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RBL Bank:-RBI says lender's financial health is stable.

RBL Bank: RBI Says Lender's Financial Health Is Stable

https://www.facebook.com/1549125462051884/posts/2915861728711577/

New Covid Variant Puts Pressure on OPEC Oil Producers The OPEC+ group are meeting on Thursday and their job has just been made more difficult by Biden and the new coronavirus variant.

RIL share Price jumped by 8%

RIL share price tanks 8% from record high yesterday, brokerages bullish; check new target price Mukesh Ambani-controlled Reliance Industries informed shareholders about a delay in RIL-Saudi Aramco deal, a surge in exports during COVID-19 pandemic and increased focus on chemicals

Indian-Origin Arvind krishna to be next CEO of IBM

IBM appoints Indian-origin Arvind Krishna as CEO; joins elite list of Pichai, Nadella IBM appoints Indian-origin Arvind Krishna as CEO; joins elite list of Pichai, Nadella - The IBM Board of Directors elected Krishna as company CEO and member of the Board of Directors effective April 6.

NTPC Ltd to set up 5 GW solar park- biggest in the country, in Gujarat
On September 18, 2019 the NTPC ltd (formerly National Thermal Power Corporation Limited) announced to set up a 5GW(gigawatt) solar national park in Gujarat and is also expected to be the biggest in the country.
Key points
i. The cost of the site set up is expected to be ₹25,000 crores ($3.5 billion) and is to be operational in 2024. This solar park is part of NTPC’s aim to build 32GW renewable energy by 2032 and reduce the energy mix of fossil fuels from 96% to 70%.
ii. 2022 target by PM: The Prime Minister Shri Narendra Modi has set a target of producing 175GW of renewable capacity by 2022.NTPC also considers to build a 500MW(megawatts) hydropower project in Himachal Pradesh.
About NTPC:
♦ Founded- 1975.
♦ Headquarters- New Delhi.
♦ Chairman and Managing Director (MD)- Gurdeep Singh.

India Won’t Allow Multi-Brand Retail By Foreign Firms, Predatory Pricing Commerce Minister Piyush Goyal also said predatory pricing won’t be allowed and necessary action will be taken against defaulters.

JP Nadda appointed as BJP working president JP Nadda appointed as BJP working president - BJP Parliamentary board has selected JP Nadda as working president, Union Defence Minister Rajnath Singh said.

World Bank retains India’s growth rate for FY19-20 at 7.5 per cent With this India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China's 6 per cent.

Sensex surges 950 points, rupee gains as exit polls predict PM Modi’s win In early trade, the Sensex jumped nearly 962 points to 38,892 at day’s high while Nifty rose to 11,694.

Reserve Bank of India (RBI): It is India's central banking institution, which controls the issuance and supply of the Indian rupee. The Reserve Bank of India (RBI) has announced the launch of Rs 20 denomination bank notes. According to an official statement, the new bank notes will be in the in greenish-yellow in colour. It will be in the Mahatma Gandhi (New) Series, bearing the signature of the bank's governor Shaktikant Das. It will be having the motif of Ellora Caves on the back side'. Some of the new things about the new 20 rupee notes are the new Rs. 20 note has designs, geometric patterns aligning with the overall colour scheme, both at the obverse (front) and reverse (back). It will be in 63 mm x 129 mm. While the obverse side of note contains a see-through register with denomination numeral 100, the observe side of new Rs. 20 note also contains a latent image with the numeral and also a Devanagari version of the same. Besides, containing the portrait of Mahatma Gandhi at the centre, with micro letters 'RBI', 'Bharat', 'India' and '20', along with a guarantee clause, Governor''s signature with Promise Clause and RBI emblem towards the right of Gandhi''s portrait. The note bearing water marks of Ashoka emblem'.

Innovation by Indians growing! India marks highest growth in filing for international patents Interestingly, the patents list is mostly dominated by Indian pharmaceutical companies such as Dr Reddys, Sun Pharma, Cipla and Lupin, among others.