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44th Chess Olympiad concluded; India’s men & women team win bronze medal

The 44th edition of the Chess Olympiad has been concluded in Chennai, Tamil Nadu. India ‘B’ team (Men’s) comprising D Gukesh, R Praggnanandhaa, Raunak Sadhwaniand and Adhiban won the bronze medal after defeating Germany. India ‘A’ team (Women’s) comprising Vaishali and Koneru Humphy, Tania Sachdev and Bhakti Kulkari won the bronze medal. The Uzbekistan team won gold medal in the men’s section and Armenia clinched the silver […]

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Singapore declared Padang as 75th national monument of the country

Singapore has declared its 200-year-old iconic green open space Padang as its 75th national monument as the country celebrates its 57th National Day (9th August). From this site, Netaji Subhas Chandra Bose had given his ‘Delhi Chalo’ slogan in 1943. From now, the Padang has been preserved and accorded the highest level of protection in Singapore under the Preservation of Monuments Act.

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Google launches ‘India Ki Udaan’ to mark 75 years of independence of India

Google has launched the ‘India ki Udaan’ project to celebrate the 75 years of Independence of India in the presence of Union Culture and Tourism Minister, G Kishan Reddy and other senior officials. It was executed by Google Arts and Culture. It is based on the theme ‘Unwavering and undying spirit of India over these past 75 years’. The project

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World Biofuel Day 2022: August 10

World Biofuel Day is celebrated annually on August 10 to mark the importance of non-fossil fuels as a replacement for conventional fossil fuels. On this date, Sir Rudolf Diesel (German) successfully ran his diesel engine on peanut oil. In India, the Ministry of Petroleum and Natural Gas and the Ministry of Environment, Forest and Climate Change started celebrating World Biofuel Day

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Microsoft join ONDC to launch a shopping app in India

Microsoft becomes the first global Big Tech Company to join the Open Network for Digital Commerce (ONDC). ONDC is an Indian government initiative for developing a first-of-its-kind open network for digital commerce. Microsoft has intended to introduce social e-commerce via its app in the Indian market later this year. Initially, the network began its pilot in Delhi, Bengaluru,

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Justice Uday Umesh Lalit appointed as 49th Chief Justice of India

President, Droupadi Murmu has approved the appointment of Justice Uday Umesh Lalit as the 49th Chief Justice of India for three months. He will replace CJI Justice N V Ramana, who will retire on 26th August 2022. He was appointed as Judge of the Supreme Court (SC) in August 2014. He will be the second CJI to be directly

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PNB HFC increases its Unnati portfolio to offer affordable loans

PNB Housing Finance has revamped its ‘Unnati’ loan portfolio to offer affordable housing loans of ₹9-12 lakh to target customers. PNB Housing has created a small vertical under Unnati which will be different from existing ₹18-19 lakh as affordable housing loans. In the June quarter, PNB HFC has already opened 10 more branches. PNB HFC: HQ: New Delhi MD &

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SPARK: New Virtual Space Museum Launched By ISRO

The Indian Space Research Organisation (ISRO) has launched a 3D virtual space tech park called SPARK. Celebrating ‘Azadi Ka Amrit Mahotsav’ marking the 75th year of Independence, ISRO inaugurated the virtual park containing information regarding its various missions. The digital platform known as the ‘SPARK’ space museum was launched by the Chairman of ISRO, S Somnath. Key points

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Axis Bank launches Axis Receivables Suite

Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS), an innovative Cash Management proposition. Aim: Simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is an end-to-end proposition to automate the reconciliation of receivables against sales invoices raised by clients. Benefit for Clients: Know about payments, real-time control over

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India’s home loan market expected to double in 5 years: SBI report

According to State Bank of India’s economic research report “Ecowrap”, India’s home loan market is currently valued at about ₹24 lakh crore and it is expected to double (₹48 lakh crore) in the next 5 years. The share of ‘Housing Loans’ in ‘Bank Credit’ has increased to 14.4% in June 2022 from 13.1% in March 2020. The total home loan portfolio

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