Dear Readers, get to know the daily current affairs today covering all the National & International Events provided here in this article. Current Affairs is an important topic in various competitive exams like IBPS/SBI/PO/Clerk and other competitive exams. To score better in this section, be updated with the daily happenings. Check the Daily Current Affairs September 2023 updates here. Revision is very important in remembering current affairs. Candidates after learning the Daily current affairs October 25 2023, can test their knowledge by attempting Current Affairs Quiz provided with answers. Daily current affairs October 25 2023 covers current affairs from International & National news, Important Days, State News, Banking & Economy, Business News, Appointments & Resignation, Awards & Honour, Books & Authors, Sports News, etc.,

Daily Current Affairs PDF of 25th October 2023

Get More: Static GK Pdfs

CURRENT AFFAIRS : BANKING & FINANCE

SEBI Relaxes Debt Market Access Guidelines for Large Corporates

• In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) introduced sops for large corporates (LCs), which have raised more than the mandated share of 25% of their qualified borrowing through the bond route.

Incentives Offered :

• Reduction in the annual listing fee for debt instruments.
• Reduced contributions to the Core Settlement Fund (CSF), which is part of the securities settlement infrastructure.

Key Highlights :

• The new framework will come into effect on January 1, 2024, for companies following the January-December financial year and on April 1, 2024, for those using the April-March financial year.
• At the same time, LCs that have a shortfall will be disincentive by being asked to pay an additional contribution to the CSF.
• SEBI has also provided a framework from FY25 onwards.
• A framework for future years requires companies to meet the borrowing quota over a contiguous three-year period, with potential advantages for those exceeding the mandate.
• At the end of three years (last day of T+2 year), if there is a surplus of borrowings at over 25%, the firms will have the following advantages.
• One, there will be a reduction in the annual listing fee between 2% to 10% at the end of T+2.
• Two, the contribution to the CSF will go down from 0.01% to 0.05%.
• The reduction in the fee will depend on meeting the norms between 0-15% and 75%.
• This rule shall not apply for listed scheduled commercial banks that have specified securities or debt  securities  or  non-convertible  redeemable preference  shares  listed  on  a  recognised stock exchange, have outstanding long-term borrowings of Rs 1,000 crore or more, grants, deposits or any other funds received as per the guidelines or directions of Government of India and have  a  credit  rating  of over AA/“AA+/AAA, among other conditions.

About SEBI :

• Established : 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters : Mumbai, Maharashtra
• Chairman : Madhabi Puri Buch (first woman to lead the SEBI)
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.

RBI Initiates Pilot Program for Wholesale Digital Rupee in Call Money Market

• The Reserve Bank of India (RBI) has initiated a pilot program for its wholesale central bank digital currency (CBDC) in the interbank call money market.
• The pilot program involves 9 banks that were previously part of the g-sec pilot.
• These banks include State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC.
• RBI launched the wholesale CBDC pilot in November 2022 for settlement in the secondary government securities market.
• The retail CBDC pilot for peer-to-peer (P2P) and peer-to-merchant (P2M) transactions was introduced in December 2022.
• On progress in the retail CBDC target of touching 10 lakh transactions per day by December 2023.
• As of September 29,2023 lenders have disbursed over 70,000 loans worth ₹1,400 crore through a public tech platform.
• On October 6,2023 RBI announced plans to issue an omnibus framework for recognizing Self-Regulatory Organizations (SROs) for various regulated entities.
• In the call money market, banks engage in short-term borrowing and lending activities among themselves, with interest rates determined by prevailing market conditions.
• The duration of the call money loan is 1 day.
• The operational process for the e-rupee pilot remains the same, with the primary difference being that settlement is carried out using the CBDC instead of the real-time gross settlement used in trades on the Clearing Corp of India Limited (CCIL).
• Settlements will be in T+0 mode, meaning trades will be settled on the same day.
• As of the end of the 2022-23 financial year, the e-rupee or digital rupee in both wholesale and retail circulation amounted to Rs 16.39 crore, as per the RBI Handbook of Statistics on the Indian Economy.
• The most circulated denominations are Rs 500, followed by Rs 200 and Rs 100.

