 India’s largest software services company Tata Consultancy Services (TCS) has surpassed US technology giant IBM in terms of market capitalisation. As of recent closing, the market cap of TCS stood at Rs8.37 lakh crore ($120.5 billion) compared to IBM’s $119.5 billion. TCS reported revenue of $20.9 billion in the previous fiscal while IBM ended 2018 with $79.6 billion in revenue. |
| Source- BSE |
 The Government of Japan has decided to invest an amount of 205.784 billion Yen,equivalent to approximately Rs.13,000 crore, in several ongoing as well as new projects in different states of India’s North- Eastern region. This was disclosed after a meeting which the DoNER Minister Dr Jitendra Singh had with the Japanese delegation led by Ambassador Mr Kenji Hiramatsu. |
| Source- Press Information Bureau (PIB) |
 British consumer goods giant Reckitt Benckiser named PepsiCo executive Laxman Narasimhan to succeed Rakesh Kapoor as chief executive officer. Narasimhan, PepsiCo’s global chief commercial officer, will join Reckitt as CEO-designate and be appointed to the board on July 16. He will become group CEO on September 1. |
| Source- The Hindu Business Line |
 Nripendra Misra and PK Mishra were re-appointed as Principal Secretary and Additional Principal Secretary, respectively, to Prime Minister Narendra Modi with Cabinet minister rank. The Appointments Committee of the Cabinet approved both the appointments with effect from May 31. Their appointments will be co-terminus with the term of the prime minister. |
| Source- News18 |
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| Arjun Munda, Union Minister for Tribal Affairs launched the “e-governance initiatives for ST Welfare schemes” at a function organized by Ministry of Tribal Affairs. A power point presentation on these new e-governance initiatives was made on the occasion. Shri Munda applauded the teamwork efforts of the Ministry of Tribal affairs for these-governance initiatives for Scheduled Tribes Welfare schemes and stated that as per the “SabkaSaath, SabkaVikas and SabkaVishwas”, these e-governance initiatives will serve their purpose of the betterment of tribal communities across the nation. |
| Source- PIB |
 The Reserve Bank of India constituted a six-member committee to review the ATM interchange fee structure with a “view to increase the ATM deployment in the unbanked areas”. The committee will be led by V G Kannan, Chief Executive, Indian Banks Association. |
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The terms of reference of the committee are as under:
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| Source: The Live Mint |
 Decisions taken in the first cabinet meeting of Andhra Pradesh:
Education sector: All women who send their children to school will receive Rs 15,000from the state government from 26 January next year.
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Agriculture Sector:
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| Source: Live Mint |
 Former Puducherry Chief Minister between 1996 and 2000, a senior Dravida Munnetra Kazhagam leader R V Janakiraman, who headed the coalition government of DMK and the Tamil Maanila Congress died after a brief age-related illness. |
| Source: The Press Trust of India |
 International Centre for Automotive Technology (ICAT) released India’s first Type Approval Certificate (TAC) for Bharat Stage – VI (BS – VI) norms that are the latest emission norms as notified by the Government of India for the two-wheeler segment. The certificate was released and handed over by Director ICAT, Dinesh Tyagi to top officials of the OEM (Original Equipment Manufacturers). |
| Source: The Press Information Bureau |
 NDMA is conducting a basic training programme at the Deendayal Port Trust in Kandla, Gujarat, aimed at increasing the awareness and enhancing the preparedness of Seaport Emergency Handlers (SEHs) to respond to CBRN (Chemical, Biological, Radiological and Nuclear) threats which emanate at seaports due to arrival, storage and transportation of a large amount of chemical, petrochemical and other CBRN agents. |
| Source: Press Information Bureau |
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