Daily News

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Indian-origin scientist, Dr Sriram Subramaniam among UBC researchers unveil world's 1st molecular-level analysis of Omicron

A team of researchers, has become the first in the world to conduct a molecular-level structural analysis of the Omicron spike protein.

The findings show strong antibody evasion and binding with human cells that contribute to increased transmissibility, and that vaccination remains the best defence, the university said.

Spike protein helps the virus enter and infect cells.

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Omicron was first identified in South Africa and Botswana in November 2021.

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Reliance Jio introduces UPI autopay in collaboration with NPCI

Reliance Jio, in partnership with the National Payments Corporation of India (NPCI), has launched autopay facilities for millions of UPI and Jio users, making the telecom giant the first player in its industry to integrate with this unique e-mandate feature.

This feature, namely the UPI autopay, would allow Jio customers to set standing instructions on the MyJio app.

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Nation celebrates Parakram Diwas marking birth anniversary of Netaji Subhas Chandra Bose; PM to unveil hologram statue of Netaji

Nation is celebrating Parakram Diwas to mark the birth anniversary of Netaji Subhas Chandra Bose.

On this occasion, Prime Minister Narendra Modi will unveil the hologram statue of Netaji at India Gate.

The hologram statue will be replaced by a grand granite statue of Netaji which will installed to commemorate Netaji's 125th birth anniversary.

The statue is made of granite.

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Para-athlete Kamalakanta Nayak clocks 213 km in 24 hours in wheelchair marathon, sets record

Para-athlete Kamalakanta Nayak entered the Guinness Book of World Records by covering 213 km in 24 hours on his manual wheelchair. A resident of Puri district, Kamalakanta started his marathon from the Master Canteen Square to Rajmahal Square Cycle Track point.

Earlier, the highest distance covered by wheelchair in 24 hours was 182.4 km by Mario Trindade of Portugal in 2007

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Shaped Like An Infinity Symbol, Dubai Opens Incredible ‘Infinity Bridge’ To Traffic For The First Time

Dubai has thrown the 'Infinity Bridge' open to traffic for the first time.

The bridge consists of six lanes and improves the link between Deira and Bur Dubai.

It features a combined 3-metre track for pedestrians and cyclists.

First announced in 2018, the Infinity Bridge is part of a Al Shindagha Corridor Project.

The bridge has an arch shaped like the infinity symbol.

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Shiprocket acquires B2B logistics aggregator Rocketbox

Tech-enabled logistics & fulfillment company Shiprocket has acquired Rocketbox, a B2B logistics aggregator platform.

The Rocketbox founders will join the Shiprocket leadership team, and continue to build the cargo product as part of this deal.

This would address the technical complexities that merchants face while reducing the costs of LTL(Less-than-Truckload)cargo shipping

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Raghuvendra Tanwar appointed chairman of ICHR

Professor emeritus, Kurukshetra University Raghuvendra Tanwar has been appointed as chairman of the Indian Council of Historical Research(ICHR).

His appointment is for a period of three years from the day he assumes office of the Chairman of the Council or until further order.

The primary aim and objective of the ICHR is to promote and give directions to historical research

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President's Horse Virat Awarded For Selfless Service; First Parade Horse To Be Awarded

Virat, a horse living in the President's security unit received a Chief of Army Staff commendation card, scripting history as he becomes the first parade horse of the regiment to be awarded this card.

The horse named Virat has a distinction of escorting former Presidents of India as well as current president Ramnath Kovind with grace and dignity for over the past 13 years.

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Virat has been awarded for his selfless and outstanding service.

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AICTE launches student learning assessment programme, expands teacher training programme

With an aim to create a large pool of trained technical teachers, the All India Council for Technological Education(AICTE) announced that it was expanding the ambit of National Initiative for Technical Teachers Training(NITTT) by making it accessible to teachers with more than five years of service.

The AICTE announced the launch of the Students Learning Assessment (PARAKH)

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Major Ahluwalia, spine institute founder and mountaineer, dies at 85

Founder of the Indian Spinal Injuries Centre (ISIC), professional mountaineer, and Padma Shri recipient — Major HPS Ahluwalia donned many hats. He passed away at the age of 85. At the age of 26, Major Ahluwalia was part of the first Indian expedition to summit Mount Everest in 1965.

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Roberta Metsola Becomes Third Woman, Youngest To Head European Parliament

Centre-right Maltese lawmaker Roberta Metsola, chosen as the third woman to head the European Parliament.

The politician from the European Union's smallest nation becomes the youngest president ever to run the chamber.

Metsola, a member of the biggest parliamentary bloc, the European People's Party, replaced the centre-left Italian parliament chief.

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Optimal hedge ratio for ECBs is at 63%: RBI Paper

The optimal hedge ratio for the External Commercial Borrowings(ECBs) raised by firms in India is estimated at 63% for the periods of high volatility in the foreign exchange (forex) market, as per a RBI Working Paper.

Optimal hedge ratio is a ratio that implies the percentage of total asset or liability exposure that an entity ought to hedge against exchange rate fluctuation

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ECB are in the form of cash bonds,securitised instruments, preference shares & instrument

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India Ratings sees FY23 GDP growth at 7.6% on sustained govt spending

India Ratings & Research (Ind-Ra) expects gross domestic product (GDP) to grow 7.6 per cent in fiscal year 2022-23 (FY23), helped partly by continued government spending and a favourable global trade outlook.

The ratings agency estimates investments, as measured by gross fixed capital formation (GFCF), to grow 8.7 per cent YoY in FY23.

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The real GDP in FY23 will be 9.1 percent higher than the FY20 (pre-Covid level) GDP level

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Rajaram Narayanan appointed as MD & CEO of Sequent Scientific

Sequent Scientific has announced the appointment of Mr. Rajaram Narayanan as its Chief Executive Officer (CEO) and Managing Director (MD), succeeding Mr. Manish Gupta who has been its CEO & MD for the past eight years.

The appointment of Mr. Rajaram Narayanan will be effective from April 11, 2022, and shall remain in employment for a minimum of five years.

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Cadila re-appoints Sharvil P Patel as MD for another five-year term

Cadila Healthcare has re-appointed Sharvil P Patel as Managing Director of the company for a period of five years with effect from April 1, 2022.

The company’s board based on the subject to approval of the members of the company has approved the proposal to re-appoint Patel as the MD for a further period of five years till March 31, 2027.

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GoodDot ropes in Neeraj Chopra as its brand ambassador

Plant-based meat company GoodDot has roped in Neeraj Chopra as its brand ambassador.

With this association, the company wants to create awareness about the new category of plant-based meats.

It also wants to send out a message that small changes in lifestyle and food choices can go a long way in making the world a better place.

Abhishek Sinha: Co-founder, and CEO, GoodDot

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