About RBI :

• Established : 1 April 1935
• Headquarters : Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy Governors : Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi Sankar

REC and Bank of India Collaborate to Co-finance Projects Valued at Rs 30,000 Crore Over the Next 5 Years                   

• REC Limited, a Maharatna company, has entered into an agreement with Bank of India (BoI) to co-finance projects worth Rs 30,000 crore over the next 5 years.
• These projects are focused on the power, infrastructure, and logistics sectors and will be executed under a consortium arrangement.
• REC Limited is involved in providing long-term loans and financial support to various sectors, particularly the power sector.
• The company has diversified its activities to include areas such as roads, metro rails, airports, and IT.
• As of June 2023, REC Limited had a substantial loan book amounting to Rs 4.54 lakh crore, reflecting its significant presence and financial commitments.
• REC Limited recently signed agreements to finance two green hydrogen thermal projects worth Rs 40,000 crore.
• These projects include funding for the Odisha Power Generation Corporation (OPGC) and the Acme Group.
• REC signed a Memorandum of Understanding (MoU) with OPGC to provide Rs 9,538 crore in financing for the development of two units of a thermal power project in Jharsuguda, Odisha.
• Under a partnership with the Acme Group, REC will offer funding amounting to Rs 16,000 crore for a green hydrogen and ammonia facility proposed at Gopalpur in the state.

About REC Limited :

• Founded : 25 July 1969
• Headquarters : New Delhi, Delhi, India
• REC Limited, formerly Rural Electrification Corporation Limited, of which Power Finance Corporation Limited is holding company, which in turn is under the ownership of the Ministry of Power, the Government of India.

About Bank of India :

• Headquarters : Mumbai, Maharashtra
• MD & CEO : Rajneesh Karnatak

CURRENT AFFAIRS: NATIONAL NEWS

Union Home Minister Amit Shah to inaugurate India’s first liquid nano DAP fertiliser plant in Gujarat

• Union Home Minister Amit Shah will inaugurate India’s first liquid nano di-ammonia phosphate (DAP) plant established by IFFCO at Kalol in Gandhinagar.
• Union Chemical and Fertilizer Minister Mansukh Mandaviya will also be present on the occasion.
• IFFCO chairman Dilip Sanghani informed that this plant will hugely benefit the farmers and also help reduce the import of DAP in the country.
• The minister who is on a visit to Gujarat will also inaugurate and lay the foundation stone for various development works in the Sanand assembly area in Ahmedabad.
• He laid the foundation stone of the sports complex SD Arts and BR Commerce College, in his native place Mansa near Gandhinagar.
• The minister will also offer prayers and perform aarti at the Bahuchar Mataji temple in Mansa.

Union Government to exit Hindustan Zinc Ltd, but over an extended period

• The Indian government is gearing up to sell its remaining stake in Hindustan Zinc Ltd (HZL), a subsidiary of Vedanta, in smaller tranches over an extended period, aiming to maximise its value.
• The residual stake is valued at approximately Rs 40,000 crore at current market prices.
• The government's planned stake sale was halted last year due to Vedanta's proposal for a related party transaction.
• Presently, Vedanta Ltd holds a 64.92 per cent stake in HZL.
• In 2002-2003, HZL, India's largest zinc/lead miner, was privatised in favour of Vedanta, with the government's 29.54 per cent stake categorised as public float.
• Hindustan Zinc is the country's largest and the world's second-largest integrated zinc producer.
• In the second quarter of the ongoing financial year, the company reported a marginal drop of one per cent in its mined metal production.

Centre approves Minimum Support Prices for Rabi Crops for Marketing Season 2024-25

• The minimum support price of Rabi crops for the marketing year 2024-25 approved by the Center.
• The government has increased the MSP of Rabi crops for the marketing season 2024-25, to ensure remunerative prices to producers for their produce.
• The highest increase of Rs 425 per quintal has been approved for lentils, followed by Rs 200 per quintal for mustard.
• An increase of Rs 150 per quintal each for wheat and safflower has been approved.
• An increase of Rs 115 per quintal and Rs 105 per quintal has been approved for barley and gram, respectively.
• The increase in MSP of mandatory Rabi crops for the marketing season 2024-25 is in line with the announcement in the Union Budget 2018-19.
• It was announced for setting the MSP at a level of at least 1.5 times the all-India weighted average cost of production.
• This increased MSP of Rabi crops will ensure remunerative prices for farmers and encourage crop diversification.
• Additionally, to extend the benefits of the Kisan Credit Card scheme to every farmer across the country, the Government has launched the Kisan Loan Portal (KRP), KCC door-to-door campaign, and Weather Information Network Data System (WINDS).

