The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the 3rd bi-monthly monetary policy for FY24. RBI kept the repo rate unchanged at 6.5%. The standing deposit facility (SDF) rate kept unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
The next meeting of the MPC is scheduled during October 4-6, 2023.
Axis Bank has received approval to infuse Rs 1,612 crore in Max Life Insurance by subscribing to shares on a preferential basis. This will result in Axis Bank’s direct stake increasing to 16.22% in the life insurer.
The collective stake of Axis Entities will increase to 19.02% in Max Life Insurance, the lender said in a release.
Two Indian Navy ships, INS Visakhapatnam and INS Trikand, arrived at Port Rashid in Dubai for a bilateral exercise with the UAE Navy.
The exercise, which will be held from August 8 to 11 aims to share best practices and increase synergies between the two navies.
'Zayed Talwar' a bilateral exercise, is scheduled to enhance interoperability and synergy between t two navies
he government said Standing Committee on Economic Statistics has been renamed as Standing Committee on Statistics.
The committee will advise Ministry of Statistics and Programme Implementation (MoSPI) on all surveys.
It will advise on survey methodology including sampling frame, sampling design, survey instruments, etc and to finalize tabulation plan of surveys.
Ministry of Electronics & Information Technology (MeitY) launched the Indian Web Browser Development Challenge (IWBDC) on 9th August 2023 in Launch Programme organized at India Habitat Centre, New Delhi.
The Indian Web Browser Development Challenge is spearheaded by MeitY, CCA and C-DAC Bangalore.
World Biofuel Day is observed every year on August 10 to spread awareness about the importance of non-fossil fuels as an alternative for humanity.
The day also attempts to highlight the government’s efforts to encourage the biofuel sector.
This year theme 'Biofuels for Sustainability and Rural Income'
World Lion Day is celebrated on August 10 every year.
The purpose of Lion Day is to create awareness about the majestic hunter, the ultimate feline, often referred to as the king of the jungle. Lions, scientifically known as Panthera leo, rank as the second-largest cat species globally with the Asian tiger taking the lead and weigh between 300 and 550 pounds.
In a first, Central Railway’s New Amravati station becomes the first station in Bhusaval Division and third station of Central Railway CR to be a Pink Station to be fully managed by women staff.
Central Railway has inaugurated the New Amravati station under the capable management of an all-women team.
Airtel Payments Bank (APB) has announced the launch of an eco-friendly debit card for its new and existing customers with a savings bank account, becoming the first Indian Bank to launch such a card.
Airtel Payments Bank is India's only profitable multi-segment fintech operating at scale with a banking license.
Engineering major L&T and its green hydrogen joint venture partners-Indian Oil Corporation and ReNew-will invest upto $4 billion (₹32,000 crore) in their green hydrogen businesses over three-five years. he company will invest approximately ₹500 crore in manufacturing electrolysers. Additionally, the joint venture with IOCL and ReNew can also establish green hydrogen plants
AU Small Finance Bank has achieved an unprecedented feat with the launch of its groundbreaking customer service 24x7 via Video Banking.
This service provides a virtual platform where customers can communicate with a video banker in real time via video calls, like video conferencing.
Agri solutions provider Coromandel International's subsidiary and drone manufacturer Dhaksha Unmanned Systems announced it has secured a supply order for 200 medium-altitude logistics drones and accessories from the Indian Army.
This order comes on the back of a recent contract for the supply of 400 agri-spraying drones from IFFCO, Dhaksha Unmanned Systems (DUS) said.
The Securities and Exchange Board of India (SEBI) reduced the timeline for listing of securities after the closing of an initial public offering (IPO) to three days from the present requirement of six working days. This will be an option for IPOs opening after September 1, 2023, and will be mandatory for public issues opening after December 1, 2023.