• Government e-Marketplace (GeM) has signed MoU with Indian Bank and Canara Bank. It will facilitate a cashless, paperless and transparent payment system on the portal and would create an efficient procurement system for government entities. Through this partnership, both the banks will be able to offer an array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG), Earnest Money Deposit (EMD) and Payment Gateway to the registered users on the portal.
  • Siemens Limited has signed a Memorandum of Understanding(MoU) with NTPC Limited to identify, evaluate and set up reference use cases of hydrogen sector-coupling for various upstream and downstream applications. Siemens Limited has also inked a separate MoU with TERI for collaboration on technologies to support the energy transition in India including sector-coupling.
  • The Odisha state government signed agreements with Tata Strive and Tech Mahindra to add new dimensions in skilling and employability of the youth.
  • Indian Bank has signed a memorandum of understanding with Muthoot Microfinance to serve Micro, Small and Medium Enterprises(MSME).Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers.
  • The Export-Import (Exim) Bank has provided a USD 30 million (about Rs 210 crore) line of credit to Ghana for a potable water project in the country. Under the arrangement, financing of export of eligible goods, works and services from India would be allowed subject to their being eligible for export under the Foreign Trade Policy of India and whose purchase may be agreed to be financed by the Exim Bank.
  • Federation of Indian Chambers of Commerce and Industry (Ficci) signed a memorandum of understanding with Singapore Fintech Association (SFA) as part of the growing Singapore-India fintech ecosystems.
  • Council of Scientific & Industrial Research(CSIR)-Institute of Microbial Technology (IMTECH), Chandigarh signed a Memorandum of Understanding (MoU) with Indian Institute of Technology (IIT) Bombay to promote collaborative research. The MoU will facilitate the exchange of ideas, development of new knowledge and enhance high-quality research acumen between the researchers and faculty of both the institutes.
  • ICICI Lombard has been partnering with Fino Payments Bank to offer non-life insurance solutions to its customers. Some of these offerings include Hospicash that provide customers with the means to cover their loss of income, especially in the case of migrant workers, if they are hospitalized. ICICI Lombard and Fino also launched Dengue and Malaria policy which covers treatment to Dengue and Malarial diseases up to Rs. 10,000 at a premium as low as Rs. 49.
  • The Union ministry of health and family welfare signed a memorandum of cooperation (MoC) with Bill & Melinda Gates Foundation (BMGF)Under the MoC, Gates Foundation will provide technical, management and program design support through its grantees and other partners, with a special focus on innovation, best practices and enhancing performance management, while working closely with the government.
  • The Karnataka State Tourism Development Corp (KSTDC) signed a memorandum of understanding with the Indian Railway Catering and Tourism Corporation (IRCTC) to market and operate the Golden Chariot train. The luxurious Golden Chariot train will start plying from March 2020.
  • IIM Indore has signed a Memorandum of Understanding (MoU) with Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussoorie. The MoU has been signed with a view to exchange faculty members for various training programmes. The MoU is in line with the vision to remain socially conscious and contribute to the society and nation.
  • Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) has entered into a two­ year  MoU with ICICI Bank to offer customised financial solutions to customers across India with a focus on semi­urban and rural geographies. The bank will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to the customers.
  • India and Uzbekistan have signed a pact for further strengthening of cooperation in the fields of counter-terrorism and organised crime.
  • NewQuest-backed U GRO Capital inked an SME loan co-origination agreement with State Bank of India to facilitate broader credit outreach and faster disbursal. The alliance to leverage U GRO Capital’s proprietary technology platform ‘GRO-Xstream’ to provide in-principle loan approval within 60 minutes.