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Daily Archives: May 3, 2024

Nicknames of States of United States

Nicknames of States of United States

From the sprawling plains of the Midwest to the sun-kissed shores of the Pacific, the United States is a patchwork oJf diverse landscapes, cultures, and histories. Yet, beyond their geographical boundaries, each state possesses a unique identity, often celebrated through its distinctive nickname. Let’s embark on a fascinating voyage through the colorful tapestry of America’s …

Veteran Politician and Former Union Minister V. Srinivas Prasad Passes Away at 76

Veteran Politician and Former Union Minister V. Srinivas Prasad Passes Away at 76

The Indian political landscape has lost a seasoned leader with the passing of V. Srinivas Prasad, a Bharatiya Janata Party (BJP) Member of Parliament (MP) and former Union Minister. Prasad, who had an illustrious career spanning five decades, breathed his last at the age of 76 in Bengaluru, Karnataka. A Life Dedicated to Public Service …

India to Host 2025 BWF World Junior Badminton Championships in Guwahati

India to Host 2025 BWF World Junior Badminton Championships in Guwahati

The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF World Junior Championships at the National Centre of Excellence in Guwahati. This marks a significant milestone as India will be hosting this premier badminton event for the first time since 2008, when it was held in Pune. BWF World Junior …

ICICI Bank Joins India's Top 5 Companies with Market Cap Surpassing Rs 8 Trillion

ICICI Bank Joins India’s Top 5 Companies with Market Cap Surpassing Rs 8 Trillion

In a remarkable achievement, ICICI Bank has etched its name among India’s top five companies by market capitalization, surpassing the Rs 8 trillion mark. The private lender’s shares surged over 5%, propelling its market value to new heights and cementing its position as a financial powerhouse. Milestone for ICICI Bank ICICI Bank has become the …

RBI Announces 8% Interest on Floating Rate Bond 2034: All You Need to Know

RBI Announces 8% Interest on Floating Rate Bond 2034: All You Need to Know

The Government of India has introduced a Floating Rate Bond (FRB) maturing in 2034, with the Reserve Bank of India (RBI) declaring an 8% interest rate for the Floating Rate Savings Bond (FRSB) 2034. This bond offers a variable interest rate that resets every six months, reflecting market conditions. Interest Rate Mechanism The interest rate …

Adani Defence and EDGE Group Forge Global Defence Partnership

Adani Green Energy Secures $400 Million Finance for Solar Projects

Adani Green Energy Ltd (AGEL) has successfully obtained a $400 million finance package from a consortium of five international banks to support its ongoing solar projects in Gujarat and Rajasthan. These projects, totaling 750 MW in capacity, are slated to commence operations from November 2024 onwards. Project Details One of the projects, located in Rajasthan, …

Solomon Islands Elects Pro-China Leader Jeremiah Manele as New Prime Minister

Solomon Islands Elects Pro-China Leader Jeremiah Manele as New Prime Minister

In a significant political development, the Solomon Islands has elected former Foreign Minister Jeremiah Manele as its new prime minister, indicating that the South Pacific island nation is likely to maintain close ties with China. Manele’s Victory and Promises Jeremiah Manele secured 31 votes in a secret ballot involving 49 lawmakers, defeating opposition leader Matthew …

NPCI Partners with Bank of Namibia to Develop UPI-Like Instant Payment System

NPCI Partners with Bank of Namibia to Develop UPI-Like Instant Payment System

In a groundbreaking move, NPCI International Payments Limited (NIPL) has joined hands with the Bank of Namibia (BoN) to introduce a real-time payment system akin to India’s Unified Payment Interface (UPI) in Namibia. This partnership marks NPCI’s first collaboration with a central bank for deploying the UPI stack in an international market, aiming to revolutionize …

Adani Green Energy Secures $400 Million Financing for 750 MW Solar Projects

Adani Green Energy Secures $400 Million Financing for 750 MW Solar Projects

Adani Green Energy Ltd (AGEL) has successfully secured USD 400 million financing from a consortium of five leading international banks for its 750 MW solar projects in Rajasthan and Gujarat. The financing will support the construction of these projects, expected to come online from November 2024 onwards. Project Details Rajasthan Project: A 500 MW capacity …