June 2022

PM Modi inaugurates 'Vanijya Bhawan', new premises of Commerce Ministry

PM Modi inaugurates ‘Vanijya Bhawan’, new premises of Commerce Ministry

PM Modi has inaugurated the new premises of the Ministry of Commerce and Industry, ‘Vanijya Bhawan’ in New Delhi. He has also launched a new portal named NIRYAT (National Import-Export Record for Yearly Analysis of Trade). The portal was developed as a one stop platform to get all the required information related to India’s foreign trade. Vanijya

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ISRO launches India's Communication satellite 'GSAT-24' from French Guiana

ISRO launches India’s Communication satellite ‘GSAT-24’ from French Guiana

Indian Space Research Organisation (ISRO) has successfully launched India’s communication satellite, ‘GSAT-24’ from Kourou in French Guiana. It is built by ISRO for NewSpace India Limited (NSIL). It was launched by French company Arianespace. It is a 24-Ku band communication satellite, weight 4180 kg, pan-India coverage for meeting DTH application needs. This is the first demand driven communication satellite mission undertaken

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South Indian Bank launches SIB TF Online, EXIM trade portal

South Indian Bank launches SIB TF Online, EXIM trade portal

South Indian Bank has launched a new portal for its corporate EXIM customers named ‘SIB TF Online’. This portal provides a platform for trade-related payments to foreign entities remotely. Through this portal, customer can initiate the payment request on SIB TF Online, after uploading the relevant documents for the transaction. The bank launch SIB TF Online in phases.

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Indian Navy conducts 38th coordinated patrol with Indonesian Navy

Indian Navy conducts 38th coordinated patrol with Indonesian Navy

India has conducted 38th edition of the Coordinated Patrol with Indonesian Navy (IND-INDO CORPAT) from 13-24 Jun 22. INS Karmuk (indigenously built missile corvette) is based at the Andaman and Nicobar Command, along with a Dornier Maritime Patrol Aircraft. While the Indonesian Navy is being represented by KRI Cut Nyak Dien, a Kapitan Pattimura (PARCHIM I) class corvette. The

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CARD91 announces strategic partnership with YES BANK and RuPay

CARD91 announces strategic partnership with YES BANK and RuPay

CARD91 has joined hands with YES BANK and RuPay, to create a card management system that will allow companies to launch a variety of co-branded card instruments. This will enable CARD91 to expand its presence in the Indian payments market. CARD91 is a global payment infrastructure powering B2B payments. It was designed to help businesses launch co-branded cards and simplify payments. 

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Max Life launches life insurance savings plan with Policybazaar

Max Life launches life insurance savings plan with Policybazaar

Max Life Insurance Company Ltd has launched the ‘Max Life Smart Fixed-return Digital Plan’ with Policybazaar. It is a non-linked, non-participating, individual life insurance savings plan. This plan helps customers to meet their short-term financial goals. The plan also offers guaranteed tax-free returns up to 6.14%. Monthly premiums: ₹3000 Minimum tenure: five years The plan is also available to purchase on

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Freo, Equitas Small Finance Bank offer savings account

Freo, Equitas Small Finance Bank offer savings account

Freo has launched a digital savings account offering ‘Freo Save’ in association with Equitas Small Finance Bank. With this launch, Freo has become the first consumer neobank in the country to provide full-stack neo-banking products. It includes smart savings account, credit and payments products, cards and wealth-growth products. The digital savings account has been integrated with Equitas’ infrastructure on the

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Dr D J Pandian appointed to lead NDB’s India Regional Office in Gift City

Dr D J Pandian appointed to lead NDB’s India Regional Office in Gift City

Shanghai-headquartered New Development Bank (NDB) of the BRICS countries has appointed former bureaucrat Dr D J Pandian as the Director-General of its India Regional Office in Gujarat International Finance Tec-City (GIFT City), the bank announced on Tuesday. Pandian earlier served as the Vice President and Chief Investment Officer of the Beijing-based Asia Infrastructure Investment Bank (AIIB) in

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