 Hospitality startup OYO has appointed Max Healthcare Executive Director Rohit Kapoor as the CEO of its new real estate business. Rohit Kapoor stated that he is thrilled to join OYO’s mission of upgrading different forms of real estate and creating unique accommodations experiences. He holds an MBA from Indian School of Business and is a certified Chartered Financial Analyst (CFA Institute, USA). Kapoor will be reporting to OYO Hotels & Homes Founder & Group CEO Ritesh Agarwal. |
| Source: The Business Today |
 G-20 Summit 2018 held at Buenos Aires, Argentina. Prime Minister Narendra Modi will attend the summit. According to the Foreign Secretary Vijay Gokhale, there will be three sessions during the summit and Mr. Modi will attend several bilateral meetings on the sideline of the summit. He will also attend a trilateral meeting with U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe. The Prime Minister will be speaking on several welfare schemes including Ayushman Bharat, soil health card, MUDRA Yojna among other issues in Putting People First session. |
| Source: News on AIR |
 Raksha Mantri Smt Nirmala Sitharaman has formally launched ‘Mission Raksha Gyan Shakti’, in New Delhi. The event showcased salient inventions and innovations achieved by Defence Research and Development Organisation (DRDO), Defence Public Sector Undertakings (DPSUs) and Ordnance Factories (OFs) which have resulted in the successful filing of Intellectual Property Right (IPR) applications. As part of the ongoing initiatives to enhance self-reliance in defence, the Department of Defence Production has instituted a new framework titled ‘Mission Raksha GyanShakti’which aims to provide a boost to the IPR culture in the indigenous defence industry. The end objective of ‘Mission Raksha Gyan Shakti’ is to inculcate IP culture in Indian defence manufacturing ecosystem. |
| Source: Press Information Bureau |
 Stephen Hillenburg, the creator of SpongeBob SquarePants, has passed away at the age of 57. He was diagnosed with amyotrophic lateral sclerosis (ALS), also known as motor neurone disease (MND), in March 2017. He was also honoured with a special Emmy “for his contribution and impact made in the animation field and within the broadcast industry” in early 2018. |
| Source: The Economic Times |
 Singer Mohammed Aziz has passed away aged 64 following a cardiac arrest in Mumbai. He was returning from Kolkata when he collapsed at the airport. Aziz, who did playback singing in Hindi, Bengali and Odia films, was known for songs like ‘My Name is Lakhan’, ‘Mard Tangewala’ and ‘Main Teri Mohabbat Mein’. |
| Source: The Indian Express |
 The government has approved 100 percent stake sale in state-owned airline Air India’s ground-handling company Air India Air Transport Services Limited (AIATSL). The approval comes at a time when the government is working on ways to revive the fortunes of Air India — estimated to have the debt burden of more than Rs 500 billion, including the sale of non-core assets. AIATSL is Air India’s only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 334 million, earning Rs 6.2 billion in revenues from its handling operations. |
| Source- Business Standard |
 Sunil Arora has been appointed as the new Chief Election Commissioner of India. He succeeds Om Prakash Rawat. He will take over the top job on December 2. A former bureaucrat, Arora was appointed as Election Commissioner in August 2017. A 1980-batch IAS officer of the Rajasthan cadre, Arora has worked in ministries such as finance, textiles and the Planning Commission. Ashok Lavasa is the second election commissioner. |
| Source: News on AIR |
 Romanian Foreign Minister Teodor Melescanu is on an official visit to India. External Affairs Minister Sushma Swaraj held delegation-level talks with her Romanian counterpart in New Delhi. They discussed diversifying the historical relations and boosting cooperation in the fields of agriculture, ICT, health and pharma, education, tourism, and culture. He stated that Romania “strongly supports” India’s proposal in the UN for a Comprehensive Convention on International Terrorism (CCIT). |
| Source: AIR World Service |
 The 19th edition of the prestigious Laureus World Sports Awards will be held in Monaco on February 2019. Considered the ‘Oscars of sports’, the Laureus World Sports Awards celebrate global sporting achievements across the calendar year. Former India cricket captains Kapil Dev, Rahul Dravid, and Sachin Tendulkar are members of the Laureus Academy. In 2018, Tennis great Roger Federer won the Laureus Sportsman of the Year award for a record fifth time, while Serena Williamswon the Sportswoman of the Year recognition for the fourth time. |
| Source- The Business Standard |
 The Reserve Bank has relaxed norms for External Commercial Borrowings (ECBs) by reducing the mandatory hedging provision to 70% from the current 100%. The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years. On a further review of the extant provisions, it has been decided, in consultation with the government of India, to reduce the mandatory hedge coverage from 100% to 70% for ECBs raised under Track-I of the ECB framework. |
| Source-The Live Mint |
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