• The National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) have agreed for CPPIB to invest up to $600 million through the NIIF Master Fund. It includes a commitment of $150 million in the NIIF Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the NIIF Master Fund.
  • Investor Education & Protection Fund Authority (IEPFA) works under the Ministry of Corporate Affairs, has signed a Memorandum of Understanding (MOU) with Bank of Baroda (BoB) to spread customer awareness and investor education and reaching out to investors and stakeholders.
  • The ties between India and Bangladesh for transcend strategic partnership. The multidimensional relationship between the two countries covers not only traditional areas like trade, commerce, security and border management but also new areas such as IT, space and nuclear science among others.
  • India’s Exim Bank has provided $500 million (Rs 3561 crore) Line of Credit(LoC) to Bangladesh for defence-related procurement in the neighbouring country. The Exim bank entered into an agreement with Bangladesh’s Armed Forces Division (AFD) in this regard on April 11, 2019.  Under the loan agreement, financing of export of eligible goods and services from India would be allowed subject to the Foreign Trade Policy(FTP).
  • A memorandum of understanding (MoU) has been signed between National Small Industries Corporation (NSIC) and Suadi Aramco (Asia) for the development of Micro, Small and Medium Enterprises (MSME) Ecosystem in India in Oil & Gas Sector.
  • Dell Technologies announced a new partnership with UNESCO MGIEP (Mahatma Gandhi Institute of Education for Peace) to enable school teachers to adopt technology in classrooms by using ICT tools. The information and communication technology (ICT) tools have been developed by Dell Aarambh and FramerSpace platform.
  • The Ministry of Shipping (MoS) announced that Mongla and Chattogram (Both in Bangladesh) have been declared as Ports of Call under “Coastal Shipping Agreement” between India & Bangladesh.  The Ports of Call in India are Kolkata (West Bengal), Haldia (West Bengal), Pandu, Karimganj (Assam), Silghat (Assam), Dhubri (Assam).
  • Maldives government has signed a contract with a joint venture of Indian companies. The contract aims to prepare project report and the development of Addu, which is the second biggest city in the island nation. This will upgrade existing infrastructure and mitigate the flood situation in Addu. Financing of the project will be done by EXIM bank of India through line of credit of USD 800 million.
  • The Indian Council of Agricultural Research (ICAR) and the National Bank for Agriculture and Rural Development (NABARD) signed a  MoU to promote sustainable agriculture and climate-resilient farming systems.
  • India and the US have signed an agreement to facilitate the transfer of defence technology. During a 2+2 dialogue held at Washington DC, the top foreign affairs and defence leaders on growing strategic relations between the world`s largest and most powerful democracies.
  • “Amazon.com Inc”, “Apple Inc” and Alphabet Inc’s “Google” have announced a partnership to lay the groundwork for better compatibility among their smart home products. Zigbee Alliance, whose members include IKEA and NXP Semiconductors among others, will also contribute to the project, titled ‘Connected Home over IP’.
  • French carmaker “Peugeot SA” and US-Italian “Fiat Chrysler” have signed an agreement to create the world’s fourth largest automaker. The binding combination agreement provides a 50/50 merger of their businesses to create the 4th largest global automotive original equipment manufacturer by volume and third largest by revenue.
  • Wipro has partnered with Nasscom to train students on emerging technologies. The programme will train on technologies such as artificial intelligence, data science, internet of things, cybersecurity. Wipro will train 10,000 students from engineering colleges in India as a part of Wipro’s corporate social responsibility programme “TalentNext“.
  • Bank of Baroda signed an MoU with the Gujarat government to facilitate the flow of credit in the Micro, Small and Medium Enterprises (MSMEs) sector.
  • Private sector lender Federal Bank has tied up with online real estate platform Magicbricks for listing and e-auctioning of immovable properties repossessed by it in recovery proceedings. The move is aimed at speedy recovery of the bank’s impaired assets while helping customers get the best rate in the market for their properties.
  • Kotak Mahindra Bank has tied up with Pine Labs to enable debit card facility for their debit cardholders across point-of-sale terminals by Pine Labs. Banks customers can avail EMI facility with a minimum purchase of Rs 8,000 and repay over 3 months to 12 months. 
  • HDFC Life Insurance has partnered with Paytm to expand its distribution. The partnership is aimed to enable customers of Paytm to purchase insurance products from HDFC Life. HDFC Life Insurance is constantly exploring opportunities to create and sustain new partnerships to strengthen its distribution network.
  • Mastercard has announced an agreement to acquire RiskRecon. RiskRecon is one of the leading providers of data analytics solutions and artificial intelligence focused on cyber-risk and security and offering solutions to mitigate cyber risks faced by the companies.