Ajay Seth Appointed as New IRDAI Chairman to Oversee Insurance Sector Reforms:

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• Vikram Solar will launch a ₹2,000 crore IPO on August 19, including ₹1,500 crore fresh issue and ₹1,745 lakh shares OFS.

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• Chennai’s Rohith Krishna, 19, becomes India’s 89th Chess Grandmaster after winning in Kazakhstan.

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• Steel Minister H.D. Kumaraswamy launched the ‘Bharat Steel’ logo, brochure, and website in New Delhi.

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• Typhoon Podul struck eastern Taiwan, causing heavy rain, strong winds, and transport disruptions.

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• Rapido launched its ‘Ownly’ app in Bengaluru with a zero-commission model for restaurants.

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• ICICI Bank cut minimum savings account balance to ₹15,000 for metros, effective August 1.

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• SEBI permits advisers and analysts to use liquid and overnight mutual funds for deposit requirements.

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• SBI will levy nominal charges on online IMPS transfers above ₹25,000 from August 15.

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• HDFC Bank’s SmartWealth app now supports nine Indian languages for investment services.

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• Scientists discovered marine virus PelV-1 with the world’s longest viral tail at 2.3 micrometres.

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