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Important Current Affairs 27th April 2020

International

World Bank ties-up with AIMA to organize virtual workshop on “Contract Management during Emergency situations”

World Bank (WB) has joined hands with AIMA (All India Management Association), one of the most renowned business schools in India, to organize a virtual workshop called “The Contract Management during Emergency situations” with the aim to create awareness on the implementation of the bank-funded projects.

Banking and Economy

HDFC acquires 6.43% stake in Reliance Capital

• HDFC has acquired 6.43% stake in debt-trapped Reliance Capital by invoking pledged shares.

• Apart from this, Housing Development Finance Corporation Ltd (HDFC) has acquired 8.21% stake in Reliance Infrastructure Ltd, and 6.97% stake in Reliance Power Ltd.

Transcorp becomes the 1st non-bank company to receive RBI nod to enter into co-branding arrangements

• The Leading forex and payment solutions provider Transcorp International Ltd(TIL) becomes the 1st non-bank company to receive Reserve Bank of India(RBI) nod to enter into co-branding arrangements for prepaid Instruments.

• It has also launched its multi-wallet RuPay-powered prepaid cards which allow corporate houses to pay wages, incentives, reimbursements & recurring payments to their employees or beneficiaries.

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