 The United States has eased export controls for high-technology product sales to India by elevating its status to a Strategic Trade Authorisation-1 (STA-1) country. The information was shared by US Commerce Secretary Wilbur Ross. With the move, the United States has granted India the same access as NATO allies, Australia, Japan and South Korea. |
| Source- NDTV News |
 Paytm Payments Bank CEO Renu Satti has resigned from the role and will now head Paytm's new retail initiative. Paytm will look for a replacement for Satti, who had taken over the CEO role last year. In the past, Satti has built businesses ground up that include market place, movie ticketing and most recently Paytm Payments Bank. |
| What is Paytm's "New Retail Model"? Under its 'New Retail' model, consumers will soon be able to discover nearby pharmacies, groceries and other shops to place an order and get instant deliveries. |
 The Hongkong and Shanghai Banking Corporation (HSBC) announced the appointment of Surendra Rosha as Chief Executive Officer for HSBC India, subject to regulatory approvals. Rosha succeeded Jayant Rikhye. Rosha, who is currently HSBC’s Head of Financial Institutions Group (FIG) for Asia-Pacific, has 27 years of experience in the financial services sector. He began his career in financial services when he joined HSBC’s India operations in 1991. |
| Source- The Hindu Business Line |
 The first Nepal-India Think Tank Summit has begun in Kathmandu to foster greater collaboration and knowledge-sharing among the think tanks of the two countries. The summit is being jointly organized by the Asian Institute of Diplomacy and International Affairs and Nehru Memorial Museum Library. Former Prime Minister of Nepal and Co-chairman of ruling Communist Party of Nepal, Pushpa Kamal Dahal Prachanda inaugurated the summit. The main objective of the summit is to strengthen bilateral relations between India and Nepal through multi-faceted collaboration among think-tanks in both the countries. |
| Source- AIR World Service |
 The 3rd BRICS Film Festival took place in Durban, South Africa, along with the International Durban Film Festival (DIFF). The last day of the festival (27th July) was celebrated as India Country Day, followed by Awards and Closing Ceremony. The film festival is aimed at celebrating world-class film productions from the BRICS nations with the objective of inspiring more collaboration from these nations. |
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Awards won by Indian films in the 3rd BRICS Film Festival, Durban, South Africa:
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The festival screened four Indian Films in the following category:
(a) Films in Competition Section:
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(b) Films in Non-competition Section:
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| Source- Press Information Bureau (PIB) |
 India's richest person Mukesh Ambani-led Reliance Industries Limited (RIL) beat Tata Consultancy Services (TCS) to become the most valued company in India. RIL's market capitalisation during the day was Rs7.44 trillion as compared to TCS' Rs7.39 trillion. RIL had recently reported its highest ever quarterly net profit of Rs9,459 crore, for the April-June quarter. |
| Source- The Livemint |
 Acclaimed Bengali writer Ramapada Chowdhury, whose story 'Abhimanyu' was made into a Hindi movie 'Ek doctor ki maut', passed away. Chowdhury was 95. He was conferred the Sahitya Academy award for 'Bari badle jay' in 1988. He was also the recipient of Rabindra Puraskar, Ananda Puraskar and Rabindranath Tagore Memorial International Prize. His last book, 'Harano Khata' was published in 2015. |
| Source- Business Standard |
 Rajasthan Government signed an MoU with a private trust Sohanlalji Buladeviji Ojha Gaushala Samiti to build its first 'Cow Sanctuary', a shelter for 10000 cows. The cow sanctuary will be spread over an area of more than 220 hectares in Bikaner district. This will be the first cow sanctuary in Rajasthan and will be situated in Bikaner’s Napasar. |
| Source- The Indian Express |
 Actress Kangana Ranaut and Chhattisgarh CM Raman Singh launched a smartphone distribution scheme called 'Mobile Tihar' under Sanchar Kranti Yojna. The scheme includes distribution of smartphones to 45 lakh women and 5 lakh children, and setting up of 556 new mobile towers. The Chhattisgarh government is working towards improving network connectivity and empowering youth with smartphones. |
| Source- India Today |
 American and Spanish Scientists have discovered a new shape called 'scutoid' while studying nature’s way of moulding tissue to form the skin, cavity linings and the building blocks of organs. The shape has five sides on one end and six on the other and a triangular surface on one of its longer edges. Scientists have referred to it as a twisted prism kind of shape that allows the tissue to mould around organs. Epithelial tissue, one of the four kinds of tissue that forms the human body, is composed of epithelial cells packed together in a particular formation that has been given a nifty name: scutoid. |
| Source- Hindustan Times |
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