 IT services firm Tech Mahindra and French digital content publishing firm Rakuten Aquafadas signed an MoU to collaborate on building enhanced customer experience offerings. Rakuten Aquafadas and Tech Mahindra aim to build a Customer Experience Offering leveraging the suite of software that Rakuten Aquafadas provides for digital publishing. |
| Source- The Hindu Business Line |
 According to the Ministry of Commerce & Industry data, India’s overall exports,combining Merchandise and Services, in April 2019 is estimated to be around 44 billion US dollars with a positive growth of 1.34% over April 2018. Overall imports in April 2019 is estimated to be around 53 billion dollars with a positive growth of 4.5% over the corresponding period of 2018. Taking merchandise and services together, overall trade deficit for last month is estimated at around nine billion dollarsas compared to around seven billion dollars in the same period in 2018. |
| Source- News on AIR |
 President Ram Nath Kovind has greeted the people of Sikkim on their statehood day. It was on 16th May 1975 that Sikkim officially merged with the Indian union and became the 22nd state of the country. |
| Source- News on AIR |
 India is unanimously chosen as co-chair of the Consultative Group (CG) of Global Facility for Disaster Reduction and Recovery (GFDRR) for the fiscal year 2020. The decision was taken during the CG meeting of GFDRR held in Geneva, Switzerland, on the margins of the 6th Session of the GPDRR 2019. The CG Meeting was co-chaired by Africa Caribbean and Pacific (ACP) Group of States, the European Union (EU) and World Bank. Additionally, GFDRR in cooperation with the UN Office for Disaster Risk Reduction (UNDRR) and the European Union had also organized the 4th edition of the World Reconstruction Conference (WRC). This is the first time that the country has been afforded the opportunity of co-chairing the CG meeting of GFDRR. |
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| Source- Press Information Bureau (PIB) |
 The UN has imposed sanctions on terror group ISIS-Khorasan (ISIS-K) for its links with Al-Qaeda and involvement in several attacks in Afghanistan and Pakistan. It is now subject to the assets freeze, travel ban and arms embargo. The group, formed in 2015 by a Pakistani national and a former commander of the Tehrik-e-Taliban Pakistan, has killed over 150 people. The United Nations Security Council’s 1267 Al Qaeda Sanctions Committee sanctioned Islamic State in Iraq and the Levant – Khorasan (ISIL-K). |
| Source- Press Information Bureau (PIB) |
 Merchant service and UPI payments app BharatPe has roped in Bollywood actor Salman Khan as its brand ambassador. The new brand campaign with Khan will be focused towards educating merchants and users about UPI payments along with driving adoption of BharatPe app for all their business needs. |
| Source- Business Standard |
 The Reserve Bank of India has appointed its former Deputy Governor, R Gandhi, on the board of private sector lender YES Bank as an additional director. The appointment has been done in exercise of powers conferred under sub-section (1) of Section 36AB of the Banking Regulation Act, 1949. The RBI has the power to appoint additional directors on the board of a bank if it feels it is in the interest of the banking company or its depositors. |
| Source- The Hindu Business Line |
 Ace Special Forces operative and Sri Lanka war veteran Major General AK Dhingra has been appointed as the first head of country’s first tri-services Special Operations Division comprising commandos from all three services. The Armed Forces Special Operations Division has been set up by the government to undertake joint operations by three services and will have elements from the Army’s Parachute Regiments SF, Marine Commandos (MARCOS) of the Navy and the Garud Commandos of the Indian Air Force. |
| Source- ANI News |
 A tripartite MoU was signed between National Mission for Clean Ganga, HCL Foundation and INTACH for taking up a project of ‘Plantation of Rudraksh Trees in Uttarakhand’ as a part of CSR initiative under the ‘Namami Gange’ Programme. The project aims at planting 10,000 Rudraksh trees in the catchment area of river Ganga in Uttarakhand in association with local community and other stakeholders. It will also help in generating income for people residing in those areas. |
| Source- Press Information Bureau (PIB) |
 Digital payments company Paytm, in association with Citibank, launched its first credit card called Paytm First Card. Paytm First Card comes with unlimited cash back and will be accepted in India as well globally. The card is issued by Citibank and doesn’t involve any hidden fees or charges. An annual fee of Rs 500 will be fully waived off on expenses above Rs 50,000 per year. |
| Source- CNBC |
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