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Commencement of Sagar Parikrama Phase-VIII to take place at Thengapattanam Fishing Harbour in Kanyakumari

The commencement of Sagar Parikrama Phase-VIII is set to take place at Thengapattanam Fishing Harbour in Kanyakumari district.

This particular phase of Sagar Parikrama will encompass an exploration of four coastal districts in Tamil Nadu, namely Kanyakumari, Tirunelveli, Thoothukudi, and Ramanathapuram.

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Union Minister for Fisheries, Animal Husbandry and Dairying will inaugurate the event.

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Renewables helped power sector save $520 bn globally in 2022: IRENA Report

Power sectors worldwide saved an astounding $520 billion in fuel costs last year (2022), according to a report released by the International Renewable Energy Agency (IRENA).

The introduction and rapid expansion of renewable energy capacity since the year 2000 has collectively slashed the global electricity sector's fuel expenses by no less than $520 billion in 2022.

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The report titled "Renewable Power Generation Costs in 2022.

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PhonePe enters stock broking segment, launches Share.Market app

PhonePe announced its foray into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking.

According to PhonePe, the Share(dot)Market app elevates the discount broking by providing market intelligence and quantitative research-based WealthBaskets, a scalable technology platform.

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PhonePe CEO: Sameer Nigam

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India to host Global IndiaAI 2023 in October, 2023

The Ministry of Electronics and Information Technology will be organizing the Global IndiaAI 2023, scheduled for October with participation from leading AI players, researchers, start-ups, inventors in India and worldwide.

The conference is poised to cover a wide spectrum of topics, including next-generation learning and foundational AI models, and other AI’s applications.

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Numaligarh Refinery Limited (NRL) signs MoA with IIT Guwahati to develop sustainable material

As a part of R&D initiative of NRL, a MoA was signed with Indian Institute of Technology, Guwahati to develop technology for production of marketable Grade Green Activated Carbon from bamboo dust.

Bamboo dust will be generated while preparing bamboo chips for the 2nd Generation Bio-Refinery being setup by NRL through its JV company Assam Bio-Refinery Private Limited.

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PNB launches app to enable MSMEs access instant loans using GST invoices

Punjab National Bank (PNB) has launched a mobile application 'PNB GST Sahay App', based on the GST Sahay scheme, an end-to-end digital product under which lending can be done using GST invoices.

With this integration, PNB has become the first public sector bank to facilitate frictionless credit flow to MSMEs using GST invoices

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World Sanskrit Day 2023 | August 31

World Sanskrit Day, also recognized as International Sanskrit Day, Sanskrit Diwas, and Vishwa Samskrita Dinam, is commemorated on the occasion of Shravan Poornima, which corresponds to the full moon.

World Sanskrit Day is observed on August 31 with the aim of promoting Sanskrit, recognized as the world's oldest language.

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Government likely to extend export benefits under RoDTEP scheme for pharma, steel, chemical sectors

The government is expected to extend export benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to iron and steel, chemicals, and pharmaceutical sectors beyond September 30, 2023.

As exports have not doing good for the last few months, there is a demand to extend it for about six months till March 2024.

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BSE changes expiry day of Bankex Index derivatives contracts to Monday effective October 16

Stock exchange BSE has announced to change the expiry day of all futures and options contracts of its banking index S&P BSE Bankex to Monday (from Friday) effective October 16.

In its bid to boost derivative trading, the country’s premier bourse BSE had in May relaunched the Sensex and Bankex derivative contracts with a reduced lot size of and a new expiry cycle.

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TCS extends contract with life insurance firm Athora Netherlands

Tata Consultancy Services (TCS) has expanded its long-standing partnership with Athora Netherlands (formerly VIVAT) to help the Dutch life insurance and pension provider with a better IT operating model to enhance customer experience, operational resilience and business agility.

TCS first started working with Athora Netherlands, which was then VIVAT, in 2015.

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Amazon signs MoU with Indian postal service, partners with Railways for faster deliveries

Amazon had signed a Memorandum of Understanding (MoU) with the Indian postal service and has also partnered with the Indian Railways for a dedicated freight corridor that will help Amazon expedite deliveries for its seller partners.

Amazon’s partnership with the Indian Railways for a dedicated freight corridor is the first of its kind for any e-commerce company.

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Tata Power Renewable Energy inks pact with Sanyo Special Steel Manufacturing to set up 28-MW solar plant

Tata Power Renewable Energy Limited (TPREL) has partnered with Sanyo Special Steel Manufacturing India Private Limited (SSMI) to set up a 28.12-megawatt green energy plant in Maharashtra.

The plant is expected to produce 61.875 million inits (MUs) of electricity annually, which would meet the energy requirement of steel manufacturing unit of SSMI.

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YES Bank goes live with UPI interoperability on CBDC

YES Bank has announced that it has launched Unified Payments Interface (UPI) Interoperability on the Reserve Bank of India's Central Bank Digital Currency (CBDC) app.

This will allow users to scan any UPI QR code through the YES Bank Digital Rupee app and make transactions seamlessly. This move aims to expand the reach of the Digital Rupee.

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Govt appoints Jaya Verma Sinha as first woman CEO, chairperson of Railway Board

The Secretariat of the Appointments Committee of the Cabinet announced the appointment of Jaya Verma Sinha as first woman CEO and chairperson of Railway Board.

Sinha will assume charge on or after September 1 and her tenure will be till August 31, 2024. She succeeds Anil Kumar Lahoti.

The Railway Board is the apex decision-making body for the national transporter.

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