 HDFC Bank had announced that the RBI had approved the re-appointment of Aditya Puri as MD and CEO of the bank for another two years. Aditya Puri will now serve the office from November 1, 2018, to October 26, 2020. Shareholders had already approved his appointment in 2015 for five years subject to the RBI’s approval. Puri has been with HDFC Bank since 1994, making him the longest-serving head of any private bank in the country. |
| Source- The Livemint |
 Tourism minister KJ Alphons along with a delegation of senior officials attended the 109th session of United Nations World Tourism Organization (UNWTO) Executive Council in Manama, Bahrain. The Executive Council will discuss several topics on the agenda that are related to the development of global Tourism sector. During the opening day of the Executive Council meeting, Alphons chaired the ‘Programme and Budget Committee’ meeting of UNWTO. For the first time, UNWTO had a surplus budget and most of the arrears due have been paid. India will be the chair of Programme and Budget Committee of Executive Council till 2021. |
| Source- Press Information Bureau (PIB) |
 The first ever India-US Dialogue on Intellectual Property has been launched in Delhi to deepen bilateral strategic cooperation on IP policy. The dialogue was launched by US Chamber of Commerce’s Global Innovation Policy Center (GIPC) and FICCI in partnership with the US-India Business Council. It will be convened annually, alternating between New Delhi and Washington, DC. |
| Source-Business Today |
 Indian Air Force has organised a two day seminar on ‘Emerging Trends in Aviation Engineering and Logistics’ (AVIAMAT-2018) at Air Force Auditorium, Subroto Park, New Delhi. The Seminar brought together designers, producers, and users of high-tech aviation equipment to discuss the potential of innovative indigenous technologies. |
| Source-India.gov.in |
 The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI. IDFs are investment vehicles for channelling investment into India’s infrastructure sector. IDFC-IFL, with a loan book of Rs 4500 crore, lends to operating infrastructure projects, helping original project financiers to recycle their capital following the commencement of operations. |
| Source- The Economic Times |
 India has signed a $950 million contract with Russia for two upgraded Krivak III-class stealth frigates. A government-to-government contract was signed between India and United Shipbuilding Corporation of Russia last week for the supply of two stealth frigates. The 4,000-ton Krivak III vessels will also accommodate two multirole helicopters and will be used for anti-submarine and airborne early warning missions. |
| Source- Hindustan Times |
 Odisha Chief Minister Naveen Patnaik launched the Soura Jalanidhi scheme that aims to increase use of solar energy for helping farmers in irrigating their land. ‘Soura Jalanidhi’, is a dug well based solar pump irrigation system in convergence mode. Under the scheme, 5,000 solar pumps will be given to Odisha farmers at a subsidy of 90 percent to irrigate 2,500 acres of land. |
| Source- The Business Standard |
 PM Narendra Modi inaugurated Sardar Vallabhbhai Patel’s memorial on the leader’s 143rd birth anniversary in Gujarat’s Narmada district. Called the Statue of Unity, the bronze sculpture is the world’s tallest statue measuring 600 feet (182m) and overshadows China’s Spring Temple Buddha (153m) and USA’s Statue of Liberty (93m). The memorial was constructed in 33 months at Rs2,989 crore. |
| Source- India Today |
 India’s first engine-less train, “Train 18”, developed by the Integral Coach Factory (ICF) and seen as a successor to the prestigious Shatabdi Express, was unveiled by Railway Board Chairman Ashwani Lohani.
The Rs. 100-crore train is the first long-distance train, without a separate locomotive (engine). It was flagged off at the ICF premises by Mr Lohani and would undergo trials. According to ICF, the train is capable of running at a speed of up to 160 kmph and comes with technical features for enhanced quick acceleration. The swanky 16-coach train will cut journey time by 15% compared to the 30-year old Shatabdi.
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  The world’s largest airport terminal “under one roof” with a capacity to serve 90 million passengers has been officially opened on October 29 in Istanbul, which marks the Republic Day of Turkey. Overall the first phase has cost 7.5 billion Euro. The airport has been envisioned to have a total capacity of up to 200 million passengers, once all four phases are completed in the next 10 years. |
| Source-The New Indian Express |
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