NATIONAL:

HealthKart to raise 173 cr from Belgium's Advent Management.

• Gurugram-based health and fitness products platform HealthKart is raising about ₹173 crore from Belgium-based Advent Management, Entrackr revealed. It has raised around ₹346 crore worth preference and equity capital since July last year.

Healthkart was founded by Prashant Tandon and Sameer Maheshwari in 2011 after raising $1 million from Kae Capital and Sequoia Capital.

Vodafone Idea signs multi-million dollar IT deal with IBM.

• India's largest telecom operator Vodafone Idea Ltd on Friday announced a five-year multi-million-dollar IT outsourcing deal with tech giant IBM.

• "This engagement will also contribute to Vodafone Idea's merger synergy objectives by reducing its IT related costs," the telecom firm said in a statement.

• The company did not divulge the size of the deal but some reports pegged it at about $700 million.

INTERNATIONAL:

Warren Buffett finally embraces Amazon as Berkshire acquires stake.

• Warren Buffett has said that he underestimated Amazon.com Inc.’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant.

BANKS AND ECONOMICS:

RBI imposed penalty on 5 pre paid payment instrument issuers and Yes Bank.

• The Reserve Bank of India imposed a monetary penalty on five pre-paid payment instrument issuersincluding Vodafone m-pesa and Phonepe, for violating regulatory guidelines. A penalty of Rs.3.05 crore has been imposed on Vodafone m-pesa and Rs. 1 crore each on Mobile Payments, PhonePe and G.I.

• Technology Private Ltd. Also, a penalty of Rs. 5 lakh has been imposed on Y-Cash Software Solutions.

• RBI said it had imposed a penalty of Rs. 29.67 lakh on Western Union Financial Services Inc., USA., and Rs. 10.12 lakh on MoneyGram Payment Systems Inc, USA, for non-compliance of regulatory guidelines.

• The penalties on Western Union and MoneyGram had been imposed by the central bank under the provisions of the Payment and Settlement Systems Act, 2007, for compounding of the contravention.

APPOINTMENTS AND RESIGNATIONS:

Myntra appoints Virat Kohli, Anushka Sharma as first brand ambassadors.

• Flipkart-owned fashion e-commerce platform Myntra n Friday announced that it had appointed celebrity couple Virat Kohli and Anushka Sharma as its first brand ambassadors.

• The platform declined to reveal the brand deal size or period of association. According to celebrity management sector estimates, Myntra may be shelling out upwards of ₹10 crore for the couple as brand endorsement fee.

DAYS:

International Firefighters Day is observed on 4th May.

• International Firefighters' Day (IFFD) is observed on 4th  May of every year. It was instituted after a proposal was emailed out across the world on January 4, 1999, due to the deaths of five firefighters in tragic circumstances in a bushfire in Australia. May 4 used to be a traditional Firefighters' Day in many European countries because it is the day of Saint Florian, patron saint of firefighters.

• Fire prevention and the need for more intensive and thorough training is one of the main aspects of International Fire Fighters Day. Firefighters and their agencies around the world are constantly stressing fire prevention: in schools, to the community, at public events, at assemblies and even to their own families. The safest way to keep firefighters alive and home to their families is training. This ideal is one that International Fire Fighters Day stresses.

• The Ribbon:

One of the most significant symbols of International Fire Fighters Day is the red and blue ribbon. This ribbon is cut precisely five centimeters long and one centimeter wide, with the two separate colors conjoined at the top. The red and blue were chosen because the red stood for the element of fire whereas the blue would represent the element of water. Coincidently, red and blue are also the colors recognized worldwide to signify emergency services; therefore, red and blue being the best choice of color to reco2. gnize an international day.

Coal Miners Day is observed on 4th May every year:

• Coal Miners Day is observed on 4th May every year to highlight the toughest profession and the people working in coal mines. On this day several organisations, communities raises funds and awareness for other organisations in the coal mining area and workers.

This day show appreciation for the sacrifices, honour the accomplishments and remember the tragedies that these hardworking individuals experience.

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