9 April 2024 Current Affairs in English

9 April 2024 Current Affairs

9 April 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 9 April 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 9 April 2024 Current Affairs lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

9th April Daily Current Affairs 2024

9 April 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 9 April 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

Sumit Nagal becomes first ever Indian to win main draw match in Monte Carlo Masters

Indian tennis player Sumit Nagal stuns 35th ranked Matteo Arnaldi and becomes first ever Indian to win main draw match at Monte Carlo Masters. He defeated Arnaldi. The unseeded 95th-ranked Nagal is only the third Indian to feature in the main draw in Monte Carlo after Vijay Amritraj in 1977 and Ramesh Krishnan in 1982.

He became the first-ever male Indian singles player to win a Masters 1000 match on clay.

Private equity firm Bain Capital to sell remaining Axis Bank holding

Private equity firm Bain Capital will offload its remaining 1.08% stake (33.37 million shares) in Axis Bank. The price range for the share sale has been set at Rs 1,071 – Rs 1,076 per share, a discount of up to 0.47% to Axis Bank’s last close of Rs 1,076 per share. BofA Securities India is the sole investment bank handling the transaction.

Air India and BIAL sign agreement to develop Bengaluru airport as hub

Air India and Bangalore International Airport Limited (BIAL) announced that they have signed a pact to develop the Bengaluru airport as an aviation hub, encompassing the construction of a dedicated domestic lounge, expansion of international services, and establishment of a maintenance, repair, and overhaul (MRO) facility.

The Tata Group wholly owns Air India, while AIX Connect and Air India Express are its wholly-owned subsidiaries. Vistara, a 51:49 joint venture between the Tata Group and Singapore Airlines, is currently undergoing a merger with Air India. Fairfax-run BIAL operates the Bengaluru airport.

Piramal Alternatives invests Rs 110 crore in Biodeal Pharmaceuticals

Piramal Alternatives, the investment arm of Piramal Group, has announced an investment of Rs 110 crore in Biodeal Pharmaceuticals. Biodeal is a contract development and manufacturing organization. The investment is aimed at fuelling Biodeal’s development of solutions, enhancing its production capabilities, and operations, positioning it as a leading nasal spray manufacturer.

Centre appoints Manoj Panda as member of 16th Finance Commission

The government has appointed Manoj Panda, former director at the Institute of Economic Growth as the full-time member of the 16th Finance Commission. The 16th Finance Commission held its first meeting under the Chairmanship of Arvind Panagariya to discuss its terms of reference on February 14.

The other full-time members of the Commission include Ajay Narayan Jha, a member of 15th FC and former secretary of Expenditure, and Annie George Mathew, former special secretary of Expenditure. Soumya Kanti Ghosh, group chief economic advisor of State Bank of India was appointed as the part-time member of the Commission.

The Finance Commission is a constitutionally mandated body established once every five years to devise a formula for distributing net tax proceeds between the Centre and the states as well as among states and local bodies. Currently, India shares 41% of federal taxes with states as recommended by the 15th panel.

Indian Army gets portable Igla-S Air defense system

The Indian Army has received the first batch of 24 Russia-made Igla-S Man Portable Air Defence Systems (MANPADS), along with 100 missiles, as part of a larger deal that includes domestic production in India. The Igla-S system is being acquired to enhance the Indian Army’s Very Short Range Air Defence (VSHORAD) capabilities.

The Igla-S is a hand-held defense system that an individual or crew can operate. It is designed to bring down low-flying aircraft and can also identify and neutralize air targets such as cruise missiles and drones. India signed a contract with Russia in November last year for 120 launchers and 400 missiles.

Tata’s made-in-India military-grade satellite successfully placed in orbit by SpaceX rocket

Tata Advanced Systems (TASL), Tata Sons’ wholly-owned subsidiary, has launched India’s first private sector-built sub-metre resolution earth observation satellite, TSAT-1A, in collaboration with Satellogic. The satellite was launched from the Kennedy Space Center, Florida, by SpaceX Falcon 9 rocket.

TSAT-1A will provide high-resolution satellite images with low-latency delivery. The Indian armed forces are expected to be one of its major users. This is the first sub-metre high-resolution earth observation satellite by the private sector in India. The satellite, weighing less than 50 kg, is in low-earth orbit.

India eyes 100 GW nuclear power by 2047: AEC chairman

India aims to increase its nuclear power production to 1 lakh MW by 2047, a significant jump from the current 8,000 MW. This goal was highlighted by Atomic Energy Commission Chairman A K Mohanty at the release of a report on energy transitions. The report emphasized the need for nuclear power in India’s energy transition.

He said the breeder reactors would contribute 3 GW of nuclear power, while 17.6 GW would come from light water reactors built with international cooperation and another 40-45 GW would come from the pressurized heavy water reactors.

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