Current Affairs July 2023

Turkmenistan unveils 'Arkadag', a smart city in honor of the national leade

Turkmenistan unveils ‘Arkadag’, a smart city in honor of the national leade

Turkmenistan unveils ‘Arkadag’, a smart city in honor of the national leade: A US$5 billion ‘smart’ city named Arkadag was inaugurated in Turkmenistan, in honour of former strongman leader Gurbanguly Berdymukhamedov. Turkmenistan President, Serdar Berdymukhamedov has unveiled the city around 30km southwest of the capital, Ashgabat. The new city is built in the foothills of the picturesque Kopet-Dag mountains and named after Gurbanguly

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World Bank approves $1.5 billion for India’s low-carbon energy sector

World Bank approves $1.5 billion for India’s low-carbon energy sector

World Bank approves $1.5 billion for India’s low-carbon energy sector : World Bank approves $1.5 billion for India’s low-carbon energy sector. The World Bank has approved $1.5 billion in financing to accelerate the development of India’s low-carbon energy sector. Aim: To help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for

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India's first-ever report on Critical Minerals for India unveiled

India’s first-ever report on Critical Minerals for India unveiled

India’s first-ever report on Critical Minerals for India unveiled: Union Minister of Mines Pralhad Joshi has unveiled India’s first-ever report on Critical Minerals for India. Complementing the efforts of the Ministry, Shri Joshi pointed out that it is for the first time India has identified the comprehensive list of critical minerals taking into account the requirements of

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After Merger, HDFC to vault into ranks of world's most valuable banks

After Merger, HDFC to vault into ranks of world’s most valuable banks

After Merger, HDFC to vault into ranks of world’s most valuable banks: According to Bloomberg, after the tie-up of HDFC Bank Ltd and Housing Development Finance Corp, the lender would rank fourth in equity market capitalization. It’s valued at about $172 billion. With the merger likely effective July 1, the new HDFC Bank entity will have around 120 million

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Meta launches $250K mixed reality fund for 5 Indian startups

Meta launches $250K mixed reality fund for 5 Indian startups

Meta launches $250K mixed reality fund for 5 Indian startups: Meta declared a fresh Mixed Reality program in India that has an award of $250,000 for homegrown new companies and developers to construct applications and experiences. The fund seeks to nurture innovation and build an ecosystem of extended reality (XR) technologies in the country, the company said in a

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ICICI Lombard, ICICI Prudential launch combi product ‘ishield’

ICICI Lombard, ICICI Prudential launch combi product ‘ishield’

ICICI Lombard, ICICI Prudential launch combi product ‘ishield’: ICICI Lombard General Insurance and ICICI Prudential Life Insurance have jointly launched a combi product, ‘iShield’, which will provide customers with both, health and life insurance. The plan will enable customers to take care of expenses required for medical treatments. Besides, it will also provide a lump sum amount

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