1. Rahul Bajaj to resign as Chairman of the Board of Bajaj Finance Ltd
- Rahul Bajaj will resign as Chairman of the Board of Bajaj Finance Ltd.
- His resignation will be effective from July 31. He will remain the Non-Executive Non-Independent Director of the company.
- The appointment of current Vice-Chairman, Sanjiv Bajaj, has been approved by board of directors of Bajaj Finance Ltd.
- His appointment as Non-Executive Chairman will be effective from August 1.
2. Long-term gold loan launched by Indel Money
- Long-term gold loan has been launched by Indel Money, which is a Non-Banking Financial Company (NBFC) based in south India.
- The tenure of the recent gold loan is two years and it has an interest rate of 12-24%.
- Earlier in 2019, long-term gold loan with one-year tenure was launched by Indel Money.
3. IHCL acquires ELEL Hotels
- Indian Hotels Company Ltd (IHCL) has acquired balance 14.28% equity interest in ELEL Hotels and Investments Ltd (ELEL).
- After the acquisition, IHCL will become 100% owner of the Sea Rock hotel by December 31, 2021.
- IHCL's subsidiary company has acquired Sea Rock hotel in 2009.
- IHCL is a subsidiary company of Tata Group. In terms of market capitalisation, IHCL is the largest hospitality company in South Asia.
4. MicroGO's hygiene solution, GOassure
- GOassure is a flagship product of MicroGO, aimed at providing hygiene solution.
- It is being used at airports, hotels, retail stores and corporate offices.
- Goassure is and innovative Internet of Things (IoT) enabled sanitisation solution.
- The company will also soon launch Goassure Lite, which is low-cost, small footprint version of GOassure.
- GOhands, GOclan, GOfresh, GOpure and GOpure+ are other products of company.
- MicroGo is a Chennai-based start-up. Rachna Dave is its founder.
5. Jeff Bezos net worth increases by $ 13 billion
- Jeff Bezos net worth has increased by record $13 billion in single day.
- This is the biggest single-day increase in an individual's net worth since the creation of Bloomberg Billionaires Index in 2012.
- Bezos is the founder of Amazon. He is the richest person in the world. His income increased by $74 billion in 2020 to $189.3 billion.
- His wife, Mackenzie Bezos is the world's 13th richest person.
6. Multi ULD Cool Dolly launched by GMR Hyderabad
- Multi ULD (Unit Load Device) Cool Dolly has been launched GMR Hyderabad International Airport.
- The device will provide unbroken cold chain for pharmaceuticals and perishables. They are time and temperature sensitive shipments.
- Cool Dolly has a steel trailer and an aluminium insulated container. It works as a mobile storage unit between Air Cargo Terminal and Aircraft.
7. MoU signed between AP government and AMUL
- A MoU has been signed between Andhra Pradesh government and AMUL (Anand Milk Union Limited).
- The MoU is aimed at helping women SHGs and milk cooperatives in government sector.
- Andhra Pradesh is ranked at fourth in terms of milk production.
- AMUL was formed in 1946. It is headquartered in Anand, Gujarat.
8. MoU for data sharing signed between CBDT and CBIC
- MoU for data sharing has been signed between Central Board of Direct Taxes (CBDT) and Central Board Indirect Taxes & Custom (CBIC).
- The MoU will increase collaboration between CBDT and CBIC.
- Government has also constituted a data exchange steering group. The group will hold meeting periodically and review data exchange status.
- Both of them come under Finance Ministry. CBDT makes policy for corporate tax and personal income tax.
- CBIC deals with Central GST, Central excise duty and Custom duty.
- Pramod Chandra Mody is the Chairman of CBDT and M Ajit Kumar is Chairman of CBIC.
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