Daily News

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Japan’s Prime Minister Shinzo Abe won a ruling party leadership vote

Prime Minister Shinzo Abe won a ruling party leadership vote. This win can set him on track to become Japan’s longest-serving premier. Abe defeated former defence minister Shigeru Ishiba in the election for Liberal Democratic Party (LDP) chief.

Did you Know

Tokyo is the capital of Japan

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Samara Capital buys Aditya Birla Retail

Kumar Mangalam Birla-led $45-billion Aditya Birla Group has sold its entire stake in retail to mid-market private equity firm Samara Capital. Aditya Birla Retail Limited (ABRL) was operating food and grocery retail under the ‘More’ brand.

Did you Know

Walmart acquired Flipkart recently.

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IIT-Hyderabad to roll out cheaper lithium batteries

A startup incubated at Indian Institute of Technology-Hyderabad (IIT-H) has developed lithium batteries with wide applications in fields of agriculture and aerospace. It is in talks with defence laboratories for applications in tanks, missiles.

Did you Know

Lithium batteries have high energy density.

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Cabinet clears ₹3,466 crore dam improvement project

The Cabinet chaired by PM Narendra Modi approved the Dam Rehabilitation Improvement Project (DRIP). DRIP projects will improve the safety and operational performance of selected 198 existing dams in seven States.

Did you Know

Water is in State list.

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Dip in child mortality rate in India

On average 39 children out of 1,000 worldwide did not live beyond the age of five in 2017. India’s under-five mortality (U5M) is the same as the world’s average, which has decreased over time. China has shown the sharpest decline in U5M.

Did you Know

MMR in India is 130 per 1,00,000 live birth.

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Japanese businessman to become the first private moon tourist

American company SpaceX revealed that Yusaku Maezawa, a Japanese billionaire, would be the first private paying customer to ride around the Moon aboard the company's next-generation rocket. Big Falcon Rocket will be used for this.

Did you Know

SpaceX is founded by Elon Musk.

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BSE, NSE get SEBI approval to launch commodity derivatives

BSE, NSE get SEBI approval to launch commodity derivatives. BSE will enter the segment with non-agriculture commodities like metals initially, followed by agricultural commodities subsequently.

Did you Know

BSE is Asia’s first stock exchange

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Alibaba ready to comply with Govt policy on data localization

Alibaba has no issues with Govt's mandate of data localization for e-commerce companies in India. Data localization is the act of storing data on any device that is physically present within the borders of a specific country where the data was generated.

Did you Know

Alibaba Group founded in 1999 by Jack Ma.

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Government hikes interest rate on PPF, other small savings

Government has raised interest rates. PPF and NSC will fetch annual interest rate of 8% as compared to existing 7.6%. Kisan Vikas Patra will yield 7.7%and will now mature in 112 months. Sukanya Samriddhi account will earn higher interest rate of 8.5%

Did you Know

NSC- National Saving Certificate & PPF - Public Provident Fund.

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NASSCOM unveils a mentoring programme for AI startups

The National Association of Software and Services Companies (NASSCOM) unveiled the second phase of the 10,000 start-ups initiative that will focus on mentoring deep technology ventures in areas such as artificial intelligence (AI), machine learning (ML).

Did you Know

NASSCOM is a non-profit organization established in 1988.