RBI Fines Axis Bank and HDFC Bank for Non-Compliance: The Reserve Bank of India (RBI) has levied fines on HDFC Bank and Axis Bank due to regulatory non-compliance. HDFC Bank has been fined ₹1.91 crore, while Axis Bank has received a ₹1 crore penalty.
Tag: 12th Sep 2024
Lockheed Martin and Tata Systems Partner for C-130J Expansion in India
Lockheed Martin and Tata Systems Partner for C-130J Expansion in India: Lockheed Martin and Tata Advanced Systems Limited (TASL) announced a significant collaboration to enhance the C-130J Super Hercules program in India.
New species of Genus Curcuma discovered in Nagaland
New species of Genus Curcuma discovered in Nagaland: Researchers have identified a new cousin species from a ginger family called turmeric, Genus Curcuma at Ungma village in Mokokchung district in the state of Nagaland, this information related research paper published by the botanical survey of India.
IMF Upgrades India’s FY24-25 GDP Forecast to 7%
IMF Upgrades India’s FY24-25 GDP Forecast to 7%: The International Monetary Fund (IMF) has revised its forecast for India’s GDP growth in FY2024-25 upward to 7%, a 20 basis point increase from the previous estimate of 6.8%. This revision reflects the IMF’s updated World Economic Outlook report, driven by enhanced consumption prospects, particularly in rural […]
RS Sharma Appointed Non-Executive Chairperson of ONDC
RS Sharma Appointed Non-Executive Chairperson of ONDC: The Open Network for Digital Commerce (ONDC) has announced the appointment of RS Sharma as its Non-Executive Chairperson. Sharma, who has previously served as the Director General and Mission Director of the Unique Identification Authority of India (UIDAI), Chairman of the Telecom Regulatory Authority of India (TRAI), and […]
India Surpasses China in MSCI Emerging Markets Index
India Surpasses China in MSCI Emerging Markets Index: India has overtaken China in the Morgan Stanley Capital International (MSCI) Emerging Markets Investable Market Index (EM IMI) with a weightage of 22.27%, surpassing China’s 21.58%. This shift reflects India’s strong market performance and favorable macroeconomic conditions, contrasted with China’s economic challenges.
ADNOC and ExxonMobil Join Forces to Develop World’s Largest Low-Carbon Hydrogen Facility
ADNOC and ExxonMobil Join Forces to Develop World’s Largest Low-Carbon Hydrogen Facility: Abu Dhabi National Oil Company (ADNOC) and ExxonMobil have announced a landmark partnership to develop the world’s largest low-carbon hydrogen facility. This ambitious project, set to be located in Baytown, Texas, marks a significant milestone in the race to lead sustainable energy production […]
Nepal became 101st member of ISA
Nepal became 101st member of ISA: Nepal has become the 101st country to join the International Solar Alliance (ISA) as a full member. The Ministry of External Affairs said that Nepal handed over its Instrument of Ratification to the ISA in New Delhi on 9th September.
Deepali Thapa Makes History as First Schoolgirl Champion
Deepali Thapa Makes History as First Schoolgirl Champion: Deepali Thapa etched her name in the annals of sports history by becoming the first-ever schoolgirl champion at the Asian Youth Boxing Championships held in Al Ain, UAE on Sunday.
Partnerships for Accelerated Innovation and Research (PAIR) programme
Partnerships for Accelerated Innovation and Research (PAIR) programme: The central government will launch the Partnerships for Accelerated Innovation and Research (PAIR) programme designed to elevate research capabilities in higher education institutions (HEIs) by linking top-tier research institutions with those where research capability is limited, creating a collaborative mentorship environment.
