Flipkart shuts down Jabong

E-Commerce major Flipkart recently shut down its Jabong- lifestyle and fashion e-commerce portal. The users are being redirected to the website of its another fashion company, Myntra. Flipkart, which is now owned by Walmart, had acquired Jabong for $70 million ..

RBI extends deadline for restructuring MSME borrower accounts

In the recent Monetary policy committee statement released by the Reserve Bank of India, it extended the deadline for one-time restructuring of GST-registered MSME borrower account, by further one year to March 31, 2021. The restructuring was to be implemented ..

RBI Monetary Policy – Repo rate remains 5.15%

The Reserve Bank of India (RBI) recently conducted its sixth bi-monthly Monetary policy committee (MPC) meeting and released the statement. The repo rate was left unchanged at 5.15%, as a unanimous decision taken by the MPC members. The central bank ..

Virat Kohli tops brand valuation study by Duff and Phelps

Indian Cricket star Virat Kohli retains his top rank in the latest brand valuation study by Duff & Phelps. He is placed at the first spot third year in a row. The report revealed that Virat Kohli has increased his ..

HAL and Israel’s Elbit Systems sign MoU for UAV development

During the on-going exhibition DefExpo-2020, an MoU was signed between Hindustan Aeronautics Limited and Israel’s Elbit Systems, for joint development of an unmanned aerial vehicle (UAV). The agreement aims at analyzing the feasibility of developing an UAV, which performs vertical ..

Five Indian Institutes of Information Technology to get INI status

The Union Cabinet recently approved the Indian Institutes of Information Technology (IIITs) Laws (Amendment) Bill, 2020, to confer the status of Institution of National Importance (INI) to five Indian Institutes of Information Technology (IIITs). The Five IIITs in Public-Private-Partnership mode at ..

Jaipur formally certified as World Heritage site

The Pink City of India, Jaipur, was formally certified as a World Heritage site by the Director General of UNESCO, Audrey Azoulay. The World Heritage City certificate was presented at a ceremony held at the historic Albert Hall of Jaipur. ..

India’s 13th major port to be set up in Maharashtra

The Union Cabinet of India recently approved to set up 13th major port of India, at Vadhavan in Maharashtra. The project is to entail a total cost of Rs 65,544 crore. The government is expected to hold 51 per cent ..

Twitter to label fake news and remove harmful data

US-based social networking and microblogging service, Twitter recently announced that it would label the fake media shared on its platform. From next month, Twitter will start labeling the photo or video, so that its users can identify that the media ..

US launches International Religious Freedom Alliance

The United States recently launched the International Religious Freedom Alliance, which is aimed at protecting and preserving religious freedom across the world. The U.S. Secretary of State Mike Pompeo announced the formal launch of the alliance. As many as 27 ..