CURRENT AFFAIRS : INTERNATIONAL NEWS

Former Pakistan PM Nawaz Sharif returns home after four years in self-imposed exile in UK                                  

• Former Pakistan Prime Minister Nawaz Sharif returned to Pakistan after 4 years of self-imposed exile in the United Kingdom (UK).
• His return is primarily aimed at leading his political party and making an attempt to secure a record fourth term in the upcoming general elections expected to be held in January.
• Nawaz Sharif returned to Pakistan on a special chartered flight that flew him in from Dubai to Islamabad.
• He was accompanied by some family members, senior party leaders, and friends.
• As part of the legal process, Nawaz Sharif's legal team will meet him to collect his biometric data.
• This information will be submitted to the Islamabad High Court in compliance with the bail process approved by the court on October 19, 2023.

About Pakistan :

• President : Arif Alvi
• Prime Minister : Anwaar ul Haq Kakar
• Capital : Islamabad
• Currency : Pakistani rupee

G20 Finance Leaders Approve Roadmap for Crypto Assets  

• Finance ministers and central bank governors (FMCBG) from G20 nations adopted a roadmap for regulating crypto assets at their meeting at Marrakesh, Morocco.
• Finance Minister Nirmala Sitharaman announced that G20 countries will start sharing information under the Crypto Asset Reporting Framework (CARF) by 2027.
• She further informed that to establish this process, a CARF group has been formed in September 2023.
• The ministers and central bank governors also decided in their joint communique to take forward key proposals from the New Delhi Leaders Declaration.

Key Highlights :

• The G20 Roadmap on Crypto Assets is a comprehensive strategy for addressing the challenges posed by cryptocurrencies.
• It focuses on regulations rather than an outright ban to prevent crypto assets from destabilising the world economy.
• It has been formulated with inputs from the International Monetary Fund (IMF) and the Financial Stability Board (FSB), both influential bodies in global finance.
• It noted the need for transformative changes required in Multilateral Development Banks (MDBs) operating models and financing capacities to address global challenges.
• The communique suggested an increase in MDBs’ annual spending by $3 trillion by 2030, including $1.8 trillion for additional climate action, and $1.2 trillion for achieving other SDGs.
• The communique also emphasised the importance of addressing debt vulnerabilities in low and middle-income countries in an effective, comprehensive and systematic manner.

CURRENT AFFAIRS : STATE NEWS

Odisha government to launch programme to promote maize cultivation                                  

• The Odisha Government has taken the decision to launch a program aimed at expanding the area under maize cultivation in Odisha.
• As part of this initiative, the government plans to introduce various varieties of maize to benefit farmers in the region.
• The state cabinet, under the leadership of Chief Minister Naveen Patnaik, has allocated a budget of Rs 481.94 crore for a crop diversification scheme spanning 5 years.
• The program, known as Mukhyamantri Maka Mission (MMM), will be implemented in a systematic and progressive manner.
• Besides promoting maize cultivation, the government also aims to increase the productivity of other crops such as pulses, oilseeds, and fiber crops like cotton and
• This initiative is expected to generate employment opportunities in rural areas and enhance the income of farmers.
• The Odisha government has decided to raise the corpus fund for the procurement and prepositioning of fertilisers from Rs 90 crore to Rs 150 crore.
• In India, maize is primarily grown in two seasons, namely the rainy (kharif) season and the winter (rabi) season.
• Karnataka is the largest producer of maize in the country, followed by Madhya Pradesh and Maharashtra as the 2nd and 3rd largest producers, respectively.

