August 10th was a day of significant news developments, with headlines covering a wide range of topics, from business and politics to crime and sports. Here’s a look at some of the most notable events of the day.
Unicommerce eSolutions IPO Allotment
The allotment status for the Unicommerce eSolutions Limited’s initial public offering (IPO) was declared on August 10th. Market observers noted that the company’s shares are currently available at a premium of ₹ 55 in the grey market. This development has generated considerable interest among investors.
Canara Bank and Bank of Baroda Hike Interest Rates
Several prominent banks, including Bank of Baroda, Canara Bank, and UCO Bank, have announced increases to their Marginal Cost of Funds-based Lending Rates (MCLR) across various tenures. This move will likely lead to higher costs for consumer loans, potentially impacting borrowers’ finances.
Bangladesh Chief Justice Resigns Amid Protests
Obaidul Hassan, the Chief Justice of Bangladesh, has resigned from his position following protests by hundreds of individuals demanding his removal. The protesters gathered outside the country’s supreme court, escalating pressure on Hassan to step down. This situation has sparked considerable concern about the state of judicial independence in Bangladesh.
Tragic Death at RG Kar Medical College
A female post-graduate trainee doctor at RG Kar Medical College in Kolkata was found dead, and the subsequent post-mortem confirmed sexual assault. Kolkata Police have apprehended one individual in connection with this horrific incident. The tragedy has shaken the medical community and sparked outrage over the safety of women in the city.
Reetika Hooda Falls Short of Semi-Finals
India’s Reetika Hooda narrowly lost to top-seeded Aiperi Medet Kyzy in the quarterfinals of the women’s 76kg freestyle wrestling competition at the Paris 2024 Olympics. Despite this setback, Hooda remains in contention for a bronze medal, offering a glimmer of hope for Indian wrestling fans.
PM Modi’s Visit to Wayanad
Prime Minister Narendra Modi visited Wayanad, Kerala, on Saturday. During his visit, he discussed the recent landslide in the region with Kerala Chief Minister Pinarayi Vijayan and assured him of the Centre’s full support. Modi emphasized that the government would ensure that ongoing projects are not hampered by financial constraints.
TV Somanathan Appointed Cabinet Secretary
The Appointments Committee of the Union Cabinet has appointed TV Somanathan as the new Cabinet Secretary of India. Somanathan’s tenure will commence on August 30th and will last for two years. This appointment holds significant importance for the Indian government’s administrative machinery.
BSNL to Launch 4G and 5G SIMs
Bharat Sanchar Nigam Limited (BSNL) is gearing up to launch a new platform offering 4G and 5G-ready SIMs. The Department of Telecommunications announced this news on August 10th. This initiative is expected to significantly expand BSNL’s reach and compete more effectively in the telecommunications market. This launch is likely to have a significant impact on the Indian telecom sector.
