Wall Street veteran Marty Chavez is joining the board of Google parent Alphabet Inc., adding significant finance muscle to the technology giant.
Chavez, a vice chairman and partner with Sixth Street Partners, has worked as an investor and software executive but is best known for his 20-year tenure at Goldman Sachs Group Inc.
Infosys will acquire Denmark-based BASE life science for about 110 million euros (Rs 875 crore) in an all-cash deal. The acquisition will deepen Infosys' expertise in life sciences domain as well as strengthen its footprint across Europe.
BASE brings to Infosys, domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow.
India-born Gita Gopinath became the first woman and second Indian to feature on the ‘wall of former chief economists’ of the International Monetary Fund (IMF).
The first Indian to achieve the honour was Raghuram Rajan who was Chief Economist and Director of Research of IMF between 2003 and 2006.
Government-owned SIDBI is developing an online platform which will bring together startups and investors with the aim to facilitate the funding requirements of budding entrepreneurs.
It’s an investor startup match-making portal…Funds will register on it and startups that want funding will also register and matchmaking will happen through AI (Artificial Intelligence).
SIDBI MD: Sivasubramanian Ramann.
State-owned LIC will invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal) Ltd.
LIC said the central government has nominated Suchindra Mishra, Additional Secretary, Department of Financial Services, as Government Director on its board with immediate effect.
He replaces Pankaj Jain.
LIC owns 55 per cent stake in LIC (Nepal).
Kotak Mahindra Bank said that it has acquired the agri and healthcare equipment financing portfolio of global asset finance company DLL India. Kotak will gain access to over 25,000 customers with a total standard loan outstanding of around ₹ 582 cr. Moreover, Kotak has also acquired the non-performing assets portfolio with a total loan outstanding of around ₹ 69 crore
Securitisation volumes originated by Non-Banking Financial Companies (NBFC)s and Housing Finance Companies (HFC)s have almost doubled to around Rs 33,000 crore in the first quarter of the current financial year, a report said. The volume of such transactions is expected to cross Rs 1.5 lakh crore in FY23, Icra Ratings said in a report.
A joint venture between Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest private multi-port operator and Israel's Gadot Chemicals Tankers and Terminals Ltd won the bid for Haifa, by reportedly quoting 4.1 billion shekels ($1.18 billion).
Haifa is Israel's second largest port and serves as a major trade hub on the country's Mediterranean coast.
Maharashtra Governor Bhagat Singh Koshyari presented the Mother Teresa Memorial Award for 2021 to actor and UN Goodwill Ambassador for Environment Dia Mirza and ‘UN Champion of the Earth’ awardee Afroz Shah.The awards instituted by the Harmony Foundation were presented to Dia Mirza and Afroz Shah in recognition of their outstanding work for the protection of the environment
Union Labour and Employment Minister Bhupender Yadav attended the BRICS Labour and Employment Ministers’ Meeting held under the Chinese Presidency. The Ministers of the member countries Brazil, Russia, India, China, and South Africa participated in the meeting. Mr Yadav highlighted the steps taken by India to provide relief to workers during the pandemic.
The idea of the BRICS was formulated by Chief Economist at Goldman Sachs Jim O'Neill 2001
The Centre has extended the Scheme for (RoSCTL) till March 2024 to boost exports and job creation in the textile sector. The Ministry of Textiles stated that the rates of exports of apparel and garments will continue the same as earlier notified by the Ministry. the Scheme helped in improving cost efficiency and export cometitiveness in the international market.
The Centre has rushed a high-level multi-disciplinary team to Kerala to collaborate with the State Health Authorities in instituting public health measures in view of the confirmed case of Monkeypox in Kollam district of the state. Earlier, health secretary issued an advisory to all state governments to intensify vigil against monkey pox disease at international entry point
In 2014, the United Nations General Assembly declared 15 July as World Youth Skills Day, to celebrate the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship. The celebrations of World Youth Skills Day 2022 will highlight the ongoing focus on the Transforming Education Summit (September 2022).
The theme for World Youth Skills Day 2022 is 'Transforming Youth Skills for the future'.
The Government of India has launched 'Mission Shakti' - an integrated women empowerment programme as umbrella scheme for the safety, security and empowerment of women for implementation during the 15th Finance Commission period 202l-22 to 2025-26. The norms of ‘Mission Shakti’ will be applicable with effect from 01.04.2022.
The government introduced certification of authenticity for jute products with the unveiling of "Jute Mark India" logo. The Jute Mark India scheme will provide the collective identity and assurance on origin and quality for traditional jute and jute products. The JMI would therefore be a hallmark of powerful creative work that defines the jute product with quality.
National Jute Board is governed by National Jute Board Act-2008
The Japanese government has decided to award former Prime Minister Shinzo Abe with the country's highest order posthumously. Abe will receive the Supreme Order of the Chrysanthemum. The longest-serving PM of Japan will be the fourth former prime minister to receive the decoration under the postwar Constitution.
European Union finance ministers have given Croatia the final approval to adopt the euro single currency on January 1, 2023, replacing the Croatian kuna. Lithuania was the last EU member to adopt the euro in 2015, and Bulgaria is the next in line to join the eurozone. The Balkan country has stated its willingness to adopt it as of January 1, 2024.
Samsung has developed a new graphics dynamic random-access memory (DRAM) chip with a faster speed and improved power efficiency.The 24-gigabit Graphics Double Data Rate 6 adopts third-generation,10-nanometer technology and boasts a data processing speed that is over 30 per cent faster than existing products.It process graphic images at a rate of up to 1.1 terabytes per sec.
Nasscom Foundation along with Google has set up a call centre in collaboration with a not-for-profit body ISAP to help women farmers scale up their business.The project is being run on a pilot basis to initially reach out to 20,000 rural women entrepreneurs across six states Himachal Pradesh, Uttarakhand, Uttar Pradesh, Bihar, Haryana and Rajasthan as“DigiVaani Call Center"
Nasscom Foundation CEO-Nidhi Bhasin
Himachal Pradesh Governor Rajendra Vishwanath Arlekar released a book, “The McMahon line: A century of discord”, authored by former Governor of Arunachal Pradesh and former Chief of Army Staff General JJ Singh (Retd). The book is based on the former Army chief’s experiences and research on the India-China border dispute.
The Mac Mohan Line is the international boundary line between India and China
The National Road Transport Institute in Gujarat will be upgraded to a central university and will be known as the Gati Shakti Vishwavidyalaya. The cabinet has also approved the setting up of the university. The Gati Shakti University will become the second central university in the state following the Central University of Gujarat.