About Odisha :

• Chief Minister : Naveen Patnaik
• Governor: Raghubar Das
• Capital : Bhubaneswar

CURRENT AFFAIRS: BUSINESS NEWS

New York Times Square lights up with Amul’s ‘Be More Milk’ campaign

• India's leading industry in the dairy sector, Amul, was featured on one of the mega billboards at Times Square New York.
• Times Square is one of the best attractions in New York.
• Amul's latest campaign ‘Be More Milk’ was shown on the billboard visible at the Nasdaq MarketSite.
• The 15-second ad campaign will be run 20 times an hour or 480 times a day.
• The Indian cooperative's advertisement focuses on imbibing the values of milk among humans.
• The campaign highlighted the ‘world inspired by the values of milk.'
• Started in 1946 as a cooperative, Amul has not just become India's leading dairy brand but also a popular name in more than 50 countries.
• The milk brand has become India's largest food product marketing organisation.

About Amul:

• Founders: Verghese Kurien, Tribhuvandas Kishibhai Patel
• Founded: 14 December 1946
• Shamalbhai B Patel - chairman of Amul.

BIS approves India’s first-ever indigenous charging standard developed for light EVs

• The Bureau of Indian Standards (BIS) has approved India’s first ever indigenously developed AC and DC Combined Charging connector standard for light electric vehicles (LEVs).
• This is also the world’s first-ever combined AC and DC charging connector standard for light electric vehicles.
• This standard has been designed and developed in India, which can become a global benchmark.
• NITI Aayog, the Department of Science and Technology, ARAI, EV makers, and the Bureau of Indian Standards came together to develop this national standard.
• This standard will help to create an open ecosystem, which will increase faster adoption of EVs across the world.
• It will help in implementing a charging system that will support Indian Innovation.
• A combined AC and DC charging connector will ensure all forms of charging for light electric vehicles i.e. fast charging or slow charging.
• BVR Subrahmanyam, CEO of NITI Aayog.

CURRENT AFFAIRS: AWARDS AND HONOURS

Dhordo in Gujarat's Kutch gets 'best tourism village' title

• The United Nations World Tourism Organization awarded Dhordo village in Kutch district of Gujarat as one of the Best Tourism Villages.
• The Ministry of Tourism, Government of India, announced this achievement.
• Of the eight entries from India, Dhordo is the only village that has been awarded with the distinction.
• This recognition reflects the village’s exemplary contribution to sustainable and responsible tourism.

Key Highlights

• Dhordo is a small village located next to the White Rann of Kutch and is known for hosting the annual Rann Utsav in winter.
• The Chief Minister underlined that with the vision of PM Modi, the annual Rann Utsav was organised at Dhordo in Kutch because of which Gujarat and Kutch have found a place in the world tourism map.
• Dhordo has been developed as a sustainable rural tourism destination and it came on the global tourism map.
• Recently, Dhordo hosted the first Tourism Working Group meeting under the G20 India initiative.
• This important event further underlines the growing importance of the village in the international tourism ecosystem.
• In 2021, UNWTO launched the Best Tourism Villages award.
• This initiative is part of the UNWTO Tourism for Rural Development Program.
• The program works to promote growth and inclusion in rural areas, tackle population decline, advance innovation and value chain integration through tourism, and encourage sustainable practices.

About UNWTO

• The United Nations World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable, and universally accessible tourism.
• It was established in 1975.
• Headquarters: Madrid, Spain.

ICAI receives the UN Award for its contribution to sustainability reporting

• The Institute of Chartered Accountants of India (ICAI) has won a UN award.
• It has won an award for its contribution to sustainability reporting.
• Its Sustainability Initiative got the highest score among 70 initiatives from around the world.
• UNCTAD working group on International Standards for Accounting and Reporting has awarded the ISAR Honours 2023 to ICAI for its initiative Sustainability Reporting Standards Board.
• During the 8th World Investment Forum at Abu Dhabi, the winners of 6th edition of ISAR Honours were announced by UNCTAD (United Nations Conference on Trade and Development).
• ICAI has set up the Sustainability Reporting Standards Board in 2020 to formulate standards that are in sync with Indian economy.
• ISAR Honours are aimed at raising awareness and facilitating dissemination of national and international best practices on sustainability and SDG reporting.

