Private sector lender, Tamilnad Mercantile Bank has received capital markets regulator Securities and Exchange Board of India’s (SEBI) to launch and raise funds through an initial public offering (IPO). The public issue comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders, according …
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HDFC Bank, a private sector bank, has inked an agreement with 100X.VC, a premier early-stage venture capital firm, to support start-ups. The bank will extend its full array of specialised services and facilities targeted for start-ups, known as Smart-Up, to all enterprises linked with 100X.VC under the terms of the deal. In addition, the bank …
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Prime Minister Narendra Modi has inaugurated Jal Bhushan Building at Raj Bhawan in Mumbai. Maharashtra Chief Minister Udhav Thackeray, Dy CM Ajit Pawar, Environment Minister Aaditya Thackeray and the State Governor Bhagat Singh Koshyari were also present on the occasion. The PM also inaugurated an underground ‘Gallery of Revolutionaries’ museum dedicated to the luminaries of …
The BRICS Partnership on New Industrial Revolution (PartNIR) Innovation Center and the BRICS New Growth Bank (NDB) signed a memorandum of understanding (MoU) to enhance bilateral cooperation and boost BRICS countries’ common development. The name BRICS stands for Brazil, Russia, India, China, and South Africa, a group of emerging markets. It is home to more …
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The National Herald corruption case is an ongoing case in a Delhi court brought by Indian economist and politician Subramanian Swamy against Sonia and Rahul Gandhi, their enterprises, and related individuals. According to a case filed in the Metropolitan Magistrate’s court, Associated Journals Limited (AJL) received a $90.25 crore (US$12 million) interest-free loan from the …
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The government has appointed industrialists Anand Mahindra, Pankaj R Patel and Venu Srinivasan, and former IIM (Ahmedabad) professor Ravindra H Dholakia as non-official directors on the central board of the Reserve Bank. The nominations have been made for four years by the Appointments Committee of the Cabinet (ACC). Buy Prime Test Series for all Banking, …
The US Federal Reserve increased its main interest rate by three-quarters of a percent, the largest increase in almost three decades, and signalled that more large rate increases are on the way, boosting the likelihood of another recession. The Fed’s decision, announced following its most recent policy meeting, would boost its benchmark short-term rate to …
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US president Joe Biden is expected to name Arati Prabhakar as the head of the White House Office of Science and Technology Policy (OSTP). She will succeed Eric Lander who left the role nine months after his appointment after he admitted to bullying his staff and creating a hostile work environment during his tenure. Buy …
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Adani Transmission Limited’s, $700 million revolving facility has been tagged as a ‘green loan’ by Sustainalytics. This assures the green loan framework for the revolving facility. Sustainalytics had issued the independent SPO on the alignment of the reviewed framework with the current market standards and the extent to which the eligible project categories are credible …
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Financial wellness platform, CASHe has launched an industry-first credit line service using its AI-powered chat capability on WhatsApp to provide customers with a fast, seamless and convenient way to access instant credit line by merely typing their name. The firm offers an instant credit limit without the need for any documents, app downloads or filling …
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Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2025 article.
