Daily News

Image

BOI launches 333-Day Star Dhan Vriddhi FD, offers 7.9% interest rates

Bank of India (BOI) has launched a fixed deposit scheme called ‘Star Dhan Vriddhi Fixed Deposit' that will have a term limit of 333 days.

These revised rates are effective September 1, 2024.

The Star Dhan Vriddhi Fixed Deposit offers an interest rate of 7.90 per cent per annum for the so-called super senior citizens.

Did you Know

Image

BOI launches 333-Day Star Dhan Vriddhi FD, offers 7.9% interest rates

Senior citizens can benefit from an interest rate of 7.75 per cent per annum, while the general public is offered a rate of 7.25 per cent per annum.

Customers can also avail of additional benefits such as loans against fixed deposit and premature withdrawal facilities, adding to the flexibility of this investment option.

Did you Know

Image

BOI launches 333-Day Star Dhan Vriddhi FD, offers 7.9% interest rates

Customers can open this fixed deposit through any Bank of India branch or via the BOI Omni Neo App and internet banking.

Did you Know

Image

President Droupadi Murmu confers National Teachers’ Award 2024

On National Teachers’ Day, which commemorates the birth anniversary of Former Vice President Sarvepalli Radhakrishnan, President Droupadi Murmu presented the National Teachers’ Award 2024 to 82 educators.

The ceremony took place to honour those who have significantly contributed to the education sector.

Did you Know

Image

President Droupadi Murmu confers National Teachers’ Award 2024

Among the recipients is Urfana Amin from Jammu & Kashmir, who teaches at BHSS Soura, Hawal, Srinagar. Amin, an expert in English, Entrepreneurship, and teacher training, provided radio classes during the COVID-19 pandemic and developed educational materials such as FLN modules and e-content for DIKSHA.

Did you Know

Image

President Droupadi Murmu confers National Teachers’ Award 2024

Dwiti Chandra Sahu from Govt. High School Billesu, Odisha, works in a remote, hilly district with poor connectivity and frequent power cuts. Sahu was awarded for integrating ICT into his teaching without relying on electricity or the internet. His initiatives include creating educational games, a YouTube channel, and PDF content.

Did you Know

Image

India successfully carries out launch of Agni-4 Ballistic Missile

India carried out a successful launch of an Intermediate Range Ballistic Missile, Agni-4 from the Integrated Test Range in Chandipur, Odisha.

The launch successfully validated all operational and technical parameters. It was conducted under the aegis of the Strategic Forces Command.

Did you Know

Image

India successfully carries out launch of Agni-4 Ballistic Missile

The range increased even further with Agni-4, which can hit as far as 4,000 kilometres. The 20-metre-long missile can carry a payload of 1,000 kg and can be fired from a road-mobile launcher.

Did you Know

Image

India successfully carries out launch of Agni-4 Ballistic Missile

During its test launch in 2012, Agni-4 covered more than 3,000 km in 20 minutes. It was the longest-range mission flown by the Defence Research and Development Organisation (DRDO) at the time. The Agni-4 missile was earlier called Agni-2 Prime.

The Agni missiles are designed and developed by the DRDO

Did you Know

Image

International Day of Clean Air for Blue Skies | 7 September

The International Day of Clean Air for Blue Skies is commemorated annually on 7 September in recognition of the fact that clean air is important for the health and day-to-day lives of people, while air pollution is the single greatest environmental risk to human health and one of the main avoidable causes of death and disease globally.

Did you Know

Image

International Day of Clean Air for Blue Skies | 7 September

By resolution 74/212 of 22 January 2020, the UN General Assembly (UNGA) designated the Day to emphasize the need to make further efforts to improve air quality, including reducing air pollution, to protect human health.

Did you Know

Image

Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India to act as a payment aggregator

Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 followed by the in-principal PA license on December 2022. Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on March 2023 with the valuation of 200 crores. Paysharp holds ISO 27001:2022 and SOC 2 accreditations.

