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Arun Jaitley launches Bandhan Bank as full-fledged scheduled commercial bank FM Arun Jaitley inaugurates Bandhan Bank as full-fledged scheduled commercial bank in Kolkata. Bandhan Bank becomes India’s first private bank in 11 years. Bandhan is the first microfinance company to transform into a bank. Ranil Wickremesinghe sworn in PM of Sri Lanka […]

The Cochin International Airport Ltd (CIAL) has become the first airport in the country to be fully powered by solar power Cochin airport becomes the first airport in India to run on solar power; spread over 50 acres project is estimated to generate approximately 50,000 units of electricity daily. As part of its initiative to become the first 'green airport' in the country, CIAL had commissioned two solar plants of smaller capacity in 2013. The success of these plants led CIAL authorities to set up a 12 MW plant. Modi announces 1.25 lakh cr. Bihar package Ahead of the Assembly elections in Bihar, Prime Minister Narendra Modi announced a package of Rs. 1.25 lakh crore for the State at a function in Ara on 18th August, 2015. Sri Lanka General Elections 2015: UNFGG emerges as largest group United National Party (UNP) led United National Front for Good Governance (UNFGG) has emerged [...]

Kerala Government declares state as ‘Digital State’ Chief Minister Oommen Chandy on 15th August, 2015 declared Kerala as the ‘complete digital state’. According to him, the state has achieved 100 per cent mobile density, 75 per cent e-literacy,highest digital banking rate and broadband connection up to panchayat level. Govt launches mission ‘Indradhanush’ to revamp PSU banks […]

Rajiv Gandhi Khel Ratna 2015 and Arjuna Awards 2015 The Union Government on 14 August 2015 announced the awardees for the Rajiv Gandhi Khel Ratna award and Arjuna Award for the year 2015. The selection of awardees was based on the recommendations of the Selection Committee headed by Justice VK Bali, former Chief Justice of Kerala High Court and consisting of eminent sports persons and sports administrators. Rajiv Gandhi Khel Ranta 2015 Sania Mirza (Tennis) Arjuna Awards 2015 […]

India-born Sundar Pichai is new Google CEO Google has unveiled restructuring under new parent company Alphabet Inc. The search engine, YouTube and Android operating system will remain under the Google brand, while newer businesses, such as its research and investment arms, will work as separate parts of the new conglomerate ‘Alphabet Inc’. Google co-founder Larry Page will be Alphabet’s chief executive, while his partner Sergey Brin will be president of the umbrella company, while former Android chief Sundar Pichai will replace Page as Google’s new chief executive. ISRO-NASA jointly working on NISAR mission […]

Ram Nath Kovind, Acharya Dev Vrat appointed as Governors of Bihar, HP President Pranab Mukherjee has appointed Acharya Dev Vrat and Ram Nath Kovind as the governors of Himachal Pradesh and Bihar respectively. Mr. Kovind will succeed Keshri Nath Tripathi (Governor of West Bengal) who was holding additional charge of Bihar. Acharya Dev Vrat will succeed Kalyan Singh (Governor of Rajasthan) who was holding the additional charge of Himachal Pradesh. PM Narendra Modi Inaugurated first National Handloom Day […]

Alibaba to invest INR 4000 crore in Paytm Alibaba to invest INR 4000 crore in paytm (m-commerce company). Alibaba has picked up 25 per cent stake in Paytm’s parent company One97 communication through its subsidiary Ant Financial. Earlier it has done investments in Snapdeal, FreeCharge and now Paytm which is the largest mobile payments space in India. Paytm has around 80 million digital wallets and Alibaba is interested in this major mobile commerce player in this mobile-first market to topple the largest global rival Amazon. Through the partnership with Alibaba Indian e-commerce players now also has access to Chinese market. […]

SoftBank invests Rs 630 crore in OYO Rooms Japanese conglomerate SoftBank has picked online aggregator of budget hotels OYO Rooms for its latest investment in India, by leading a Rs 630-crore ($100-million) funding round in the Gurgaon-based company. Kashinath Singh chosen for Bharat Bharti literary award 2014 […]

Current Affairs One-liners According to the study conducted by Brand Finance India, Tata remains the most valuable brand in India. The brand value has exceeded US$15 billion for the first time. Tata is the world’s 65th most valuable brand. Indian writer Anuradha Roy’s “Sleeping on Jupiter” deals with the malaise of sexual abuse in India has been shortlisted for the Man Booker Prize 2015. […]

Japan’s Nikkei buys Financial Times in $1.3-bn deal The two leading financial news operations from Europe and Asia are now together, as Nikkei Japanese media group is going to buy the Financial Times from Britain’s Pearson in a $1.3 billion. Financial Times acquisition is a triumph for Nikkei as this is the biggest acquisition ever by any Japanese media organisation. Toyota falls behind Volkswagen in world’s biggest automaker race […]