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Banking Affairs HDFC Bank its board had given nod to raise Rs 24,000 crore through a preferential issue of shares to its promoter HDFC Ltd and by issuing shares and depository receipts to fund the bank's growth plans.
The general meeting on February 19 to seek approval of its shareholders. "For this purpose, the board has authorized a... Read More
The World Bank committed $125 million (around Rs800 crore) loan to India for the STRIVE project for skill development.
The main objective of the operation (Skills Strengthening for Industrial Value Enhancement) is to improve access to quality and market-driven vocational training as well as apprenticeships. The financing agreement was signed... Read More
France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories.
Under that law that passed a final vote, existing drilling permits will not be renewed and no new exploration licenses will be granted.
The French government claims the ban is a world... Read More
Washington resident Shree Saini crowned Miss India USA 2017. While Prachi Singh from Connecticut was declared the first runner-up at the pageant, which was held at the Royal Alberts Palace in Edison, New Jersey.
Shree Saini is an anti-bullying activist. At the beauty pageant, cancer surgeon Kavita Malhotra Pattani from Florida was declared... Read More
The Skill Development Ministry and Maruti Suzuki have signed an agreement to impart training to youth and enhance their employment potential.
As part of the agreement with the Directorate General of Training, DGT, Maruti Suzuki will ensure that not less than 80 percent of trainees are placed with Maruti Suzuki or its business partners.
The government of Andhra Pradesh entered into an agreement with the moonshot factory of Alphabet (earlier Google) X to bring the breakthrough Free Space Optical. Communication (FSOC) technology in order to provide internet through the government Fibergrid project.
This association with X labs to implement FSOC in AP is first of its kind in the... Read More
AU Small Finance Bank announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model.
With this MoU, AU Bank will be able to further foster its mission of financial inclusion and greater customer outreach.
As per the agreement, the BCs will act as an intermediary... Read More
YES Bank and the European Investment Bank will co-finance $400-million funding for renewable power generation in the country. The new financing programme will streamline financing for a range of renewable energy projects being built and operated by leading Indian corporations and private sector developers.
Of the $400-million, the EIB will fund... Read More
The Telangana state government’s prestigious Kaleshwaram Lift Irrigation Scheme (KLIS) has finally got the Green Nod from central government.
The expert appraisal committee (EAC) of the Union Ministry of Environment and Forest recommended the “proposal for grant of environmental clearance” in its meeting held in Delhi. The green... Read More
The Union Minister of State for Home Affairs, Shri Kiren Rijiju, inaugurated the first national-level training of trainers program to sensitize various Central Ministries and Departments on the utilization of Sendai Monitor for developing action plans for Disaster Risk Reduction (DRR) in New Delhi.
The three-day programme was organized by the... Read More
The Assam government signed an MoU with Isha Foundation to conserve and rejuvenate the rivers of Assam.
Assam became the sixth state in the country to sign MoU with non-profit making and spiritual organization, the Isha foundation.
The agreement was signed by Assam CM Sarbananda Sonowal.
Indian Navy in collaboration with its Sri Lankan counterpart has successfully completed the second phase of the joint oceanographic survey conducted off the South Western Coast of Sri Lanka.
The survey commenced on 26 October with the arrival of Indian Naval Ship Sutlej in Sri Lanka.
The Indian side yesterday handed over the survey charts... Read More
ICRA Management Consulting Services (IMaCS), an arm of ICRA, launched a set of four fixed income indices including one on corporate bonds. It aims to create more depth in the Indian debt market.
ICRA Gilt Indices, ICRA Liquid Indices, ICRA Corporate Bond Indices and ICRA Composite Debt Indices, the four indices launched, would help asset managers... Read More
Prime Minister Narendra Modi announced immediate financial assistance worth 325 crore rupees to cater to the requirements of cyclone Ockhi affected Kerala, Tamil Nadu and Lakshadweep.
According to an official release, the Centre will support the reconstruction of around 1400 houses fully damaged due to Cyclone Occhi under the Pradhan Mantri... Read More
Central Council for Research in Ayurvedic Sciences (CCRAS) for undertaking coordinating formulating, developing and promoting research on scientific lines in Ayurveda is set up by The Ministry of AYUSH.
The activities are carried out through 30 institute/Centres/Units under CCRAS located all over India and also through collaborative studies with... Read More
Bharti Airtel Limited entered into a definitive agreement with Millicom International Cellular S.A. under which Airtel Rwanda Ltd will acquire 100% equity in Tigo Rwanda Ltd.
This comes after Airtel’s announcement to merge with Millicom, which operates the brand Tigo, in another African nation Ghana.
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