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Daily Archives: August 2, 2023

SBI Raises ₹10,000 Crore through 15-Year Infrastructure Bonds at 7.54% Coupon Rate

SBI Raises ₹10,000 Crore through 15-Year Infrastructure Bonds at 7.54% Coupon Rate

State Bank of India (SBI) successfully raised Rs 10,000 crore through its third infrastructure bond issuance. The bonds have a tenor of 15 years and were auctioned on July 31, attracting an overwhelming response from investors. Coupon Rate and Spread The coupon rate of the infrastructure bonds is set at 7.54 per cent. This rate …

August 2, 2023 -_5.1

U.P. Cabinet approves Water Tourism and Adventure Sports Policy

Uttar Pradesh Cabinet approved a policy on 1st August with the aim of making state a ‘water tourism and adventure sports destination’. Water Tourism and Adventure Sports Policy Uttar Pradesh Cabinet has recently given its approval to the policy of making the state ‘a water tourism and adventure sports destination.’ This policy will be valid …

GI tags for Goan mangoes and bebinca, crafts from Rajasthan and U.P

GI tags for Goan mangoes and bebinca, crafts from Rajasthan and U.P

The Geographical Indications Registry in Chennai has recently granted Geographical Indication (GI) tags to seven products from different regions of India, including four traditional crafts from Rajasthan. The GI tags provide recognition and protection to these unique products, highlighting their distinctiveness and origin. 1.Jalesar Dhatu Shilp Jalesar Dhatu Shilp is an complex Metal Craft originating …

August 2, 2023 -_7.1

Rishi Raj’s New Book “Kargil: Ek Yatri Ki Jubani” Released

Ajay Bhatt, Minister of State (MoS), Ministry of Defence (MoD), released the book and illustrations titled “Kargil: Ek Yatri Ki Jubani” (Hindi Edition) authored by Rishi Raj at the Constitution Club of India, New Delhi, Delhi. The book which pays tribute to the Martyrs of Kargil War was published by Prabhat Prakashan. The essence of …

August 2, 2023 -_9.1

Microsoft appoints Puneet Chandok to lead India operations

Microsoft has appointed Puneet Chandok as the new Corporate Vice President of Microsoft India and South Asia, effective from September 1, 2023. He will take over operational responsibilities from Anant Maheshwari and will lead the integration of Microsoft’s businesses across South Asia, including countries like Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka. Puneet aims to …

Karnataka Leads with Most Billionaire MLAs, Uttar Pradesh Lags Behind: ADR Analysis

Karnataka Leads with Most Billionaire MLAs, Uttar Pradesh Lags Behind: ADR Analysis

The Association for Democratic Reforms (ADR) recently conducted a comprehensive analysis of the assets of MLAs from various political parties in India. The report sheds light on the average wealth of MLAs, the percentage of billionaire MLAs, and the representation of women in state assemblies. Karnataka emerges as the state with the highest average assets …

India's Manufacturing PMI Eases to 3-Month Low in July Amid Inflationary Pressure

India’s Manufacturing PMI Eases to 3-Month Low in July Amid Inflationary Pressure

India’s manufacturing sector experienced a slight dip in growth momentum in July, with the Purchasing Managers’ Index (PMI) falling to 57.7 from 57.8 in June and 58.7 in May. However, the figure still indicates expansion in the sector. The buoyant demand, both domestic and in exports, played a crucial role in maintaining the growth momentum. …