NATIONAL
UPDATES:
1.Atul
Goel takes charge as MD, CEO of UCO Bank : Atul
Kumar Goel has assumed charge as Managing Director (MD) and CEO (Chief
executive officer) of UCO Bank.Earlier, he was executive director of Union Bank
of India.Goel takes over from R K Takkar who completed his three-year tenure on
1st November
2018.UCO Bank (formerly United Commercial Bank)
established in 1943 in Kolkata.
2.Railway Ministry launched ‘UTS on Mobile’
facility : The Ministry of Railways has
launched the ‘Unreserved Mobile Ticketing’ facility (UTS on Mobile) to enable
seamless booking of unreserved tickets in all Zonal Railways.Now, the booking
of unreserved tickets on all non-suburban sections across all Zonal Railways
will now be made available on mobile.
INTERNATIONAL
UPDATES:
1. Doha to host World Corporate Games : The World Corporate Games 2019 will be held for the first time in the
Middle East in Doha, organisers of the Games anounced. The 23rd edition is held under the
patronage of Prime Minister and Interior Minister H E Sheikh Abdullah bin
Nasser bin Khalifa Al Thani and will bring together the local, regional and
international business sporting community.It will be the first time that the
World Corporate Games, established nearly 30 years ago, incorporate eSports and
mind sports.
2. India and Japan sign a loan agreement worth Rs. 1817 crore
: India and Japan have signed a
loan agreement worth of approximately 1817 crores for the construction of Turga
Pumped Storage (I).The objective of the Project is to strengthen the capability
to respond to a fluctuation in supply and demand of power and to improve the
stability of the power supply.In the last few years, the economic cooperation
between India and Japan has steadily progressed.
3. India
Pavilion inaugurated at Videocittà 2018 in Rome Film Festival : India Pavilion inaugurated at Videocittà 2018 in Rome Film Festival.India
Pavilion at Videocitta 2018 showcased Indian films’ heritage, ease of film
shooting in India, promoted film shooting locations in India.It is an event
focussing on Virtual Reality, Video gaming, Animation, Film Making, etc. was
organized along with Rome Film Festival and Mercato Internazionale dell'
Audiovisivo (MIA) (the International Audio-Visual Market).
OTHER
UPDATES:
BUSINESS/ECONOMY:
1. Kirloskar
Capital gets RBI nod for NBFC biz : Kirloskar Capital has received RBI licence to start a non-banking financial
company (NBFC).Kirloskar Capital is a wholly-owned subsidiary of Kirloskar Oil
Engines (KOEL), plans to lend more than Rs 1,000 crore over the next three
years.Earlier, the company roped in former Indo-Star Capital Finance Managing
Director and Chief Executive Officer, Vimal Bhandari, to head its operations.
BANKING/FINANCE:
1. Bank
of Maharashtra to reinstate CEO, ED : The board of directors of Bank of Maharashtra decided to restore/reinstate
the functional responsibilities of RP Marathe, Managing Director and CEO, and
RK Gupta, Executive Director, with immediate effect.This move is possibly an
indication that these two top executives, who were taken into custody by the
Pune police for the bank’s Rs 96.52-crore exposure to DSK Developers, have got
a clean chit from the authorities. Earlier, the board, in its meeting held on
June 29, had divested these two top executives of all their functional
responsibilities.
SPORTS:
1. Azhar Ali announces retirement from ODIs : Former Pakistan captain Azhar Ali has announced his retirement from ODI
cricket in order to prolong his Test career.Azhar has been one of Pakistan's
most prolific run-scorers in Test cricket as he scored a triple century and a
double hundred in Tests in the UAE and Australia in 2016 & 2017.In January
2018, he played his last ODIs against New Zealand.