 NMDC Limited and NLC India Limited (formerly Neyveli Lignite Corporation) has decided to invest over USD 26 million for setting up an R&D facility for developing innovative technologies in iron and steel making. Australian Securities Exchange, the NLC and NMDC will sign the Master Project Agreement (MPA) with ECT to establish world's first Australian-designed Coldry and Matmor plant in Tamil Nadu. Senior executives of NMDC Limited and NLC India Limited will visit Australia to sign a joint R&D agreement with Environmental Clean Technologies Limited (ECT) an Australian company expert in commercialising leading-edge coal and iron-making technologies. |
| Source- The Moneycontrol |
 Venezuela's President Nicolas Maduro was reelected for a second six-year term in presidential elections, according to the National Electoral Council (CNE). Some 14,638 voting centers have been set up nationwide for Venezuela's more than 20.5 million eligible voters, who are also voting for state legislators. Mr Nicolas had replaced Hugo Chavez after his death from cancer in 2013. |
| Source- DD News |
 The Appointments Committee of the Cabinet approved the appointment of Mahanadi Coalfields chief Anil Kumar Jha as Chairman and Managing Director (CMD) of Coal India. Jha had replaced Coal Ministry's Additional Secretary Suresh Kumar. Jha has been appointed till his superannuation on January 31, 2020. |
| Source- The Hindu |
_6.PNG) Rating agency ICRA Ltd expects gross domestic product (GDP) growth in the fourth quarter of the fiscal 2017-18 at 7.4% on account of good Rabi crop harvest and improved corporate earnings, up from 7.2% in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the March 2018 quarter and provisional annual estimates for the year 2017-18 on 31 May. As per ICRA, the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms is likely to record a considerable recovery to 7.3% in Q4 FY2018 from 6.7% in Q3 FY2018, thereby rebounding above 7% after a gap of five quarters. |
| Source- The Livemint |
 Barcelona forward Lionel Messi has won the European Golden Shoe for the fifth time. The Argentina international claimed the prize after scoring 34 goals in La Liga this season, helping his club to a 25th league triumph. Messi also won the award last year, as well as in 2010, 2012 and 2013. Four-time winner Cristiano Ronaldo finished ninth in the rankings after scoring 26 goals for Real Madrid in La Liga. |
| Source- Hindustan Times |
 Prajnesh Gunneswaran won the prestigious T.K. Ramanathan award for the year 2017-18 at the Tamil Nadu Tennis Association (TNTA) annual day function at the SDAT tennis stadium. He received a cash prize of Rs. 30,000. |
| Source- The Hindu |
 Reliance Industries Ltd. (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338 crore. The proposal is to expand the gas cracker and downstream plants located at Nagothane village in Raigad district by way of debottlenecking, expansion and change of fuel in a captive power plant (CPP). |
| Source- The Moneycontrol |
 The Reserve Bank of India (RBI) has imposed a penalty of Rs5 crore on South Indian Bank (SIB) for non-compliance with its directions on Income Recognition and Asset Classification (IRAC) norms, Know Your Customer (KYC) norms and treasury function. The penalty has also been imposed on the Thrissur-headquartered private sector bank for deficiencies in its compliance function and compliance culture. |
| Source- The Hindu Business Line |
 The Aeronautical Development Agency (ADA), which had conceived and designed the Light Combat Aircraft (LCA) Tejas, has set the ball rolling for building the next generation defence aircraft, the Advanced Medium Combat Aircraft (AMCA), by extending an invitation to private players in Coimbatore to build a technology demonstrator. The proposal is not only the first time an indigenous military aircraft programme is seeing the involvement of private players, but it is also the first time a defence plane development project is proposed to be executed outside Bengaluru. The project to be implemented in Sulur in Coimbatore district which may house the permanent base of the Tejas squadron marks Tamil Nadu’s first major defence aircraft project. |
| Source- The Economic Times |
 The Indian women’s Hockey team failed to defend its crown at the fifth Asian Champions Trophy, as it lost to hosts South Korea, 0-1 in the summit clash at Donghae City, South Korea. A goal by Youngsil Lee clinched the Korean team as the winner of Champions Trophy. The final was India’s first defeat of the tournament. South Korea has lifted the title for the third time after having won it in 2010 and 2011. India, on the other hand, finished second best for the second time after having lost to Japan in the final of the 2013 edition. Indian striker Vandana Katariya was declared player of the tournament while youngster Lalremsiami was named as the upcoming player of the tournament. |
| Source- DD News |
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