Did you Know

Image

Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India to act as a payment aggregator

With RBI’s final PA authorization, Paysharp is part of Indi’s Payment System, it helps Paysharp to extend to more merchants. Paysharp is one of authorised Payment Aggregator from Tamil Nadu. As on date RBI has authorized 36 payment aggregators including Razorpay, Cashfree and Stripe

Did you Know

Image

Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India to act as a payment aggregator

Paysharp is providing flat pricing to merchants alternative to percentage based pricing followed by other PAs. Paysharp is focusing on non-card-based payments like UPI and Virtual account based solution for NEFT / IMPS / RTGS collection. Paysharp also provides products such as Link Payment and Payment Pages powered by UPI.

Did you Know

Image

Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India to act as a payment aggregator

Paysharp is focusing on Government sector, B2B, NBFC, SMBs and now extending to e-commerce segment. Paysharp is not dealing with card-based payments working with India based payment methods so flat pricing is possible across all the products.

Paysharp recently launched two products Link Payment and Payment Pages powered by UPI.

Did you Know

Image

India's Ashwini Vaishnaw among TIME's 100 Most Influential People in AI

TIME magazine has unveiled its inaugural list of the 100 Most Influential People in AI, recognising individuals shaping the rapidly evolving field of artificial intelligence. Ashwini Vaishnaw, India's Minister of Electronics and Information Technology, features prominently on the list, highlighting his pivotal role in driving India's AI strategy.

Did you Know

Image

India's Ashwini Vaishnaw among TIME's 100 Most Influential People in AI

The list features a diverse group of global figures, from tech titans to researchers, policymakers, and artists. Some of the most prominent names include:

Sundar Pichai: CEO of Google and Alphabet

Satya Nadella: CEO of Microsoft

Sam Altman: CEO of OpenAI

Jensen Huang: CEO of Nvidia

Rohit Prasad: SVP and head scientist of Artificial General Intelligence at Amazon.

Did you Know

Image

INDIA - FRANCE BILATERAL NAVAL EXERCISE VARUNA

Indian Navy’s frontline stealth frigate, INS Tabar commanded by Captain MR Harish had recently visited Toulon, France from 29 Aug 24 to 01 Sep 24 and later upon departure participated in the 22nd edition of IN - FN Bilateral Exercise VARUNA from 02 - 04 Sep 24 in the Mediterranean Sea.

Did you Know

Image

INDIA - FRANCE BILATERAL NAVAL EXERCISE VARUNA

The bilateral exercise VARUNA which began in 2001 is the backbone of IN- FN relationship and has evolved significantly over the years towards enhancing interoperability and exchange Best Practices. The conduct of 22nd edition of VARUNA in the Mediterranean Sea marks a significant milestone in the maritime domain between India and France.

Did you Know

Image

INDIA - FRANCE BILATERAL NAVAL EXERCISE VARUNA

VARUNA also exemplifies the commitment of Indian and French Navies towards enhancing interoperability through collaborative efforts. The Indian Navy remains committed to fostering partnerships with like-minded navies across the world.

Did you Know

Image

Ministry of Steel organizing an event ‘Greening Steel: Pathway to Sustainability’ on 10th September, 2024 in New Delhi

Ministry of Steel is organizing an event ‘Greening Steel: Pathway to Sustainability’ on 10th September, 2024 at C.D. Deshmukh Hall, India International Centre, New Delhi.

The representatives from different Ministries, CPSEs, Think Tanks, Academia, Institutions and steel industry players will be participating in the event.

Did you Know

Image

Ministry of Steel organizing an event ‘Greening Steel: Pathway to Sustainability’ on 10th September, 2024 in New Delhi

A Panel discussion session on ‘Leadership and Innovation: Driving the Green Steel Transition’ amongst the expert and veterans of the steel industry will be held during the event.

During the event, Minister of Steel and Heavy Industries will release a Report on “Greening the Steel Sector in India: Roadmap and Action Plan” prepared on the basis of 14 Task Forces.

Did you Know

Image

Dr V K Paul, Member (Health), NITI Aayog inaugurates National Conference on “Universal Access to Healthcare: Digital Solutions”

Dr V K Paul, Member (Health), NITI Aayog inaugurated a National Conference on “Universal Access to Healthcare: Digital Solutions”.

The day-long conference, organised by NHRC in collaboration with the Sankala Foundation and supported by the NITI Aayog and the Ministry of Health and Family Welfare.

