Daily News

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Bhagwant Mann sworn in as Punjab CM; Inderbir Nijjer appointed protem speaker

Defying the tradition of conducting the swearing-in ceremony at Raj Bhavan, Mr. Mann took oath at Khatkar Kalan, the ancestral village of freedom fighter 'Shaheed-e-Azam' Bhagat Singh. Punjab Governor Banwarilal Purohit administered the oath of office and secrecy to Mann in the swearing-in ceremony.

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He took oath as 17th Chief Minister of Punjab.

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Retired Jharkhand HC judge Harish Chandra Mishra is Delhi Lokayukta

Retired Jharkhand High Court judge Harish Chandra Mishra has been appointed as the Lokayukta of Delhi.

Lieutenant-Governor Anil Baijal appointed Justice (retired) Mishra as Lokayukta and he will hold office for a term of five years from the date of joining.

The post had been lying vacant since the retirement of Justice Ms. Rewa Khetrapal in December 2020.

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Frank Torres Appointed As President Of Nissan India

Senior Nissan executive Frank Torres has been appointed Region Divisional Vice President for Business Transformation in the AMIEO region (Africa, Middle East, India, Europe, and Oceania) and the new President of Nissan India. Torres joined Nissan in Spain in 2007 as a Production Engineering Analyst, before becoming Managing Director for Nissan Motor Iberica (NMISA) in 2011.

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Ujjivan Small Finance Bank appoints M.D. Ramesh Murthy as Chief Financial Officer

Ujjivan Small Finance Bank has appointed MD Ramesh Murthy as the new Chief Financial Officer (CFO). As CFO, Murthy will be responsible for formulating and guiding the bank’s strategy for growth, while also leading the Finance and Accounts functions. Murthy joins Ujjivan SFB from Karur Vysya Bank where he was the CRO and subsequently, the CFO.

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Murthy is a Chartered Accountant and an alumnus of The Harvard Business School.

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MoRTH constructs 8,045 kms of highways during Apr-Feb '22

The Ministry of Road Transport and Highways through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year. The National Highways Authority of India and National Highways and Infrastructure Development Corporation are primarily responsible for the construction of National Highways and expressways.

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Tapan Singhel gets 5-year extension as Bajaj Allianz General Insurance's MD & CEO

Bajaj Allianz General Insurance announced a five-year tenure extension of its managing director and CEO Tapan Singhel. The new term will be effective from April 1, 2022, Bajaj Allianz General Insurance. Under Singhel's leadership, the company has emerged as one of the largest and most profitable private general insurers in the country ensuring growth, and profitability.

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Kinetic Green partners IGL to set up battery swapping stations

Indraprastha Gas (IGL), one of India’s largest CNG distribution company has partnered with Pune-based electric vehicle maker Kinetic Green to launch their first battery-swapping station christened ‘Energy Cafe’. The partners aim to roll out a network of battery swapping stations for two- and three-wheelers, starting with the Delhi region.

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Paisabazaar, Orange Retail Finance and Phocket join fintech association Face

Fintech Association for Consumer Empowerment (FACE) has onboarded three new member companies. Digital credit marketplace Paisabazaar along with online consumer credit providers Orange Retail Finance and Phocket, have now become members of the association. Face members collectively cater to more than half of the digital lending market, including B2B and B2C customers.

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FACE is the largest consumer-oriented fintech association in India

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Mahila Money, Visa and Transcorp launch Mahila Money Prepaid Card for women entrepreneurs

To help women entrepreneurs easily collect payments, loans and get incentives for transactions, Mahila Money, Visa and Transcorp have teamed up to launch Mahila Money Prepaid Card. Mahila Money said the prepaid card will help women entrepreneurs use digital payments more effectively.

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A physical copy of the card is also available upon request, in addition to the digital ca

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JSW Cement signs MoU with Punjab Renewable Energy Systems to use agricultural waste as biomass

JSW Cement, part of US$ 13 billion JSW Group has signed a Memorandum of Understanding with Punjab Renewable Energy Systems Pvt. Ltd (PRESPL) to use agricultural waste as biomass energy in its cement-manufacturing operations. According to the MOU, Punjab Renewable Energy Systems will build a sustainable supply chain of agricultural waste to be utilized as biomass energy

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Israel-based Coralogix forms Snowbit, a cyber security venture in India

Israel-based Coralogix, announced its foray into the India cyber security market with the launch of security venture Snowbit. The company is a full-service cybersecurity venture focussed on empowering cloud-native companies to secure themselves against growing cyber risks in a quick, efficient, and cost-effective manner.

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it is founded and led by tech veterans and former Amazon Web Services (AWS) executives.

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Torrent Power to buy 51% stake in Dadra and Nagar Haveli, Daman and Diu Power discom

Torrent Power Limited has entered into a Share Purchase Agreement and Shareholders Agreement with Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Holding Entity) and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited for purchase of 51 percent Equity Share Capital of the SPV from the Holding Entity.

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MoHUA announces winners of EatSmart Cities Challenge

Ministry of Housing and Urban Affairs announced eleven winning cities for the EatSmart Cities Challenge. The challenge was launched by MoHUA in collaboration with Food Safety and Standards Authority of India (FSSAI) on 15th April, 2021, to scale up the Eat Right India approach to city level.

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36th International Geological Congress to be held in New Delhi

The 36th International Geological Congress (IGC), themed “Geosciences: The Basic Science for a Sustainable Future” will be held here during 20-22 March, 2022 on a virtual platform. The 36th IGC is a joint endeavour of the Ministry of Mines, Ministry of Earth Sciences, Indian National Science Academy and the Science Academies of Bangladesh, Nepal and Sri Lanka.

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Described as the Olympics of Geosciences, the IGCs are held quadrennial.

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Shri Nitin Gadkari launches world's most advanced technology - developed Green Hydrogen Fuel Cell Electric Vehicle

Nitin Gadkari launched the world's most advanced technology - developed Green Hydrogen Fuel Cell Electric Vehicle Toyota Mirai. Toyota Kirloskar Motor Pvt Ltd & International Center for Automotive Technology are conducting a Pilot Project to study and evaluate the world’s most advanced Fuel Cell Electric Vehicle Toyota Mirai which runs on hydrogen, on Indian roads and clima

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IIT Madras, RBI Innovation Hub join hands to boost fintech startups

India's leading deep-tech startup hub spearheaded by IIT Madras Incubation Cell (IITMIC) and RBI Innovation Hub (RBIH), a wholly owned subsidiary of Reserve Bank of India, have signed a Memorandum of Understanding (MoU) to work together in developing the ecosystem necessary to support and scale fintech startups in India.

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The startup ecosystem in India makes a significant contribution to economic prosperity.