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6
According to the 2018 Global Economics Prospect released by the World Bank, India’s growth rate in 2018 is projected to hit ____________.
» Explain it
B
Hints to Remember

Who: World Bank
What: has projected India’s Growth Rate at 7.3% in 2018
When: published on 10th January 2018

India’s growth rate in 2018 is projected to hit 7.3% and 7.5% in the next two years, according to the World Bank, which said the country has “enormous growth potential” compared to other emerging economies with the implementation of comprehensive reforms. India is estimated to have grown at 6.7% in 2017 despite initial setbacks from demonetisation and the Goods and Services Tax (GST), according to the 2018 Global Economics Prospect released by the World Bank.

For the complete information kindly visit given link:

http://www.thehindu.com/business/Economy/world-bank-projects-73-growth-for-india/article22413893.ece
7
Which of the following banks has recently tied up with NSFDC for assisting SC families?
» Explain it
B
Hints to Remember

Who: Punjab National Bank
What: tied up with NSFDC for assisting SC families
When: published on 8th January 2018

Punjab National Bank (PNB) and National Scheduled Castes Finance and Development Corporation (NSFDC) have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Caste (SC) families living below Double Poverty Line (DPL).

A Memorandum of Agreement to this effect was signed by B.M.Padha, Corporate General Manager , Priority Sector & Financial Inclusion Division, PNB and Devanand, General Manager, NSFDC.

For the complete information kindly visit given link:

http://www.thehindubusinessline.com/money-and-banking/pnb-ties-up-with-nsfdc-for-assisting-sc-families/article10020345.ece
8
PhonePe is a payment arms of which of the following which has recently partnered mobile wallet company FreeCharge to allow the latter’s customers pay for transactions at PhonePe’s partner merchants?
» Explain it
C
Hints to Remember

Who: Flipkart’s payments arm PhonePe
What: has partnered mobile wallet company FreeCharge
Why: to allow the latter’s customers pay for transactions at PhonePe’s partner merchants
When: published on 9th January 2018

Flipkart’s payments arm PhonePe has partnered mobile wallet company FreeCharge to allow the latter’s customers pay for transactions at PhonePe’s partner merchants.

According to the deal terms, PhonePe has now enabled its over 45 million users to link their existing FreeCharge wallets to the PhonePe app.

For the complete information kindly visit given link:

http://www.thehindubusinessline.com/money-and-banking/phonepe-inks-pact-with-mobile-wallet-firm-freecharge/article10022691.ece
9
Which one of the following has recently launched Investment Arm, to Invest $10 million?
» Explain it
C
Hints to Remember

Who: Paytm
What: launched Investment Arm, to Invest $10 million
When: published on 10th January 2018

Paytm, run by One97 Communications Ltd, has set up a new entity called Paytm Money Ltd that will offer investment and wealth management products and will invest close to $10 million upfront in the new entity.

Paytm Money is the fourth product from One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet; it will be available as a separate mobile application to users, said Vijay Shekhar Sharma, founder of One97 Communications.

For the complete information kindly visit given link:

http://www.livemint.com/Companies/eODh3ikugpYNwrqrY4rjpN/Paytm-launches-investment-arm-to-invest-10-million.html
10
Which of the following capital market companies is planning to to launch an IPO worth at least Rs. 3,200 crore ($500 million) in February?
» Explain it
B
Hints to Remember

Who: ICICI Securities Limited
What: is planning to to launch an IPO worth at least Rs. 3,200 crore ($500 million) in February
When: published on 8th January 2018

ICICI Securities is planning to launch an IPO worth at least Rs. 3,200 crore ($500 million) in February, subject to approval from the Securities and Exchange Board of India.

The investment bank has kicked off investor meetings and is seeking a valuation of close to $5 billion, implying a P/E multiple of 40. Local peers trade in a 20x45x range. Parent ICICI Bank will be selling 64 million shares in the IPO. Bank of America Merrill Lynch, Citigroup, Citic CLSA, Edelweiss and IIFL Holdings are the bookrunners.

For the complete information kindly visit given link:

http://www.thehindubusinessline.com/markets/stock-markets/icici-securities-plans-to-launch-rs-3200-cr-ipo/article10019613.ece