YES Bank opens international office at Abu
Dhabi
1. YES Bank, India’s fifth largest private sector bank, announced its international foray by opening its first overseas representative office in Abu Dhabi, UAE.
2. In
its first international foray the private sector lender YES Bank today launched
a representative office in UAE.
3. Located
in Abu Dhabi, the bank will provide services for investment needs of the Indian
diaspora in the Gulf city.
4. YES
Bank Ltd Founder, Managing Director and CEO Rana Kapoor
BMB conferred with Asian Banker
Achievement Award 2015
1. Bharatiya
Mahila Bank (BMB) Ltd has won the Asian Banker Achievement Award 2015.
2. It
was awarded for Technology Implementation in the category of Best Outsourcing
Project (New Bank).
3. The
award was received by Usha Ananthasubramanian, the Chairman and Managing
Director (CMD) of BMB at a function held in Hong Kong during the Asian Banker
Summit 2015.
4. Bhartiya
Mahila Bank Is First Indian Mahila Bank
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PM Modi’s Jan Dhan model: US, Russia may soon follow
1. The
Pradhan Mantri Jan Dhan Yojana programme, the drive launched by Prime Minister
Narendra Modi to ensure at least one member in every household in the country
had a bank account, could soon emerge as a worldwide template for achieving
rapid financial inclusion.
2. The
Financial Action Task Force, a global anti-terror financing agency, has given
initial approval to a paper by India on how it achieved the task in a few
months while adhering to know your customer (KYC) norms.
3. The
US, Russia, Spain and the Netherlands have extended support to the paper.
4. Till
Now More Than 13 Crores Accounts Has been Opened Under this Scheme
5. Indian
government Launched This scheme for Financial inclusion
ITBP Inspector Manjeet Singh gets Shaurya
Chakra for foiling Kabul terror bid
1. President
Pranab Mukherjee awarded the ‘Shaurya Chakra’ gallantry medal to ITBP Inspector
Manjeet Singh who led his commandos in repulsing an audacious terrorist attack
on the Indian Consulate in Afghanistan’s Herat province last year.
2. Singh
was the contingent commander of the ITBP team which, in the wee hours of May
23, 2014 at the Indian Consulate in Herat, came under heavy gunfire and rocket
propelled grenade (RPG) shell attacks from terrorists.
Ratan Tata picks up stake in Xiaomi
1. Ratan
Tata has acquired a stake in Chinese handset maker Xiaomi
2. It
is the first investment by any Indian in the Smartphone maker.
3. He
has already made personal investments in homegrown e-commerce players like
Snapdeal, Urban Ladder, Bluestone and Cardekho.com. In
March this year, he also invested in mobile commerce firm Paytm.
Indian-origin scientist wins Heinz Award
1. An
Indian-origin scientist at MIT, who has developed artificial human microlivers
for drug testing, has won a prestigious $2,50,000 Heinz award for her work in
tissue engineering and disease detection.
2. Sangeeta
Bhatia at the Massachusetts Institute of Technology has been named the
recipient of the 2015 Heinz Award for Technology, the Economy, and Employment.
BCCI nominates Rohit Sharma for Arjuna
award
1. BCCI
took the decision to put forth Rohit’s name to the government for the Arjuna
Award
2. The
27-year-old Mumbaikar scored a brilliant 264 against Sri Lanka last season —
the highest score by anyone in the world in ODI cricket — at the Eden Gardens,
Kolkata.
3. He
is the only batsman to have scored two ODI double hundreds — his first one
coming against Australia in 2013.
Norway’s Magnus Carlsen wins Shamkir chess
tournament in Azerbaijan
1. World
champion Magnus Carlsen of Norway won the Shamkir Chess tournament held in
Azerbaijan.
2. With
this win, Magnus Carlsen took his rating to 2875 points and Viswanathan Anand
entered the 2800 rating club to gain number two in world ranking.
DRDO Bags National Intellectual Property
Award-2015
1. Defence
Research & Development Organisation (DRDO), has been awarded the
prestigious National Intellectual Property Award 2015 in the category “Top
R&D Organisations for Patents”.
2. It
is notable that DRDO had received Thomson Reuters India Innovation Award twice,
in the year 2011 and recently in 2014, based on size of patent portfolio,
success rate, extent of globalization and influence of innovation.
Indian Army conducts Akraman–II defence
exercise in Rajasthan
1. Indian
Army conducted a major exercise ‘Akraman-II’ in Rajasthan.
2. The
exercise was conducted by the Chetak Corps, a part of South Western Command
based in Bhatinda, Punjab.
3. The
exercise aimed to test a new generation of weaponry and platforms which are
employed in the desert region to provide ‘real time battle and situational
awareness’ to its commanders.
Yashwant Sinha gets highest French honour
of Officier de la Légion d’Honneur
1. French
Government has honoured former Union Finance Minister and veteran BJP leader Yashwant
Sinha with Officier de la Légion d’Honneur (Officer of the Legion of Honour).
2. It
is the highest French civilian distinction bestowed upon him in recognition of
his international action taken during his stint as Union Minister of Finance,
Minister External Foreign Affairs and for his invaluable contribution to
international issues.
Indian Navy names Porbandar base in
Gujarat after Sardar Vallabhbhai Patel
1. The
Indian Navy’s new base in Porbandar Dwarka II will be inaugurated after two
weeks and officially named INS Sardar Vallabhbhai Patel, in the memory of the
late leader.
2. The
Porbandar base is the second naval base in the country to be named after a
political leader after INS Netaji Subhash in Kolkata.
Chennai-born Raja Rajeswari is New York’s
first Indian-American woman judge
1. Chennai-born
Raja Rajeswari has been sworn-in as a criminal court judge in New York by Mayor
Bill de Blasio
2. She
becomes the first India-born woman to be appointed a judge in New York City.
3. She
previously worked with the Richmond County District Attorney’s Office for her
entire career in several bureaus including Criminal Court, Narcotics, Supreme
Court, and the Sex Crimes Special Victims Bureau, where she last served as
Deputy Chief.
Capgemini acquires IGATE for $4 bn in
all-cash deal
1. The
Paris-headquartered Capgemini has announced the acquisition of New Jersey-based
IGATE, which has operations in India, for $4 billion in cash.
2. The
deal, one of the largest in the Indian information technology sector, will see
the exit of IGATE co-founders Ashok Trivedi and Sunil Wadhwani, along with
private equity firm Apax Partners.
3. The
deal will be financed through cash, debt and sale of new shares, which will
dilute existing shareholdings by no more than six per cent.
4. The
acquisition will provide Capgemini offshore capabilities to compete with IBM,
Accenture and large Indian infotech services players.
NMCE launches auction-based forward trading
in rubber
1. Bringing
hopes of better prices to rubber farmers reeling from price fall, India’s first
exchange-traded auction-based forward contracts platform has been launched by the
National Multi-Commodity Exchange (NMCE).
2. Rubber
is the first commodity to be traded on the NMCE platform
3. The
minimum period is 12 days, and the maximum 60 days.
4. However,
the maximum period, has been limited to 30 days now, on a trial basis.
Google India is best employer
1. Google
India has been awarded with the Randstad Award 2015 for ‘Most Attractive
Employer in India’, which is followed by Sony India.
2. The
fifth edition of the Randstad Awards event was held in Delhi. Microsoft India
has been inducted into the Hall of Fame category this year for winning the
title for four consecutive years.