Indian

Govt announces capital infusion in 5 PSB’s

Govt announces capital infusion in 5 PSB’s
The government has announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme. The five banks are Punjab National Bank, Indian Overseas Bank, Andhra Bank, Corporation Bank & Allahabad Bank. Indradhanush is a scheme for recapitalization of PSBs, with a view to make sure they remain solvent & comply with the global capital adequacy norms, Basel-III.

Vinesh grabs gold at Grand Prix of Spain

Indian wrestler Vinesh Phogat grabbed a gold at the Spanish Grand Prix in Madrid. Vinesh won the gold medal in the women’s freestyle 50kg category. Vinesh outclassed Canada’s Natasha Fox in the final to claim her second consecutive gold. She had won a gold at the Gold Coast Commonwealth Games in the 50kg category.

T.C.A. Raghavan appointed as DG of ICWA

Dr. TCA Raghavan was appointed as the Director General (DG) of the Indian Council of World Affairs (ICWA). He had served as India’s High Commissioner to Islamabad (Pakistan) and Singapore and has served in missions at London, Thimphu and Kuwait. ICWA was established as a non-official, non-political and non-profit organization under the Registration of Societies Act 1860.

Elevanil wins gold in junior shooting meet

Young Indian shooter Elavenil Valarivan claimed the women’s air rifle gold medal in the 28th Meeting of Shooting Hopes junior international championship in Plzen, Czech Republic. She shot 250.8 in the final to get the better of Italy’s Nicole Gabrielli (249.7). She had also topped the qualification with 628.0. Aleksandra Szutko of Poland won the bronze with 228.2.

President nominates 4 members to Rajya Sabha

The President of India has made 4 nominations to the Rajya Sabha rested by Article 80 of the Indian Constitution. The nominations are farmer leader Ram Shakal, Columnist Rakesh Sinha, Sculptor Raghunath Mohapatra & Classical Dancer Sonal Mansingh. The said article empowers President to nominate 12 persons having special knowledge of literature, science, art and social service to Rajya Sabha.

Forbes List Of US’ Richest Self-Made Women

Forbes released its 4th annual list of US’ Richest Self-Made Women. Diane Hendricks, co-founder and chairman of ABC Supply ranks 1st with a net w rth of $4.9 billion. Indian-origin tech executives Jayshree Ullal and Neerja Sethi were also on the list with $1.3 bn and $1 bn respectively. TV star and entrepreneur Kylie Jenner is the youngest to be featured in the list.

HDFC Group’s market cap crosses ? 10 trillion

Market capitalisation of Deepak Parekh-led financial services conglomerate – HDFC Group has crossed the ?10 trillion mark. HDFC group is the 2nd Indian business house after the Tata group to achieve this feat. The group has 4 listed companies – Housing Finance Development Corp, HDFC Bank, HDFC Standard Life & Gruh Finance. HDFC Bank is India’s 3rd most valued firm in terms of market cap.

Indian Naval aircraft deployed for RIMPAC

Indian Navy’s P8I long-range maritime reconnaissance aircraft from INS Rajali has inducted at Hawaii for participating in the Rim of Pacific Multinational Naval exercise. This is the first time ever that an Indian Naval aircraft has traversed so far east into the Pacific. The aircraft will form part of the largest naval exercise which has 26 nations participating in this year’s edition.

Arothe resigns as India women’s cricket coach

Indian Women’s Cricket Team Coach Tushar Arothe has stepped down from the role citing personal reasons. A former batting allrounder, Arothe took over as head coach in April 2017 after the removal of Purnima Rau from the job. Having previously been part of the Indian women’s coaching staff between 2008 and 2012, Arothe had been initially appointed until the 2017 World Cup.

INS Sumitra enters port of Sabang

Indian naval ship INS Sumitra became the first-ever warship to enter port of Sabang in Indonesia. The warship was deployed in Malacca Straits. Sabang port is located close to the northern entrance of the Malacca straits. Almost 40% of India’s trade passes through Malacca which is one the busiest shipping routes.