The State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana which will be operational in six to nine months of on-boarding a consultant.
The Indian Railways has planned to deploy its indigenously developed Automatic Train Protection (ATP) system, 'Kavach', in a phased manner across all the networks.
The Executive Board of the International Monetary Fund (IMF) has given its approval for $1.4 billion (SDR 1,005.9 million) emergency support for Ukraine.