1. According to Bloomberg Billionaires Index, Mukesh Ambani became Asia’s second richest person with wealth worth $35.2 billion.
    Jack Ma, promoter of Chinese ecommerce firm Alibaba, is Asia’s richest person with $43.7 billion.
  2. The Nuclear Power Corporation of India signed three major contracts with Russia based ASE Group of companies relating to two units of the Kundankulam plant.


  1. SEBI approved appointment of Dhirendra Swarup as chairman of stock exchange BSE. He will replace Sudhakar Rao. Mr. Swarup was the former chairman of Pension Fund Regulatory and Development Authority.
  2. Prime Minister Narendra Modi announced a total package of Rs. 2,350 crore for the north eastern states hit by flood and an immediate release of Rs. 250 crore for flood hit Assam.
  3. Arvind Pangariya has stepped down as Vice-Charman of the government think tank NITI Aayog, to rejoin as Columbia Universities professor.


  1. Pakistan’s lawmakers elected Shahid Khaqan Abbasi, nominated by Pakistan Muslim League-Nawaz, as new Prime Minister of Pakistan.

Emerging News, Terms and Others:

  1. Founding director of Centre for Cellular and Molecular Biology, Puspha Mitra Bhargava, passed away at his home. He was a veteran molecular biologist and a vehement critic of genetically modified crops.
  2. China is constructing train tunnel of 12 KM in length through one of the portions of its iconic great wall to connect Zhanjiakou city, which is due to co-host the 2022 Winter Olympics along with Bejing.

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