About ICAI

• The Institute of Chartered Accountants of India (ICAI) was established on 01 July 1949 as a statutory body by the Chartered Accountants Act, 1949.
• It regulates the Chartered Accountancy profession in India.
• It is headquartered in New Delhi. Aniket Sunil Talati is its president.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

HP Appoints Former Apple Executive Ipsita Dasgupta as Senior VP And MD For India  

• US PC giant HP (Known as Hewlett-Packard Company) appointed Ipsita Dasgupta as the Senior Vice President (SVP) and managing Director (MD) of HP’s India market.
• Gurpreet Singh Brar has been serving as the interim Managing Director for HP's India market since November 2022.
• He will be moving to a new role as the Vice President, Innovation and Growth for HP's India Market.
• Responsibilities : As Senior Vice President and Managing Director, Ipsita Dasgupta will be responsible for leading all aspects of HP's strategy and P&L (Profit & Loss) in India, Bangladesh, and Sri Lanka.
• She is set to assume her new role on 30 October 2023 and will report directly to David McQuarrie, HP's Chief Commercial Officer.

About Ipsita Dasgupta :

• Prior to her appointment at HP, Ipsita Dasgupta held various key positions in leading companies, including her role as President of Corporate Strategy and Incubated Business at Star India, which is a subsidiary of Walt Disney, and her position as Chief Commercial Officer (CCO) for South Asia and Greater China at General Electric Company.
• Her extensive experience across various industries, including technology (as a Senior Director of Marketing for Apple Services in Cupertino, USA), media (at Star India), and conglomerates (at General Electric), makes her well-suited for her new role at HP.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Competition Commission of India Approves Merger of IDFC with IDFC First Bank                                   

• The Infrastructure Development Finance Company (IDFC) has received approval from the Competition Commission of India (CCI) for its merger with IDFC First Bank.
• The merger was approved by the boards of directors of both IDFC and IDFC First Bank on July 3.
• The merger will become effective following approvals from the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), and the National Company Law Tribunal (NCLT).
• As of June 30, 2023, IDFC holds a 30.93 percent stake in IDFC First Bank through its non-financial holding company.
• Shareholders of IDFC will receive 155 shares of IDFC First Bank for every 100 shares after the merger.

About IDFC First Bank :

• Founded : 2015
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : V. Vaidyanathan

About IDFC :

• Founded :1997.
• Headquarters : Chennai, Tamil Nadu.
• It is a finance company under the Department of Financial Services, Government of India.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Samsung Semiconductor India Research and IISc Establish Quantum Technology Lab                                            

• The Indian Institute of Science (IISc) and Samsung Semiconductor India Research (SSIR) have partnered to set up a Quantum Technology Lab.
• The primary objective of this collaboration is to provide research and training support opportunities.
• It will benefit numerous faculty members and hundreds of students pursuing higher education in various fields, including physics, engineering, computer science, and mathematics.
• This support extends to students not only at IISc but also in other educational institutions.
• The Quantum Technology Lab is part of SSIR's Corporate Social Responsibility (CSR) commitment.
• It represents SSIR's dedication to being at the forefront of advanced quantum technologies.
• The Quantum Technology Lab will integrate cryogenic control chips with qubits, single photon sources, and detectors, and address reliability challenges in quantum technologies.
• The lab will provide a platform for interdisciplinary research, industry collaborations, and the exchange of knowledge, which will cultivate a dynamic ecosystem for innovation.

CURRENT AFFAIRS: SPORTS NEWS

India clinches 35 medals- 10 gold, 12 silver, and 13 bronze at the Asian Para Games in Hangzhou, China

• India has clinched 35 medals- 10 gold, 12 silver, and 13 bronze at the ongoing Asian Para Games in Hangzhou, China so far.
• The athletes added 17 more medals to their kitty.
• The latest medals were collected in the Men's Discus Throw.
• Sweeping all three medals, Neeraj Yadav bagged gold, Yogesh Kathuniya claimed silver and Muthuraja won bronze.

Key Highlights

• Ashok clinched bronze in the Powerlifting Men's -65 kg event with the best lift of 192 kg.
• Sharath Makanahalli Shankarappa clinched gold in Men's 5000m-T13 event by clocking in 20 minutes and 18.90 seconds.
• He beat Nabeel Khaled Ahmad of Jordan by just 0.01 second.
• Rubina Francis clinched bronze in Women's 10M Pistol to continue India's streak in shooting.
• Parmod Bijarnia claimed silver and Rakesh Bhaira grabbed bronze in the Men's 1500m T46 event.
• Ankur Dhama bagged gold in the men's 5000m-T11 event.
• Ravi Rongali clinched silver medal in Men's Shot Put F40 event with the best throw of 9.92 metres.

