NATIONAL UPDATES:
1.
Jayant Sinha is planning to meet Chief Executives of state-run banks every 45
days: Jayant Sinha, Minister of State for Finance, is
planning to meet CEOs of state run banks every 45 days to take stock of various
performance parameters and discuss evolving issues.
2.
Indiabulls Housing Finance Ltd (IHFL) has acquired a 40% stake in OakNorth Bank
of the United Kingdom.
3. Easier FDI norms: advantage realty
companies, private banks: The changes in the Foreign Direct
Investment policy will help listed companies in the real estate and
construction sector. Removing the caps on project size, giving greater
flexibility in transfer of investments to other overseas investors and allowing
investments in completed projects will attract more investments into this
sector.
4. Subir Gokarn, former RBI Deputy
Governor appointed as the Executive Director on the board of International
Monetary Fund (IMF).
INTERNATIONAL UPDATES:
1.
Budweiser maker Anheuser-Busch InBev finalised takeover of SABMiller: As
part of the deal, SABMiller will sell its stake in a venture with Molson Coors.
AB InBev is seeking to bolster growth by acquiring SABMiller’s brands in Africa
and Asia as changing tastes and craft beers cut sales in developed markets.
OTHER UPDATES:
FINANCE/BANKING:
1.
State Bank of India announced partnership deal with Emirates NBD: A
leading UAE based bank has announced its partnership deal with SBI to help NRI
customers in the gulf to carry out their remittances instantly and more
conveniently.
SPORTS:
2. Pakistan
Cricketer Younis Khan retired from ODI Cricket.
AWARDS:
3.
Indian-origin community campaigner awarded by British PM for charity work: MunaChauhan,
an Indian-origin community campaigner has been named a ‘Point of light’ by the
British PM David Cameron for her fantastic charity work and empowering young
people, including women.
OBITUARIES:
4. Rhythm and Blues legend Allen Toussaint
died at the age of 77.
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