Fitch revises rating outlook on 9 Indian banks from ‘Negative’ to ‘Stable’

Fitch revises rating outlook on 9 Indian banks from ‘Negative’ to ‘Stable’

Fitch Ratings has shift the rating outlook of nine Indian banks which include SBI, ICICI Bank and Axis Bank, from negative to stable. The other banks are: Bank of Baroda (BOB), Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab National Bank (PNB) and Union Bank of India. The Fitch’s Issuer Default Ratings (IDR) are […]

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12th Ministerial Conference of WTO held in Geneva, Switzerland

12th Ministerial Conference of WTO held in Geneva, Switzerland

The 12th Ministerial Conference (MC12) of World Trade Organisation concluded at WTO headquarters in Geneva on 16th June 2022. The Conference was co-hosted by Kazakhstan and chaired by Mr Timur Suleimenov (Deputy Chief of Staff of Kazakhstan’s President). The ministers from across the world attended the meeting to review the functioning of the multilateral trading system, make general statements and to

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Kotak General Insurance joins hands with PhonePe to offer vehicle cover

Kotak General Insurance joins hands with PhonePe to offer vehicle cover

Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) has partnered with PhonePe Insurance Broking Services Pvt. Ltd (PhonePe). Aim: To offer motor insurance on the PhonePe platform. With the help of this platform, the Kotak General Insurance will provide quick and seamless car and two-wheeler insurance policies to its customers. Phonepe HQ: Bengaluru, Karnataka Kotak Mahindra General Insurance HQ: Mumbai,

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Khuvsgul lake of Mongolia added to UNESCO Biosphere Reserves

Khuvsgul lake of Mongolia added to UNESCO Biosphere Reserves

Khuvsgul Lake National Park of Mongolia has been added to the World Network of Biosphere Reserves of UNESCO. This decision was made during the 34th session of the International Co-ordinating Council of the Man and the Biosphere Programme taking place in Paris, France. Location of Khuvsgul Lake: Northern Mongolian province of Khuvsgul near the Russian border. The lake is 1,645

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MeitY declares HDFC, ICICI, NPCI’s IT resources as critical information infra

MeitY declares HDFC, ICICI, NPCI’s IT resources as critical information infra

The government has declared the IT resources of ICICI Bank, HDFC Bank and UPI managing entity NPCI as ‘critical information infrastructure’, implying any harm to them can have an impact on national security and any unauthorised person accessing these resources may be jailed for up to 10 years, according to an official notification. The IT resources under CII include Core Banking

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Japan to attend NATO summit for first time in Madrid, Spain

Japan to attend NATO summit for first time in Madrid, Spain

Japanese Prime Minister, Fumio Kishida will attend North Atlantic Treaty Organization (NATO) summit, which will be held in Madrid and becomes the Japan’s first leader to join NATO summit. Sweden and Finland will also send delegations to the summit and South Korea’s new President Yoon Suk-yeol will also become the first leader from his country to join the meeting.

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