 Seven Indian companies have been listed in Fortune’s 500 list 2018 of world biggest corporations. Indian Oil Corporation (IOC) is the highest ranked company from India followed by RIL which jumped 55 places. The US-based retail company, Walmart has topped the list. IOC ranked 137th in 2018 with a significant jump from 168th position from 2017. RIL is the top private sector company in India. It ranked 148th in 2018 from 203rd from 2017. ONGC ranked 197th in 2018 which not even featured in 2017. SBI got 216th rank 1 place higher than 217th in 2017. |
|
The Top 3 companies on the list are:
|
| Source- The Fortune |
 Ranchi-based software developer Ranjit Srivastava is developing the world's first Hindi-speaking humanoid robot, claimed to cost just Rs50,000 so far. Named Rashmi, the AI-powered robot can also speak Bhojpuri, Marathi, and English, and is equipped with facial expressions and recognition systems. He was inspired to create Rashmi after seeing Hong Kong-made humanoid 'Sophia' in 2016. |
| Source- Hindustan Times |
 NITI Aayog has launched Move Hack, a global mobility hackathon to crowdsource solutions aimed at the future of mobility in India. Envisaged to be one of the largest hackathons globally, Move Hack is focused on 10 themes and structured over three legs: online, followed by Singapore leg, and the finals in New Delhi. |
MoveHack aims to bring about innovative, dynamic and scalable solutions to problems pertaining to mobility. The hackathon has a two-pronged campaign approach:
|
| The winners will be announced during the Move Summit 2018, which is also organized by NITI Aayog in September 2018 in New Delhi. Awards for the hackathon include recognizing top 10 winners, with total prize of more than Rs. 2 crores. |
| Source- Press Information Bureau (PIB) |
 Commerce and Industry Minister Suresh Prabhu launched a logo and tagline for Geographical Indications (GI) to increase awareness about intellectual property rights (IPRs) in the country. The slogan for the GI tag is- 'Invaluable Treasures of Incredible India'. A GI product is primarily an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a definite geographical territory. |
| Source- The Hindu |
President Ram Nath Kovind presented the Outstanding Parliamentarian Award for the years 2013-2017, in New Delhi. The Outstanding Parliamentarian Award was presented to the Best Parliamentarians from 2013 to 2017 for their remarkable contributions.
|
|
Winners of the award are listed below:
|
 Apple Inc. became the first US-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage. The consumer-technology giant briefly touched the milestone in New York, based on share count data the company disclosed in a recent regulatory filing. PetroChina Co. briefly crossed that valuation in late 2007 but slumped quickly as oil prices collapsed in the financial crisis. Since its inception in 1976, Apple has consistently re-imagined what a computer can be and defined how humans interact with devices and software. |
| Source- The Livemint |
 India's economy is expected to clock GDP growth of 7.5% in this financial year according to a Morgan Stanley report. The growth recovery will remain robust, supported initially by consumption and exports. In the January-March quarter, India's gross domestic product (GDP) grew at the fastest pace in seven quarters at 7.7% on robust performance by manufacturing and service sectors as well as good farm output. In aggregate, the report expect GDP growth to pick up to 7.5% in this financial year as against 6.7% in 2017-18. The report forecasts Consumer Price Index (CPI) inflation to remain slightly above the inflation target of 4% and the current account deficit below 2.5% of GDP. |
| Source-- The Moneycontrol |
 According to the state Minister for Public Health Engineering Banwari Lal, National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 772 crore for eight water projects in the rural areas of Haryana. Works on these projects, which will supply water to 256 villages and 72 hamlets, are in progress. The state government has sent three more project proposals, costing Rs 236.85 crore, to NABARD for financial assistance. |
| Source- Business Standard |
 Andhra Pradesh Government has approved Mukhyamantri Yuva Nestam, an unemployment allowance scheme to provide Rs 1000 per month unemployed youth in state. It was announced by Andhra Pradesh IT Minister Nara Lokesh who is also son of Andhra Pradesh Chief Minister Chandrababu Naidu. |
|
 First foreign lender to get nod; DBS waiting in the wings Mauritius-based SBM Group has received Reserve Bank of India’s approval to operate in the country through a wholly-owned subsidiary route. It is the first foreign lender to receive such a licence after local incorporation was introduced in 2013. Singapore’s DBS Bank is another lender which is awaiting final approval from the RBI to convert its 12 branches into a wholly owned subsidiary. |
| Source- The Hindu |
You need to login to perform this action.
You will be redirected in
3 sec
