After the reserves reached its previous lifetime high in the week to March 6, it fell by $11.983 billion in the week ended March 20, the highest fall since the global financial crisis of 2008, and subsequently increased. https://www.financialexpress.com/economy/indias-forex-reserves-rise-to-487-billion/1968053/
The incubator-cum-accelerator, XHealth Innovation Lab, has been set up with an initial corpus of $50 million (nearly Rs 380 crore) for which investors have already given commitment for 60 percent of the funding, according to a source involved in the venture. https://www.moneycontrol.com/news/business/aster-dm-healthcare-lsv-capital-set-up-health-tech-incubator-with-50-million-corpus-5303861.html
Edelweiss Asset Management on Friday said it will launch the second tranche of Bharat Bond ETF in July, with two new series, to raise up to Rs 14,000 crore. https://economictimes.indiatimes.com/mf/mf-news/bharat-bond-etfs-second-tranche-coming-in-july-aims-to-garner-up-to-rs-14000-cr/articleshow/75890439.cms
Recently Defence Research and Development Organisation (DRDO) has listed 35 (approximately 13 major items) technologies related to COVID-19 pandemic for manufacturing, marketing and sale as per the specifications mentioned on its website. https://www.financialexpress.com/defence/drdo-covid-technology-transfer-for-msme-manufacturing-know-more-about-the-terms-conditions/1967656/
Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1.2 lakh crore, according to data released by the Reserve Bank of India. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/deposits-rise-over-rs-2-8-lakh-crore-in-six-weeks-of-lockdown/articleshow/75884568.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and now KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms. https://www.moneycontrol.com/news/business/companies/kkr-to-invest-rs-11367-crore-in-reliance-jio-ril-for-2-32-stake-5300311.html
“As per the MoU, NTPC and ONGC will explore and set up renewable power assets including offshore wind, in India and overseas, and explore opportunities in the fields of sustainability, storage, E-mobility and ESG (Environmental, Social and Governance) compliant projects,” a statement by ONGC said. Read more at: https://economictimes.indiatimes.com/industry/energy/power/ongc-ntpc-to-form-joint-venture-for-mega-projects/articleshow/75873450.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
RBI Governor Shaktikanta Das Press Conference | Highlights: Reserve Bank of India has extended the moratorium on loan repayments by another three months to 31 August 2020, while it also cut policy repo rate by 40 basis points to 4.0% after an unscheduled meeting of the Monetary Policy Committee. https://www.financialexpress.com/economy/rbi-governor-shaktikanta-das-press-conference-live-updates-reverse-repo-rate-crr-t-ltro-liquidity-monetary-easing/1967031/
The RBI had set the 25 percent limit for group exposure in June 2019, and capped lenders’ exposure to a single party at 20 percent. https://www.moneycontrol.com/news/india/rbi-raises-group-exposure-limit-for-banks-to-30-from-25-5301381.html
The Executive Board of WHO consists of 34 members, all of whom are technically qualified and hold the position for three years. https://www.financialexpress.com/lifestyle/health/harsh-vardhan-set-to-take-charge-as-who-executive-board-chairman-today-all-you-need-to-know/1967391/
