Daily News

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L&T Infotech, Mindtree announce merger to create country's fifth-largest IT services provider

By market capitalisation, the combined entity will surpass Tech Mahindra to become the fifth-largest IT services provider. The firm will employ over 80,000 people, including 4,000 sales and support personnel. Currently, TCS ranks first among IT firms with the highest market valuation, followed by Infosys, HCL Tech, Wipro.

AM Naik, Chairman, L&T Group.

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Sanjay Jalona has resigned as CEO & MD of LTI.

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Sudarshan Venu appointed Managing Director of TVS Motor

Sudarshan Venu has been appointed as the new Managing Director of the TVS Motor Company.

He is the son of Venu Srinivasan, who has now become the Chairman Emeritus. Prior to this, Sudarshan was the Joint Managing Director of the company.

TVS has also announced the appointment of Prof. Sir Ralf Speth as the Chairman of the company.

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India's first Regional Rapid Transit System train-set to be handed over to NCRTC at Savli in Gujarat

The National Capital Region Transport Corporation (NCRTC) will be receiving India's first semi-high speed train set for Regional Rapid Transit System (RRTS) at Alstom's Savli plan in Gujarat.

The RRTS train sets are being manufactured under Make In India initiative and are capable of running at a top speed of 180 kilometre per hour.

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ISRO plans Venus Mission, to be launched in Dec 2024

After sending missions to the Moon and Mars, the ISRO is now readying a spacecraft to orbit Venus to study what lies below the surface of the solar system's hottest planet, and also unravel the mysteries under the Sulfuric Acid clouds enveloping it.

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ISRO Chairman:- S. Somnath

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UN-Energy Plan of Action Towards 2025 launched

Against the backdrop of a global energy crisis and worsening climate emergency, the United Nations took a major step to catalyse the large-scale action and support needed for the transition to clean, affordable energy for all and net-zero emissions with the launch of a UN-Energy Plan of Action Towards 2025.

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The 'Plan of Action' was launched by some 30 leading organisations comprising UN-Energy.

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NASA climate research scientist wins World Food Prize

A NASA climate research scientist who has spent much of her career explaining how global food production must adapt to a changing climate was awarded the World Food Prize.

Cynthia Rosenzweig, an agronomist and climatologist, was awarded the $250,000 prize in recognition of her innovative modeling of the impact of climate change on food production.

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Under Project WAVE, Indian Bank has launched a pre-approved personal loan.

The public sector bank, The Indian Bank has presented a pre-approved personal loan product under Project WAVE.

The Chennai-based bank announced the World of Advance Virtual Experience, WAVE digital transformation project in January 2022 to introduce its first digital product, the Pre-Approved Personal Loan, which intends to give consumers with rapid loan disbursements.

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Ardeshir B K Dubash conferred highest diplomatic award by the Government of Peru

The former Honorary Consul of Peru in Mumbai, Mr. Ardeshir B.K. Dubash, received the Order of “Merit in the Diplomatic Service of Peru José Gregorio Paz Soldán”, the highest distinction conferred by the Ministry of Foreign Affairs of Peru.

Mr. Dubash was designated as Honorary Consul of Peru on August 13th, 1973.

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RBI okays merger between Equitas Holding and Equitas Bank

The RBI has cleared the Equitas Holdings and Equitas SFB merger, Equitas Small Finance Bank said in an exchange filing.

The scheme of amalgamation between Equitas Holdings Limited (EHL), Equitas SFB Limited (ESFB), and their respective shareholders had been submitted to the Stock Exchanges and the RBI for their approval/ no-objection confirmation on March 2.

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Sebi rejigs 18-member secondary market advisory panel

Sebi has restructured its committee on secondary market, which provides suggestions to the capital markets regulator on improving market safety, efficiency and transparency.

The 18-member advisory committee will now be chaired by G Mahalingam, former whole time member of Sebi.

Earlier, the panel had 17 members and was headed by Sebi chairperson Madhabi Puri Buch.

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IRDAI panel chaired by Yegnapriya Bharath,moots introduction of a Combi Micro insurance product

A panel on Micro Insurance (MI) constituted by the Insurance Regulatory & Development Authority of India (IRDAI) has suggested introduction of a Combi MI product. There is a case to have a Combi MI product which can be developed on a modular basis, giving flexibility to the insurer to offer coverage to different groups and individuals as per their specific protection needs.

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Kerala govt to launch app for diagnosing, controlling lifestyle diseases.

The Kerala government is ready to launch an Android app -- 'Shaili App' -- aimed at diagnosing and controlling lifestyle diseases among people in the southern State.

The app has been set up as part of the population-based screening project launched by the Health Department under the Nava Kerala Karma plan.

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World Athletics Day 2022: May 7

In a bid to encourage sports activities throughout the world, May 7 is celebrated annually as World Athletics Day. Introduced in 1996, the day aims to spread awareness among the youth about athletics. It was also introduced as a social responsibility project titled ‘Athletic for a better world’ by the International Association of Athletics Federations (IAAF).

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