| 1. Axis Bank has acquired Snapdeal-owned Freecharge for Rs385 crore. The deal is subject to regulatory approval from the Reserve Bank of India (RBI) and the indicative time-frame to complete the acquisition is two months, the private sector lender said in an exchange filing. According to the RBI regulations, any bank can have one license for prepaid payments instrument(PPI) like FreeCharge. Axis Bank already have a PPI license, the lender has surrender one of the licenses. |
| 2. N. Dharam Singh, former Chief Minister of Karnataka has passed away. Congress Leader and former Chief Minister of Karnataka N. Dharam Singh (80-year) passed away due to a heart attack in Bengaluru. Mr. Singh headed the Congress-Janata Dal (Secular) coalition government from May 2004 to February 2006. |
| 3. Microsoft has officially launched a productivity app named ‘Kaizala’. Technology giant Microsoft has officially launched ‘Kaizala’, a productivity app that has been designed to enhance the collaboration and communication experience for Indian enterprises. The ‘Made for India’ app is designed for large group communications and work management and works even on 2G networks. The product will make it possible for organizations to interact with people within the organization as well as outside like partners and vendors in a seamless manner. |
| 4.PM Modi has inaugurated a national memorial of Dr. APJ Abdul Kalam in Rameshwaram. The Kalam memorial was built by the Defence Research and Development Organisation (DRDO) in Pei Karumbu. The memorial, built at a cost of 20 crores, blends Mughal and Indian architecture. Its main entrance resembles Delhi's India gate and the main door is a replica of the entrance of the Brihadiswara Temple in Tanjavur. |
| 5. Nitish Kumar takes oath as Chief Minister of Bihar for the 6th time. Less than a day after resigning as Bihar chief minister, Nitish Kumar took oath at 10 am today at Raj Bhawan in Patna as the head of the government that would include BJP and its allies. Prior to this, the party of Nitish Kumar, JD-(U) was supported by Mahagathbandhan allies with Lalu Yadav led RJD. Kumar met Governor Keshari Nath Tripathi yesterday with NDA leaders and staked claim to form a new government with the support of 132 MLAs. |
| 6. Janalakshmi Financial Services has appointed Ajay Kanwal as CEO. Kanwal, a veteran banker having 27 years of experience in both consumer and commercial banking sector, will take charge of office from August 1. The largest micro finance company 'Janalakshmi Financial Services' (JFS) has appointed a veteran banker 'Ajay Kanwal' as its new chief executive officer(CEO). Kanwal will take charge of office from 1st August this year. |
| 7. Sehwag, Usha named in Khel Ratna, Arjuna Award committee. Cricketer and former India opener Virender Sehwag and celebrated athlete P T Usha have been named in a 12-member Committee which has been handed the job to pick this year's Khel Ratna and Arjuna awardees. The Committee, will be headed by Retired Justice C K Thakkar. Among the other 9 members, the Committee has Mukund Killekar from the field of boxing, Kabaddi player Sunil Dabbas and Para athlete Latha Madhvi besides 3 journalists, Injeti Srinivas, Director General, Sports Authority of India and Ranvir Singh, Joint Secretary in the Sports Ministry. |
| 8. New continent discovered under New Zealand, called Zealandia. New continent discovered under New Zealand, mostly submerged unknown continent beneath the South Pacific has been named as Zealandia. Researchers said Zealandia is a distinct geological entity and meets all the criteria applied to Earth’s seven other continents - elevation above the surrounding area, distinctive geology, a well-defined area and a crust much thicker than that found on the ocean floor. |
| 9. Reliance Defence launches first two Navy ships ‘Shachi’ and ‘Shruti’. Reliance Infrastructure subsidiary Reliance Defence and Engineering Limited (RDEL) announced the launch of its first two Naval Offshore Patrol Vessels (NOPVs) at their shipyard in Pipavav, Gujarat. The two NOPVs, 'Shachi' and 'Shruti' are among five ships being constructed by RDEL under the P-21 project of the Indian Navy. It is the first private shipyard in India to obtain defence production licence and sign a contract for defence ships in 2011. |
| 10. Kylie Masse won gold in a new world-record time at the world aquatics championships in Budapest. Canada’s Kylie Masse (21-year) stormed to women's 100m backstroke gold in a new world-record time at the world aquatics championships in Budapest. Earlier, she tied for the bronze medal at the 2016 Summer Olympics in 100 m backstroke. Masse clocked 58.10 seconds and breaks Gemma Spofforth’s previous mark of 58.12 seconds from the 2009 championships. |
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