New Zealand prime minister Jacinda Ardern has said she is resigning, in a shock announcement that came as she confirmed a national election for October this year.
Ardern became the world’s youngest female head of government when she was elected prime minister in 2017 at age 37.
Her term as prime minister will conclude no later than 7 February.
Adani Green Energy arm will acquire 50% in Essel Saurya Urja Company of Rajasthan Ltd. (ESUCRL) from Essel Infraprojects Ltd. for Rs 15 crore. Adani Renewable Energy Holding Two Ltd. has entered into a binding term sheet with Essel Infraprojects Ltd on Jan. 17 to this effect.
The remaining 50% will continue to be held by the government of Rajasthan.
In accordance with Rule 8(2) of the NFRA Rule 2018, NFRA considers it appropriate to prescribe publication of Annual Transparency Report containing certain critical information about the auditor’s operational activities, management, governance and ownership structures, policies and procedures necessary to deliver high-quality audits, etc.
Ajay Bhushan Prasad Pandey is the Chairperson of National Financial Reporting Authority.
Vedanta Ltd. will acquire the embattled power company Meenakshi Energy Ltd. for Rs 1,440 crore. The Anil Agrawal-led company was declared the successful bidder under the corporate insolvency resolution process for Meenakshi Energy today. Following this, the board of the company approved the acquisition of the thermal power company.
ITC Ltd is set to acquire 100% stake in Sproutlife Foods Private Limited (SFPL) that sells health bars and muesli under the Yoga Bar brand.
ITC will acquire 100% of SFPL over a period of 3 to 4 years. 47.5% stake in SFPL will be acquired, in tranches, by March 31st, 2025; the balance stake will be acquired, basis pre-defined valuation criteria.
ITC chairman: Sanjiv Puri.
The NASA-JAXA (Japanese Aerospace Exploration Agency) Geotail spacecraft, which studied Earth's magnetosphere, the protective magnetic bubble of the planet, has retired after 30 years in orbit. The mission operations for Geotail ended after the failure of the spacecraft's remaining data recorder, NASA announced on January 18, 2023.
The Annual Status of Education Report (ASER), which sheds light on learning outcomes in schools, was released, marking the return of a key national survey that captures the state of foundational literacy and numeracy in the country.
The last ASER report, based on the physical household surveys, was released in 2018 by Pratham Foundation.
Pratham Foundation, CEO: Rukmini Banerji.
Legendary South African cricketer Hashim Amla has announced his retirement from all forms of cricket.
Even though Amla had hung up his boots in international cricket in 2019, he was active in the county circuit with Surrey.
Amla played a pivotal role in Surrey winning the County Championship in 2022.
Reserve Bank of India released the 9th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2021-22’.
The publication has been brought out by the ‘Department of Supervision’ of the RBI.
The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year 2021-22.
The proposed approach is to formulate principle-based guidelines supplemented by regulatory backstops wherever necessary. Further, regional rural banks and smaller cooperative banks (based on a threshold to be decided based on comments) are proposed to be kept out of the above framework.
The Financial Inclusion score and Financial Literacy score for the study region were generated using the OECD/INFE (Organisation for Economic Co-operation and Development/International Network on Financial Education) Toolkit. The estimated average financial literacy score was 14.37 on a scale of 0 to 21 (i.e., 68.43 per cent).
The proposed 11,000 MW hydro power project on the Brahmaputra in Arunachal Pradesh's Upper Siang district is being reportedly 'redesigned' due to concerns over China's proposed 60,000 MW hydropower project in Medog, Tibet.
According to reports, the design of the Indian project now includes a "buffer storage" of 9 billion cubic meters of water during monsoonal flow.
Prime Minister Narendra Modi inaugurated and laid the foundation stones of a string of projects worth more than Rs 38,000 crore aimed at developing infrastructure, easing urban travel, and strengthening healthcare during his visit to Mumbai.
The PM dedicated to the nation the Mumbai Metro Rail Lines 2A and 7, worth around Rs 12,600 crore.
The foundation stones of these lines were laid by PM Modi in 2015.
Larsen & Toubro announced the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. Under the terms of the MoU, L&T will become a partner for EPCIC of the topsides for H2C’s floating process plants.
A rare low-altitude basalt plateau housing 76 species of plants and shrubs from 24 different families discovered in Thane region in the Western Ghats—one of the four global biodiversity hotspots in India, can prove to be a repository of information for species interactions.
The projects include laying the foundation stone of the Yadgir multi-village drinking water supply scheme under the Jal Jeevan Mission and 65.5 km section ( from Badadal to Maradagi S Andola) of Surat - Chennai Expressway NH-150C, and inauguration of the Narayanpur Left Bank Canal – Extension Renovation and Modernisation Project (NLBC – ERM).
Kirloskar motoes said Manasi Tata, daughter of late Vikram Kirloskar, will take over as its new Vice Chairperson with immediate effect.
She will also take over as the Vice Chairperson of Toyota Kirloskar Auto parts (TKAP), Toyota Kirloskar Motor (TKM)
Tourism is organizing the 1st Global Tourism Investors Summit from 10th to 12th April 2023 at Pragati Maidan in New Delhi.
The aim of the summit is to bring together global business leaders, and policymakers to understand and explore Tourism Business opportunities in India.
Dr. Jaishankar announced an additional grant of 100 Million Maldivian rupiyas for more such community development projects. He said the MoUs and agreements are a reaffirmation of a strong developmental partnership between the two countries. He expressed happiness on witnessing an MoU between Maldivian National University and Kochi University of Science & Technology.
The World Economic Forum launched the Giving to Amplify Earth Action (GAEA) to help unlock the USD 3 trillion of financing needed each year to reach net-zero, reverse nature loss and restore biodiversity by 2050.
Tamilnad Mercantile Bank (TMB) has bagged 'Best Small Bank Award' in the 'Best Banks Survey for the year 2022' done by Business Today-KPMG (BT-KPMG Best banks survey). The bank has won this award under the category of banks with the book size of less than ₹1 lakh crore.
Pakistan is South Asia’s weakest economy, the World Bank said, adding that the country’s economic growth will slow further to 2 per cent during the ongoing year. This will mark a drop of two percentage points from its June 2022 estimate.
Mastercard has announced plans to expand its Girls4Tech STEM education program in India, to reach 100,000 additional female students by 2024.The program, supported by the Mastercard Impact Fund and in partnership with the American India Foundation, will provide STEM education to girls aged 8 to 14 in 40 different government schools in Delhi and across the country.
Living up to its motto of ‘Saving Lives and Beyond’ during any natural disaster in the country, National Disaster Response Force (NDRF) celebrated its 18th raising day, January 19. The Force, since its formation, has played a crucial role in disaster management and dealing with its threats.
Atul Karwal is the Director-General of the National Disaster Response Force (NDRF).
