KreditBee Reaches Unicorn Status After Securing $280 Million in Funding.
- Valuation: $1.5 billion
- Funding Raised: $540 million, including $280 million in pre-IPO round
- Revenue (FY 25): ₹2,700 crore, Net Profit: ₹473 crore
- AUM (FY 26): ₹15,000 crore (44% growth)
- Focus: Secured and MSME lending
- Loan Stats: Avg. loan size ₹60,000, 70,000 daily applications (10% approval)
- IPO Plans: Final private round before IPO, merger of tech & NBFC underway
- Founded: 2018, Bengaluru-based digital lending platform.
Bhopal Passport Office Introduces Braille and Sign Language Services.
- Inauguration: Launched by B.S. Mubarak, Chief Passport Officer, at RPO Bhopal.
- Braille Services: Braille booklets and signage for visually impaired applicants.
- Sign Language Services: Video guides and QR codes for speech/hearing-impaired applicants.
- Grievance Redressal: Dedicated cell to resolve complaints within 24 hours.
- Regional Achievement: First RPO in India to offer Braille and sign language services.
India Elected to Multiple UN ECOSOC Bodies.
- India Elected to UN ECOSOC Bodies (2027-2030)
- Elected Bodies:
- Commission on Science and Technology for Development (CSTD)
- Committee on Non-Governmental Organisations
- Committee for Programme and Coordination (2027-2029)
- Representation:
- Ambassador Preeti Saran re-elected to CESCR (2027-2030).
- CESCR:
- Monitors the International Covenant on Economic, Social, and Cultural Rights.
- ECOSOC:
- One of six UN principal organs, established in 1945.
NTPC Signs MoU with EDF to Explore Nuclear Power Projects in India.
- MoU Signed: NTPC and EDF to collaborate on nuclear energy development in India.
- Technology Focus: Evaluating European Pressurised Reactor (EPR) technology.
- Scope: Assessing economics, identifying sites, and providing technical support.
- NTPC Capacity: 89 GW operational, 32 GW under construction, aiming for 149 GW by 2032.
UAE And Bahrain Sign Currency Swap Agreement.
- UAE and Bahrain Currency Swap Agreement
- Value: AED 20 billion (BHD 2 billion).
- Tenure: 5 years.
- Currencies: UAE Dirham (AED) and Bahraini Dinar (BHD).
- Objectives:
- Facilitate cross-border trade.
- Promote use of national currencies.
- Strengthen monetary stability.
- Signatories:
- Khaled Mohamed Balama (UAE Central Bank).
- Khalid Humaidan (Bahrain Central Bank).
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