Daily News

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Arvind Krishna appointed CEO of global tech giant IBM

Indian-origin Arvind Krishna has been appointed as the new CEO of American IT giant IBM, succeeding Ginni Rometty. The 57-year-old Arvind will take over on April 6. Rometty had been IBM's Chairman, President and CEO, will retire after almost 40 years.

Did you Know

Krishna joined IBM at the end of 1990.

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FICCI survey projects FY20 GDP growth at 5%, to improve to 5.5% in FY21

Industry body FICCI said its Economic Outlook Survey has projected the country's annual median GDP growth for 2019-20 at 5%, in line with the forecasts made by NSO. Survey has put the growth forecast for agriculture & allied activities at 2.6% for 2019-20.

Did you Know

Industry & services sector forecasts are at 3.5% & 7.2%.

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Assam tops in budgetary practices, followed by Odisha, Andhra: Survey

Assam has emerged as the top state in terms of best practices followed in budget formulation, followed by Odisha and Andhra Pradesh, says a survey by Transparency International. The states which figured lower in the ranking were Goa, Maharashtra & Punjab.

Did you Know

The survey was based on four parameters.

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Kotak Mahindra Bank gets RBI nod to cap promoters’ voting rights at 20% till March

Kotak Mahindra Bank said the RBI accepted promoters' voting rights to be capped at 20% till March. The RBI's licensing rules mandate a private bank's promoter to pare holding to 40% within 3 years, 20 percent in 10 years and 15 percent within 15 years.

Did you Know

Voting rights in the bank will be capped to 15% from April 1.

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Wipro CEO Abidali Neemuchwala steps down

Wipro Ltd said its Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to family commitments. Abid helped to build a strong execution mindset, drove key acquisitions and scaled the Digital business globally.

Did you Know

Wipro is headquartered in Bangalore.

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Indian Railways implementing AIDC of RFID Project

As a part of improving service levels & operating efficiency, Indian Railways is executing Automatic Identification and Data Collection of Rolling Stock (RFID Project). It aims to automatically & accurately track rolling stock as they move in the country.

Did you Know

RFID tags can be used in all locations in the country.

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Delhi High Court favours jail terms for using chemicals to ripen fruits

Use of pesticides and chemicals to ripen fruits amounts to poisoning the consumer, the Delhi High Court has observed and said invoking penal provisions against the culprits. Court has in the past suggested several measures to curb adulteration of eatables.

Did you Know

Pawan Kumar Agarwal is the current CEO for FSSAI.

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Govt restores 2% additional duty incentive on mobile phones export

Government has restored 2% additional duty incentive on mobile phones export with a view to boost shipments of the product, announced commerce ministry. The duty benefit under the Merchandise Export from India Scheme (MEIS) is effective from January 1.

Did you Know

Benefit will be there till March 31, 2020.

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OPPO, IIT-Hyderabad to take up joint R&D projects

OPPO, the global smartphone brand, and IIT-Hyderabad have joined hands to take up joint R & D projects in advanced and emerging technologies. The areas identified are battery, camera & image processing, networks (5G), system performance & AI among others.

Did you Know

They signed the partnership for two years.

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TERI’s World Sustainable Development Summit 2020 held in New Delhi

TERI’s World Sustainable Development Summit 2020 on ‘Energy Future Road Map’ held in New Delhi. Started in 2001, the Summit has become a focal point for leaders and stakeholders across the world to bridge thought and action for sustainable development.

Did you Know

The WSDS is the annual flagship event of TERI.

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Ramesh Pokhriyal ‘Nishank’ chairs meeting of the INCCU with UNESCO in New Delhi

Union Human Resource Development Minister Ramesh Pokhriyal ‘Nishank’ chaired the meeting of the Indian National Commission for Cooperation with UNESCO (INCCU) in New Delhi. The membership of National Commission consists of members of 5 Sub Commissions.

Did you Know

Reconstituted National Commission has met for the first time.

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Ashutosh Sharma inaugurates Digital Gandhi Gyan Vigyan Exhibition Phase-II

The Secretary, Department of Science & Technology, Ashutosh Sharma inaugurated the Phase-II of the Digital Gandhi Gyan Vigyan Exhibition on Martyr's Day. The Exhibition showcased Augmented Reality & Virtual Reality events related to the life of Gandhi.

Did you Know

It is in alliance with M/s Vizara Technologies Pvt. Ltd, Delhi.

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Telangana tops country in sustainable growth goals: UN Development Programme

Telangana has emerged as the best performing state in promoting inclusive and sustainable economic growth and decent work for all on Sustainable Development Goals (SDG) India Index 2019, according to United Nations Development Programme (UNDP) India.

Did you Know

It has improved its performance over 2018 in 8 out of 17 SDGs.

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Uttar Pradesh's Chandauli district tops NITI's Aspirational District ranking

Chandauli district in Uttar Pradesh has topped the list of aspirational districts ranked by the government think tank Niti Aayog in December. Belangir (Odisha) and YSR (Andhra Pradesh) have been placed at the second and third positions, respectively.

Did you Know

Sahibganj (Jharkhand) has been ranked at the fourth spot.

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Google Launches Tangi App To Take On TikTok In The Short Video Game

Google has joined the race to launch short-video making apps with unveiling Tangi that is focused on creativity and Do It Yourself (DIY) space. The app is a product from Google's in-house incubator titled Area 120. Tangi Founder Coco Mao.

Did you Know

Instagram, launched a video-music remix feature called "Reels".