- Global financial services major HSBC has inaugurated it’s International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat. HSBC is one of the earliest global financial institutions setting up a branch at India’s GIFT City and was the first bank to get a licence from the newly set up International Financial Services Centres Authority (IFSCA)
- Board of Directors of Kerala-based Dhanlaxmi Bank have given the approval to appoint J K Shivan as managing director and CEO of the Bank. It may be recalled that the shareholders of the Kerala-based had voted against MD & CEO Sunil Gurbaxani On September 30, 2020. Then, in December that year, the lender appointed Shivan as the new MD & CEO.
- India has inked a strategic partnership agreement with the International Energy Agency (IEA), the world’s premier energy monitor, on 27 January 2021.The objective of the MoU is to strengthen cooperation in global energy security, stability and sustainability as well as strengthen mutual trust and cooperation between IEA members and the Government of India.The Memorandum of Understanding (MoU) was signed between Power Secretary Sanjiv Nandan Sahai and IEA Executive Director Fatih Birol. This deal will help India to gain full membership of IEA
History on this Day:
(1933) The name “Pakistan” is coined by Choudhry Rahmat Ali and gradually accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia