Economy & Banking Current Affairs

SpiceJet partners with GHASL to set up warehousing, distribution and trading facility

Gurgaon-based India’s air carrier SpiceJet recently announced its partnership with GMR Hyderabad Aviation SEZ Limited (GHASL) for setting up a warehousing, distribution and trading facility. GAHSL is a fully-owned subsidiary of GMR Hyderabad International Airport Ltd (GHIAL). The facility is to be set up in the airport operator’s aerospace and industrial park. This pact is expected to improve the ..

Category: 

Topics: 

SBI to infuse Rs.725 Cr into Yes Bank

The Reserve Bank of India drafted a reconstruction plan of Yes Bank recently. As per the plan, the investor bank shall buy 49% stake in Yes Bank. Recently, the State Bank of India announced that the executive committee of its central board approved for purchase of 725 Crore shares in YES Bank at a price ..

Category: 

Topics: 

India’s CAD narrows to 0.2% in December quarter

As per the recent notification of the Reserve Bank of India, Current Account Deficit (CAD) was 0.2% of GDP in December quarter when compared to 0.9% of GDP in the September quarter. It also stated that the CAD narrowed to 1% of GDP in April to December of 2019-20 when compared to 2.6% in April-December ..

Category: 

Topics: 

‘Wings India 2020’ commences in Hyderabad

The civil aviation exhibition and air-show ‘Wings India 2020’ has commenced in the capital city of Teleangana, Hyderabad. It is a biennial event organised by the Federation of Indian Chambers of Commerce & Industry (FICCI), Ministry of Civil Aviation and the Airports Authority of India (AAI). The event was planned to be held for four ..

Category: 

Topics: 

ADB to provide $200 million to companies manufacturing and distributing medicines to tackle COVID-19

The Asian Development Bank (ADB) announced that it will provide USD 200 million to companies which manufacture and distribute medicines and other things required to combat the novel coronavirus (COVID-19). The financial assistance will be made available through ADB’s Supply Chain Finance Program and provided to selected companies. This support is to provide additional working ..

Category: 

Topics: 

Facebook launches ‘Pragati’ in India

Major Technological Company Facebook launched its Corporate Social Responsibility (CSR) initiative called ‘Pragati’ in India. The initiative which aims to boost women entrepreneurship in India, is powered by N/Core (The/Nudge Centre for Social Innovation). The project will incubate and accelerate early-stage women-led non-profit units that work on women entrepreneurship. The initiative will award four financial ..

Category: 

Topics: 

advertisement