Daily News

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PM inaugurates World Sustainable Development Summit 2021

PM Narendra Modi inaugurated World Sustainable Development Summit 2021 via video conferencing. The theme of the Summit is ‘Redefining our common future: Safe and secure environment for all’. It is a flagship event of The Energy and Resources Institute.

Did you Know

Director-General of TERI: Dr Ajay Mathur
Established in 1974.

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Vijayanagara becomes 31st district of Karnataka

The govt of Karnataka in exercise of the powers conferred by sub-section (4) of section 4 of Karnataka Land Revenue Act, 1964 issued a notification demarcating boundaries of the newly-formed Vijayanagara district. It was carved out from Ballari district.

Did you Know

Hosapete is the headquarters of the new district.

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Aegon Life Insurance elevates Satishwar Balakrishnan as the CEO

Aegon Life Insurance, India’s 1st digital-only life insurance company, elevated Satishwar Balakrishnan to be the MD & CEO. He joined the company as CFO in July 2019. He will spearhead Aegon Life’s transformation into a digital-only life insurance company.

Did you Know

Aegon Life Insurance is headquartered in Mumbai.
Founded in 2008

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PhonePe partners with Axis Bank on UPI multi-bank model

Digital payments platform PhonePe partnered with Axis Bank on a Unified Payments Interface (UPI) multi-bank model. It aims to provide PhonePe users with the option to create and use multiple UPI IDs with Axis Bank’s “@axl” handle.

Did you Know

PhonePe in January processed transactions worth ₹ 1.92 trillion.

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Bank of Maharashtra ties up with LoanTap Credit for co-lending to MSMEs

Bank of Maharashtra entered into a co-lending agreement with the Pune-based non-banking financial company LoanTap Credit Products, for MSME loans. Under this, the bank will have an exposure of up to 80 per cent while the rest will be borne by the LoanTap.

Did you Know

MD & CEO of Maharashtra: A. S. Rajeev.
HQ: Pune.

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State Bank of India revises FY21 GDP estimates to 7%

SBI’s Economic Research Department revised FY21 GDP estimates to -7.0%. Previously it had estimated GDP at -7.4%. The report was authored by SBI’s Group Chief Economic Advisor Dr Soumya Kanti Ghosh. SBI is expecting FY 22 GDP to be 11%.

Did you Know

Chairperson of SBI: Dinesh Kumar Khara
HQ: Mumbai

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Hunter Biden's memoir 'Beautiful Things'

Hunter Biden, son of President Joe Biden has written a memoir called Beautiful Things. It will centre on his well-publicized struggles with substance abuse. Hunter Biden is a lawyer and former lobbyist whose lead the first impeachment of Trump.

Did you Know

It was written in collab. with author & journalist Drew Jubera.

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Siemens inks pact with IISc, CMTI on development of industrial IoT, industry 4.0-enabled products

Siemens Ltd signed MoU with IISc to establish a digital transformation lab and CMTI to set up a smart manufacturing demo and development cell. It will focus on development of Industrial Internet of Things and Industry 4.0-enabled products & technologies.

Did you Know

MD & CEO of Siemens Limited: Sunil Mathur.

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India’s first fossil of Earth’s Oldest Animal Found in Bhimbetka by Geological Survey of India

Researchers unearthed India’s 1st fossil of Dickinsonia, which is considered to be the oldest animal that roamed Earth 570 mn years ago. They were discovered at the Bhimbetka rock shelters on the roof of the Auditorium Cave. Bhimbetka is in Madhya Pradesh.

Did you Know

Geological Survey of India is headquartered in Kolkata.

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CCI approves BOI's 49% stake-buy in BOI AXA Investment Managers, BOI AXA Trust

Competition Commission of India approved Bank of India's acquisition of 49% stake each in BOI AXA Investment Managers and BOI AXA Trustee Services. Following the transaction, both the entities — BAIM and BATS — will become BoI's fully-owned subsidiaries.

Did you Know

AXA IM is an investment arm of AXA Investment Managers.

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International Day of Women and Girls in Science History

Every year, International Day of Women and Girls in Science Assembly is celebrated across the world. This year, it will celebrate 6th International Day on February 11th. Theme for 2021: ‘Women Scientists at the forefront of the fight against COVID-19’.

Did you Know

Gender equality: Sustainable Development Goal 5.

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SpaceX announces its first all-civilian mission to Space

Elon Musk’s SpaceX announced the launch of its first all civilian mission to space. It is planning Falcon 9’s launch of Inspiration4, the world’s 1st all-commercial astronaut mission to orbit. It will be launched from NASA’s Kennedy Space Center in Florida

Did you Know

Jared Isaacman, a trained pilot will be commanding the mission.

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India Energy Outlook 2021: India to see largest increase in energy demand over next 20 years

According to India Energy Outlook 2021 by the International Energy Agency, India is set to experience the largest increase in energy demand in the world over the next 20 years and will be the 3rd biggest energy consumer by 2030 overtaking European Union.

Did you Know

International Energy Agency HQ: Paris, France.

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RBI observes Financial Literacy Week 2021: February 8 to February 12

The RBI observes Financial Literacy Week 2021 (FLW 2021) between February 8 and 12. RBI has been observing FLW annually since 2016. The theme for FLW 2021 is 'Credit Disclipne and Credit From Formal Institutions'. It was launched by Ajay Kumar.

Did you Know

Reserve Bank of India is headquartered in Mumbai, Maharashtra.