF Junior Shooting World Championships 2023 in Changwon, South Korea. Indian shooters bagged 17 medals, which include 6 Gold, 6 Silver, and 5 Bronze. The championships saw 90 Indian shooters vie for medals in pistol, rifle, and shotgun competitions in the under-21 age category.
International Monetary Fund (IMF) has raised India’s growth forecast, projecting a Gross Domestic Product (GDP) growth of 6.1 per cent in the current fiscal. In the World Economic Outlook that was released in April, the IMF had projected India’s GDP at 5.9 per cent in the current fiscal.
Kargil Vijay Divas or Kargil Diwas is observed every year on 26 July to honour India's victory over Pakistan in the Kargil War in 1999. As part of "Operation Vijay," the Indian Army drove out intruders from Pakistan during this conflict and reclaimed Tiger Hill and other outposts. At Kargil in Ladakh, the conflict lasted for more than 60 days.
A total of over 176 Giga Watt of renewable energy capacity have been installed in the country till last month. In a written reply in the Rajya Sabha, New and Renewable Energy Minister R.K Singh said renewable energy projects of around 89 Giga Watt capacity are under various stages of implementation. He said, over 51 Giga Watt capacities are under various stages of bidding.
Marking a significant moment in history, the first woman member from Nagaland in the Rajya Sabha, Smt. Phangnon Konyak presided over the House. Earlier she had created history by becoming the first ever women member to be appointed to the panel of Vice- Chairpersons on July 17, 2023.
India’s largest private lender HDFC Bank has overtaken State Bank of India (SBI) to earn top spot on the list of 2023 CRISIL’s Greenwich market share Leaders in Large Corporate Banking. For middle market corporates, HDFC Bank again topped the list of 2023 Leaders among local banks, and joined ICICI Bank as the year’s joint Greenwich Quality Leaders.
Confederation of All India Traders (CAIT) and Meta announced that they are expanding their ‘WhatsApp Se Wyapaar’ programme to digitally train and upskill 10 million local traders on the WhatsApp Business App. Earlier the target was to train 1 million local traders. The partnership’s goal is to localize digitisation efforts to unleash growth opportunities for businesses.
Bharti Airtel announced it has become the first Information and Communications Technology service provider in India to connect over 20 million devices through its Internet of Things solutions. IoT describes the network of physical objects embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other tech using internet.
Canara Bank topped the list of public sector banks with the highest lending to corporations and PSUs of States and Union Territories for the fifth year in a row. This was revealed in a written statement of the Finance Ministry, in response to questions raised by MP Velusamy P.
SIDBI, the Small Industries Development Bank of India, is launching an NBFC Growth Accelerator Programme in partnership with GAME (Global Alliance for Mass Entrepreneurship). The primary objective of this program is to bolster the lending capacity of smaller and lower-rated NBFCs, empowering them to play a more significant role in the financial ecosystem.
Government of India has accorded 'In-Principle' approval for setting up of 21 new Greenfield Airports namely- Mopa in Goa, Navi Mumbai, Shirdi and Sindhudurg in Maharashtra, Kalaburagi, Vijayapura, Hassan and Shivamogga in Karnataka, Dabra (Gwalior) in Madhya Pradesh, Kushinagar and Noida (Jewar) in Uttar Pradesh.
Noida-based HCL Technology (HCLTech) said it has joined the XR Startup Programme, an initiative between Meta and the Ministry of Electronics and Information Technology (MeitY) Startup Hub to discover, nurture, and accelerate extended reality (XR) technology start-ups in India.