DAILY G.A UPDATE : 02-08-2016
1. Khemani, Veerendrakumar win Kusumanjalis Sahitya Samman 2016
Writer-politician and media personality MP Veerendra Kumar and author Kusum Khemani were awarded this year's Kusumanjalis Sahitya Samman for their contribution to literature in Malayalam and Hindi, respectively.
Kumar, a Rajya Sabha member, and the Chairman and Managing Director of Malayalam daily "Mathrubhumi", won the prize for his travelogue "Danube Sakshi" in which he chronicles his experiences in Europe on the shores of the river.
The award has been instituted by city-based Kusumanjali Foundation that seeks to promote and support artistic, literary and cultural endeavours in the country.
Writer Kusum Khemani was awarded for her Hindi novel "Lavanya Devi", which the Foundation described as "one that breaks age-old barriers and invents a future-oriented woman and lays the road for engendering life values for a new progress."
2. Wipro Infrastructure to acquire Israel's H R Givon
Wipro Infrastructure Engineering will acquire Israel-based H R Givon, supplier of metallic parts and assemblies to the aerospace industry.
3. HDFC issues world's first Masala or rupee bond listing in LSE
HDFC, India's largest private sector mortgage lender, raised Rs 30 billion by issuing the world's first ever "Masala" or rupee-denominated bond outside India in London Stock Exchange, a landmark event that will boost economic ties between India and the UK post Brexit.
UK Chancellor Philip Hammond described the "landmark" listing by the Housing Development Finance Corporation (HDFC) as a "major vote of confidence" in London. HDFC is the first company to issue a bond of this type, which raised Rupees 30 billion, equivalent to around US $450 million. It has a maturity of three years and an annual yield of 8.33 per cent and was more than four times oversubscribed.
4. TCHFL unveils low interest home loan at 4% for weaker section
Tata Capital Housing Finance Ltd (TCHFL) announced a new home loan scheme 'Prapti' targeted at low income group under the affordable housing plan.
Tata Capital Housing Finance Ltd (TCHFL) announced a new home loan scheme Prapti targeted at low income group under the affordable housing plan.
"By providing home loans at subsidised interest rates from 4 per cent, TCHFL will help individuals to realise their dream of buying their own home," the company said in a release.
Tata Capital said Prapti is a step towards governments Pradhan Mantri Awas Yojana envisaging to provide affordable houses to the urban poor by 2022.
The scheme specifically caters to segments like the lower income group (LIG), economically weaker section (EWS) of society, Scheduled Caste (SC), Scheduled Tribe (ST) and women residing in the peripheries of metros, tier I, II and III cities.
The scheme is applicable for households with an income of up to Rs 6 lakh per annum, the company said.
5. ICICI Bank teams up with Apollo to set up ARC
The country's largest private lender ICICI Bank has teamed up with private equity major Apollo Global Management to launch an asset reconstruction company (ARC).
ICICI and Apollo have signed a memorandum of understanding to set up the ARC, which will acquire debt from lenders and also take equity stakes in borrowers, a bank statement read.
6. Oracle India joins SBI to foster digital skills initiative
Global software and Cloud major Oracle India announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the 'D-Change' programme which will support education and learning, women's empowerment and rural skills development in the country.
7. Anant Maheshwari to be the President at Microsoft India
Software major Microsoft has named Anant Maheshwari, president at Honeywell India, as its next India head.
8. World Bank gives $100 million for Sri Lanka's economic reforms
The World Bank has approved a $100 million credit to support the Sri Lanka's economic reforms programme.
1. Khemani, Veerendrakumar win Kusumanjalis Sahitya Samman 2016
Kumar, a Rajya Sabha member, and the Chairman and Managing Director of Malayalam daily "Mathrubhumi", won the prize for his travelogue "Danube Sakshi" in which he chronicles his experiences in Europe on the shores of the river.
The award has been instituted by city-based Kusumanjali Foundation that seeks to promote and support artistic, literary and cultural endeavours in the country.
Writer Kusum Khemani was awarded for her Hindi novel "Lavanya Devi", which the Foundation described as "one that breaks age-old barriers and invents a future-oriented woman and lays the road for engendering life values for a new progress."
2. Wipro Infrastructure to acquire Israel's H R Givon
Wipro Infrastructure Engineering will acquire Israel-based H R Givon, supplier of metallic parts and assemblies to the aerospace industry.
3. HDFC issues world's first Masala or rupee bond listing in LSE
HDFC, India's largest private sector mortgage lender, raised Rs 30 billion by issuing the world's first ever "Masala" or rupee-denominated bond outside India in London Stock Exchange, a landmark event that will boost economic ties between India and the UK post Brexit.
UK Chancellor Philip Hammond described the "landmark" listing by the Housing Development Finance Corporation (HDFC) as a "major vote of confidence" in London. HDFC is the first company to issue a bond of this type, which raised Rupees 30 billion, equivalent to around US $450 million. It has a maturity of three years and an annual yield of 8.33 per cent and was more than four times oversubscribed.
4. TCHFL unveils low interest home loan at 4% for weaker section
Tata Capital Housing Finance Ltd (TCHFL) announced a new home loan scheme 'Prapti' targeted at low income group under the affordable housing plan.
Tata Capital Housing Finance Ltd (TCHFL) announced a new home loan scheme Prapti targeted at low income group under the affordable housing plan.
"By providing home loans at subsidised interest rates from 4 per cent, TCHFL will help individuals to realise their dream of buying their own home," the company said in a release.
Tata Capital said Prapti is a step towards governments Pradhan Mantri Awas Yojana envisaging to provide affordable houses to the urban poor by 2022.
The scheme specifically caters to segments like the lower income group (LIG), economically weaker section (EWS) of society, Scheduled Caste (SC), Scheduled Tribe (ST) and women residing in the peripheries of metros, tier I, II and III cities.
The scheme is applicable for households with an income of up to Rs 6 lakh per annum, the company said.
5. ICICI Bank teams up with Apollo to set up ARC
The country's largest private lender ICICI Bank has teamed up with private equity major Apollo Global Management to launch an asset reconstruction company (ARC).
ICICI and Apollo have signed a memorandum of understanding to set up the ARC, which will acquire debt from lenders and also take equity stakes in borrowers, a bank statement read.
6. Oracle India joins SBI to foster digital skills initiative
Global software and Cloud major Oracle India announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the 'D-Change' programme which will support education and learning, women's empowerment and rural skills development in the country.
7. Anant Maheshwari to be the President at Microsoft India
Software major Microsoft has named Anant Maheshwari, president at Honeywell India, as its next India head.
8. World Bank gives $100 million for Sri Lanka's economic reforms
The World Bank has approved a $100 million credit to support the Sri Lanka's economic reforms programme.
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