Putting the online compliance in order, the Union ministry of corporate affairs has put in place a detailed disclosure framework for CSR spending by companies.
According to the new compliance roadmap, the companies will now be required to fill Form CSR-2 (Report on Corporate Social Responsibility).
The Indian government, which banned 224 Chinese apps in three rounds in 2020, has now issued fresh orders to ban around 54 Chinese apps, many of which belong to large companies such as Alibaba and Tencent and have resurfaced in new avatars.
The union government has issued fresh orders to ban over 54 Chinese apps, terming them a threat to privacy and security of Indians.
The National Skill Development Corporation (NSDC) & Common Service Centres (CSC) have inked a pact for the delivery of services to accelerate India's skill development.
The NSDC has signed an MoU with the Common Services Centres to collaborate for the delivery of services related to various skill development programmes to the youth in rural & remote areas.
The Reserve Bank of India has extended the timeline by six months for NBFCs to adhere the new NPA recognition norms.
Earlier the regulator had set March 31 deadline for non-bank lenders to upgrade NPAs only after all arrears and principal dues are paid.
NBFCs will have time till September 30, 2022 to put in place the necessary systems to implement this provision.
Jio Platforms, the subsidiary of Reliance Industries (RIL), is investing $200 million in Glance, an AI-driven lock-screen platform from InMobi, in a series D funding round.
Glance has also entered into a business partnership arrangement with Reliance Retail Ventures Limited, which will provide Glance’s ‘lock-screen platform’ on JioPhone Next smartphones.
German-American tech billionaire Peter Thiel will step down from the board of investors of Facebook Meta, the company announced in a statement.
Thiel raised his wealth through the online payments company PayPal, co-founded in 1998 with Elon Musk and has invested in Airbnb, Affirm, Stripe and SpaceX, among others. He also co-founded Palantir Technologies and Founders Fund.
Jio Platforms has picked up a 25% stake in US-based deep-tech startup company TWO Platforms for $15 million.
Founded by Indian-origin computer scientist Pranav Mistry in July last year, TWO Platforms is an artificial reality company that focuses on building interactive and immersional AI experiences.
India and Australia has inked a letter of intent for working together towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce emission globally.
The letter of intent (LoI) was signed at the 4th India - Australia Energy Dialogue, as per a power ministry statement.
Dialogue was co-chaired by Union Minister RK Singh.
Veteran singer-composer Bappi Lahiri died in a Mumbai hospital following multiple health issues.
He was 69. Bappi Lahiri was suffering from Obstructive Sleep Apnea (OSA) and recurrent chest infection.
Fondly known as Bappi da, he was as much known for his hit numbers as he was for his fascination for gold.
German President Frank-Walter Steinmeier was elected to a second five-year term by a special assembly of lawmakers and state-nominated delegates.
The position of president in Germany is largely symbolic, but its holder is nonetheless the country’s highest authority.
After alerting the public to the threat of a future pandemic in his famous 2015 TED Talk, Microsoft co-founder and billionaire philanthropist Bill Gates now writes on making the Covid19 the last pandemic ever in his upcoming book “How To Prevent The Next Pandemic”. The book, to be published by Penguin Random House internationally and Knopf in the US, will release on May 3.
India has ranked third in the world for LEED certified green buildings in 2021 in the US Green Building Council (USGBC) annual list.
China and Canada are at the first two positions. The United States is not included in the list but remains the world's largest market for LEED.
The Government of India, in partnership with the Government of Australia and the Government of Singapore, conducted an international workshop on combating marine pollution focusing on marine plastic debris. The workshop held virtually, bought together with the world's leading experts, scientists, government officials with policy expertise, and representatives from industry.
According to TomTom Traffic Index Ranking 2021, Despite Covid-induced lockdowns keeping a large number of vehicles off the roads in 2021, Mumbai and Bengaluru have been ranked 5th and 10th in the global ranking of urban congestion during the period while Delhi and Pune occupied the 11th and 21st spots among 404 cities across 58 countries.
World’s most congested city in 2021 is Istanbul, Turkey (Congestion level: 62%*)
Captain Binesh Kumar Tyagi has been picked by the Public Enterprises Selection Board (PESB) to be the next Chairman and Managing Director at the state-run carrier Shipping Corporation of India Ltd (SCI).
Captain Tyagi is currently the director looking after the liner and passenger services division at SCI which is in the process of being privatised by the government.
Karur Vysya Bank has joined hands with the Chennai-based UNANU Technologies for digital freight finance to fund transport contractors. using the end-to-end logistics technology platform.
UNANU has built the Freight Financing System within their suite of software platforms.