 The University of Houston, Texas has signed an MoU with the Indian Institute of Petroleum and Energy (IIPE) to build scientific and technical knowledge through joint research. The agreement was signed at Houston by IIPE founding director VSRK Prasad and UH vice provost for global strategies and studies, Jaime Ortiz. It covers key areas of possible collaboration in faculty exchanges, offshore and onshore petroleum engineering, process control systems and process safety in all chemical engineering fields and non-conventional energy areas. |
| Source- Press Information Bureau (PIB) |
 Bhushan Steel has approved the appointment of TV Narendran as Chairman and Non-Executive Additional Director of the company. Narendran, CEO and MD of Tata Steel, has over 30 years of experience in the metal and mining industry. Tata Steel acquired controlling stake of 72.65% in Bhushan Steel in accordance with Rs35,200-crore resolution plan for the bankrupt steelmaker. |
| Source- The Livemint |
 Haryana Governor Kaptan Singh Solanki was given the additional charge of Himachal Pradesh by President Ram Nath Kovind. He has been appointed during the absence of Himachal Governor Acharya Devvrat, who is on leave. |
| Source- Business Standard |
 US President Donald Trump and his Russian counterpart Vladimir Putin held the first summit at Helsinki in Finland. Trump’s meeting with Putin comes days after a federal grand jury indicted 12 Russian intelligence officials on charges of hacking the servers of the Democratic National Committee and that of its 2016 presidential candidate Hillary Clinton. Host Finland President Sauli Niinisto is scheduled to meet Trump before Trump and Putin sit down to a bilateral meeting first without aides and then with their teams of support staff. |
| Source- AIR World Service |
 An eight-year-old Indian-origin schoolboy Ishwar Sharma, who is the under-11 UK national yoga champion has been named the 'British Indian of the Year' in the young achiever category for his accomplishments in the field. Ishwar Sharma has won a string of titles in both individual and artistic yoga, most recently a gold medal representing Great Britain at the World Student Games 2018 in Winnipeg, Canada. He was also named British Indian of the Year in the Young Achiever category at the sixth annual awards ceremony held in Birmingham, recently. |
| Source- NDTV News |
 According to the data of the commerce and industry ministry, India's wholesale inflation grew 5.77% in June, a four-and-half-year high, driven by some food items and fuel price. A higher inflation in the month of June can also be attributed to an unfavourable base effect. WPI witnessed a growth of 4.43% in May and 0.90% in June 2017. |
| Source- The Moneycontrol |
 State Bank of India and National Bank for Agriculture and Rural Development (NABARD) have joined hands to provide collateral-free credit through Joint Liability Groups (JLGs) in Telangana. The two signed an MoU, along with seven NGOs from Nizamabad, Medak and Warangal districts, for the promotion and credit linkage of 2,000 JLGs during the current year. |
| Source- The Times of India |
 The board of Life Insurance Corporation of India (LIC) has approved the proposal for the insurer to hold a 51% stake in IDBI Bank. The announcement was made by Subhash Chandra Garg, Secretary, Department of Economic Affairs. The life insurer has around 7.5% stake in LIC at present and will acquire the remaining stake from the government. Using this route rather than LIC directly buying the government’s stake in IDBI Bank will ensure that the bank receives the capital. |
| Source- DD News |
 ISRO has successfully conducted ground test of its high thrust version of Vikas Engine at ISRO Propulsion Complex (IPRC) in Mahendragiri, Tirunelveli district of Tamil Nadu for duration of 195 seconds. The tests meet all its propulsion parameters and were found satisfactory and closely matched the predictions. |
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 Prime Minister Narendra Modi inaugurated 171 km long Bansagar canal project in Mirzapur district of Uttar Pradesh. He also laid foundation stone of Mirzapur Medical College, inaugurated 100 Pradhan Mantri Jan Aushadhi Kendras and bridge over Ganga River at Balughat, Chunar, which will facilitate connectivity between Mirzapur and Varanasi. |
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