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Monthly Archives: April 2024

Moody's Maintains Stable Outlook on Three Indian PSU Banks' Ratings

Moody’s Analytics Forecasts India’s Economy to Grow by 6.1% in 2024

April 13, 2024

Moody’s Analytics projects a modest uptick in India’s economic growth for 2024, estimating a 6.1% expansion, slightly higher than the 6% projected earlier in March. Despite the growth, it remains lower than the 7.7% recorded in 2023. The report highlights concerns regarding inflation, citing India’s recent consumer price inflation hovering around 5% with no clear …

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Adani Green Energy Builds World's Largest Renewable Energy Park in Khavda, Gujarat

Adani Green Energy Builds World’s Largest Renewable Energy Park in Khavda, Gujarat

April 13, 2024

Adani Green Energy Limited, an Adani Group company, is building the world’s largest renewable energy park in Khavda, Kutch district of Gujarat. The park is spread over 538 square kilometers, which is about five times larger than the total size of the French capital, Paris. Khavda Plant Capacity According to Vineet Jain, Managing Director of …

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India Overtakes China in Digital Services Exports: Key Findings from WTO Report

India Overtakes China in Digital Services Exports: Key Findings from WTO Report

April 13, 2024

In 2023, India emerged as a frontrunner in digital services exports, surpassing China, as outlined in the World Trade Organisation (WTO) report. The report highlights significant growth in digitally delivered services globally, with India’s exports reaching $257 billion, marking a 17 percent increase from the previous year. This growth outpaced that of Germany and China, …

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April, 2024 - - Part 33_7.1

Neobank Revolut India Receives In-Principle Approval for PPI License from RBI

April 13, 2024

In a significant development, Revolut India, backed by Tiger Global and Softbank, has secured in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI). This approval marks a crucial step for Revolut in expanding its presence in the Indian market, enabling the provision of multi-currency forex cards and cross-border remittance …

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Sachidananda Mohanty Appointed as Member, University Grants Commission (UGC)

Sachidananda Mohanty Appointed as Member, University Grants Commission (UGC)

April 13, 2024

Sachidananda Mohanty has been appointed as a Member of the University Grants Commission (UGC) for a period of three years with immediate effect. The appointment was made by the Ministry of Higher Education, Government of India, as per a gazette notification. Background of Sachidananda Mohanty: He is a former Professor and Head of the Department …

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MUFG to Acquire 20% Stake in HDB Financial Services, Valuing at $9-10 Billion Pre-IPO

MUFG to Acquire 20% Stake in HDB Financial Services, Valuing at $9-10 Billion Pre-IPO

April 13, 2024

In a significant move, Japan’s MUFG is set to purchase a 20% stake in HDB Financial Services, a subsidiary of India’s HDFC Bank. The deal is poised at a valuation of $9-10 billion before the initial public offering (IPO), making it one of the largest transactions in India’s shadow banking sector. HDB Financial, a non-deposit-taking …

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Ashneer Grover Ventures into Fintech with ZeroPe Medical Loan App

Ashneer Grover Ventures into Fintech with ZeroPe Medical Loan App

April 13, 2024

Ashneer Grover is the co-founder and former managing director of the fintech company BharatPe. After his high-profile exit from BharatPe in 2022, Grover has now ventured into the fintech space again with a new app called ZeroPe. Introducing ZeroPe: Grover’s Latest Fintech Venture ZeroPe is a new fintech app that is currently in the testing …

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Gopi Thotakura: First Indian Pilot to Embark on Space Tourism with Blue Origin

Gopi Thotakura: First Indian Pilot to Embark on Space Tourism with Blue Origin

April 13, 2024

Gopi Thotakura is making history as the first Indian pilot to venture into space as a tourist, joining Blue Origin’s NS-25 mission. His selection highlights a significant milestone in India’s space exploration journey, marking a new era for space tourism. Gopi Thotakura: Pilot and Adventurer Gopi Thotakura, an accomplished pilot and adventurer, brings a wealth …

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World Chagas Disease Day 2024, Date, Theme, History and Significance

World Chagas Disease Day 2024, Date, Theme, History and Significance

April 13, 2024

The World Health Organization (WHO) observes World Chagas Disease Day every April 14th to raise awareness about the neglected tropical disease that affects millions of people, especially in Latin America. The 72nd World Health Assembly dedicated this day to the disease in 2019. World Chagas Disease Day 2024-Theme In 2024, the theme for World Chagas …

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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 2024 article.

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