ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private lender currently holds a 48.01% share in ICICI Lombard.
ICICI Lombard General Insurance Company Limited is a joint venture between ICICI Bank Ltd. and Canada based Fairfax Financial Holdings Ltd.
Cambodia's king Norodom Sihamoni, has approved the government's nomination of Hun Manet, the eldest son of long-serving Prime Minister Hun Sen, to become the next Premier.
Ruling Cambodian People’s Party (CPP) in last month’s election won 120 of 125 parliamentary seats in a contest in which all viable opposition was sidelined.
Union finance minister Nirmala Sitharaman laid the foundation stone for an archeological museum in Adichanallur in the Thoothukudi district.
Adichanallur was one of the five archaeological sites declared to be developed as 'Iconic Sites' in the Union Budget 2020-21. It is an archaeological site located on the banks of river Thamirabarani in this district.
In 2015, the Government of India designated the 7th August every year, as the National Handloom Day. The Swadeshi Movement which was launched on 7th August, 1905 had encouraged indigenous industries and in particular handloom weavers. On this day,we honour our handloom-weaving community and highlight the contribution of this sector in the socio-economic development of India
The Ministry of Tourism has identified ‘Prayagraj’ and ‘Naimisharanya’ in Uttar Pradesh as destinations for development under ‘Swadesh Darshan 2.0 with the objective to develop sustainable and responsible tourism destinations. The government launched ‘Swadesh Darshan Scheme’ in the year 2014-15 for integrated development of Theme-Based Tourist Circuits in the country.
Sashidhar Jagdishan, HDFC Bank's Managing Director and Chief Executive, has emerged as the highest-paid bank chief executive in FY23, with a significant increase of more than 62% in his remuneration in fiscal year 2023, reaching ₹10.55 crore, the PTI reported. Amitabh Chaudhry of Axis Bank was the second highest-paid bank CEO, with ₹9.75 crore as payout in FY23.
Renowned Telangana folk singer and balladeer Gaddar, who was popularly known for his revolutionary songs during the 1980s and later during the Telangana statehood agitation, passed away due to ill-health. He was 77. Born as Gummadi Vittal Rao at Toopran in Medak district in 1949, the renowned folk singer and poet went on to become popular as 'Gaddar'.
Morgan Stanley, the international brokerage firm, has recently upgraded India’s market status to overweight from equal weight. An overweight rating means that the firm expects India’s economy to perform better in the future. The upgrade of India in the backdrop of the US losing AAA status.
Fortune announced that US retailer Walmart has topped its Global 500 list for 2023, ranking the world's largest corporations by revenue for fiscal 2022. On Fortune's authoritative ranking of the (current) corporate world order, the Arkansas-based retailer claimed No. 1 for the 10th consecutive year and for the 18th time since 1995.
With a vision to create a just world that values and conserves nature, IUCN Species Survival Commission has partnered with Wildlife Trust of India (WTI) to set up the first-ever Center for Species Survival in South Asia. This collaborative effort aims to enhance conservation efforts by wildlife experts and specialist groups and safeguard the rich biodiversity of India.
The United Nations food agency's rice price index rose 2.8% in July from a month ago to their highest level in nearly 12 years as prices in key exporting countries jumped on strong demand and India's move to curb the exports. The July score was almost 20% higher than the last year's 108.4 points and the highest since September 2011, it said.
NABARD has sanctioned Rs 1,974.07 crore to the Rajasthan government under the Rural Infrastructure Development Fund (RIDF) for 2023-24. NABARD Rajasthan Chief General Manager Dr Rajiv Siwach said Rs 930.44 crore has been sanctioned for three rural drinking water supply projects in Ajmer, Jalore, and Kota districts.
England batsman Alex Hales has announced his retirement from international cricket at the age of 34. The right-hand batsman, who played 11 Test matches, 70 one-day internationals and 75 Twenty20s for England, was dropped from England’s 2019 ODI World Cup squad after news of a failed recreational drugs test broke before tournament.
The Adani Group has acquired Gujarat-based Sanghi Industries in an all-cash deal, valuing the company at an enterprise value of Rs 5,000 crore. Ambuja Cements will acquire 14.66 crore shares of Sanghi Industries Ltd., representing 56.74% of the overall shareholding.
Sanghi Cement, a brand owned by Sanghi Industries, was incorporated in 1985.
Italy great Gianluigi Buffon has announced his retirement from professional football at the age of 45.
The World Cup winner enjoyed a successful 28-year career and played his last two seasons at boyhood club Parma in Serie B.
He made his professional debut for Parma aged 17 in 1995 and four years later won the Coppa Italia, UEFA Cup and Italian Supercoppa at the club.