 PayU India has received Reserve Bank of India’s (RBI) approval to operate its own non-banking financial company (NBFC). The move will help PayU promote inclusive growth in the country by catering to the diverse financial needs of various segments of the society. The approval from the central bank is subject to “certain pending RBI compliance”. |
| Source- The Livemint |
 Federal Bank, which is in the process of formation of a wholly owned subsidiary company, has executed MOU with Infopark Kakkanad for leasing space in their campus. The Bank has already obtained in principle approval of the Reserve Bank of India for the creation of a subsidiary company. The proposed company will integrate and handle all the back-end operations of the Bank. This move towards having a distinct and exclusive outfit for back-end activities is a stride is in line with the practice of progressive financial institutions. |
| Source- DD News |
 Indigenously developed weapon system Man Portable Anti-Tank Guided Missile (MPATGM), was successfully flight tested for the second time from the Ahmednagar range, Maharashtra. All the mission objectives have been met. The two missions have been successfully flight tested for different ranges including the maximum range capability. |
| Source- AIR World Service |
 Kenyan Eliud Kipchoge set a new marathon world record in Berlin (Germany), smashing the previous best as he clocked 2 hours 1 minute 39 second. Kipchoge has dominated marathon racing since making his debut in Hamburg in 2013. The 33-year-old Olympic champion, aided by a string of pacemakers through to 25km of the 42.195 km race, took 1 minute 17 second off the previous best set four years ago by Dennis Kimetto. Ethiopian Ruti Aga finished second and her compatriot Tirunesh Dibaba third. |
| Source- News on Air |
 Simranjit Kaur (64kg), Monika (48kg) and Bhagyabati Kachari (81kg) claimed gold medals as Indian boxers notched up an impressive seven podium finishes at the Ahmet Comert Tournament in Istanbul, Turkey. Simranjit, a former national medallist, defeated Turkey’s Sema Caliskan to win the Gold. Bhagyabati was declared the most scientific boxer of the tournament. |
| Source- AIR World Service |
 India ranks third globally in terms of number of family-owned businesses with 111 companies having a total market capitalisation of $839 billion. India closely follows China with 159 firms and the US with 121 firms,according to the ‘Credit Suisse Family 1000 in 2018’ study, published by the Credit Suisse Research Institute (CSRI). As per the report, in terms of number of family-owned businesses within the non-Japan Asian region, the list is dominated by China, India and Hong Kong. These three jurisdictions together account for around 65% of the non-Japan Asian section of CSRI’s database. |
| Source- The Times of India |
 Former Union petroleum minister Satya Prakash Malaviya passed away in Delhi. He was 84. Mr. Malaviya was suffering from prostate cancer. Mr. Malaviya had served as the petroleum minister in the cabinet headed by former Prime Minister Chandra Shekhar. He also served as environment minister in the Uttar Pradesh cabinet. |
| Source- The Hindu |
 Indian Space Research Organisation (ISRO) successfully launched PSLV C 42 with two British earth observation satellites NovaSAR and S1-4 in precision from the Sathish Dhawan Space Centre Sriharikota, Andhra Pradesh. The satellites were put into sun-synchronous orbit just over 17 minutes after liftoff from the first launch pad. Prime Minister Narendra Modi has congratulated ISRO scientists for the successful launch of 2 UK satellites. |
| Source- News on Air |
 Union Minister of Home Affairs Rajnath Singh inaugurated two Comprehensive Integrated Border Management System (CIBMS) pilot projects along the India-Pakistan border in Jammu region. The pilot project includes two 5.5 kilometre-stretches in Jammu, the performance of which will be monitored, and based on the feedback improvements will be made for the rest of the system. A 60-kilometre long pilot project along the Bhramaputra river in Assam’s Dhubri district would also be launched in November. |
| Source- ANI News |
 For the first time in India, dog owners will have a dedicated dog park to visit. Set up in Hyderabad, the park is spread across an area of 1.3 acres. The park houses dog training equipment, play equipment, splash pool, fountain, areas for exercise, amphitheatre, lawns, separate kennels for small and big dogs and a dedicated dog clinic. |
| Source- The Times of India |
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