CURRENT AFFAIRS : OBITUARIES

Legendary Indian spinner and former captain Bishan Singh Bedi Passed away  

• Former India captain Bishan Singh Bedi, who was known for being part of a famous spin quartet, has passed away at the age of 77.

About Bishan Singh Bedi :

• Bishan Singh Bedi played Test cricket for India from 1966 to 1979.
• He was a part of the famous Indian spin quartet, which included Erapalli Prasanna, BS Chandrasekhar, and Venkataraghavan.
• Together, they played a pivotal role in the history of Indian spin bowling.
• He played Test cricket for India from 1966 to 1979 and formed part of the famous Indian spin quartet.
• He played a total of 67 Tests and took 266 wickets.
• He also captained the national side in 22 Test matches.
• He also played 10 one-day internationals, taking 7 wickets.
• In 1976, he was appointed as the Indian cricket team's captain, succeeding the legendary Mansoor Ali Khan Pataudi.
• He led the Indian team to their first Test victory against the formidable West Indies during the third Test of the 1976 series at Port-of-Spain.
• He also led the Delhi cricket team to win their first two Ranji Trophy titles in the years 1978-79 and 1979-80.

Awards & Honors :

• Bishan Singh Bedi was honoured with the Padma Shri award in 1970, recognizing his contributions to Indian cricket.
• In 2004, he was awarded the K. Nayudu Lifetime Achievement Award for his outstanding contributions to Indian cricket.

Daily CA One- Liner: October 25

• The Reserve Bank of India (RBI) has initiated a pilot program for its wholesale central bank digital currency (CBDC) in the interbank call money market.
• REC Limited, a Maharatna company, has entered into an agreement with the Bank of India (BoI) to co-finance projects worth Rs 30,000 crore over the next 5 years.
• The Union Home Minister Amit Shah will inaugurate India’s first liquid nano di-ammonia phosphate (DAP) plant established by IFFCO at Kalol in Gandhinagar
• The Indian government is gearing up to sell its remaining stake in Hindustan Zinc Ltd (HZL), a subsidiary of Vedanta, in smaller tranches over an extended period, aiming to maximise its value.
• The minimum support price of Rabi crops for the marketing year 2024-25 approved by the Center.
• India's leading industry in the dairy sector, Amul, was featured on one of the mega billboards at Times Square New York.
• The Bureau of Indian Standards (BIS) has approved India’s first ever indigenously developed AC and DC Combined Charging connector standard for light electric vehicles.
• The United Nations World Tourism Organization awarded Dhordo village in Kutch district of Gujarat as one of the Best Tourism Villages.
• In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) introduced sops for large corporates (LCs), which have raised more than the mandated share of 25% of their qualified borrowing through the bond route.
• Former Pakistan Prime Minister Nawaz Sharif returned to Pakistan after 4 years of self-imposed exile in the United Kingdom (UK).
• Finance ministers and central bank governors (FMCBG) from G20 nations adopted a roadmap for regulating crypto assets at their meeting at Marrakesh, Morocco.
• The Odisha Government has taken the decision to launch a program aimed at expanding the area under maize cultivation in Odisha.
• US PC giant HP (Known as Hewlett-Packard Company) appointed Ipsita Dasgupta as the Senior Vice President (SVP) & Managing Director (MD) of HP’s India market.
• The Infrastructure Development Finance Company (IDFC) has received approval from the Competition Commission of India (CCI) for its merger with IDFC First Bank.
• The Indian Institute of Science (IISc) and Samsung Semiconductor India Research (SSIR) have partnered to set up a Quantum Technology Lab.
• Former India captain Bishan Singh Bedi, who was known for being part of a famous spin quartet, has passed away at the age of 77.
• The Institute of Chartered Accountants of India (ICAI) has won a UN award.
• India has clinched 35 medals- 10 gold, 12 silver, and 13 bronze at the ongoing Asian Para Games in Hangzhou, China so far.