 According to the Department of Industrial Policy and Promotion data, Foreign Direct Investment, FDI in India rose 23% to 12.8 billion dollars during the April to June quarter of this fiscal. The foreign fund inflows in April-June 2017-18 stood at 10.4 billion dollars. Key sectors that received maximum foreign investment during the first quarter of the current fiscal include services 2.4 billion dollars, trading 1.62 billion dollars and telecommunications 1.59 billion dollars. Singapore was the largest source of FDI during April to June quarter with 6.52 billion dollars. |
| Source- AIR World Service |
 Punjab National Bank (PNB) has announced that the Department of Financial Services report has rated it as number one state-owned bank in terms of digital transactions. The Nirav Modi scam-hit bank is also rated as the sixth overall amongst all banks in India for digital performance. The bank is rated as ‘Good’ by the government with a score of 71 which is the highest category of performance. PNB average percentage of technical declines is only 0.83 per cent of total transactions which is an achievement in itself. |
| Source- The Hindu Business Line |
 DBS Bank has been named the world's best bank by Global Finance magazine, in a reflection of its ability to invest in digital innovation while still maintaining stable operations for its customers. DBS is the first Asian bank to receive the accolade from the New York-based publication, which last year gave the title to ING Bank. |
| Source- straitstimes.com |
 India’s first Indian human mission will be launched by Indian Space Research Organisation (ISRO) by 2022. This was stated by the Union Minister of State (I/C) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh. The programme will make India the fourth nation in the world to launch a Human Spaceflight Mission. So far, only the USA, Russia and China have launched human spaceflight missions. PM Modi had earlier announced `Gaganyaan — India's maiden human spaceflight programme'. This is the most ambitious space programme undertaken by ISRO till date and is essential as it will give a big boost to the Science and Technology development within the country. |
| Source- Press Information Bureau (PIB) |
 In a Historic day for the country's aviation and energy sector, India's first biofuel-powered flight landed in Delhi, covering the distance between Dehradun & Delhi. The biofuel is developed by Indian Institute of Petroleum. The flight test was successfully completed by SpiceJet. The flight was powered with a blend of 75% air turbine fuel (ATF) and 25% biojet fuel. The advantage of using biojet fuel as compared to ATF is that it reduces carbon emissions and enhances fuel efficiency. Made from Jatropha crop, the fuel has been developed by the CSIR-Indian Institute of Petroleum (IIP), Dehradun. |
| Source- DD News |
 External Affairs Minister Sushma Swaraj begun her four-day tour of Vietnam and Cambodia, with an aim to deepen India’s strategic cooperation with the two key nations in the ASEAN region. She will inaugurate the 3rd Indian Ocean Conference in Hanoi. In Vietnam, she will co-chair the 16th meeting of the Joint Commissionalong with her Vietnamese counterpart, Pham Binh Minh. In the second leg of her two-nation tour, she will visit Cambodia. She will have a bilateral meeting with her Cambodian counterpart Prak Sokhonn and also call on Prime Minister Hun Sen and President of Senate Say Chhum. This will be her first official visit to Cambodia. |
| Source- AIR World Service |
 In Sri Lanka, the fourth Asian electoral stakeholders forum (AESF-IV) begins in Colombo to discuss the state of elections and democracy in the region. The two-day forum is being held for the first time in South Asia with support from the Election Commission of Sri Lanka and the Asian network for free elections (ANFREL). The AESF will be attended by more than 250 delegates from 45 countries. The theme is, ‘Advancing Election Transparency and Integrity: Promoting and Defending Democracy Together’. India is being represented by Chief Electoral Officer of Maharashtra Ashwini Kumar and an NGO. |
| Source- DD News |
 The 8th meeting of India-Kenya Joint Trade Committee was held in Nairobi, Kenya. The meeting was co-chaired by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu and Mr Peter Munya, Cabinet Secretary (Minister) for Industry, Trade and Cooperatives, Government of Kenya. A meeting of India-Kenya Joint Business Council was held on the sidelines of the Joint Trade Committee meeting. |
| Source- Press Information Bureau (PIB) |
 Reliance Power has announced that its wholly-owned subsidiary Reliance Power Netherlands BV has won an international arbitration award of $56 million (Rs 390 crore) against Prestige Capital Holdings (a Seychelles-based company) and Kokos Jiang. Kokos Jiang is the owner of Sugico Group in Indonesia, from whom Reliance Power had acquired the entire economic interest in three coal mining concessions in Indonesia in 2010. |
| Source- The Hindu Business Line |
 PepsiCo's India-born CEO Indra Nooyi will be honoured with the Game Changer of the Year award by a global cultural organisation Asia Society in recognition of her business achievements, humanitarian record and advocacy for women and girls around the world. The 2018 Asia Game Changer Awards will be given in October to individuals and institutions who have broken barriers, defined courage, worked miracles, and in turn inspired their fellow citizens of the world. |
| Source- The Economic Times |
You need to login to perform this action.
You will be redirected in
3 sec