Did you Know

Image

SEBI approves Nehal Vora’s appointment as MD and CEO of CDSL

Central Depository Services (India) Limited (CDSL) announced that it has secured approval from the Securities and Exchange Board of India (SEBI) for the appointment of Nehal Vora as the company’s Managing Director and Chief Executive Officer (MD & CEO). The regulatory nod was granted through SEBI’s letter dated August 29, 2024.

Did you Know

Image

SEBI approves Nehal Vora’s appointment as MD and CEO of CDSL

The appointment of Nehal Vora, who holds the Director Identification Number (DIN) 02769054, remains subject to his formal acceptance of the offer and the satisfaction of necessary terms and conditions. Vora has been MD & CEO of CDSL since September 24, 2019.

Did you Know

Image

Sanjeev Mehta quits Standard Chartered Bank, set to launch new venture

Sanjeev Mehta has stepped down as Standard Chartered Bank's managing director and head of transaction banking sales for corporate, commercial and institutional Banking for South Asia after a 17-year career at the bank. Mehta resigned in July this year with plans to launch a greenfield venture.

Did you Know

Image

Sanjeev Mehta quits Standard Chartered Bank, set to launch new venture

Standard Chartered Bank has been operating in India for over 160years making it one of the oldest foreign Bank. The Bank has a network of 100 branches across 42 cities. The Bank has been named as a ‘SILVER’ Employer in the India Workplace Equality Index 2020,which is India’s first comprehensive benchmarking tool to assess and empower a company’s efforts for LGBT+ inclusion

Did you Know

Image

India emerges as second-largest global 5G smartphone market, overtakes US

According to a new report from Counterpoint Research, India has emerged as the world’s second-largest market for 5G smartphones, trailing only behind China. 5G smartphones are becoming increasingly prominent across various price ranges in India.

Did you Know

Image

India emerges as second-largest global 5G smartphone market, overtakes US

According to a new report from Counterpoint Research, India has emerged as the world’s second-largest market for 5G smartphones, trailing only behind China. 5G smartphones are becoming increasingly prominent across various price ranges in India.

Did you Know

Image

India emerges as second-largest global 5G smartphone market, overtakes US

"India became the second-biggest 5G handset market during the first half, overtaking the US. The strong shipments from Xiaomi, Vivo, Samsung, and other brands in the budget segment were the main reasons for this trend," Singh said. China maintains the leading position with a 32 per cent share of the global 5G smartphone market, while India holds 13 per cent.

Did you Know

Image

AU Small Finance inks pact with United India Insurance Co for distribution of insurance products

AU Small Finance Bank (AU SFB) and state-owned United India Insurance Company (UIIC) on Friday announced a strategic partnership to distribute general insurance solutions to the bank's customers. It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more, a joint statement said.

Did you Know

Image

AU Small Finance inks pact with United India Insurance Co for distribution of insurance products

This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions. The partnership leverages UIIC's vast network of branches in over 1,000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio.

Did you Know

Image

RBI imposes penalties on Housing and Urban Development Corporation, 2 others

The Reserve Bank has imposed penalties on three entities, including Housing and Urban Development Corporation Ltd, for non-compliance with certain provisions of directions on 'non-banking financial company - housing finance company'. A penalty of Rs 3.5 lakh has been imposed on Housing and Urban Development Corporation Limited, the central bank said in a statement.

Did you Know

Image

RBI imposes penalties on Housing and Urban Development Corporation, 2 others

In a separate release, RBI said it has imposed a penalty of Rs 5 lakh on Godrej Housing. The Reserve Bank of India has also imposed a monetary penalty of Rs 5 lakh on Aadhar Housing Finance Ltd.

Did you Know

Image

Max Life enters into bancassurance partnership with CSB Bank

Max Life Insurance Company Ltd. (Max Life) has entered into a bancassurance partnership with CSB Bank (CSB), a private sector bank in India.

This partnership aims to offer a range of savings, protection, retirement, and group life insurance plans to more than 2.5 million CSB customers.

Did you Know

Image

Max Life enters into bancassurance partnership with CSB Bank

Bancassurance is an insurance distribution model where insurance companies partner with banks to sell policies. Both the bank and the insurance company get to benefit from this arrangement. While the bank earns a commission from the insurance company, the insurer gains from the distribution network of the bank.

Did you Know