1.ICICI Securities appointed Vijay Chandok as an additional director, Managing Director and CEO of the company with effect from May 7, 2019. He is presently Executive Director of the ICICI Bank.Sandeep Bakhshi -Managing Director (MD) and CEO of ICICI Bank.
2.Government will raise Rs 4.42 lakh crore through gilts in the first half of FY20. The borrowing for the second half is set at Rs 2.68 lakh crore. The Centre will auction Rs 17,000 crore of gilts per week during April-September.Economic Affairs Secretary- Subhash Chandra Garg.
3.Garden Reach Ship Builders and Engineers Ltd (GRSE) became the "first Indian shipyard to build and deliver 100 warships. The 100th warship, a Landing Craft Utility (LCU), is the sixth of an order of eight such vessels from the Navy.GRSE Chairman and MD- Rear Admiral (Retd) V K Saxena.
4.Ranveer Singh launched his own music label INCINK in collaboration with filmmaker Navzar Eranee. It will be headed by musicians Anushka Manchanda and Shikhar Manchanda and initially focus primarily on hip-hop.INCINK literally means writing your own story.
5.Reserve Bank of India (RBI) cleared ₹19,240.91 crore towards Cash Credit Limit (CCL) for Punjab for the purchase of wheat in the Rabi marketing season. The government has fixed the minimum support price (MSP) of wheat at ₹1,840 per quintal.Punjab ,Chief Minister -Amarinder Singh.
6.BNP Paribas Cardif, the foreign partner of SBI Life Insurance, sold 5 crore shares of the company for Rs 2,889 crore. The sale was done at average price of Rs 577.93 per equity share.SBI Life Insurance-Joint venture b/w SBI & BNP Paribas Cardif.
7.Infosys consulting arm is set to buy 75 per cent stake in Starter NV, a subsidiary of the Dutch-based ABN AMRO Bank, for Rs 999 crore ($144 million) for strategic partnership in the Netherlands.Infosys CEO-Salil Parekh.
8.RBI has set the average base rate to be charged from borrowers by non-banking financial companies (NBFCs) and micro-finance institutions (MFIs) at 9.21 per cent for the first quarter of the next fiscal.National Housing Bank is a Subsidiary of RBI.
9.The country’s fiscal deficit touched 134.2% of the full-year revised budgeted estimate at the end of February 2019, mainly due to tepid growth in revenue collections. Govt is committed to restrict the fiscal deficit at 3.4% of the GDP.Fiscal deficit for April-February 2018-19 was Rs 8.51 lakh crore.
10.Zuzana Caputova a 45-year-old lawyer, activist and political newcomer elected as the nation’s first female president. She vowed to return a sense of decency to Slovakia’s often toxic political climate.Bratislava is the capital of Slovakia.
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