Indian Renewable Energy Development Agency Ltd, a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has achieved a remarkable milestone with an all-time high Quarterly Profit After Tax of Rs. 295 crores and Profit Before Tax of Rs. 440 crores in the 1st Quarter of the fiscal year 2023-2024.
NHPC Limited, India’s premier hydropower company, has reported its highest ever Quarter-I Standalone Profit after Tax (PAT) of Rs. 1,053 Crore for the financial year 2023-24, against PAT of Rs. 1050 Crore for the corresponding previous quarter. The NHPC Board approved the Q-1 FY23-24 results in their meeting held on 11th August 2023.
Two Indian Naval Ships INS Visakhapatnam and INS Trikand, under the command of Rear Admiral Vineet McCarty, Flag Officer Commanding Western Fleet, arrived at Port Rashid, Dubai on 08 Aug 2023 to participate in a bilateral Naval Maritime Partnership Exercise with the UAE Navy.
The Government of India and the Government of Arunachal Pradesh have come together to rejuvenate and execute 12 stalled hydro-electric power projects in the state.
In the Hero Asian Hockey Men's Championship, the Final between India and Malaysia is underway at the Mayor Radhakrishnan Stadium in Chennai. In the semifinal, India beat Japan 5-0 at the same venue. Indian players brilliantly scored and defended goalpost, making it difficult for Japan to score even a single goal.
Earlier Japan clinched Bronze Medal, defeating South Korea.
World Organ Donation Day is observed on August 13, every year in order to raise awareness about the importance of and help people understand organ donation. Organ transplantation can help in saving and transforming the lives of people who have been fighting to survive.
The Board of Directors of FIT Hon Teng Ltd (Foxconn) has approved a $400 million investment in Telangana, as confirmed by Foxconn India representative V Lee. Foxconn is a key supplier for Apple.
In order to push retail loans, public sector lender Bank of Maharashtra (BoM), cut the lending rate for home loans and car loans by up to 20 basis points. The revised rates would come into effect from August 14, 2023.
In contrast, it has hiked its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points in select tenors up to one year.
Union Home Minister Amit Shah hailed the team of National Automated Fingerprint Identification System (NAFIS) of for winning the Gold Award under the Excellence in Government Process Reengineering for Digital Transformation Category-1 of the Department of Administrative Reforms and Public Grievances (DARPG).
Capital markets regulator Sebi is betting big on technology, as it plans to implement a Geotagging solution in the current financial year to strengthen the process of its enforcement activities.
While focusing on technology, Sebi said it plans to undertake various projects to boost its information technology (IT) capacity and build a “fault-tolerant” architecture.